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ERP System Analysis-TD Bank - Assignment Example
Pages 8 (2008 words)
Date: Course of Learning: ERP System Analysis-TD Bank 2.1 Vendors Vendors provide specialized and specific ERP systems and solutions making the industry more competitive. The common ERP software that are applicable in the banking industry include; Vendors on large businesses which include SAP and Oracle…
This category of vendors has been estimated to be generating more than $ 3.0 billion in the banking sector every year in Canada (Eschinger and Dominic 34) . The other category of vendors which is not common in banks is the vendors serving small business such as the SaaS ERP vendor which offers ERP applications of low-cost standards in order to attract large small business segments. Vendors serving specific vertical industries provide ERP solutions to a wide range of industries such as retail, manufacturing, professional services, fashion, and non-profit organization(Eschinger and Dominic 34) .. The Vendors providing open source ERP solutions forms the greatest ERP market thus mostly attracts most banks to make use of it. Its open source scope has been increasing over the years and this is expected to continue increasing in the years to come. Vendors have been in the forefront in offering open source solutions to ERP systems. Despite the fact that traditional ERP systems which have already been licensed make the most part of the ERP market, the ERP open source scope has increased over the years and this trend is expected to continue in the years to come. ...
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