Adapting to technology has proven essential to businesses. This is why enterprises are now relying on ERP solutions. Like any other technology, ERP has been evolving over the years, let’s see what are the top ERP trends to look out for in 2020:
Two-tier ERP is used by organizations that have multiple sites or are based on multiple geographical level. Such systems are not only less complex to implement (in comparison to tier 1 ERP) but it is al...
Having an optimum inventory is the idlest thing every company wishes for. To achieve this, manual methods of managing inventory level isn’t just enough. Which is why companies need to have a Re-Order System in their ERP.
A reorder system analyzes the flow of stocks in and out of the inventory. Once the analysis is done the system fixes a reorder point. After the point is fixed it turns easy to maintain the inventory at an optimum level. Knowing the reorder point is ...
The GST council has introduced electronic- invoice or e-invoice for business to business (B2B) transactions. This system is to be implemented in a phased manner from 1st January 2020 on a voluntary basis. This mechanism has made it easy for taxpayers to report invoices to the GST system. The process standardizes the invoice submission process, ensuring the fact that there is no confusion.
Businesses adopting this type of process will ensure that the invoice shared by...
ERP is all about its capability to manage data from various functional areas of an organization. It revolves around finance & accounting, sales, HR, supply chain management, etc. Every module comprises data with which an organization makes important decisions. Hence it is vital to categorize these data. This gives an organization a structured approach to store and arrange data.
Details regarding employees are stored under this category. De...
A CRM (Customer Relationship Management) and ERP (Enterprise Resource Planning) are two necessary tools used by a business today. CRM handles all front end operations whereas an ERP handles all back-end related operations. Although the two systems are unique, when the two are combined they can improve your business in so many ways.
ERP and CRM if used as two separate systems by an enterprise give rise to manual work...
A trading industry has to undergo several challenges, its difficult for companies to forecast demand, generate revenue report and keep track of sales. To overcome these challenges, the trading company should opt for cloud-based ERP solutions.
In today's time, ERP is a must to manage businesses effectively and efficiently irrespective of the size of the businesses. ERP is an inevitable choice for the trade industry because of its diverse functions/modules that help i...
“Managing your Inventory is the first step to maximize revenue and profits”
The tire industry is one of the oldest and booming verticals in India. With increasing competition and demand, tire companies are looking for ways to deliver faster and reliable services. One of the major problems a tire company today faces is “Inventory Management”.
Companies need ERP software to manage their inventory as it not only auto...
Organizations today need an affordable, practical and simple solution to meet the requirements of the customer. For this, it is essential for marketing, sales and distribution to seamlessly exchange data at all times. To achieve this, organizations need an ERP to maintain a seamless exchange of data throughout the business process. To make the most accurate decisions, a Cloud ERP with inbuilt Business Intelligence is require...
With a flood of information to manage every day it gets difficult for businesses to focus on tasks important for business growth. Almost 30% of the working time is spent on searching for documents. If business information exists on paper, a disaster like a flood or fire can cause major losses to the company.
Document Management is indeed a challenge for businesses as it involves a lot of documentation from different departments like reports, contracts, nondisclosure ...
Imagine you enter your office cabin and find your sitting area full of important paperwork and files to evaluate!!
Now, Imagine yourself in your office and find your sitting area with a laptop on the table to work on with room only to be given to your family photo frame.
Which scenario do you like the most??
The second scenario is what you would always find the best.
ERP provides services that eliminate the system of manual work and redundanc...
