Regional organizations urged to increase ERP Investment
Exact Software, a leading manufacturer of enterprise resource planning (ERP) solutions, Wednesday urged organizations in the Middle East to be forward thinking in their choice of business software in order to effectively capitalize on growth potential, after research revealed that ERP spending in the region is set to soar.
Recently released figures suggest that the market for ERP solutions is growing steadily as IT decision-makers become aware of the real businesses advantages of deploying integrated systems. Middle East based Madar Research Group estimates that the GCC’s ERP sector was worth US$134 million at the end of 2003, while global IT analysts IDC have predicted that the figure for 2004 will be markedly higher at US$158 million.
“These figures are encouraging, in that they indicate healthy growth for the ERP market, but the region’s technology sector is one of the most dynamic in the world, and there is the potential for much more investment,” said Nizar Badwan, general manager, Exact Software Middle East.
IT decision makers need to assess whether the data management systems they have in place will sufficiently manage an upturn in company growth, Badwan added. “Growing businesses need an effective and reliable IT solution in place in order to fully maximize their development potential. Preparation is key to ensuring business success,” he said.
“It is vital for organizations to examine their ERP systems ahead of time, and implement any necessary changes in readiness for an upturn. The business benefits are obvious – improved business continuity and greater profitability.” (menareport.com)
© 2004 Mena Report (www.menareport.com)
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