Beleaguered enterprise resource planning vendor Baan claims to be well on the way to recovery, following its takeover by the Invensys Group and a significant restructure of both management and business operations.
Baan produced its second profitable quarter at the end of June, with revenue growth on par, or slightly above Q1 sales of $US103 million globally, according to Yunus Docrat, managing director of Baan Australia and New Zealand.
At the end of March the company posted ambitious revenue growth projections of 200 per cent in the Asia-Pacific region over Q2. Docrat said the result was just under at 197 per cent and is "quietly confident it will exceed Q3 expectations".
"These results are no flash in the pan," Docrat said. "The business improvements we are delivering tell a powerful story about how the solid execution across the company, coupled with leaner business processes, can restore customers' faith and sustain a good financial performance."
He said much of Baan's growth has been achieved by squeezing out other incumbent ERP brands, especially within its home turf. Before purchasing Baan in August last year, Invensys and its 500-plus subsidiaries had selected SAP as its ERP application of preference. As these systems become ripe for replacement or upgrades, SAP is slowly being rolled out and replaced with Baan.
- Australian Reseller News.