DUBLIN, Sept. 07, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/tcfmvg/global_school_erp) has announced the addition of the "Global School ERP Market 2015-2019" report to their offering.
The global school ERP market to grow at a CAGR of 13.67% over the period 2014-2019.
This report covers the current scenario and the growth prospects of the global school ERP market for the period 2015-2019. To calculate overall market size and vendor shares, the report considers revenue generated from the issue of software licenses, support and maintenance, and subscriptions to K-12 schools. It considers the revenue generated by ERP software through both SaaS-based and on-premises models. It does not consider open-source ERP software. The following ERP modules were considered while calculating revenue: finance, HR, student management, and others.
Training of the faculty in an institution is a crucial step for ERP implementation to realize all the benefits of an ERP software. If end-users do not understand how the system works, the purpose of ERP will not be met. Training documents or any other additional tools required must be provided to the faculty. Usually, the training comes clubbed with the ERP from the provider. Once the training gets over, a pilot run of the software is conducted in the institute with real data. This helps understand and consider any adjustments that are needed.
According to the report, apart from imparting education, schools, as institutions, have to invest time and resources for other important operational activities such as payroll, management of examinations, effective parent-teacher communications, and inventory management. Though these activities can be handled manually in smaller educational institutions relatively easily, larger educational institutions find handling these activities manually difficult.
Further, the report states that, as most educational institutions run on budgeted expenditure, the key decision makers weigh the cost of implementation over the benefits of installing a feature-rich ERP system. As a result, institutions fail to choose an ERP, which is less complex and compatible with the existing infrastructure.
Key vendors
- Infor
- NetSuite
- Oracle
- Panacea
- Unit4
Other prominent vendors
- Concur Technologies
- Cornerstone OnDemand
- Jenzabar
- Kronos
- Totvs
- Workday
- WorkForce Software
For more information visit http://www.researchandmarkets.com/research/tcfmvg/global_school_erp
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
