This Magic Quadrant focuses on ERP systems that support a single-instance strategy for multientity midmarket and upper-midmarket companies. Leading systems are modernized around product and delivery, but most are still slow to support a postmodern strategy and to offer IMC capabilities.
ERP systems are one of the core business applications used by almost all companies above a minimum complexity. The basic concepts and functionalities have been developed and implemented for more than 30 years, but the term "ERP" was coined by Gartner in 1990. In the original definition, originating from manufacturing resource planning (MRP II), ERP systems' functionality normally covers finance and accounting (general ledger, accounts payable and accounts receivable), purchasing, HR management, sales or customer order management, and operations management. Gartner now defines ERP in a broader sense as "a technology strategy that integrates a set of business functions, such as finance, HR and purchasing, with operational aspects, such as manufacturing or distribution, through tight linkages from operational business transactions to financial records" (see "ERP Strategy Must Address the Challenges of Postmodern ERP" and "Agenda Overview for ERP and Enterprise Suites: Strategies and Value Realization, 2014"). Read More:http://bit.ly/1EDdSBY