The 2011 Convergence event demonstrated that Microsoft continues to advance its ERP products and offer additional deployment options — specifically, software-as-a-service (SaaS). The event featured the debut of Microsoft Dynamics AX 2012, which is a substantive new release with a good deal of rearchitecting and ramped-up functionality for enterprises that sets the stage for an eventual SaaS release in 2013. This report summarizes key announcements made at the event and what they mean for business process professionals focused on application selection and deployment; it also makes recommendations as to when to consider Microsoft's ERP solutions as viable alternatives.