With the chaos started by Coronavirus, it isn’t simple for any company today to manage their business. Definitely, everyone is trying to work remotely. But adapting to this type of work culture is going to take time. To make it easy for everyone to work remotely people are opting for management solutions like ERP. Many companies have already been practicing to manage their business process through an ERP but not completely depending on it.
With the conditions outsi...
Customers are “GOD” to a business. Not giving them a good experience can result in a huge dent in the profit bank of a company. Especially at a time where Coronavirus has created a “huge” chaos. Don’t let them go, primarily during the crisis. Your customers have several options in the ocean. But during these times you don’t have an option.
Adopting to ERP solutions leads to improved internal business processes. With improved proce...
The Reserve Bank of India has given its permission to all the loan providing institutes to offer a moratorium to their borrowers, effective from March till May. This order was passed keeping in mind the pandemic situation that has caused huge chaos in the country. Impacting the lives of several individuals and businesses.
The three-month moratorium means a borrower doesn’t have to pay the loan EMI instalments during the mo...
Businesses are facing a slowdown in terms of their operations since the arrival of coronavirus or COVID-19. Keeping in mind the health of every individual the government of every country has announced a lock down, to ensure that everyone is safe and away from the viruses adverse impact.
This decision is a major setback for several businesses. Most companies are able to manage their operations because they made the decision of implementing an ERP even before coronav...
The micro, small and medium enterprises (MSME) are the backbone of the Indian economy providing employment to many. With the right technology in their hand and at the right time they can bring a positive change, in the way they work.
MSME has a huge potential to grow. They can harness this potential using an ERP by giving organizations a 360 degree approach, this includes analytics, finances, high-speed deployment, managing human resources, inventory, supply chain and ...
From leisure to accessing information, the modern lifestyle demands to have a smartphone. Gone are the days when people had to be around their computers or carry their laptops when it came to managing their business tasks. The best thing that happened for modern businesses today is Mobile ERP. Be anywhere around the world, you carry your business in your pocket.
ERP has its own set of advantages. Mobile ERP gives another level of advantage to businesses. It not only k...
No businessman wants to face a downfall. All they want is their businesses to reach new heights on each step of the way. The biggest challenge of all rather a very common challenge businesses face today is streamlining their operations. Which is why the new age business today rely on management technology solutions like an ERP (Enterprise Resource Planning) or CRM (Customer Relationship Management) or POS (Point of Sales) or HRMS (Human Resource Management System). If you are...
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...
