OpenERP - The latest buzzword in town - Info Technology

OpenERP is one of the leading Open Source ERP Systems.

It's modular structure allows to adapt to business needs:
Management of Partners, Contacts, Finance, Purchase, Sale, Stock, Production, CRM, Documents, Human Resources, Projects, Tasks, Business Intelligence, VOIP Interface and more.
WEB, GTK and KDE/QT Interfaces are available.
Certain customizing can be done Online in the WEB browser.
SAAS (ASP) Solutions are also available.
Very small footprint. (85MB all in one Windows installer - Up and running in a few minutes)

Small businesses and startups should start with ERP Systems as early as possible to organize their business professionally avoiding chaotic paperwork and redundant information distributed in various documents and databases.

OpenERP can be the best choice for them due its easy to use and customize framework.

For more info: www.erp-nucleus.blogspot.com

I agree with you saakshi. A lot of innovation will happen around SaaS model as its the right choice for small businesses. When it comes to SAAS for SME the only name that comes on my mind is Ramco OnDemand. Ramco OnDemand ERP is a web-based, pay-for-use ERP based on the Software-as-Service (SaaS) model. Unlike conventional onsite ERPs, which require up-front investment in IT infrastructure and manpower, Ramco OnDemand requires no initial IT investments. All you need to start using it is an internet connection! Flexibility and scalability are the inbuilt huge benefits – since you pay for what you use, you can vary the number of users and modules even on monthly basis. For more information visit there website:
https://www.ramcoondemand.com/campaign/