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ERP Market
The ERP market is a very competitive and fast growing market. According to Research, the enterprise resource planning (ERP) market is experiencing double-digit growth in 2007, and is expected to continue to grow at an average of 10% over the next five years. The ERP market continues to benefit from a widespread acceptance of the idea that business must have integrated information systems to be competitive. SAP continues to be the biggest player in the market with an estimated 43% of the market share, or about $12.5 billion in revenue in 2006.
ERP Market
The top players of the ERP market are SAP, Oracle, Sage Group, Microsoft Business Solutions, Infor Global Solutions, Geac, Intentia, QAD, Lawson Software, etc. The popular operating systems for ERP software are Windows and Unix. The most popular databases for ERP software are Oracle and MSSQL Server.
SAP
Sap is Systems Applications and Products in Data processing. Founded in 1972 by a group of former IBM employees SAP is the worlds leading provider of business software, SAP delivers products and services that help accelerate business innovation for their customers. Today, more than 82,000 customers in more than 120 countries run SAP applications from distinct solutions addressing the needs of small businesses and midsize companies to suite offeringsSAP serves as a standard in the industries like chemicals, customer products & oil. The SAP group has offices in more than 50 countries worldwide & employs a workforce of over 19300.
SAP
SAPs ERP package comes in 2 versions i.e. mainframe version (SAP R/1 ,SAP R/2) & client server version (SAP R/3).(R-Real) With SAP, customers can install the core system & one or more of the fundamental components, or purchase the software as a complete package. for global organizations. SAP has developed extensive library of more than 800 predefined business processes. These processes may be selected from SAP library & can be included within installed SAP application solution to suit the user exact requirements.
BaanFrontOffice
Sales order management rocurement Inventory Warehousing Project Management Manufacturing Sales Management Marketing Management Call Center Product Configuration
BaanMaintenance BaanService
FINANCIALS
SCM Procurement Manufacturing Order management Product lifecycle management Supply Chain Execution & Planning Logistics
General ledger Assets Cash management Payables / receivables Financial analyzer Enterprise planning & budgeting
Oracle
Oracle is direct competition of SAP and is intent on snaring the lead from SAP. The latest moves of the software giant that include the acquisition of PeopleSoft and Siebel Systems allowed for Oracle to position its software well. This software is known for the flexibility it offers to customers.
Oracle
ORACLE software runs on the network computers, work stations & micro computers, mini computers, etc. ORACLE 8i is the leading database for internet computing. ORACLE database ALLOWS the corporation to access on any data, on any service, over any network, from any client device
Oracle application consists of 45 plus software modules which are divided into following categories Oracle Financials Oracle Human Resource Oracle Projects Oracle Manufacturing Oracle Supply Chain Oracle Front Office
Microsoft Dynamics
This is another solid player when it comes to ERP and serves more than 80,000 customers. This ERP provider offers its end users with the Customer Relations Management software and the business solutions tools that can help facilitate the flow of communications from one business to the next or from a business to its captive consumers. If SAP is high end, then Microsoft ERP is packaged just a few levels below when it comes to cost.
Customer Payments
Legal requirements and job information, payroll and benefit expense data
HR
Cost/profit analysis
SCM
M/S
The finance module of most ERP systems will have the following sub systems
1. Financial Accounting
for company wide control and integration of financial information that is essential to strategic decision making. It provides ability to centrally track financial accounting within an international framework of multiple companies, languages, currencies and charts of accounts.
2. General Ledger
The GL is essential both to financial accounting system and to strategic decision making. The GL supports all the functions needed in a financial accounting system. This includes flexible structuring of the chart of accounts at group and company level, distributed application scenarios, real time simultaneous update of sub ledgers and the GL, elimination of time consuming, and parallel views of data in both GL and managerial accounting applications.
Example of GL
Example of GL
3. Accounts Receivables
records all account postings generated as a result of Customer sales activity. These postings are automatically updated in the General Ledger . The Accounts Receivable Module also integrates with the General ledger, Sales and Distribution, and Cash Management Modules.
4.Account Payable
records account postings generated as a result of Vendor purchasing activity. Automatic postings are generated in the General Ledger as well. Payment programs within SAP enables the payment of payable documents by check, EDI(Electronic Data Interchange), or transfers.
5. Asset Accounting
for companys fixed assets management. It is sub ledger to GL, providing detailed information on asset related transactions. SAP allows you to categorize assets and to set values for depreciation calculations in each asset class. Asset accounting also provides integration with plant maintenance for management of machinery and equipment, management of leased assets and assets under construction, and interactive reporting
6. Legal Consolidation
Using different valuation methods , company can plan balance sheet strategies to suit its requirements. The sub system is closely linked to the financial accounting system, permitting direct data transfer from individual statements into the consolidated statements required by the law These statements provide an overview of the financial position of the company as a whole
7. Controlling
controlling system gathers the functions required for effective internal cost accounting. It offers a versatile information system with standard reports and analysis path for the most common questions. In addition there are features for creating custom reports to supplement standard reports
SAP ERP Financials provides the foundation to quickly read, evaluate, and respond to changing business conditions with accurate, reconciled and timely financial data. With SAP ERP Financials, you can streamline accounting, consolidation, process scheduling, workflow, and collaboration.