ERP software is a finance and accounting specific business software which processes various components of business like offline features of accounts payable and receivable, general ledger and fixed asset accounting, along with online roles of invoicing, factoring, electronic payments and financial reporting.
ERP Services and Operations Management includes various unified applications and collections designed with the intention to power a variety of business methods including back-office operations, financial management, sales order capture and customer information management. ERP software also covers non-conventional functions including Environment, Health and Safety, Governance, Risk and Compliance, as well as industry-specific requests for 21 verticals.
The ERP applications market comprises of both ERP Financial Management as well as ERP Services and Operations. Currently, in the ERP FM market, industry-specific ERP applications exercise substantial impact over the track to be taken by enterprise applications market, but growth in this sector of the market remains stunted because of the ingrained existence of legacy systems.
According to global market surveys, the top 10 ERP software companies made up nearly 28.5% of the global ERP applications market in 2016. Subsequently, this grew by 1.4% to make nearly $82.2 billion in the license, maintenance and subscription revenues. In 2016, SAP led the market with approximately 7% market share and $5.6 billion in ERP product profits, with a 4% jump in license, maintenance and subscription proceeds. FIS Global was next in line, followed by Oracle, Fiserv and Intuit respectively.
Given below are the top 10 ERP software companies in the world:
Headquartered in Walldorf, Germany and located in various high-tech clusters around the world, SAP SE is the largest vendor of ERP software applications. SAP serves more than 335,000 customers in 190 countries with an estimation that 75% of all international commercial dealings come in contact with an SAP system. The company provides on-premises, cloud and fusion deployment models, with cloud computing options. Its primary focus for growth resides on internal revolution by developing and improving its own products. As of October 2017, SAP has contracted more than 6,900 clients for its next-generation ERP suite S/4 HANA.
Headquartered in Jacksonville, Florida, FIS is a Fortune 500 Company, serving more than 20,000 clients in over 130 countries, driving billions of transactions yearly moving over $9 trillion globally. FIS serves a choice of patrons counting major banks, top asset administrators and some of the largest private-equity firms and insurance corporations by providing financial, treasury and risk administration and trade processing applications over the private Cloud. In a month, FIS trades 35 billion shares over its connectivity network and processes more than 325 million securities business accounting transactions per annum. In 2017, FIS retailed SunGard’s Public Sector and Education business for $850 million to Vista Equity Partners.
Oracle is an American MNC specializing in computer technology. It is headquartered in Redwood Shores, California and employs approximately 138,000 personnel. The company offers free trials and simple pricing, with initiatives to increase customer experience by putting its global Cloud global service and support operations under a single umbrella, amounting to 15,000 resources speaking 27 different languages. In 2017, Oracle presented above-average growth tolls in Software As A Service (SaaS) products with a 60% revenue increase and Platform As A Service (PaaS) products rising about 205%. Along with this, Oracle is boosting its venture in Infrastructure As A Service (IaaS) by appointing a huge number of developers for Oracle Cloud. Oracle is now able to merge together its gains with significant cross-selling and upselling prospects due to 14,000 active SaaS clients using their products. Also, its ERP Cloud customers are picking up HCM or CX Cloud and are accessing the vendor’s PaaS offerings such as Data As A Service, whereby the attached rate is also rising fast. Oracle bought Moat, the fastest-growing digital dimension cloud company in 2017, along with a $1.2-billion purchase of Aconex, an Australian-based Cloud ERP for construction vertical, in early 2018.
Fiserv Incorporation is a US-based financial services technology provider headquartered in Brookfield, Wisconsin and has clients including banks, credit unions, security broker-dealers, leasing and finance companies, retailers, etc. They mainly target the sectors of Core banking and eCommerce sales. In recent years it has also chosen to focus on marketing comprehensive and end-to-end integrated solutions for risk management to financial institutions – covering financial hazard management tools for measuring and managing interest rate risk and simulating accruals, cash flows and defaults for all instruments. Fiserv also treasury management allowing straight-through processing to manage the treasury, trading and core processing operations with a solitary system that it remarkets from SunGard. In 2016, it acquired CFS hosting business from ACI Worldwide.
Intuit Incorporation is a company with its headquarters in Mountain View, California and has offices in eight other countries around the world. It is estimated that approximately 95% of its revenues and earnings come from its activities within the United States. It has engraved a noteworthy part of its business market with its popular accounting and ERP package, Quickbooks. Currently, Intuit runs 33 applications, 26 services and eight tools on AWS. Intuit’s QuickBooks Online product has already crossed more than 1 million paid subscribers in June 2015. The company moved all of its offerings to the cloud and launched Intuit Workforce – a product helping companies reorganize working with on-demand talent in September 2015. This is the result of Intuit’s acquisition of Playbook HR in March 2015. Recently, Intuit has honed its focus on QuickBooks after stripping its noncore products and has converted QuickBooks into a subscription-only model.
Headquartered in Kansas City, Missouri, Cerner Corporation specializes in healthcare and clinical systems and is one of the major providers of business management systems for hospitals – helping them accomplish all the aspects of their operations. Cerner already delivers on-premise systems and currently has been investing heavily in hosting, Cloud deployment as well as managed services. In 2015, Cerner’s standing was strengthened with the $1.3-billion acquisition of Siemens Health Services.
Microsoft Corporation is an American technology MNC with headquarters in Redmond, Washington. It rebranded its CRM and ERP products as Dynamics 365, in 2016. The arrival of Dynamics 365 set Microsoft’s vision of bringing out an assortment of Cloud services intended for different uses and gave a rise in the revenues by 9%, which jumped 78% in its fiscal 2017. Still, Microsoft’s major cash flow comes from its Office franchise with 1.2 billion users around the world, with its on-premise revenues including both Commercial and Consumer releases being at least four times the scope of their Cloud counterparts. In December 2016, Microsoft purchased LinkedIn for $26-billion, making that its biggest acquisition ever, which tipped the makeup of its enterprise applications profits in Cloud services’ favor.
Headquartered in New York City, New York, Infor is a multi-national privately held enterprise software company that embraces the Cloud with enthusiasm. It has engaged nearly 9,000 Cloud customers with approximately 71 million users. In April 2017, Infor attained Birst for its Cloud-based analytics applications and by mid-2017, more than half of its reservations are a result of its Cloud products. It, then, rewrote its Cloud Suite for various verticals and horizontal pillars like ERP and HCM to include the latest user interface enhancements and security features. In October 2017, Infor’s Cloud subscription revenues jumped roughly 30%.
SS&C Technologies is headquartered in Windsor, Connecticut and primarily marks buy-side clients like investment managers and hedge funds in North America, Asia and Europe. Making dozens of acquisitions since 1995 has made the company one of the foremost applications retailers for the financial service business. SS&C acquired Portia for middle-to-back office abilities in 2012 permitting investment executives to track and manage day-to-day portfolio movement, and GlobeOp Financial for Cloud-based deposit services for established investors. Then, they established and released Precision LM, an inclusive profitable and marketable loan origination and servicing system, including presentation and tax optimization modules with their real-time mobility technology allowing their clients to verify cash movements and examine other operational details from their devices. Moreover, in 2015, SS&C developed a new family wealth platform. The newest SS&C Advent improvements are focused on refining operational competence and streamline financial reporting for local and global amenability necessities.
Ericsson is a Swedish international networking and communications company headquartered in Stockholm and provides solutions to improve support system operators, by handling activities related to personalized end-user offerings and income organization solutions. Ericsson assimilated Envivio, in October 2015, to progress its television and media solutions and boost its support solutions section, which contains OSS (operations support system) & BSS (business support system) and mobile commerce.
In April 2016, Ericsson attained NodePrime, which is a San Francisco-based start-up that assists in enterprising and managing their data centers. The Ericsson creation collection also has the Apcera Platform – an extremely safe, policy-driven software platform to sanction a new age of application distribution and cloud economics for global initiatives and operators. It provides a widespread and exposed API to allow accurate integration into wider networks of complimentary amenities. More recently, Ericsson is preparing for the next BSS and OSS advancement set of its telco customers.
The above list of top 10 ERP companies in the world provides an insight into the corporations’ past products and give us all the information regarding the current as well as the future focus of the organizations. This allows various buyers and clientele to consider these top companies’ softwares for their businesses, according to the needs, budgets and requirements of the clients.