Enterprise IT to Help SMEs Drive in More Economic Growth and Innovation

Business News Technology

Activity posted by Small Medium Enterprises (SMEs) in the Middle East region, particularly across the UAE, continues to remain strong and vibrant amidst the impact left behind by the recent economic gridlock. A recent report from the UAE Ministry of Economy (MoE) shows SMEs contributed 60 per cent of the country’s national Gross Domestic Product (GDP) in 2011; reflecting a 100 per cent increase from 2010.

Looking to capitalize on these developments, Sage, a leading supplier of Enterprise Resource Planning (ERP), Customer Relationship Management (CRM) Solutions to medium and large organizations, is aiming to further leverage its wide range of software solutions and services across the Middle East SME segment.

SMEs have now been recognized as the lifeblood of economies. In fact, a recent Gartner report forecasts that the global SME market will increase its enterprise IT spending to over USD 1 trillion by 2016. The report also revealed that the global SME market, which represents approximately a quarter of all enterprise IT spending, will reach USD 874 billion in 2012 and reach USD 1 trillion in 2016.

The predictions are complemented by a Forrester report pointing out that the increased spending represents big opportunities for software providers that offer the latest IT solutions, citing the SME ERP market, which is being expected to grow to USD 31.3 billion by 2014 at a CAGR of 6.1 per cent. Sage officials have stated that SMEs are critical to the company’s long terms prospects, which includes doubling its addressable market and revenues in the next three years.

“The SME segment is poised to key in more growth, which raises the demand for more software that can help increase productivity and efficiencies,” said Vikram Suri, Managing Director – Middle East & India, Sage Software. “We understand the unique needs of this segment and aim to address their needs with software and services that can help them become more agile and effective on a round the clock basis. Our goal is to provide these SMEs with world class solutions that will allow them more visibility and better decision making—keeping them at par with larger competing companies.”

Sage has given SMEs in the Middle East region, particularly across the UAE, the visibility to run operations better. Through Sage’s diverse portfolio of solutions, which includes Sage ERP X3, Sage CRM and Sage Accpac CRM, SME’s are now able to know the status of orders, reduced overstocking and achieve better cash flow control. Sage packages also include Business Intelligence, as well as solutions across Finance, Service Management, CRM, HR & Payroll, Retail and eCommerce, Manufacturing, Construction Industry, and Planning and Forecasting.

“The advances in business-oriented solutions for Mobility, Analytics and Cloud are driving the competitiveness of SMEs. Today, these small enterprises need an all-in-one business solution. Aiming to address this, Sage offers a solution that is flexible to meet the current and future needs while being affordable, quick and easy to implement, configure and maintain. Our goal is to keep your business growing and be one step ahead of the competition,” concluded Suri.

1 Comment

  1. Example: Citigroup (C:NYSE)
    Enterprise Value: -45B
    Book Value per share: 13
    5.4 billion outstanding shares

    this is pre-March 12th, it recently changed to a positive enterprise value of 53B, but these were the numbers… I guess the government’s cash infusion changed things.

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