Did Wall street meltdown hit the main street yet? With layoff's and economy slow down we are seeing this down turn in ERP market too. Recently NetSuite an ERP vendor for small and medium business reported loss, read below quote
NETSUITE LOSS WIDENS. Online application vendor NetSuite lost $6.2 million for the third quarter ended Sept. 30, up from $1.7 million in last year’s corresponding period, as the growth in operating expenses outpaced the growth in revenue. Revenue for the most recently ended period reached $40.4 million, up from $28.1 million in last year’s third quarter. Operating expenses rose to $32.8 million... - Source: Consulting Insights By Bob Scott
Interprise Suite is standing firmly to release its 2009 version in Dec'08 filled with lots of features, are they going to get hit with the economy slow down? we have to watch how the market goes from here ....
But with the increase demand for integrated systems for small and medium business who want to automate their entire business process defintely need ERP which is afforable, it becomes even critical to define the "
best" price point for your product, with recent price increase of Interprise suite from $795 per user to $1295 (effect from 2009) would defintely hit hard on small business owners who are looking for intergated solution.
Customers who are looking for ERP should act now to purchase Interprise Suite (before end of this month Nov) as prices are low at $995 per user or atleast you could lock down the prices.
Interprise is closely watching the market & its popularity and based on which hopefully they will determine the best price for the slow down economy.
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ERP Vendor Highlights:1. NetSuite loss widens and they are losing in share value
2. Everest Software down sizing its employees in India and cutting cost
3. Interprise Suite increases its prices from $795 to $1295
More and more companies are down sizing or right sizing for the 2009 market showdown.