To address the postmodern ERP era with a future-ready ERP on the cloud, the company unveiled its new product.

"Globally, there is a shift in the way ERP applications are being consumed. The era of seeing ERP as a 'system of record' is passe," Virender Aggarwal, CEO, said in a statement.

According to him enterprises are looking for information technology (IT) applications to solve business problems.

"Our platform-based approach to build ERP has enabled us to launch solutions on wearables and integrate with in-memory based engine to deliver business value to users. This is the future and we are among the forerunners in this game," he said.