As expected Oracle has pitched its wares at the European Small and Medium Enterprise (SME) space with the launch of a E-Business Suite Special Edition, a pre-configured, pre-installed package of ERP applications designed specifically for companies with 100-500 employees.
The new package is made up of the financial accounting, sales order management, inventory management and purchasing modules of the Oracle E-Business Suite, but is less expensive. It comes pre-installed and pre-configured on a hardware server from selected Oracle partners. As such, says Oracle, it can be used by the customer upon receipt of delivery.
Oracle estimates that around 40 per cent of its applications software customers can be defined as mid-market.
"There are around 200,000 European companies in the category that we define as the mid-market," said Alfonso Di Ianni, senior vice president, Marketing and Alliances & Channels, Oracle Corporation. "These are highly technologically-literate organisations with many of the same software requirements as large companies but without large in-house IT teams or budgets."
The first customer to go live with the new software is Modex Therapeutics, a mid-market biotech company based in Lausanne, Switzerland. A period of rapid expansion, including a recent 136 per cent increase in staffing levels, means that Modex has outgrown its original accounting and inventory management software.
The new Oracle alternative was implemented for Modex by Oracle partner Astron Associates SA, a specialist Oracle Certified Partner based in Geneva. Modex saud it has now been able to reduce the time it takes to report its financial earnings from two weeks to two days and can regularly monitor inventory levels and costs by having access to a detailed logistical breakdown of its operations.