Emerging newcomers

The ERP (Enterprise Resource Planning) market has traditionally been dominated by established players such as SAP, Oracle, and Microsoft Dynamics. However, in recent years, newcomers have emerged that are challenging the established players and disrupting the market. Here are some examples of the new competition ERP leaders are facing from newcomers:

  1. Cloud-based ERP solutions: Cloud-based ERP solutions are becoming increasingly popular, particularly among small and medium-sized businesses (SMBs). These solutions offer businesses an alternative to the high upfront costs of traditional ERP systems, as well as the flexibility and scalability of cloud computing. Newcomers such as NetSuite, Acumatica, and Intacct have built cloud-based ERP systems that are gaining popularity.
  2. Industry-specific ERP solutions: ERP leaders have traditionally offered broad, all-encompassing solutions that can be customized to meet the needs of different industries. However, newcomers such as Plex Systems and Rootstock have developed industry-specific ERP solutions that are tailored to the needs of manufacturing and supply chain businesses, respectively.
  3. Low-code/no-code ERP solutions: Newcomers such as Zoho and Odoo are offering low-code and no-code ERP solutions that allow businesses to customize their ERP systems without needing specialized technical skills. This is a departure from the traditional approach of ERP leaders, which typically require significant customization to tailor the system to a business’s specific needs.
  4. Open-source ERP solutions: Open-source ERP solutions, such as OpenERP and ERPNext, have emerged as an alternative to proprietary ERP systems. These solutions are free to use and can be customized to meet a business’s specific needs, which can be particularly attractive to SMBs with limited budgets.
  5. Artificial intelligence-powered ERP solutions: Newcomers such as Root AI are offering ERP solutions that leverage artificial intelligence and machine learning to automate business processes and gain insights from data. This is a departure from traditional ERP systems, which rely on manual data entry and reporting.

In summary, newcomers are challenging ERP leaders in several ways, including by offering cloud-based, industry-specific, low-code/no-code, open-source, and artificial intelligence-powered ERP solutions. These newcomers are disrupting the traditional ERP market and providing businesses with new options for managing their operations.

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