Behind every thriving product-centric organization is a modern cloud ERP solution. If you are not thriving and do not have SaaS and cloud-enabled software, now is the time. IDC’s new vendor assessment report will help you research your options—which you can get for free through Acumatica.
IDC, the premier global provider of market intelligence, advisory services, and events for the information and technology industry, has once again released its annual comprehensive report comparing SaaS ERP and cloud-enabled operational ERP solution vendors. Technology buyers tasked with finding a cloud ERP solution will find downloading IDC MarketScape: Worldwide SaaS and Cloud-Enabled Operational ERP Applications 2019 Vendor Assessment the perfect starting point for their ERP evaluation process.
SaaS and cloud ERP software selection made easy
Perhaps the subtitle for this section should be “SaaS and cloud ERP software selection made easier.” There is no way to choose the right SaaS cloud ERP solution without putting in the work. The ERP evaluation portion alone is a time-consuming job, if you do it right.
Thankfully, IDC’s free report does most of the leg work for you, assessing 13 SaaS and cloud-enabled operational providers and their ERP technology based on vendor surveys/interviews, public information, and end-user experiences (covering the vendors’ technical support, account management, marketing message, ease of integration, ROI, and more). The report includes the IDC MarketScape Graph, which measures success by the vendors’ capabilities and strategies and specifies how IDC weighed their strategy and capability criteria.
According to Mickey North Rizza, IDC program VP, Enterprise Applications and Digital Commerce, “The SaaS and cloud-enabled operational ERP market is a mix of vendors with varying capabilities. It is critical that organizations select the right technology partner to help run the business for the long term.”
To help you make the right choice, the authors put together a thorough report. Here is an overview of what they have to say about:
- Digital transformation: To compete in the digital economy, companies must embrace digital transformation and its transformative power regarding decision making and business outcomes. “Digitally transformed businesses have a repeatable set of practices and disciplines used to leverage new businesses, 3rd Platform technologies, and operating models to disrupt businesses, customers, and markets in pursuit of business performance and growth.” Moving from legacy ERP and back-office systems to SaaS and cloud-enabled software is one of the outcomes of digital transformation.
- SaaS and cloud-enabled software: Flexible and agile financial applications, analyzing data in real time, ease of use, speed (and more) are benefits of SaaS and cloud ERP IDC says today’s COO, CFO, CIO, and IT buyer need to choose wisely by comparing their vendor options.
- Operational ERP: Manufacturing, distribution and retail businesses utilize operational modules within their ERP systems (e.g. order management, finance, procurement, enterprise asset management (EAM), manufacturing, and supply chain) to become more efficient. “In today’s fast-paced global business environment, successfully managing the operation’s processes to meet the organization’s financial obligations is essential.” With the complexity of company operations, IDC discusses the top five operational challenges, two of which are key metrics and manual processes.
- Robots, machine learning (ML), and embedded intelligence: The authors note that as digital transformation strategies come in to play, so to do changes within operational ERP applications. This includes the rise of robotic process automation (RPA) (e.g. to help with forecasting, error reconciliation, approval/exception resolution, and data reporting; machine learning (ML) (e.g. to help with streamlining key financial processes); and embedded intelligence (e.g. to help eliminate manual tasks and save time).
In addition to IDC’s take on these important subjects, the report also provides 16 questions you should be asking before choosing your SaaS and cloud ERP software. Two example questions are, “Does the vendor have experience with my type of product, company size, and operation’s requirements?” and “Is the vendor committed to this market for the long term?”
Acumatica cloud ERP a Major Player
By downloading IDC MarketScape: Worldwide SaaS and Cloud-Enabled Operational ERP Applications 2019 Vendor Assessment, you’ll have the information you’ll need to evaluate cloud ERP vendors, including Acumatica cloud ERP. Acumatica’s modern platform, multi-entity transactions, and 3rd Platform and innovation investments were strengths noted by IDC, positioning Acumatica as a Major Player.
As Rizza says, “It is imperative in today’s fast-paced global business environment that organizations manage the operation’s processes to meet the organization’s financial obligations, and this includes product-centric organizations relying on operational ERP.”
Making the right ERP software selection means the difference between keeping up with your organization’s operational and financial needs or falling behind. We hope you will take time to read the report and see how Acumatica’s easy to use and award-winning cloud ERP software stacks up against the competition. You can also contact our experts with any questions or to schedule a demonstration.