Developing and Customizing Federated ERP Systems

Provided by: IGI Global
Topic: SMBs
Format: PDF
Small and Medium Enterprises (SMEs) are the most important drivers in many economies. Due to their flexibility and willingness to innovate they can stand up to larger industry players. However, SMEs - as every other company - need to further reduce costs and optimize their business in order to stay competitive. Larger enterprises utilize ERP systems and other IT support for reducing costs and time in their business processes. SMEs lack behind because the introduction and maintenance of ERP systems are too expensive, the return on investment is achieved too late and the associated financial risks are too high.

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