Mississauga, Ontario – 24th April 2012 – The Small Businesses Association of Jamaica (SBAJ) represents businesses that employ up to 50 employees and has income turn over not exceeding five million US dollars per annum ($US5M) has turned to Group FiO to leverage it’s expertise in implementing Opentaps Multi-tenancy Model for its members.
With the Small Business Sector contributing one third of the gross domestic product (GDP) of Jamaica’s economy and is responsible for nearly forty percent of the labor force; it is therefore fair to say that the Micro and Small Enterprises sector is expected to increase over the coming years.
The Small Business Association, with the collaboration of the MSME Alliance, is implementing the first Centralised Information Technology System to give Jamaican SMEs access to vital business management software at a minimal cost.
The business management (ERP) and customer service (CRM) software will integrate all operational and customer management functions for Manufacturers, Distributors and Service providers who carry out multiple tasks. Coverage will include Sales, Accounts, Pay roll, Inventory Management, Production planning, Costing as well as Customer history, support and tracking system.
“As a company, our primary focus is bringing to small and medium sized businesses the same technical capabilities used by large companies. Multi-tenancy makes perfect sense in this instance” says Ravi Srinivasan, President of Group Fio, “We’re delighted to be lend our know-how to the SBAJ and it’s members”.
Multi-tenancy refers to a principle in software architecture where a single instance of the software runs on a server, serving multiple client organizations (tenants).
Multitenancy is different from multi-instance architecture where separate software instances (or hardware systems) are set up for different client organizations. With a multitenant architecture, a software application is designed to virtually partition its data and configuration, and each client organization works with a customized virtual application instance.
Multitenancy is also regarded as one of the essential attributes of Cloud Computing.
Advantages of Multi tenancy
- Operational benefit. Because all application code is in one place, it is much easier and cheaper to maintain, update and backup the application and its data.
- Improved resource utilization and lower system requirements. Because an application and database are shared by multiple shared by multiple clients, it is not necessary to have a dedicated server for every client thus increasing clients, it is not necessary to have a dedicated server for every client, thus increasing resource utilization.