An Enterprise Resource Planning (ERP) system covers the integration of all departmental processes in a single software package.
How do SAP, Oracle, Microsoft Dynamics, SAGE, Info, Workday, Odoo stay relevant and ensure that the system has the most modern features and functions.
Firstly only the "true cloud" vendors can have a regular software release cycle that keeps the software relevant within the ever shifting technological landscape.
"True cloud" refers to vendors unburdened by the legacy evolutionary aspects and have a clean slate Enterprise Resource Planning design within the last 20 years (Netsuite, Workday, Odoo, Infor)
Vendors who have "evolved" into their own cloud solutions are
Tier 1 ERP vendors SAP & Oracle
Tier 2 Microsoft Dynamics, Info, Epicor, Sage
On-premise software updates for the oldest vendors are usually out of step by 3 years.
Of the "true cloud" vendors Odoo is the only vendor that guarantees an upgrade to a new version of the system free to clients who have the Enterprise Versions.
For traditional vendors an upgrade to a new version could typically cost as much as 20-30% of the initial implementation costs.
Find out more about Odoo ERP