Middle East ERP soars

ERP solutions provider, ICICI Infotech Middle East & Africa, experienced 52% year-on-year growth in 2004. The company’s forecast for the ERP sector in MEA market reflects confidence with budget expectations predicted at 60 - 70% growth for 2004-05.

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By  Alicia Buller Published  August 3, 2004

ERP solutions provider, ICICI Infotech Middle East & Africa, experienced 52% year-on-year growth in 2004. The company’s forecast for the ERP sector in MEA market reflects confidence with budget expectations predicted at 60 - 70% growth for 2004-05. “Since the ERP market slowdown in 2001-2002, there has been a steady increase in demand for proven ERP solutions in the region. SMB’s (small and medium businesses) are investing in end-to-end integrated solutions now that they understand the importance of better business and cost controls to ensure longevity and competitive edge,” comments Hari Padmanabhan, executive director & president, ICICI Infotech. Madar Research Group has also recently predicted massive growth in the ERP MEA market, as more organisations across the region, leverage advanced business software to ensure growth. “Businesses in the market are looking for ERP solutions that have incorporated business-specific best practices and demonstrate a better understanding of the nuances of the business, the processes and cycles involved,” says Hari. “Bundled all-in-one solutions are the future. The SMB sector is on the look out for a solution that maps the specific demands of their industry, while carrying a fixed price tag and fixed implementation time. Micro-verticalization is the future watchword for the ERP industry,” he adds.

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