Industry 4.0 takes centre stage with Sage Software at 'Innovation for Growth' SME Forum

CIOReview Team | Friday, 04 March 2016, 10:06 IST

With a vision to drive value for India’s ambitious Entrepreneurs, Sage Software Solutions Pvt. Ltd set stage for their engaging Forum “Innovation For Growth”  to help SMEs devise an actionable plan to steer business growth. The forum brought experts from Sage Asia, Infomerics Valuation & Rating & IIICORP for a comprehensive curtain raiser on contemporary business enablers. Navi Mumbai with its encouraging business environment & Industrial Infrastructure was chosen to be the primary host city for the forum. The event drew attendance from a diverse audience from banking, financial services, manufacturing, shipping and logistics at Hotel Tunga Regenza, Vashi.

Through the forum of ‘Innovation for Growth’, Sage Software took the opportunity to present the most innovative business models and growth trajectories for the promising Small & Medium Businesses operating across Key Asian Markets. The evening also witnessed the launch of Sage X3, Version 7 ERP Solution in India. Browser based Sage X3 allows better access to real time data which is integral to an organization’s growth strategy.

Speaking on the occasion, Kumar Siddhartha, MD Sage Software Solutions Pvt Ltd, India said “It’s a proud moment for us as we showcase our solutions competencies. With presence of Yaj Malik, our global champion on Industry 4.0 and GM for Sage Asia based out of Singapore & Sara Lua, our Sage X3 VP, Asia based out of Kuala Lumpur, visiting India to mark the launch of Sage X3 version 7, we aim to ignite the minds of the talented new aged business leaders of the country. Sage targets to leverage on its global best practices and develop various customer-centric initiatives and innovative solutions for SMBs in India.”

Talking on their participation for “Innovation For Growth” Pooja Kumar, Co-founder & CEO of commented, “The current engagement platform was a natural fit for our mission to drive the future of businesses bridging Start-ups & SMEs basis their strengths and capabilities. We are delighted to have partnered with ‘Innovation For Growth’ in Navi Mumbai and look forward to more such forums in 2016.”

Sanjay K Kher -VP, Infomerics Valuation & Rating iterated the manifold benefits of getting the necessary seal of trust during his session. “Credit Rating certifies the credibility of the organization’s business viability & financial health. It not only helps them to raise funds but also opens up new business avenues, enables dealing with large-scale projects, MNCs & government contracts. It’s been a great experience to share the stage at such an innovative & holistic corporate meet.”

As a business intelligence provider, IIICorp covers infrastructure projects across fast-growing markets in India, China, Indonesia, Vietnam and Latin America and in all these markets we come across innovative financing and structured products used by project developers. We should leverage international experience on SME financing models and ensure this business segment grows manifold and not perennially reel under challenges posed by traditional bank financing models,” said Vinu Lal, Country Head-IIICorp. 

Small and Medium Enterprises play a vital role in the growth of Indian economy by contributing 45% of the industrial output, 40% of exports, 42 million in employment, create one million jobs every year and produces more than 8000 quality products for the Indian and international markets. As a result, SME’s and MSMEs have greater opportunities for growth and penetration across sectors.

The Indian market is making a remarkable progress in various Industries like Manufacturing, Precision Engineering, Food Processing, Pharmaceuticals, Textile & Garments, Retail, IT, Agro and Service sectors. SMEs can successfully leverage growth with the right technology solutions.