To get a view of future scenario of enterprise resource planning software it is necessary to understand the present scenario of ERP in terms of its optimum utilization, ignored areas and untouched sectors. ERP has become an integral part of business today due to its proven benefits and huge capacities but it is very easily evident that there is much to be explored and need to give up a previously set goal.
Gone are the days when ERP software was meant for large and big business organizations only which have capacity of investing money in millions. Today with the introduction of SaaS model, ERP on demand and cloud computing, ERP software has come in the reach of small and medium sized companies which has opened gates for ERP vendors to capture new markets. Simply reduced cost, integration and interaction of different departments, capacity to work with different set of rules and regulation, multi currency, multi lingual, web store and SFA are not just the features which are going to suffice the needs of small and medium sized companies.