Perspective on International Trade – Meaning and Important Concepts
International trades between countries and across continents have existed for centuries including previous civilizations. Traditionally international trade consisted of traded goods like textile, food items, spices, precious metals, precious stones, and objects of art and various items across the borders. Everybody has heard of the silk route as well as amber road and other famous […]
Situations Warranting Business Process Improvement
Business Process Improvement programs when designed with specific objectives and sponsored and facilitated by the senior management including Business Unit heads yields the desired results. Organizations use BPI as a tool to raise the bar and take their business operations to another level. BPI as a tool for effecting change management is effective especially when […]
Crackdown on Indian Credit Rating Firms
Credit rating industries are part of a closely held industry. For years, this has worked in favor of these agencies since they have to face less competition. However, these agencies are also the first ones to get blamed after every financial crisis. It is a known fact that no one can really predict a market […]
The Financial Effects of an Indo-Pak War
The relations between India and Pakistan have never really been cordial. Ever, since the Islamic Republic of Pakistan was carved out of British India, the two countries have been at loggerheads. The countries have fought four wars until now, and the disputed territory of Kashmir has been at the centre of three of those wars. […]
Limitations & Disadvantages of Decision Support Systems
Limitations of Decision Support Systems Decision support systems have been incorporated into businesses to support human intelligence for years. However, these systems are not perfect. Although DSSs stop a decision maker from promoting a bias, they simply aid in decision making by offering useful insights into easily consumable bites. The idea is to present all […]
Enterprise resource planning has been the forefront in providing efficiency and productivity solution to the companies all over the world. In the global and competitive environment, it is essential for companies to have some sort of ERP in place. Enterprise resource planning ensures that deployment of resources take place, and company can monitor them on a real-time basis.
The top 5 ERP Solution providers not in a particular order are Epicor, Infor, Microsoft, Oracle and SAP.
The small business market is dominated by the Microsoft ERP products. Since 2000, the company has acquired a string of companies, which has added to value to its ERP portfolio.
Epicor and Infor both are strong players in the middle market. Epicor is very robust in financial services, hospitality, retail, etc. sectors.
SAP is the world leader in this market because it provides superb accounting solution software, which tightly integrated all major departments throughout the company. Oracle through acquisition of PeoplSoft has emerged a strong force in ERP market.
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Communication Systems and Groupware – Information System Concepts that Apply in All Functional Areas of Business
February 12, 2025
