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Description

Netsuite & Acumatica Competitor – Cloud ERP for Underserved SME Market
Seller Financing Available!
(833) 776-6682 Zip
Zip Code: 95103

  • Asking Price: $5,000,000
  • Gross Income: $600,000
  • Cash Flow: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Real Estate: N/A
  • Established: 2010
  • Employees: 16

 

Business Description

According to the United States Department of Trade, Small and Medium Sized Enterprises (SME’s) are the backbone of the economy in the United States. In the US nearly half of the private workforce (47.5%) is employed by a Small to Medium Sized Business.

Computer systems in combination with some type of enterprise software are now a staple in virtually all office and enterprise environments. Over the course of the past 20 years, large Corporations and a small number of SME’s have been able to take advantage of a Software Suite known as an Enterprise Resource Planning system – all-in-one software that can manage data and processes all within a single platform, combining capabilities for:

  • Accounting
  • Inventory Management
  • Order Management
  • Customer Relationship Management (CRM)
  • Human Resources Management

While early ERP systems were offered as only On-Premise deployment, for the majority of SME’s this model was not attractive enough in pricing to justify its benefit. Additionally, ERP systems are challenging to configure, where still today almost all of the available solutions (Cloud or On-Premise) have been more tailored for large-sized enterprises (typically Fortune 1000 Companies, and Companies near and above $300M in annual revenue).

This Company has created an ERP system which is a Software-as-aService (SaaS) Cloud-based end-to-end multi-tenant solution for an underserved SME marketplace with a focus on Wholesale Distribution. ERP software is the largest segment of Enterprise Software, and the Company’s addressable market, Wholesale Distribution, is the largest sub-segment of this ERP market. With over 30 years of deep domain expertise in the SME market, and customers who have been using its legacy software for over 20 years, they offer an advanced Cloud solution for a market that they believe has only two real current competitors:

  • NetSuite – owned by Oracle, expensive, little flexibility on capabilities and price, focused on large enterprise
  • Acumatica – Lacking in features and functionality needed for wholesale distribution

With the emergence of the internet and much more efficient Cloud infrastructures, it is only a matter of time that a majority SME’s will adopt an ERP solution and will only consider those which are Cloud-based. In addition, NetSuite, as the Cloud ERP pioneer, has been able to prove a success and verify market receptiveness to a Cloud ERP offering, while simultaneously leaving many SME’s unfulfilled or left behind in their need for an effective, easy-to-use and adequately priced ERP system.

Overall, an ERP solution is inherently difficult to create, wherein transitioning to the Cloud the software must be coded, designed and re-written from scratch, creating a very strong barrier to entry for a new market participant. The Company has spent 6+ years and nearly $7MM in creating this fully-integrated, end-to-end ERP software now ready for wide-scale rollout and implementation.

As generational business Owners and Users (Millennials) today perceive SaaS solutions as conventional, they are becoming less accustomed to On-Premise deployments and more accustomed to and comfortable with solutions based in the Cloud. This solution with the use of the most current technologies, a state-of-the-art Cloud infrastructure, and three decades of understanding ERP while gaining a deep acumen of the marketplace for wholesale distribution, offers an opportunity going into the future to gain a major portion of this SME market if not become the leader of Cloud-based ERP solutions for SME’s.

The Company in 2016 began a Channel Development initiative, credentialing partnerships with many global firms and value-added resellers in driving growth for the firm; insofar partnerships with a number of well-positioned firms on an international scale have been either established or are in progress.

NDA is required for comprehensive CIM and any other due diligence documents on file with ProNova Partners.

 

Detailed Information

  • Inventory:
  • Facilities:
  • Competition: Comprehensive package on file covers this, NDA is required.
  • Growth & Expansion: Comprehensive package on file covers this, NDA is required.
  • Financing: Ideal scenario is… Support & Training: Two (2) weeks, ten (10) hours per week as needed.
  • Reason for Selling: Comprehensive package on file covers this, NDA is required.
  • Home-Based: This business is Home-Based

 

Across Multiple Devices

  • The ERP Software is a native web application that can run on any device that is able to operate a web browser, including mobile phones and tablets.
  • The application is responsive, so it can be run on a smartphone, however, given the complexity of the ERP Software’s screens, that is not a typical use case.
  • As a reseller of MobileFrame, specific integrated applications for mobile devices can be created (e.g., field service).
  • The company also has a complete warehouse management solution designed to run on a handheld device and scanner that allows all the pick/pack/ship functions to be performed all from a handheld device.

Contact info

Rick Carlson
Rick Carlson

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