In Ramco Systems Ltd, a leading software company focused on consulting, products and managed services, has been witnessing significant traction for its public cloud ERP offering Ramco OnDemand ERP in India. The company currently has over 3000 users from 300+ customer organisations on the cloud.
SaaS in India is on a growth curve and Gartner estimates that there are over 500 user organizations that have adopted SaaS based ERP in India. ERP and CRM SaaS applications constitute approximately 60% of the Indian SaaS market share. SaaS action today is clearly in the SMB segment, while larger enterprises are in a wait-and-watch mode, due to the complex integrations in their existing applications and legacy systems. The large presence of over 85,000 SMBs in India presents significant opportunities for SaaS.
Ramco has been steadily growing its footprint in the SaaS based ERP market. The company recently launched its SaaS based ERP offering for the Aviation, Aerospace and Defense industry primarily targeting the US market. The company plans to run a series of cluster-focused events across major cities in India. The aim is to accelerate efforts towards becoming a major player in the segment in India and subsequently in the globe.
According to Mr. Kamesh Ramamoorthy, COO, Ramco Systems Limited, The OnDemand business model offers compelling value propositions to customers since it breaks all barriers of a conventional ERP solution. Particularly in the SMB sector, this has appealed to industries that seek to upgrade their business process but do not have the capital or the technological know-how.
Ramco OnDemand ERP supports the functionalities required for industry verticals such as Discrete Manufacturing (Auto & Auto component Manufacturers, Electronics & Engineering, Manufacturing Industries), Trading (wholesale & Distribution), Services, Leather, Power Generation, Food processing, and Dairy.
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