June 15, 2010 19:00 ET

Could UK Growth Rates be Saved by ERP?

TWICKENHAM, UNITED KINGDOM--(Marketwire - June 15, 2010) - We may be out of the recession, but according to experts it could take a while before we're back to a healthy economy. This comes as bad news for most businesses that are being forced to tighten their belts in order to survive, along with job cuts. However, project management software is being hailed as the saviour of businesses post-recession and for the companies supplying them, business is booming.

Business solutions help businesses to optimise resources and manage costs more effectively. In light of the current economic climate, this is something most companies are in great need of to help control their outgoings and enable them to regain some growth and profitability. This explains the significant rise in demand for project management software recently, with businesses and local authorities investing in Enterprise Resource Planning (ERP).

The move towards ERP by businesses is targeted at reducing the doom and gloom expected to hit businesses through the austerity measures brought in to bring down the deficit. Although the new coalition government haven't announced just exactly what these measures will be yet, it is predicted that significant cuts in spending along with job cuts will be high up on the agenda. Moreover, the market looks so bleak at the moment that a drop in new business growth has already been noted, in spite of many businesses increasing their costs in an attempt to speed up the recovery process.

One of the major benefits of effective project management is that it helps to identify which projects are the most successful and profitable as well as enabling companies to spot those that perhaps throw up more obstacles in their cost-effectiveness.

Because of the popularity of these models right now it is challenging project management software and ERP providers to improve and innovate on their software. Many are keeping an ear to the ground for current demands from businesses about what would help them to manage and further develop their growth. Therefore, project management solutions promise to be the future of resource organisation and profitability, with refinements to systems improving their effectiveness even more in the future.

A spokesperson for leading global business solutions company, Maconomy commented: 'The recession caused many companies to evaluate where they can achieve growth through solutions such as ERP which enable them to do this. Businesses can then start benefitting sooner and getting back on target. This is why our industry specific ERP solution has become so popular in the recent economic climate'.

About Maconomy:

  • Maconomy is a global provider of ERP business solutions for Professional Services organisations. The fully integrated solution incorporates financial management, project management, time registration, resource planning, CRM, HR and business intelligence for profitable results.

  • As a recommended provider to Professional Services organisations worldwide, Maconomy has focused exclusively on this sector for more than 20 years. This has given Maconomy unique insight into the best-practice processes of these organisations.

  • Maconomy has created proven results for a wide range of international clients, including TNS, Devoteam, Semcon, ErgoGroup, Deltares and Ramboll, as well as all of the three biggest global marketing communications networks and four of the Big Five global accounting firms.

  • Maconomy is listed on NASDAQ OMX Copenhagen with headquarters in Copenhagen, Denmark. We have offices across Northern Europe and in the U.S. as well as an extensive network of business partners, enabling us to service and support around 600 clients in more than 50 countries worldwide.

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