BUSINESS HIT

We are facing one of the worst global economic meltdowns. Everyone is scrambling for safe shelter for his money. The first reaction of the corporate to the economic recession is normally cost cutting across the board.

Enterprise Resource Planning(ERP) is a supportive package for the business and is still considered by many companies as a necessary evil rather than an investment. So, if the business is down, the need for the ERP seems to be down and the first reaction is to have a sharp cut on ERP expenses.

But, is the cost cutting, the only strategy for minimizing the impact of global recession, at a time when the corporate have already started considering ERP as a good investment and a booster for business growth?

Global economy has its own cycle. After each boom, it also goes through recession and after each recession it has to come back to the boom period.