EPICOR PARTNERS WITH REDINGTON TO GROW PRESENCE IN INDIA AND SUPPORT SMALL TO MEDIUM SIZE MANUFACTURERS
Redington to distribute Epicor ERP industry-specific solutions to boost the growth of the Indian manufacturing industry
Bengaluru. Epicor Software Corporation, a global provider of industry specific software to promote business growth, announced today the appointment of a country-wide distributor to accelerate business growth and meet demand for enterprise resource planning (ERP) solutions across India. The partnership will see Redington India, one of the country’s largest technology distributors, selecting and training specialist resellers from its network of over 20,000 business partners to grow the Epicor customer base.
Mr Anand Chakravarthy, President at Redington commented, “Epicor ERP is a great fit for midmarket manufacturing companies in India looking to grow. Adding Epicor ERP to our portfolio will enable us to capitalise on the currently untapped market potential. The modern architecture of Epicor ERP will not only work today, but will enable customers to successfully deal with future challenges such as preparing for Industry 4.0, as more and more smart technologies are adopted.”
Sabby Gill, executive vice president, international at Epicor Software commented, “Whilst India is one of the fastest growing economies in the world, it is also a digitally advanced market. As one of the largest technology distributors in India, Redington has an experienced and dedicated team on the ground that can enable local manufacturers to digitally transform their companies and grow their businesses. Thiru Vengadam, regional vice president, will spearhead the strategy to grow our footprint and help companies thrive through ERP.”
As a distributor Redington will identify, appoint, train and equip resellers, taking full responsibility for effectively managing the delivery and deployment of Epicor ERP solutions in India. In return, Epicor will provide Redington with the necessary support to deliver its solutions to the market, including marketing, professional services, training, and access to Epicor University with certification for partners.
Redington, commencing its Indian operations in 1993, is today positioned as the largest Supply Chain Solution Provider in emerging markets. As a group, Redington is present in India, Middle East, Africa, Turkey, Srilanka, Bangladesh, Singapore and CIS countries. Redington provides end-to-end supply chain solutions for all categories of Information Technology products (PCs, PC building blocks, networking, software and enterprise solution products) and Consumer and Lifestyle products (Telecom, Digital Lifestyle products, Entertainment products and Digital Printing Machines) to over 200 international brands. http://www.redingtonindia.com
Epicor Software Corporation drives business growth. We provide flexible, industry-specific software designed around the needs of our manufacturing, distribution, retail, and service industry customers. More than 40 years of experience with our customers’ unique business processes and operational requirements are built into every solution―in the cloud, hosted, or on premises. With this deep understanding of your industry, Epicor solutions manage complexity, increase efficiency, and free up resources so you can focus on growth. For more information, connect with Epicor or visit http://www.epicor.com.
Epicor and the Epicor logo are trademarks of Epicor Software Corporation, registered in the United States and other countries. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation.
Launch of Epicor’s business in India
1. Epicor enables manufacturers to grow, thrive and compete in today’s ever changing landscape.
Manufacturers need a proven, comprehensive solution that helps them grow now, and positions them for success in the future. With decades of manufacturing industry expertise and thousands of manufacturing customers, Epicor understands manufacturers and has the right solutions for growth.
With margins for products eroding, customer demands increasing and the world in a state of uncertainty, manufacturers must leverage technology to increase business agility, enable insightful decision-making and achieve even more at the fastest pace.
Designed for the way people work today, yet is ready for how people will work tomorrow, Epicor provides a proven foundation with which to leverage new technologies such as the Internet of Things, big data and analytics, social collaboration, mobility and additive manufacturing. Replacing technology, integration and accessibility barriers that stifle productivity, Epicor provides a new level of collaboration, visibility and results.
2. Epicor is expanding globally
Sabby Gill, Executive Vice President, International, Epicor Software Corporation is driving the growth internationally. Of interest are the growth markets such as India, South Africa, Japan, etc.
(a)With regard to India, Epicor has now established a new Indian entity to cater exclusively to the Indian manufacturing, distribution and services industries.
(b)Engaged an industry veteran, Mr. Thiru Vengadam to spearhead the growth of Epicor in country, and bring similar business benefits enjoyed by our 20000+ customers in over 150 countries around the world. Thiru had previously established and grown several global ERP companies in India.
(c)Built functionality to meet the GST regime in India, comprehensively
(d)Appointed Redington, a large Distributor with nation-wide presence and a large reseller network in country to take Epicor solutions to reach out faster to the customers.
Frequently Asked Questions:
1. Which are the key industries are you looking at while providing customized ERP solutions?
Aerospace and Defense
Capital Equipment manufacturing
Engineer to order / EPC
Food and Beverage
Industrial Machinery manufacturers
Instruments and Controls
Medical Device manufacturers
Printing / Packaging
Rubber and Plastics
2. Tell us more about you Bangalore facility.
Epicor Software corporation is headquartered in Austin, Texas. In realisation of the technical strengths and the pool of talent available, Epicor set up an off-shore development facility in Bangalore in the year 2015. The facility has been steadily growing handling Research & Development of several products of Epicor, Product Management, Product support and Professional Services to Epicor’s global customers. This facility employs around 400 human resources right now. The facility has been delivering high quality service and hastened Epicor’s process of delivering products faster to our customers.
3. Who are your current clients in India? What marketing strategy do you have in place to add more to your clientele list?
Epicor is just launching its direct presence in the Indian market. However, there are about 30 customers who use Epicor’s ERP and iScala products in India. Majority of them are our International customers rolling out to India to cover their operation here; and the balance are customers brought in by our channel partners, previously managed by our organisation in the Middle East.
Our marketing strategy involves running multiple road shows targeting our prospective clients in the industries listed above. We are well positioned to be an alternate to major global ERP vendors – who are perceived inflexible by customers; and to smaller vendors in terms of long term viability. We offer best of both the worlds to mid-market companies. CII estimates there are 36.1 million small and medium enterprises in the country. Only a fraction of these have implemented integrated business solutions such as offered by Epicor.
4. Which are the geographies you are targeting initially and how is your partnership with Redington going to help distribute your products and services?
Epicor: We are targeting North, West and South initially through Redington’s regional sales officers and value added reseller partners in the respective regions. The focus would be to cover the tier-2 cities where the majority of potential exists. Epicor and Redington are holding partner launch events in 3 cities this week, wherein we expect over 100 business partners of Redington to participate and understand the opportunity for Epicor ERP software in India. A shortlisted set of these partners will be engaged for the market development and distribution of Epicor solutions. These partners would be supported by Redington in all aspect of marketing and sales; and supported by Epicor on training them on the ERP presales. A set of service partners would also be identified who would be trained by Epicor on product implementation and support.
5. What is the USPs of your products?
Our products have industry specific functionality for the industries listed above; hence customers find our solution easy to implement. For our target markets, we provide comprehensive functionality meeting all their business requirements. We are continuously upgrading our products as the technologies are fast evolving, thereby providing ability to our customers to leverage on the latest technologies to their business benefit. While we compete directly with the other leading global ERP vendors with our product, our True Cost of Ownership is considerably less than such competitors, thereby providing faster ROI to our customers.
6. What is growth of business software in India?
Based on industry analyst such as Gartner’s report the CAGR of business software in India is over 20% and projected to grow to $1.3 Billion by 2021.
7. There is a significant growth in the cloud based ERP solutions. In Indian scenario, what is ratio of adaptation of SaaS and Cloud based solutions, considering that there is reluctance from the Indian companies to transform into a cloud based system?
Epicor provides the choice to the customers with on-premise or on the cloud. We offer the same ERP software for both, unlike some of our competitors who offer a different product on cloud and on-premise. Gartner has predicted an over 30% growth in adoption of SaaS in India. As we are just launching, we will provide all options to our customers and partners to choose the most appropriate one for them.
8. What is your sales guidance or expected market share to achieve in the first year?
We are a privately held company and hence do not provide such data. However, we expect to be among the top 5 ERP providers in the country, replicating our successes in Americas and International
9. What kind of business environment do you foresee for your products and services in India, as many players jolting the sector?
We see a conductive environment with government streamlining all policies for setting up of businesses, introduction of GST, launching major initiatives such as Make In India, Digital India, etc. and creating awareness and providing incentives for organisations to use information technology to improve productivity, reduce costs, improve quality of service all around. Our business software directly supports all these trends in the country.
10. How does ERP solutions help companies?
Implementing an ERP helps companies to streamline their operations, improve process effectiveness, visibility across their operations, avoid delays, wastages, deliver faster to customers, improve employee morale, etc. Organisations have benefited by implementing ERP irrespective of other market forces impacting them.
11. How do you intend to contribute to the government’s ambitious projects- Digital India or Elevating Start-ups?
As commented previously, initiatives such as Digital India helps the country and its citizens to adopt digital technologies in business and business to consumer interactions, brings in revolutions of paper less and secure transactions; a whole new work force who are millennials who use technologies with use. Epicor ERP has evolved to support such workers with intuitive interfaces, google like searches, built in social collaboration, analytics for immediate decision making, integrating devices in shop floor and anywhere else and providing access to ERP from any device and from anywhere.