Market Report, "Global School ERP Market 2015-2019", published

From: Fast Market Research, Inc.
Published: Wed Sep 02 2015

School ERP software solutions
ERP software refers to business management solutions that enable organizations integrate business operations, such as product planning, product development, manufacturing processes, inventory control, and distribution for optimal management. ERP software catering to the needs and requirements of schools has attracted the attention of the education sector. Various modules of ERP software can be purchased as stand-alone offerings or as embedded offerings. Each of these modules pertain to operational functions, such as accounts, HR, fees, transportation, examinations, and attendance. Thus, the software helps streamline organization-wide data extracted from various departments. This can help schools improve their performance and internal functioning by automating tasks and activities that streamline work processes.

Technavio's analysts forecast the global school ERP market to grow at a CAGR of 13.67% over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "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.

The key players in the Global School ERP Market are Infor, NetSuite, Oracle, Panacea, and Unit4 while other prominent vendors include Concur Technologies, Cornerstone OnDemand, Jenzabar, Kronos, Totvs, Workday, and WorkForce Software.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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