Koch Industries, one of the largest private companies in the US, is pouring US$2.5 billion into Infor, which is also privately held and selling enterprise applications such as ERP, financial management, and retail management solutions. Infor is currently one of the world’s largest ERP vendors, along with SAP, Oracle, and Microsoft.
The large number of ERP vendors in the market can be categorised using the tiers system. Tier 1 vendors are the giants that, together, hold the lion’s share of the global ERP market.
In the past, large ERP providers tended to offer extensive “one-size-fits-all” products to very broad horizontal market segments. One solution was offered to different prospects in different industries. Only small providers focused on vertical markets, i.e., specific industries.
Highly capable ERP systems but are too complex for ordinary users to adopt would hinder your chance to realise its full potential. Many, if not most, of your ERP system’s users may not have in-depth technical skills. So it is crucial that the software is easy to use and friendly to business users.
ERP systems continue to evolve in order to adapt to the rapidly changing business environments. The rapid pace of change will only accelerate the adoption of newer, more advanced ERP systems.