Software advancements have transformed the way businesses work globally, and India is no exemption. As one of the fastest growing economies in the world, India has taken cognizance of the need to incorporate automated systems like ERP to address the multifaceted requirements of businesses.
It’s hardly surprising that more and more organizations are making ERP software solutions an indispensable component of their business.
The message is loud and clear: Shape up or ship out. Augment your efficiency in all areas of your businesses or lag behind in a market that is evolving at a breakneck speed.
Adoption of ERP Software in India
The Indian market has been rather hesitant to implement ERP solutions unlike its western counterparts. Initially used only for back office purposes, they were left to the discretion of technical experts. They did little more than serving the cosmetic function of support services and their role in growing the business was mediocre, at best.
With the ubiquitous proliferation of the software products in the country, businesses started looking towards a technologically-driven approach to optimize efficiency, boost productivity and take proactive measures to tackle contingencies & emergencies.
Needless to say, ERP software solutions began to be looked at with greater interest. Within no time, businesses of various sizes realized the immense benefits of properly implemented ERP software solutions and started to leverage them to drive better business decisions.
In the beginning, most ERP modules manly included Finance and Accounting. However, Sales and Distribution joined the fray after which, Materials Management and Manufacturing too became a regular feature.
While such solutions were primarily geared towards the needs of larger establishments, the advancement of ERP set-up in India encouraged proactive game changers such as Zenscale to take the plunge and provide future-ready, all-inclusive business solutions to accommodate the needs of small scale businesses as well.
What took us so long to adopt ERP software solutions?
Ignorance, technical snags, and financial burdens were some of the reasons of delayed implementation of ERP systems in Indian markets. Even though many established players did take the initiative, most of the mid-cap and small-cap companies remained hesitant because of the sheer size of initial investment.
Realizing this, ERP developers made structural changes in the system and began offering affordable ERP solutions to pave the way for their widespread uptake. The rest, as they say, is history!
Currently, nearly 60% of the SME sector uses ERP solutions, making them the most loyal segment when it comes to ERP implementation. It took a courageous leap of faith on the part of Zenscale to feel the pulse of the nation and make proactive changes.
Influence of ERP on Indian Market
Indian ERP market had up-surged nearly 70% over the past decade or so. Many companies including large-cap, mid-cap, and small-cap entities, are reaping the benefits of ERP in more ways than one.
In the wake of digital India initiatives, this growth has become even more amplified, especially among startups and small business owners. This is because most modern enterprises are familiar with the nuances of ERP software solutions, which makes them ideally suited to take advantage of this key trend.
Takeaway
If past indicators are anything to do by, the growth of ERP market in India has only begun and is set to scale new heights. Digital transformation is on the priority list of companies that are committed to be the beacons of long-lasting change.
Got any questions? Yet to be convinced about aligning ERP solutions with your long-term business objectives? Get in touch with us now and join a conversation that can transform your business – potentially forever.