Bob Scott’s Insights, an enterprise resource planning publication specializing in coverage of the resale market, has included The TM Group in the latest edition of the VAR Stars, an annual assemblage of the top 100 high-performing midmarket ERP firms. Financial services software influencer Bob Scott edits the online magazine, which put the Farmington Hills, Michigan-based company in the 59th spot, according to ERP Software Blog.
“Each year, 100 VAR Stars are picked from the best organizations that market financial
software,” Scott explained in a statement. “It is always an honor to recognize those who contribute to the development of our business.”
A cloud-based future
Cloud technology was the central theme of the 2017 VAR Stars list. In the report summary, Scott said few questions lingered over the deployability and effectiveness of cloud-based financial services software, concluding that this once-unproven innovation had entered the mainstream. Market data supports this point of view.
The cloud ERP space is expanding at a compound annual growth rate of 10 percent and is likely to surpass the $29 billion mark within the next three years, according to MarketsandMarkets. The financial software niche is driving much of this growth, maintaining the highest CAGR among all available specialty ERP products.
The Dynamics conundrum
In addition to addressing the entrenchment of cloud ERP technology, Scott took on the Microsoft Dynamics reshuffle that unfolded last year. The software giant is in a multiyear process of repackaging its Microsoft Dynamics CRM, Microsoft Dynamics AX and Microsoft Dynamics NAV products in an effort to consolidate its cloud product CRM/ERP offerings into an enterprise and small-medium business (SMB) offering. Microsoft finally unveiled the final cloud CRM/ERP SMB product, called Microsoft Dynamics 365 Tenerife (the new version of NAV), at Directions North America this past September. Unfortunately, the announcement was met with confusion, as resellers struggled to understand how the change would affect both their operations and customers.
While the company has since ironed out some of the details, it is clear Microsoft is navigating an extended internal shift centered on its cloud ERP products and changes continue to be rolled out regularly. It is very confusing for customers, but Dynamics partners like The TM Group can help them figure out Microsoft’s offering and what is right for them.
The pathway to success
Despite market shifts and vendor turmoil, The TM Group managed to find immense success in 2017, helping businesses of all sizes implement top-of-the-line Microsoft, NetSuite and Sage Intacct technology and achieve operational breakthroughs. The company managed to capture roughly $8.6 million in revenue in this span and solidify its position in an overly saturated industry.
The TM Group is expected to continue on this trajectory for the foreseeable future. The firm’s ground-breaking TMG Cloud offering, which allows organizations to deploy Microsoft Dynamics GP and SL in the cloud, is just one of the many products in its vast portfolio that separate from competitors and make it worthy of inclusion in the 2017 VAR Stars.
Are you interested in learning more about The TM Group and our industry-leading products and services? Connect with us today to see more detailed product specifications and learn how The TM Group can help you streamline your operation.