Central Bank Implements Open Source ERP5 in Eight Countries After Proprietary System Failed

General News

Summary

There are two main reasons : 1. its flexibility which drastically simplifies complex configuration and, 2. global developer community which guarantees ongoing support over decades, (while proprietary vendors often stop after 5 years.The open source nature of ERP5 eliminates licensing costs and provides full freedom to update and customise the system as business requirements change without single vendor lock-in.### Marcq-en-Baroeul, France, July 13, 2008 --( PR.com )-- After five months of continuous operations, Nexedi announces the first successful implementation of its open source ERP5 in a Central Bank, to manage the monetary system of 80 million people in 8 countries.There are two main reasons : 1. its flexibility which drastically simplifies complex configuration and, 2. global developer community which guarantees ongoing support over decades, (while proprietary vendors often stop after 5 years.Dedicated to making open source technologies accessible to all users, the company offers a full range of products and services to individuals, enterprises and government organizations.

Classifications

industries
Fintech & Banking
applications
Web and Content Management

AskAI Classifications

Labels
Enterprise Resource Planning Big Data Cloud Computing

Linked Companies

Nexedi
$1M to $5M