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US software company Infor plans to target Brazilian SMEs with ERP solutions through a new portfolio of cloud solutions launched for the local market last week, the company's Latin America VP, Robert Faricy, told BNamericas.
The Infor10 CloudSuite ERP (SyteLine), Enterprise Asset Management (EAM) and Expense Management solutions are based on Amazon Web Services (AWS). They were presented during the same conference in which AWS announced the launch of its first set of datacenters in Latin America, located in São Paulo.
"We are really excited to have this infrastructure partnership with AWS, by far the company that provides the best cost-benefit in the market and the one that has the best expertise in cloud," Faricy said.
"I believe we will see extraordinary growth in the Brazilian market, mainly due to the feasible cost of implementing cloud solutions as well as location, which is very important for cloud-based offerings."
But the executive added that telecommunications infrastructure and limited bandwidth are the main challenges in the country, and these could be potential obstacles for companies offering cloud services.
Faricy said he perceived "cautious optimism" among Brazilian companies regarding the outlook for regional economy. Companies are slightly wary of a potential economic downturn in the US and Europe, he said.
The region has been always been susceptible to currency pressures with investors fleeing to the dollar during economic crises, the executive said.
Nevertheless, Faricy said that the company is having a "very good year" and that expectations were high for expanding the business in Brazil and Latin America. He also noted that already several potential partners and resellers are interested in working with Infor.