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DUBAI, UAE, April 20, 2021 /PRNewswire/ — Odoo, a leader in open source all-in-one business software, announced that they have grown their Middle East office exponentially in the past year, despite the pandemic. In fall of 2018, two people from Odoo’s headquarter team in Belgium landed in Dubai as part of their commitment to expand in the region, and grow the company’s presence in the Middle East. Fast forward to today, Odoo Middle East DMCC celebrates reaching their 140th employee mark, further supporting the brand’s rapid product development pace and continued regional expansion, with plans to reach 200+ employees in their office by the end of 2021.
When Covid-19 hit the world in the beginning of 2020, many organizations and employees braced themselves during the unprecedented times. Odoo, leaning on its own software, continued to run their business, grasping market opportunities, and assisting their regional clients and partners to grow their own businesses. Optimal strategies taken up by Odoo, allowed the office to grow both in number of staff as well as clients. Currently supporting 600,000+ users in the Middle East with its business applications, including renowned companies such as PepsiCo, KFC, Geely Auto Group, MoTeC Middle East, STRATA, and Morgan International. Odoo’s unique value proposition is for its Apps to be user-friendly and fully integrated. Working with their expanding partner network, that despite the challenges posed by the pandemic grew by over 40% to 430+ partners in the region, has helped form new streams of revenue for companies hit by COVID-19. 
With more than 5 million users worldwide, Odoo’s solutions are designed to support businesses of all sizes, with a flexible suite of Apps to run and manage all aspects of a business. Odoo’s functionality encompasses traditional ERP, including accounting, stock, and CRM, as well as broader business needs such as project management, marketing, human resources, website, eCommerce, and more. With a modular approach, Odoo provides affordable and easy-to-use software that scales with business needs as a company grows.
Odoo operates with an open core business model, a model based on community, knowledge sharing, and transparency. While traditional ERP is expensive and frequently fails to adapt to the unique needs of a business, Odoo focused on listening to the companies they help serve. Providing solutions that fit the businesses in the Middle East, helping them bridge the gap between different departments.
With revenue growth consistently above 50% over the last ten years, Odoo is a leading technology success story, operating international offices in Belgium, Luxembourg, USA, India, Mexico, Hong Kong, and Dubai, simplifying the way businesses operate globally. With its flexible suite of applications and a relentless focus on product, Odoo is ideally positioned to capture a compelling market opportunity, recruit top talent for their regional headquarter, and provide the necessary tools for regional companies to run their businesses successfully.
About Odoo
Odoo is a leading provider of all-in-one open source business software for companies worldwide ranging from startups (1 user) to large enterprises (300,000+ users). Founded in 2005, Odoo thrives in a unique and fully open ecosystem combining the resources of its community and partners to deliver a full range of easy-to-use, integrated, and scalable business applications. The software is available online on www.odoo.com
SOURCE Odoo Middle East DMCC
https://www.odoo.com/

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How to install the Odoo ERP/CRM platform on Ubuntu Server 20.04
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Adding an ERP/CRM solution to your company workflow can make a huge difference in productivity. Jack Wallen shows you how to deploy the open-source Odoo system to fill this void.
Odoo was once known as Open ERP and TinyERP and served as a complete Enterprise Resource Planning and Customer Relationship Management solution in one powerful, open-source package. Odoo includes all of the features you require for ERP/CRM, such as:
Odoo can be used for retail, services, operations, finance, marketing, development, and more and is scalable and extendable (with thousands of installable apps).
I want to walk you through the installation of Odoo on my go-to server of choice, Ubuntu Server 20.04.
SEE: 40+ open source and Linux terms you need to know (TechRepublic Premium)
The only things you’ll need to make this work are a running instance of Ubuntu Server 20.04 and a user with sudo privileges. That’s it, let’s get to work.
The first thing we’re going to do is install the necessary dependencies. Log into your server and install these packages with:
sudo apt-get install git python3-pip build-essential wget python3-dev python3-venv python3-wheel libxslt-dev libzip-dev libldap2-dev libsasl2-dev python3-setuptools node-less postgresql -y
We need to create a Linux user and a PostgreSQL user. First, create the Linux user with the command:
sudo useradd -m -d /opt/odoo -U -r -s /bin/bash odoo
Next, create the PostgreSQL user with:
sudo su - postgres -c "createuser -s odoo"
We’re now ready to install the system itself. Change to the odoo user with the command:
sudo su - odoo
Next, use git to clone the latest branch of Odoo (at the time of this writing, it’s 15):
git clone https://www.github.com/odoo/odoo --depth 1 --branch 15.0 /opt/odoo/odoo15
Change into the newly created directory with:
cd /opt/odoo
Create a new virtual Python environment with:
python3 -m venv odoo15-venv
Activate the new environment with the command:
source odoo15-venv/bin/activate
Install the required Python modules with the following commands:
pip3 install wheel
pip3 install -r odoo15/requirements.txt
The second command above will take anywhere from 5-10 minutes to complete, so either watch the output fly by or go take care of another admin task. Once the commands are finished, deactivate the environment and exit from the odoo user with:
deactivate
exit
To enable the Odoo add-on system, we need to create a directory to house the downloaded files. Create the directory and give it the necessary permissions with:
sudo mkdir /opt/odoo/odoo15-custom-addons
sudo chown odoo: /opt/odoo/odoo15-custom-addons
Copy the default configuration file into /etc with the command:
sudo cp /opt/odoo/odoo15/debian/odoo.conf /etc/odoo15.conf
Open the config file for editing with:
sudo nano /etc/odoo15.conf
Edit that file so it looks like the following:
[options]
; This is the password that allows database operations:
admin_passwd = PASSWORD
db_host = False
db_port = False
db_user = odoo
db_password = False
addons_path = /opt/odoo/odoo15/addons
Where PASSWORD is a strong/unique password.
Save and close the file.
We now must create a systemd service file with:
sudo nano /etc/systemd/system/odoo15.service
 </codeIn that file, paste the following:
[Unit]
Description=Odoo15
Requires=postgresql.service
After=network.target postgresql.service
 
[Service]
Type=simple
SyslogIdentifier=odoo15
PermissionsStartOnly=true
User=odoo
Group=odoo
ExecStart=/opt/odoo/odoo15-venv/bin/python3 /opt/odoo/odoo15/odoo-bin -c /etc/odoo15.conf
StandardOutput=journal+console
 
[Install]
WantedBy=multi-user.target
Save and close the file. Reload the systemd daemon with:
sudo systemctl daemon-reload
Start and enable the Odoo service with:
sudo systemctl enable --now odoo15
Odoo is now installed and running on your server. Open a web browser and point it to http://SERVER:8069 (Where SERVER is either the IP address or domain of the hosting server). You will be prompted to fill out information for the creation of a new database (Figure A).
Figure A
Make sure you copy down the random password generated for the database (or opt to use your own password). You might want to also check the box for Demo data (especially if this is your first time using Odoo).
Click Create database and the installation will complete. When it’s finished, you’ll find yourself on the Odoo Apps page (Figure B), where you can begin selecting the apps you want to install to complete your new CRM/ERP solution.
Figure B
One of the first things you’ll want to do is edit the default admin user, which is listed as Mitchel Admin and includes a random photo. To do this, click on the four squares icon in the top left and click Settings. In the resulting window (Figure C), click Manage users.
Figure C
Click on the Mitchel Admin listing and then click Edit. You can now change the name of the admin user, add a photo, and manage the access rights, preferences, and security for the account (Figure D).
Figure D
Congratulations, you have a running CRM/ERP tool that can be expanded to fill many roles for your company.
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How to install the Odoo ERP/CRM platform on Ubuntu Server 20.04
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SaaS ERP software appeals to many companies because of the perceived reduction in support costs. However, some organizations considering SaaS ERP may find a system isn’t a perfect fit and begin looking into customization. Company leaders should be aware of customization’s advantages and disadvantages before embarking on it.
One of SaaS ERP software’s biggest benefits is that it’s generally ready for use once an organization selects it. Some software may require some basic configurations up front, but organizations can generally use it out of the box, and it can support companies that specialize in manufacturing, retail, accounting and other areas. However, some organizations may opt to customize their platform to add needed support for additional data elements and automations. 
Here’s what to consider when deciding on SaaS ERP customization vs. out of the box.
Organizations looking to minimize their ERP costs should likely use SaaS ERP out of the box. Doing so can also increase platform adoption speed, as the company won’t need to wait for the system customization.
In addition, the organization can use the SaaS ERP vendor’s training material and videos without needing to modify them, since the company is adopting the system as is. That will also improve turnaround time for adoption and user training.
However, the lack of customization means companies may need to redesign their unique business processes around their SaaS ERP.
Some companies decide that the out-of-the-box SaaS ERP system is insufficient for their business needs and move forward with customization. Customization involves developing additional integrations, tools and reports or making some system changes. For example, a manufacturer may decide to customize some of their SaaS ERP inventory forms to provide support for additional custom fields that track specific items such as allergens, unit of measure or expiration date.
However, one disadvantage of customizing SaaS ERP is the process length. In addition, when the ERP vendor releases new updates, the updates may conflict with a company’s custom code. When ERP vendors release new software versions, third-party integrators must often scramble to test their code and functionality with the newer versions. While this usually happens over a long period of time, allowing users and vendors to test and upgrade their code, application errors and crashes can occur due to unsupported code.
Companies considering SaaS ERP customization should also look into the costs of code changes. Code changes generally require integration vendors that develop and support the customization.
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For decades, traditional ERP systems have enabled enterprises to run core business processes on a single platform that delivered stability, reliability, and dependability. But the monolithic, on-premises ERP has since become an outdated approach.
Today, companies embracing digital transformation seek the flexibility, agility, speed, and remote access to applications that comes with cloud-based systems. And they are looking ahead to what Gartner calls “composable” ERP, an approach based on the concept of running apps on highly configurable, interoperable, and flexible software platforms.
In putting together our list of the 10 most powerful ERP vendors, we took the size of the vendor into account, but also evaluated vendors on their cloud strategy and how their vision for the future of ERP is shaping the market. The inclusion of vendors not traditionally thought of as ERP powerhouses underscores how the cloud and evolving digital strategies are blurring traditional enterprise software category lines and reshaping the battle for enterprise dollars.
Why they’re here: Oracle sits at No. 2 in market share but is aggressively coming after market leader SAP with two cloud-native offerings. Oracle NetSuite ERP, the result of Oracle’s purchase of NetSuite in 2016, is targeted mostly at midrange businesses. Oracle Fusion Cloud ERP, built by Oracle from the ground up, is a broad platform that can accommodate the largest global enterprise. Gartner puts Fusion Cloud ERP in the top leadership position in its latest Magic Quadrant for product-centric ERP.
Power moves: In late 2021, Oracle announced its biggest acquisition ever, the $28.3 billion purchase of electronic healthcare records company Cerner Corp. The move gives Oracle a major foothold in the fast-growing healthcare industry.
By the numbers: Oracle’s annual cloud ERP revenue is roughly $5 billion. Chairman and CTO Larry Ellison predicts it could hit $20 billion in five years.
Outlook: Oracle’s ERP business is a bright spot for the company. When earnings were announced in December, CEO Safra Catz said, “We now have 8,500 Fusion ERP customers with revenue growing 35% and 28,400 NetSuite ERP customers with revenue growing 29%.” Ellison noted that Oracle is not only winning new customers but still has a captive audience of 6,500 on-prem legacy ERP customers (from its acquisitions of JD Edwards and PeopleSoft) that it plans to transition to the cloud.
Why they’re here: German juggernaut SAP is the runaway market leader with annual revenue approaching $30 billion. But most of SAP’s massive installed base is still running on-premises ERP. The challenge facing SAP is how to compete against the upstart cloud-only ERP vendors and convince S4/HANA customers not to jump ship, but to jump to the SAP cloud.
Power moves: In late January, SAP bought a majority stake in privately held US fintech firm Taulia. The move will help SAP expand its presence in supply chain financing.
By the numbers: 74: The number of acquisitions SAP has made over the years.  
Outlook: Says Nucleus Research analyst Trevor White, “While slower than others to embrace the cloud, SAP has now committed to the cloud’s future, providing a clear and modern roadmap for enterprise clients.” SAP recently launched a program called Rise, which helps customers with their cloud migration and digital transformation efforts. Those efforts seem to be paying off. SAP’s cloud revenue rose around 25% and CEO Christian Klein predicts that by 2025, SAP will have $25 billion in cloud revenue.
Why they’re here: Microsoft has become an ERP powerhouse with its broad line of Dynamics products targeted mostly at small to midsize businesses, and available in on-prem or cloud iterations. The obvious advantage that Microsoft has is its ability to integrate ERP business processes with other productivity tools in the Microsoft arsenal, such as Office, Teams, Outlook, Power BI, the SQL Server database, and, of course, the powerful analytics available in the Azure cloud.
Power moves: Microsoft recently purchased Orions Systems, a leader in the real-time analysis of video and image content. The technology enables Microsoft to expand the capabilities of Dynamics 365 for brick-and-mortar retailers.
By the numbers: Dynamics revenue grew 29% year-over-year, while Dynamics 365 (cloud-based) revenue jumped 45%, according to the company’s latest earnings report.
Outlook: The immediate effects of the pandemic — the shift to remote work, the migration of business apps to the cloud, the increased need for collaboration tools — played right into Microsoft’s strengths. The longer-term impact of the pandemic has been for organizations to rethink their business processes, which again plays into Microsoft’s ability to take basic ERP and add collaboration, data visualization, and AI.
Why they’re here: Workday started out as a SaaS-based Human Capital Management (HCM) application, but the company has filled out its portfolio to include financial management and enterprise planning primarily for service-based rather than product-based organizations. Workday execs like to talk about killing off the term “ERP” altogether and replacing it with “enterprise management cloud.”
Power moves: In 2021, Workday bought VNDLY, a company that helps organizations manage contractors and other third parties.
By the numbers: $510 million: The amount Workday spent to buy VINDLY.
Outlook: Workday doesn’t have the broad, industry-specific sets of ERP modules that the legacy vendors can offer, particularly in areas such as supply chain and manufacturing. But it has positioned itself as a powerful challenger looking to shake up the staid world of ERP with a cloud-only, best-of-breed alternative in the areas of financials, HR, payroll, and planning. Workday’s revenue has been growing at a steady 25% clip and annual revenue tops $4 billion.
Why they’re here: Sometimes viewed as the low-cost alternative to Oracle and SAP, the Sage Group is hoping to kickstart revenue growth after treading water at around $2.5 billion over the past few years. The company has built out its own cloud platform and is expanding its product lines beyond accounting and payroll for small businesses, where Gartner rates Sage Intacct a visionary. Under the Sage X3 brand, the company is moving to supply chain management, manufacturing, and sales.
Power moves: In late 2021, Sage bought Brightpearl, which features both ERP and CRM software specifically for retailers.
By the numbers: $300 million. The amount Sage paid for Brightpearl.
Outlook: Sage is taking an aggressive approach to growth. CEO Steve Hare says, “Having re-shaped and invested significantly in the group over the last three years, we are now focused on growing the business in absolute terms, both organically and through acquisitions.”
Why they’re here: With annual revenue north of $3 billion and a market share in the 5-6% range, Infor is in the top tier of ERP vendors. It offers the full breadth of ERP offerings across industries and, as a legacy vendor, has made the transition to cloud. Infor differentiates itself with industry-specific ERP modules and a multi-tenant cloud platform hosted on AWS. Infor’s CloudSuites is rated as a leader by Gartner in the category of ERP for product-centric enterprises.
Power moves: In 2020, Infor was purchased by Koch Industries, and is now a subsidiary of the $110 billion conglomerate.
By the numbers: $13 billion: The amount of money Koch Industries paid for Infor.
Outlook: Koch Industries was both a customer of Infor and an investor prior to the acquisition. The assumption is that Koch was impressed with what it saw and believed that with an infusion of capital, it could push Infor to new heights. Koch Executive Vice President and CEO of Enterprises Jim Hannan put it this way, “Koch has the resources, knowledge, and relationships to help Infor continue to expand its transformative capabilities.”
Why they’re here: Epicor’s Kinetic cloud ERP platform is listed as a visionary in Gartner’s latest evaluation of ERP vendors. Gartner says Kinetic “delivers a solid operational ERP solution for midmarket manufacturing and distribution companies, along with adjacent capabilities for demand planning, inventory and warehouse management.”
Power moves: In January, Epicor bought JMO Business Systems, a leader in warehouse management and enterprise mobility solutions for the automotive industry.
By the numbers: $4.8 billion: The amount that Clayton, Dubilier & Rice (CD&R) paid to acquire Epicor in 2020.
Outlook: Somewhat similar to Infor, Epicor’s acquisition by a large, private equity firm is expected to bring an infusion of funds for acquisitions, as well as drive the transition from on-prem to a SaaS model for its longstanding customer base. At a recent event, company officials painted a bullish picture, with revenue approaching $1 billion on double-digit growth, and SaaS delivering half of recurring revenue.
Why they’re here: Cloud-based IT services leader ServiceNow is not a traditional ERP vendor and certainly doesn’t have the deep industry-specific knowledge of the legacy players. But ServiceNow comes at ERP from a different perspective; its Now Platform enables companies to connect digital workflows and optimize business processes across IT, employees, customers, and application creators. Gartner rates ServiceNow as a leader in cloud-native, low-code application platforms.
Power moves: Bought ERP migration company Gekkobrain. The move will help organizations identify and understand the custom code in their ERP apps and automate the modernization of ERP apps and resulting workflows.
By the numbers: ServiceNow reported 30% growth in 2021, with total revenue approaching $6 billion.
Outlook: Industry analyst Josh Bersin says ServiceNow is tapping into a market that goes beyond traditional ERP into what he calls content creator platforms. “Every HR team, every manager, and every IT department wants to build a new workflow or design a new process.” He adds, “They’re going to ServiceNow to do so.”
Why they’re here: Gartner ranks QAD as a visionary in the category of manufacturing and supply chain management for midsize manufacturers with its cloud-based QAD Adaptive ERP suite. QAD is another company that’s blurring the lines between ERP and CRM. It recently purchased WebJaguar, a digital commerce platform, with the goal of creating an omnichannel customer management solution for both B2B and B2C.
Power moves: QAD was taken private by Thoma Bravo in 2021.
By the numbers: $2 billion. The amount Thoma Bravo paid for QAD.
Outlook: Thoma Bravo has a long and successful history of acquiring software companies, injecting capital and providing management expertise. QAD founder and president Pamela Lopker says, “Through this partnership, we will be even better positioned to build on our strong foundation.”
Why they’re here: Salesforce is the unquestioned power player in CRM. And it has invaded the ERP market with a unique strategy. Salesforce built a powerful cloud platform on which to run CRM applications (SaaS) and to write applications (PaaS). Then, it opened up its platform to enable third-party companies offer ERP solutions. Rootstock offers manufacturing, distribution, and supply chain ERP on the Salesforce Cloud. And FinancialForce delivers finance and accounting on the Salesforce platform.
Power moves: Salesforce snapped up the popular collaboration tool Slack in 2021.
By the numbers: $27.7 billion: What Salesforce paid for Slack.
Outlook: Salesforce is a force to be reckoned with. It is making the very persuasive pitch that since a company’s core business data is already stored on the Salesforce cloud, it only makes sense to run integrated ERP apps on that same platform.
Neal Weinberg is a freelance technology writer and editor. He can be reached at neal@misterwrite.net.
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Commercial Bank of Ethiopia (CBE) adopted International Financial Reporting Standards (IFRS). The bank managed to do this a year ahead of the time period National Bank of Ethiopia set for the banks.
The bank’s President, Bekalu Zeleke, took delivery of the report conducted by KPMG, a foreign consulting firm. Brian D’souza, a partner at KPMG for East Africa, delivered the report at the Bank`s headquarters on Churchill Road, in the presence of Atkilit Kidanemariam, vice president for Finance & Accounting at CBE.
It took the consulting company almost a year to complete the task and delivery the report.
It was back in 2014 that the legislature adopted a financial proclamation which was followed by the establishment of Accounting & Audit Board of Ethiopia (AABE). The Board, comprising of 12 members under the chairmanship of Abraham Tekeste (PhD), minister of Finance & Economic Cooperation (MoFEC), is mandated to transform the financial reporting system in the nation`s firms.
Source: Fortune
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CIOs should expect to see nimbler, more flexible, more open ERP systems in 2022.
Industry experts also expect ERP trends to include more best-of-breed applications and less monolithic ERP systems, with customers having more ability to pick and choose the applications in the ERP landscape.
Major ERP vendors — SAP, Oracle, Microsoft, Infor and IFS — will continue to dominate the market for large enterprises, but smaller, nimbler ERP vendors, particularly those that are cloud-native, will offer innovation and industry-specific applications.
Traditional vendors will likely to struggle to maintain traction with the current customer landscape, while vendors that offer flexible and with open architectures are poised to excel in 2022, according to Eric Kimberling, CEO and founder of Third Stage Consulting, an independent ERP industry consulting firm in Lone Tree, Colo.
Open source systems like Odoo, which offer flexible customization at a lower cost than ERP giants, best-of-breed applications like Workday and Salesforce, and open cloud architectures like Oracle and Microsoft are going to thrive, Kimberling said.
“Bigger and more cumbersome [systems] like SAP S/4HANA may find it difficult to resonate in this new reality, while vendors focused on the SMB space, like [Oracle] NetSuite, will likely benefit in the post-pandemic world,” he said.
Industry specificity is an ERP trend that will continue into 2022, driven by industry heavyweights like SAP, Oracle, Infor and IFS, as well as smaller vendors like Acumatica and Unit4, according to Joshua Greenbaum, principal at Enterprise Applications Consulting, an ERP industry analysis firm in Berkeley, Calif.
All ERP vendors are facing the complex task of threading the needle between the fit-to-standard characteristics of SaaS ERP systems and simultaneously providing deep functionality for specific industries, Greenbaum said.
“This is something that customers really want and that’s why all these vendors have their industry clouds and companies like Unit4 are focusing on their core customer offerings in their core industries,” he said. “It’s becoming a real important part of the maturation of enterprise software in the cloud.”
Multi-tenant SaaS ERP vendors with strong industry vertical focus will do well in 2022, said Predrag Jakovljevic, principal industry analyst at Technology Evaluation Centers, an enterprise computing analysis firm in Longueuil, Quebec.
That list includes both cloud-native ERP vendors like Oracle NetSuite, Acumatica and Rootstock, as well as vendors that have redeployed their legacy systems for the cloud, like Microsoft with Microsoft Dynamics, Epicor, IFS, QAD, Unit4, Syspro and Sage Intacct.
ERP vendors that have specialized functionality should do well, Jakovljevic said. He pointed to IFS with its asset and field service management and QAD, which added sourcing and e-commerce functionality into its manufacturing-oriented ERP systems.
“The ones who will struggle are those with no vertical savvy and no easy migrations from legacy to the cloud,” he said.
ERP systems will also continue to move away from a monolithic structure to one where customers can pick and choose what they want to include, according to Greenbaum.
Sometimes referred to as composable ERP, the plug-and-play approach includes elements of edge computing. It is attractive to customers caught between wanting to accelerate a digital transformation of their ERP core and needing to upgrade the on-premises back-end ERP, Greenbaum said.
“More customers are demanding — and more vendors are providing — a blending of the two, so you can actually [modernize] pieces of the ERP… and use that to provide better user experiences on the front end,” he said. “Composability is absolutely breaking these big monoliths down a little bit, so you can get the things you want without having to upgrade the entire supertanker.”
Composable ERP and industry specificity are two markers of an increasing trend toward the cloud and digital transformation, said Mickey North Rizza, program vice president for enterprise applications and digital commerce at IDC.
Most large enterprises with monolithic ERP systems are slowly untangling the web of customizations to understand what they need from more modern and intelligent ERP systems, Rizza said.
These organizations are looking to future-proof their enterprise systems by bringing in more insights to processes across finance, HR, procurement, manufacturing and supply chain, she said.
“These organizations understand they need simple, easy-to-use standardized products that can be configured to meet their needs,” Rizza said. “They know they need their employees to be able use the systems anywhere, anytime and in any place. “
The sheer number of ERP applications available today combined with the high availability of investment capital will likely lead to more consolidation of the ERP market, said Shawn Windle, founder and managing principal of ERP Advisors Group, an enterprise industry consulting firm in Lakewood, Colo.
Although it’s difficult to say which ERP vendors will be buyers and which will be targets, Windle expects that small to midsize vendors with good name recognition and growing market share will be likely targets for acquisition.
“There are simply too many competitors for the same dollars,” Windle said. “And with work-from-home in place for the foreseeable future, employees can easily be transitioned.”
Jakovljevic agreed that ERP acquisitions will be a 2022 trend; the bigger question is how. For example, Infor may continue to be active after divesting its enterprise asset management (EAM) business to Hexagon and acquiring management execution systems (MES) vendor Lighthouse Systems in 2021. Other vendors have hinted that they will be active in the acquisition game.
“Epicor and Unit4 said that they plan to acquire more [companies], and ECi Software Solutions and Aptean keep on buying niche ERP players,” he said.
ERP vendors will continue to compete fiercely for business with small to midsize companies, he said, both from ERP heavyweights and newer cloud-first competitors who specifically target that market.
“We expect Acumatica to continue to win more deals, as its pricing and features continue to be very attractive,” Windle said. Large-scale ERP vendors such as SAP continue to gain traction and close more deals with SMBs.
However, the ERP vendor sprint to the cloud may result in “a major reckoning for enterprise application cybersecurity attacks,” Windle said.
“With so many vendors moving their solutions to the cloud as quickly as they could, there will be vulnerabilities that vendors must proactively handle before they experience major outages,” he said, adding that he expects all major ERP vendors will take measures to address security issues.
Jim O’Donnell is a TechTarget news writer who covers ERP and other enterprise applications for SearchSAP and SearchERP.
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Frank Kouretas | Mar 25, 2022
As Chief Product Officer at Orckestra, powered by mdf commerce, Frank Kouretas leads product strategy and product management, driving the next wave of commerce innovation and shopping experiences. Frank is passionate about building and marketing innovative technology products, and brings over 15 years of leadership experience in product development, product management and marketing. The views expressed here are those of the author.
 
Related: With MFCs, retailers look to fill a growing need

At the height of the pandemic in 2020, e-commerce grocery sales rocketed, up 63.9% according to a report released by eMarketer. By 2025, eMarketer predicts that online sales will make up about 17% of all grocery sales. If you follow the trend line, we can expect the percentage of grocery customers relying exclusively on online ordering to increase significantly with more and more consumers inclined to try online purchasing at least once.
Related: Curbside pickup powered by MFCs driving growth in grocery e-commerce
Grocery retailers already invest significant capital into building and operating their stores and in purchasing inventory to stock the shelves. This shift toward online grocery shopping has the potential to drastically impact their brick-and-mortar profitability. That trend, coupled with the impact of COVID-19 on supply chains, is providing the impetus for retailers to invest in emerging technologies that boost industry resilience and offer consumers more choice and flexibility.
In light of recent supply chain disruptions and labor shortages, grocery retailers are searching for more efficient ways of order fulfillment and delivery. The choice of new technologies and solutions depends on multiple factors including store surface areas, location, population density, order volume, maturity of tech stack, and staff proficiency. These are some of the most successful technology solutions.
Micro-fulfillment centers (MFCs) 
MFCs are automated fulfillment centers placed within stores or warehouses to get closer to customers, reduce transportation costs, and shorten delivery times. They are a great way for businesses to reduce overhead while increasing the long-term profitability of stores.
Fulfillment, shipping and delivery are key battlegrounds for grocers looking to protect their customer base. Not long ago, 2-day shipping was considered a premium service in North America. Now it’s the industry standard. Grocers can leverage a micro-fulfillment strategy to make the process more efficient — from receiving the online order to packing it and in some cases offering last-mile delivery. This approach combines the speed of localized, in-store pick-up with the efficiency of large, automated warehouses.
MFCs placed within populated cities significantly reduce the distance between an order and a customer, which makes last-mile delivery faster and cheaper. Setting up micro-fulfillment centers involves using small, highly automated storage facilities located near the end customer to bring down the cost and time of delivering goods. MFCs can be standalone facilities or built into existing stores to service a cluster of locations. These centers have a relatively small footprint which saves on expensive real-estate space. Their compact and flexible designs make them perfect for the backs of existing supermarkets, or parking lots. Whereas, the conventional warehouse centers are bigger, and they tend to be located in the outskirts of populated areas to save real-estate costs. This makes transporting orders from the warehouse center to the customer more expensive and time-consuming.
Key benefits of MFCs include:
• Lower overhead costs
• Enhanced customer experience facilitated by speedy order fulfillment
• Faster last-mile delivery
• Easier expansion
• The ability to leverage localized data to stock more of what’s needed
• Highly compact designs, allowing retailers to hold more product volume per-square-foot than would likely be possible in a traditional warehouse or store
As with all new technology and solutions, there will be initial setup costs to factor in alongside time taken to train the associates. That said, if one wants to integrate MFCs into their existing setup, the best way would be to opt for a headless, API-based commerce platform that is capable of integrating with different MFC providers and is flexible, composable and can fit into the current tech stack. This allows a progressive evolution versus forcing one to re-platform.

Orckestra

More and more grocery retailers are empowering store associates with technologies that help them pick and pack orders more efficiently to reduce costs, retain customers and boost profitability.

More and more grocery retailers are empowering store associates with technologies that help them pick and pack orders more efficiently to reduce costs, retain customers and boost profitability.
Mobile Store Fulfillment and other Tech-Forward Solutions
A different approach is recommended for grocery stores with a sizable staff that have larger real estate footprints in less densely populated areas. The focus for these grocery businesses should be empowering store associates with technologies that help them pick and pack orders more efficiently to reduce costs, retain customers and boost profitability.
Available technology is able to prioritize new orders added in real-time, ranked by pickup and delivery times, time and date of pickup or delivery. It can also flag orders that are running late by sending automated emails to store managers. Other features include identifying optimal in-store picking routes listing every item in the precise picking order thanks to the planogram.
New digital solutions can support multiple-order wave picking so that associates can complete several smaller orders in just one pass through aisles. These solutions also cut down on picking errors, sounding alerts when the wrong product or quantity is scanned. This technology confirms successful scans, completed items and can notify the associate whenever a scanned item requires multiple quantities or there’s a special instruction from the customer.
Mobile store fulfillment solutions also make identifying substitution items a breeze. The technology integrates seamlessly with the point of sale as only items to be weighed or with special requirements are manually checked out, making sure customer preferences are transmitted to the store associates to avoid any inconvenience. It simplifies price reconciliation by sending the final order amount from the POS to the solutions provider’s cloud to finalize the order and charge the customer the correct amount. Most importantly, all of these solutions can run on ubiquitous devices such as smartphones and tablets, allowing retailers to meet their customers wherever they are.
Using any of these solutions presents businesses with a wide range of benefits such as a more compelling customer experience, improved employee performance, significant cost savings, and more efficient order fulfillment. However, labor shortages can become an issue if not properly managed given the associates or staff will have to be trained right. A commerce platform with strong expertise in grocery, consistent overall XP including website, delivery options, timeslot reservations, modern Product Information Management, Marketing Campaign etc. is the optimal solution.
In order for grocers to serve their customers best and maintain long-term profitability, they should look at a commerce tech stack that can support these technologies while ensuring scalability and various other needs as the market evolves.
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New York, United States, Fri, 25 Mar 2022 12:41:22 / Comserve Inc. / — The restaurant POS system market is anticipated to record a CAGR of around 11.14% over the forecast period, i.e. 2019-2027.

Research Nester has released a report titled “Restaurant Point-Of-Sale (POS) System Market – Global Demand Analysis & Opportunity Outlook 2027” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter's five force model.
The statistics portray the growing restaurant industry which is anticipated to raise the demand for automation of operational processes of restaurants, so as to further improve sales. The growing sales of the industry can be attributed to the increasing footfall of customers, dynamic change and expansion in product line of restaurants, increasing customer loyalty programs, and other back end processes, such as increasing number of vendors, and others. Balancing all of these factors without the implementation of software and systems is a difficult task for restaurant owners. The difficulties observed by restaurants in managing operational processes is anticipated to raise the demand for restaurant POS systems amongst restaurants, which will also help these players to stay ahead of competition.
Additionally, rising food expenditures in restaurants is also anticipated to increase the pressure on owners to manage their sale records and also increase their chances of making mistakes, which is also anticipated to fuel the growth of the market.
The restaurant POS system market is anticipated to record a CAGR of around 11.14% over the forecast period, i.e. 2019-2027. The market is segmented by product type into fixed POS terminals and mobile POS terminals. Among these segments, mobile POS terminals segment is anticipated to hold largest market share on account of increasing demand for wireless technology and growing adoption of mobile devices, such as mobiles and tablets.  mPOS solutions work with the help of a software or an addition of hardware as an attachment to the mobile device, and are also capable for increased mobility, providing utilization of the system from remote places.
Request Sample of This Strategic Report @ https://www.researchnester.com/sample-request-2052
Geographically, the restaurant POS system market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, Asia-Pacific is anticipated to hold largest market share on account of nations such as China and India among others, where the food industry is growing at a rapid pace, owing to favorable demographic conditions and increased disposable income levels. Additionally, demand for display kiosk and tablet systems owing to rapidly changing product offerings in the menus of the restaurants, and the need for increased operational efficiency and customer experience enhancement, all of these factors are estimated to fuel the growth of the market in the region.
Moreover, North America is anticipated to gain significant market share on account of the rising restaurant industry in the region, along with the presence of numerous vendors supplying POS systems for restaurants.
However, high deployment costs associated with restaurant POS systems and the concern for unavailability of skilled personals for operating the system is estimated to act as a barrier to the growth of the restaurant POS system market during the forecast period.
This report also studies existing competitive scenario of some of the key players of the restaurant POS system market, which includes profiling of Diebold Nixdorf, Incorporated DBD, Ingenico Group ING, Micros Retail Systems, Inc., NEC Corporation 6701, NCR Corporation NCR, PAR Technology Corp. PAR, Panasonic Corporation 6752, SAMSUNG (KRX: 005930), Toast, Inc. and Touch Bistro, Inc.
Ask the Analyst@ https://www.researchnester.com/sample-request-2052
About Research Nester
Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.
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The post Restaurant Point-Of-Sale (POS) System Market Size by Key Players, Regions, Type and Application, Forecast to 2027 appeared first on Comserveonline.
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An enterprise application, or EAS, is computer software intended to deal with the necessities of a company instead of its users. These entities are corporations and non-profit entities like educational institutions and clubs. a group of such programmes is thought as an enterprise system. As a component of a computer-based system, enterprise software to reinforce business and management reporting duties, these systems handle part of an organization’s activities.

1. Microsoft D365 enterprise
Microsoft D365, is now the on the top of the list. D365’s high rating may be primarily attributed to the fact that it offers two different solutions. Business Central may be used by small and mid-sized companies, while Larger and more complex organisations can use finance and Operations.
Additionally, Microsoft’s adaptability and user-friendly interface are combined with the two different systems to meet the varying needs of various types of businesses. Microsoft D365 is a more flexible platform than Oracle NetSuite or SAP S/4HANA.
Even while you can modify the D365 system, this does not indicate that you should. Firms often become bogged down in the implementation process because they over-customize the system. Our clients choose D365 over other ERP systems because of its ability to quickly integrate with other systems, as well as its familiar Microsoft look and feel.
The value-added reseller network of D365 is a nightmare, which is one of the disadvantages of using it. There are just too many options when it comes to service providers. They’re installing and marketing D365 regardless of whether or not they’ve had the required training and expertise. Microsoft has the least control and oversight over its reseller network among our top ten suppliers, which presents a significant obstacle in implementing the software. 
Our list of the top Microsoft Dynamics 365 implementation partners includes Microsoft Dynamics 365, but you’ll want to look at all of your options when picking an implementation
2. Oracle NetSuite
Oracle It’s fantastic to see NetSuite, which ranked first on Internet, and now you’re back in the top two this year, and for good reason. NetSuite’s performance has deteriorated, but let’s concentrate on the positive aspects of the software for the time being.  
Oracle NetSuite’s reputation as a pioneer in SaaS (software as a service) is one of its many benefits. In the cloud, there is a well-established solution that has been there for more than 20 years. It was built from the ground up with the cloud in mind, down to the most minor component. 
The next logical step in their digital transformation may be to go from Quick Books or a basic accounting system to Net Suite for small and mid-market firms. Similarly, Net Suite focuses on small and medium-sized organisations. 
Oracle Net Suite’s pricing is too high for small and medium-sized organisations. In the long term, the recurring subscription model, which includes many hidden costs, may wind up costing much more than planned. 
Oracle Net Suite’s inability to take the top rank has been hampered by a growing number of issues. With Net Suite’s acquisition by Oracle, I believe they’ve been more aggressive in their pursuit of small and mid-market businesses, in addition to the larger ones. Oracle Net Suite seems to be out of its depth in some instances, depending on where they’re promoting it. Make sure you know if Oracle Net Suite is a good fit for your needs and that your evaluation is impartial. 
3. Oracle ERP Cloud
According to our evaluation, Oracle ERP Cloud comes in third place among the finest cloud-based ERP systems on the market. Along with SAP, it’s considered a gold standard for more many Fortune 1000 firms. When comparing Oracle and SAP, it’s simpler to establish Oracle’s superiority since Oracle’s Cloud is more flexible than SAP Cloud. Unlike S/4HANA, this is significantly more customizable.
This implies that Oracle ERP Cloud also has to deal with many of the same issues as SAP, and the system still lacks advanced production capabilities. Even though Oracle ERP Cloud is an excellent fit for many sectors, especially those with more extensive, more diversified, and more progressive businesses, it is also a good solution for those who wish to interact with other systems quickly.
The last disadvantage of Oracle NetSuite is that it is not as flexible as other systems in the business. It is far more challenging to change NetSuite’s design than changing a Microsoft D365 or an Oracle ERP Cloud. 
4. SAP S/4HANA
It’s SAP S/4HANA that comes in the fourth position. Some ranks have risen from last year’s rankings, primarily due to the success of S/4HANA, which was introduced several years ago, in the preceding several years.
S/4HANA’s core ERP capabilities, such as accounting and inventory management, are solid. Financial flexibility, GL capabilities, product pricing, are among the finest in the business.
Manufacturing, planning, product life cycle management, and even specific CRM capabilities are areas where S/4HANA falls short. Although it hasn’t realized its full potential yet, it will. Compared to SAP’s older legacy systems like ECC and R/3, the lack of maturity of this system is the primary cause of its delayed growth.
To address this issue, SAP has acquired several companies. Procurement and human resource management are among the products they’ve purchased from Ariba, Success Factors and Concur. As a result, if you want the best of both worlds, you’ll need to integrate many systems.
The SAP road map is still a little complex and unclear when determining which SAP solutions are ideal for you. I’m sure that SAP and S/4HANA will achieve their objectives, based on the company’s history and SAP’s track record in working with large, complex enterprise. As a result of the significant advancements made in the preceding two years, we’ve elevated SAP S/4HANA to the position of number 4 in our innovation rankings.

5. IFS
One product dominates our top five list because of its laser-like focus on a small range of challenges. Rather than striving to serve everyone, it tends to focus on industrial, manufacturing, and distribution enterprises. A lot of project and asset management, as well as maintenance and repair, is required by many businesses.
Restricted focus isn’t always a bad thing, but some alternatives can provide various features to meet the needs of many unique clients when we’re looking at a broad, general rating like this. It’s possible to put IFS at the top of your priority list if your organisation is likely to profit most from it.
Make sure that the product’s strengths and limitations align with your needs before you purchase it. Much of the firm’s resources are devoted to product development, and the company also devotes considerable resources to expanding its network of value-added resellers and implementation partners. Because of this investment, the company’s future is bright.
In comparison to other products, this one maybe a little more expensive. If IFS is a suitable fit for your requirements, we feel you can get more functionality for your money. The second main difficulty with IFS is that it is not well-known by many organisations.
While IFS has a significant European presence, they are aggressively expanding to get a greater share of the worldwide market. Because of this, IFS is not as well-known or as widely used as some of the other items in our top 10 list. So, IFS comes in at number five on our list.
6. Infor Cloud Suite
Infor Cloud Suite comes in sixth on our best cloud computing services. This product’s popularity has grown in the last year. The Infor Cloud Suite umbrella is pretty big and maybe deceiving since it encompasses several systems. There are aspects of other goods that they run with even if they seek to rebrand or rename the product CloudSuite.
Regularly, we see M3 and Infor Syteline in industrial environments, as well. Supply chain management software like Infor Nexus is also in our top ten list of the best systems available today. Infor CloudSuite has a wide range of solutions, and your unique requirements will determine the best one for you.
We find a wide variety of robust and adaptable business processes and capabilities with Infor CloudSuite. One illustration of how these technologies may be used in various situations is that even non-manufacturing companies have found success with Infor.
As a result of Koch Industries’ substantial investment in the company’s acquisition, the company possessed an abundance of R&D resources. One of the limitations of Infor is that it is tough to figure out which of these systems to combine to get the final result you want, like every other product in our top 10. Because of this, it’s critical to choose the appropriate solution for your requirements, whether that’s M3, Syteline, Nexus, or one of their other possibilities. Consequently, Infor CloudSuite is now our sixth-best choice.
7. Sage X3
Sage X3 has been rated lower in the list, although not because Sage X3 is less popular than before, but because other suppliers have made more significant advancements in their product. Despite these drawbacks, the Sage X3 core financial system is an outstanding choice for manufacturing and distribution businesses.
Sage X3 is a potential alternative to the more prominent ERP providers. However, a few issues with the programme need to be taken into account. Many factors prevent us from rating it among the top 10 products for large and complex organisations. If you are part of a more prominent, more sophisticated global firm, your demands may be surpassed.
In addition, the UI isn’t as professional or intuitive as some of the competitors. This means Sage X3 has been ranked seventh in our list of the best accounting software.
8. Odoo
On our list of the best open-source ERP systems, Odoo comes in at number eight. After being used effectively by several medium businesses, it has made its way into the top ten list. This is primarily due to the product’s entire usefulness and capabilities. However, when more modules and features are added, the cost of open-source software increases. In the long run, you may end up paying moreIf you don’t have a well-developed and mature IT team, Odoo may be a downside as well.
There is also the question of scalability when it comes to large corporations. Despite this, Odoo may be a good fit for smaller and mid-sized organisations, especially if you’re seeking a solution that provides maximum modularity and flexibility so that multiple aspects of your firm may be connected.
9. Salesforce/Financial Force
Salesforce is a good alternative for companies looking for a more adaptable and best-of-breed solution. Various systems and modules may be added as the firm grows. There is a disadvantage to this flexibility, which many companies feel raises the complexity and expense of implementation. Salesforce and Financial Force are at the bottom of our list because of the maintenance requirements they place on your IT personnel. A few examples of ERP-like products for financial reporting are Financial Force and Rootstock, both of which are built on Salesforce and both of which include manufacturing ERP elements.
10. Acumatica
As for Acumatica, it came in eighth. The emergence of Acumatica may be attributed in part to its ability to carve out a niche for itself in the market. The majority of their efforts are directed at manufacturing and distribution firms.
An unambiguous user interface is provided by the product. This pricing method will be especially beneficial to small and medium-sized firms. Manufacturers and distributors who produce low volumes but have a high-profit margin may find this to be an extremely cost-effective technique. Using a unique pricing structure, they charge based on the number of transactions they handle.
Having a lot of low-margin, high-volume products may not be a suitable fit. A modest volume of items with a high-profit margin, on the other hand, might save companies significant sums of money.
Private equity funds are investing in the product, which is a good sign for a rising product since private equity funds want to invest in rising goods. It is due to this mix of features that Acumatica ranks 10th on our list of the best ERP systems.
The top 10 is completed by CRM (Salesforce.com) and FICO (Financial Force.com) As a result of improvements made by competing manufacturers, As far as I can tell, it’s not that the product itself has changed or lost its appeal. For some, Salesforce is best known as an enterprise resource planning (ERP) platform, although this isn’t exactly true.

These are the Top 10 top 10 Enterprise Systems Companies in 2022. You can simply contact them for softwares, which can help you to provide solution to integrate your business or organization.
 
Article Proofread & Published by Gauri Malhotra.
 
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