I wrote a widely read Concept Arbitrage series sometime back. Here are some additional thoughts on that topic. The focus of the series is on various venture ideas that have been successful in the US, and can be replicated in India.
Well, Software-As-A-Service (SaaS), applied to financial management disciplines like Payroll, Financial Accounting, Tax Preparation and Filing, Bill Payment, Cash Management, etc. for Small-Medium businesses (SME) is an area that Indian entrepreneurs should look into.
To learn more, I suggest you read my interview with Jim Heeger, CEO of PayCycle. I will follow this up by further coverage on this topic, and more interviews of entrepreneurial activities that I am seeing here in Silicon Valley.
In terms of larger companies, the notable ones are Intuit (Financial Accounting, Tax, Payroll), ADP, PayChex (Payroll), NetSuite (ERP), etc.
Now, if you are Indian entrepreneur and are working on this or a related area (Benefits, for example), I would like to hear from you.
This segment is a part in the series : Concept Arbitrage