ERP for Real-time Business Operations eresource ERP system is built around industry best practices, which stimulates the operating procedures in a real-world workplace. While all established companies would like to follow the best practices procedures, in some of the ERP products the real-world practices have evolved to suit the unique business requirements of the particular organization, which ultimately results in mismatch of both these procedures. What happens when the misfits occur is the ERP system can’t meet the needs of the users. In such cases, compatibility is lost and the quality of use is reduced. This causes user dissatisfaction, errors, workarounds, loss of productivity, the inability to realize expected benefits, and, ultimately, the perception that the system is a failure. eresource ERP system, when developed as per the requirement of our customers, takes extra care with more professional approach to fulfill the best industry practices and real world-practices in a hand-in-hand method. When implementing an ERP system that enhances work practice compatibility, care must be taken to adapt either the system to suit the needs of the users, or the users’ existing practices to suit the business model embedded in the system. To the successful ERP implementation bidirectional transfer of knowledge between the system developers and users of system are an important factor. Our professionals are much experts in carrying out this task in a more scientific way as they understand their task clearly and more proficiently. Also Read – ERP in civil engineering Above factors which makes an organization find their operations easy and efficiency, place the ERP system as the most sought-after business solution software today. Both the big as well as small and mid-size enterprises (SMEs) are facing greater competition across diverse industries, success depends on having the ability to keep pace with rapidly changing customer and industry demand and execute in a short amount of time. The agility to quickly seize new opportunities and the flexibility to achieve sustainable business growth is another success factor for the mid-sized enterprises. With pricing pressure and the increasing power of large rivals in some segments they have a critical need to optimize business processes, cut operational costs and improve customer acquisition and retention rates. It is a promising sign that the small and mid-size enterprises are recognizing integrated business management solutions like eresource ERP are essential for their growth. They are also realizing that eresource ERP system is becoming necessity for the scalability and keeping up with competitors, The most welcome aspect of this application is that it has become more affordable, easy-to-implement and adept at addressing industry-specific business processes. Also Read – Best ERP Software for Construction Industry
eresource’s Cloud ERP system is getting much acceptance among mid-sized companies as a reliable enterprise application, and the customers opting for this system Is increasing gradually every day. Considering the efficient working mode of this software coupled with minimum investment and advantages of easy deployment method, it is not a surprise its popularity is skyrocketing in the ERP market. eresource ERP system has been developed and implemented with adequate technical support can deliver immediate and real business benefits to its users. As eresource ERP focuses on targeted solutions for all industrial segments, business benefits of the system becomes more tangible for customers. However, it is also important that to make this cloud ERP operation success, companies should consider data quality issues, staff training and methods to distribute business intelligence to end users. As Cloud-based is also web-enabled application, eresource Cloud ERP system needs only a few menu selections to free up computing power from the cloud whenever operations need additional resources. Whereas the on-premise ERP system takes months to be implemented, eresource’s Cloud ERP can be deployed and made operational within couple of week time. Also Read – Construction ERP Software Apart from the advantages of quick time implementation, the system also covers wider areas of an organization in its operational areas which can help the organizations with faster return on investment (ROI). eresource Cloud ERP also helps organizations reduce capital expenses and it eliminates the need of buying additional hardware every often. This ultimately brings organizing organization’s resources effectively and efficiently through a steady and methodological way for expenses. When it comes to eresource Cloud ERP, small and medium scale industries are the one that could benefit maximum. Most of these organizations in India are on the growing path, unwanted expenses incurring in the way of investment in an exclusive IT departments and the executives to maintain and manage its successful operations will mar the progress chart. When a ERP system like eresource Cloud is implemented, unexpected expenses can be curtailed and funds can be diverted to other areas which will help the growth graph to go higher. Also Read – Transportation erp software There must be a proper planning before implementing an ERP system. The decision makers must sleep on the idea of an ERP concept for a while and long discussion with expert and other IT professionals from their organization must be carried out. Proper evaluation of an ERP system also could bring a clear picture of what they are going to have in future. From eresource part, our consultants are are always ready to clear any doubts pertaining to the ERP system in general and cloud ERP system in particular. A continuous interaction between company executives and our consultants will clear the way to understand our system more closely. We have opened many channels to make the communication an easily accessible method. We have provided an enquiry form at the bottom of this page. You are welcome to fill out the form which will be attended quickly and timely with adequate information. You can also reach us through phone call. Our hotline numbers are provided at the top of every page. SMS facilities also provided to make the communication channel wider. Also Read – ERP Software for Manufacturing Industry
What is an ERP system – Over the years the concept of an ERP System has witnessed massive changes in the business arena. From the question what is an ERP to the questions asked by majority of the business community today is which ERP to be implemented? Therefore the progress from what is an ERP to which ERP shows the growth of ERP system in the business sector. As the benefit from an ERP system started taking business to much higher level, companies have realized the importance of investing in an system that not only bring good return on investment but also helps overall progress of their business process. In the competitive business field, the heat is started to feel by the large and small as well as midsize companies. They have left not much sleeping time for important decisions. Challenges faced by them started increasing day by day with ever-growing competition and their survival based on how they will overcome these challenges. There were no short cuts. The scenario has become survival of the fittest. Businesses have realized that the infrastructure, whether it is in the form of man power strength or the software system, must be streamlined and handle the workload successfully on a time bound basis and help deliver the result in a desired manner. Customers are the backbone of a business. The relation with your customers must be maintained a high level quality to achieve success in the business. The faith their customers keep with them is very important and to gain that faith businesses need to have an ERP system with good customer relation management module. Professionals from eresource ERP System identify the requirement of every department through a comprehensive analysis before the development of the ERP System for an organization. All the details including the production details such as the raw material requirement, stock available, stock to be ordered, delivery time, production details, man power required, time required for production and all that need to bring out the product on time on a required manner are taken into consideration before the actual development of the system. eresource ERP System also has the facility to send out emails alerts to other departments/braches and customers whenever necessary. eresource ERP systems promise to integrate an entire business with a suite of software modules covering activities in all areas of the business. Furthermore, our ERP system is now being prompted as a desirable and critical link for enhancing integration between all functional areas within the manufacturing enterprise. eresource ERP system has been defined as a packaged business software system that allows a company, to automate and integrate the majority of its business processes, and share common data and practices across the enterprise. Through integration of various functions in the organization, managers and staff alike can use timely information to make better decisions and to perform activities, which add value to the company. Most of the time ERP implementation has been considered a costly affair, which forces many small and medium scale companies shying away from implementing it. eresource ERP system has become answer to all these worries as this ERP system has become most affordable and effective ERP for SMEs in India. Write to us for your requirement and the quote. We will get in touch with you soon with a comprehensive report on your requirement and quote. Also Read – Manufacturing ERP Software
Successful ERP Implementation and Operations of an ERP Solution We are living in the technological era. To be successful in this era, every organization need to be a technology-driven one. ERP Software or Enterprise Resource Planning being an essential business application, ignoring or down-sizing the usage of this marvelous technological advancement can backfire the growth of a business organization. eresource ERP, one of the leading ERP software solution providers in India today, excelled its technology in almost all the industrial verticals. You name it and we have it. From manufacturing to trading industry there are numerous industries that have benefited from eresource ERP during the last decade. With our recent addition of ERP solution for Car Rental Services, we have widened our operational areas and there are many more are in the pipeline. Over the last decade we have successfully implemented our ERP software in many different industrial segments. Although some of these were new to usage of ERP software system, some of them were using a MRP solution in place before embarking into eresource ERP solution. These companies, however, noticed that their MRP system formed islands of data that inhibited information flow. It was inadequate for the needs of these companies whose businesses were large and complex. For a successful ERP implementation and operations of an ERP solution, an organization must do some pre-planning and a systematic re-engineering. Re-engineering of operations must be carried out with the future course of growth into consideration. It is also important carry out thorough analysis of the ability of applications to meet core business process needs and identifying gaps between core needs and existing application’s features and functionality should b e documented well with alternatives, including estimates of all resources and schedule impacts. It is a common belief that ERP system is a complex application especially when when it comes to handling multiple functions and some of the ERP packages that were implemented years ago prone to serving only individual functions. The scenario has changed massively and today Web-based ERP solution such as eresource ERP handle any complex and multiple operations easily and quickly. eresource ERP software could not only integrate different functions from different departments but also different function from different industries. In the earlier days ERP solutions were used as an exclusive internal solution of an organization and even all employees of in the organization were not aware of the existence of a technology under their nose or they have lacked the information about functioning. With the advent of Web-based eresource ERP everyone in this organization started realizing the functionalities of an ERP solution also its benefits. Though there was awareness that ERP system was a web friendly application the advantage has not been fully explored, until eresource made its entry. However other ERP solutions had its own reservations in using internet abundantly. eresource ERP worked on them and hence became totally a web friendly application. There is also misconception that an ERP system is only for the large organizations. However, that is not correct. We can say with confidence that the Small and medium-sized businesses are the major beneficiaries of ERP system and they are the main force that pushed the ERP growth in India. Also Read – Best ERP Software for Manufacturing in India
Business Intelligence in ERP Systems Business today can succeed only if it has a powerful forecasting solution and ERP is undoubtedly the best solution for a better forecasting. It will be better if organizations realize without accurate forecasting, businesses can’t always deliver on the promise. An effective ERP system that enables Integration between front-end sales and back-office systems in organization can now forecast the seasonal and cyclical spikes and dips. Eresource ERP enables reduction and elimination of bottlenecks and shortages in business processes. As the customers always expect a fast order-fulfillment, a cloud-based ERP system such as eresource with integrated capabilities and business intelligence tools, is just what the need of the hour. Our ERP system generates a statistical forecast for each item-location combination as per the norms set by the e user. The user can then make adjustments to the system generated item-location forecasts and aggregate them nationally, regionally or by other criteria such as product, class or market zone. There are also options that allow further adjustments which aggregates and be prorated back down to the item-location level to drive production and deployment decisions. An effective forecasting method will help the organization in many ways to organize its business process. Apart from the forecasting method, the ERP system will enable to generate quick orders and distribute it to the other people who have involved in a matter of seconds. This will not only save the time but also can avoid unwanted paperwork. As all the staff involved in the process will working on the same information there will be less chance of mistakes happening in between the work process. Once implemented, eresource ERP starts its functioning and starts with deal with the people in charge of handling stocks. This is because these people are the first ones to know when a product is not going to be available, and when there is going to be plenty of another one. This will help the ERP system to guide vendors to reduce unnecessary stocks by offering the product that might be exceeding reasonable inventory. Our ERP system, which has an easy to operate interface allows easy process of invoicing and delivery that can be managed with the click of mouse button. When an order is entered all the information is available for vendors to deal with clients at the same time that they are dealing with stocks, prices and possibilities of discount. This information arrives correctly and in a complete way to the rest of the employees speeding up posterior work. eresource ERP system can bring a kind of magic that simplifies daily tasks to your organization. It keeps your employees updated about what they need to know to increase their efficiency levels. Over and above this system also gives you the chance to control anybody at anytime. Also Read – ERP Software for Manufacturing Industry
Eresource ERP Customer Service eresource ERP solutions from eresource Infotech are totally a web-based ERP solution and cover everything needed to run an organization irrespective of size of a company. eresource offers exclusive ERP solutions for various industries and operations such as Manufacturing, Pharmaceuticals, Construction and Infrastructure, Trade and Sales, Preventive Maintenance and Human Resources etc. eresource ERP solution is best known to be less expensive, easier to implement, and easier to maintain. Being a Web-based ERP solution the solution provides real-time information about all the operations of an organization that includes finance, purchase, inventory, employee management, e-commerce and many many more. This browser-based application allows you to work from anywhere at any time with use of a desktop or laptop which has a net net connection and a browser application. eresource is following a widely accepted approach by providing exclusive ERP system for each and every industry. This is in keeping with our primary objective which is, give what the customer wants rather than what we have. This also could be the reason behind our unmatchable success. Having said that, developing exclusive ERP system for various industries are somewhat a complex issue as all customer-specific functionality must be included in the system effectively. Initially when we launched the system there was just one common ERP system that has been developed serve all segments. It must be admitted that developing such a package was not easy. As everyone knows that meshing the specific needs of thousands of customers into a single coherent package was not only that easy but also complex. However, eresource’s top quality expert came out with a novel idea and developed exclusive ERP systems for different industrial segments. We have also simplified the implementation process and enhanced operational methods which can support early return on investment (ROI). Another important factor about our system is that it has been developed in keeping with the Small and Medium Enterprises (SMEs) of Indian market in mind. Therefore utmost care has been taken with its operational method, functionality and investment cost which must be suited to address the SMEs requirement in a rightful manner. There are number of reasons why eresource’s target ERP customer which is mainly from the SME sector. The bigger players in the market with their standard ERP products are too hot to be handled by the small companies. Though there are many factors involved in this, the high cost involved in implementing such services are one of the primary concern. Secondly the heavy customization that is needed in these standard ERP systems to suit their requirement that many a time becomes doesn’t bring the desired result. Thirdly. the annual maintenance and other regular technical assistance whenever required. Being locally placed, an efficient technical service of eresource is available 24×7 For further details and discussion let us have a one to one meeting with a live demonstration of the product. Call us today so that a meeting can fixed according to your convenient. Mail Us at sales@eresourceinfotech.com for Live ERP Software Demo Also Read – ERP Software In India
Stimulate your business by choosing right ERP – eresource ERP software Having discussed in details about the user’s role in successful ERP implementation, it is time to look into the other element which is the consultant or you may refer them as vendor or ERP solution providers. The task of selecting a suitable consultant is very important and there is no point in cursing the consultant later for their poor performances. There are various reasons behind poor performance and the prime being the poor industry knowledge followed by lack of knowledge on client’s key success factors. The other factors are lack of understanding of user’s perspectives and also limited consulting experience. A soft approach towards customer and user is a way to show the consultant’s integrity, which many consultants do not possess. Adamant attitude will help bring only unfruitful result. The problems should be solved with loyalty and dedication, which will boost morale of both the customer and the user. Unfortunately, this does not happen with every consultants, which prompts some company to believe, ‘consultants know nothing; they come here, learn from us and then vanish one day for the self-betterment without solving our problems.’ Interestingly, in many cases, consultants are not blamed for their poor ERP product knowledge, but for their approach. Contradictory to the above, Eresource ERP clients are extremely happy with our product service as well as our approach. All of our personnel are professionally qualified along with long years of functional experience. A good ERP consultant should be an equally good business consultant too. This may help in reengineering of existing set-ups in the client’s side to improve ERP performance. To improve ERP performance it is very important to focus on reengineering of existing set-up in the client’s side. The expected qualities of the ERP consultant are that they should have adequate level of pure functional experience, a deep knowledge of ERP product, must possess good HR skills with convincing abilities and eye for process improvements rather than automation. They should also have a cool head with a composed personality. Many a time consultant needs to encounter various ‘orphan’ activities and deal with them in a proper manner. The following incident will indicate why an efficient consultant is needed to address these issues. The design department in an engineering company used to claim that making Bill of Materials was their job, but selecting and arranging branded components required by customer should be the purchase level decision. And the problem was, purchase may select some economical brand, which in turn affects the performance of some other assembly, hence, again, the design department comes into picture. The process was continuous and creates a lot of back and forth interactions for one decision. Users were demanding the automation of such discussions across departments in ERP. Also Read – ERP system for automotive industry In this circumstances what to be done by the consultant is to revamp the whole process of BoM structuring in the organization. They must convince the client to form a cell of BoM structuring for complicated customer configurations. The cell consists of each user from marketing, engineering planning production, purchase, and also from accounts. In fact, by doing this the consultant had reengineered the functional set of the organization into a temporary process set-up for improving decision-making quality and speed. Eresource ERP consultant follows a few general guidelines regarding BPR preparations required during consulting. It is the job of consultants to take only the policy decision from users on various scenarios and then design, map and implement and process suitable to user’s culture. In such cases, it is better to avoid more discussions. For example, in one company, the same item was available in domestic as well as in imported market. The price difference was high. Since the company follows standard costing, ideally there should be different identification for the same item having such price differences to account for inventory costs separately because it has not implemented Lot Control Module. The company was unable to understand the need of separate code of them item. In this case the consultant must be able to convince the accounting repercussion to hardcore functional guy from stores. Since the user doesn’t understand commercial, operational and legal implications of the process completely in the ERP, consultants should exhibit dominating role in such cases to ultimately give the best out of ERP to the user. The consultant who can manage the implementation with the above qualities and techniques can be classified a genuine, reliable and a simply good consultant. Without doubt, eresource ERP stands tall here. Also read – ERP for Plastic Industry
ERP Scope: eresource ERP is a modular solution built for vertical enterprises, which supports Sales, Purchasing, Supply Chain, Inventory and Material Management, Quality, Research and Development, Production, Quality, Finance, Human Resource, and service functions, amongst others. eresource ERP’s major strength lies in the manufacturing module in ERP that provide multiple benefits. eresource, ERP is key to business process automation. eresource ERP helps you control your day-to-day business, irrespective of whether the day is spent on the shop floor or around the board table. Once implemented, eresource ERP will be the heart of your manufacturing business, the wheels of your distribution channel and the brain of your planning activities eresource ERP is the most reliable enterprise resource planning application, providing organizations with the strategic insight, ability to differentiate, increased productivity and flexibility they need to succeed. eresource ERP helps drive innovation and supports future of your organization. Also Read – ERP Software in India eresource ERP benefits at a glance eresource ERP offers the functionality you need to increase efficiently across your enterprise. Completing daily task efficiently – Business automation Integrating department for real time collaboration and security. Linking branches, factory, sales, purchase, dispatch/delivery, supply chain management spread across different geographical location at real time. Uniform monitoring system for customer, suppliers, vendors and partners Managing organized and streamlined business process – purchase, sales, Inventory, billing, production, receipt, payment, HR, Taxation, Excise and Exports. Maintaining efficient product catalogue. Keeping day-to-day track sales, dispatch & payments Calculating accurate production costing Accessing consolidation financial information Accessing daily report without depending on anyone. Timely Delivery and reducing inventory yet maintaining production cost. Maintaining best practices and introducing Industry best practices Ensuring that everyone in the organization is responsible and accountable Also Read – ERP for Plastic industry
Sales and Marketing Module in ERP At the midst of latest global business developments, ERP service providers are mainly focusing on mid-market companies with easy to use, rapid to deploy and cost-effective ERP solution. With the deployment of these ERP systems, companies can now leverage the extended functionality of their international business requirements. ERP systems also help them respond to complex needs, from data analytics, reporting and financial accounting through to management control and operational management (production, purchasing, sales, inventory management, etc). Sage, a global leader in enterprise management solutions, is now offering Sage ERP X3, its international ERP solution for mid-market enterprises. And in India eresource ERP has also recently launched its Cloud ERP version with its SaaS (Software as a Service) model. Companies who have implemented these type of ERP solutions are highly benefited and they are grateful to its unique ability to factor in the international aspects of companies’ business, especially by supporting a broad array of different legislative systems with just a single database. Exclusively developed for the mid-market, these systems cater to the every need their day to day business process. eresource’s Cloud ERP model is a solution that adapts requirement of every small to mid-market companies in Indian industrial segment. Companies that have deployed the system find comfort in their operational mode and they feel with this system they can confidently go about meeting their objectives. Indian ERP systems like eresource is serving the Indian market for almost a decade now and its effective system is capable to address mid-market company’s specific requirements and challenges in various industries from manufacturing, services to distribution and many more. Small and medium scale industries are the one that could benefit maximum from the Cloud ERP system in India, they are in the stage of growing path. Unwanted expenses incurring in the way of investment in an exclusive IT departments and the executives to maintain and manage its successful operations will definitely make a hole in their pockets. With the usage of this cloud computing application method they will be able to divert the resource in other areas that could help them grow further. When mid-market companies plans to implement an ERP they must really must get into a long discussion and have a thorough evaluation of their requirement about the ERP system. All ERP consultants are always ready to clear any doubts pertaining to the ERP system in A continuous interaction between company executives and the consultants will clear the way to understand an ERP system more closely. The requirement of companies also varies. There are cases which needs only updates of few modules. In some cases companies may subscribe to a demand-planning module or a production-planning program for an overseas plant rather than going with a full ERP suite. Whatever the cases may be, all options are available in the ERP market today. What you need is the right advice from an efficient consultant. Mail Us at sales@eresourceinfotech.com for Live ERP Software Demo
ERP Software Implementation Recently, due to the economic slowdown, there was little concern whether investment in the ERP by companies may decrease and the number of implementation will drastically come down. But it has been proved that these are speculations without any ground and during the last year growth of ERP software implementation have gone up tremendously and companies have realized that their decision to go with ERP has brought them a good return on investment (ROI). Though reasons to implement ERP system might vary depend on companies, there are some common reasons for many companies to implement an ERP system at this time. The primary reason is a slower economy that affords companies the opportunity to use their resources and implement the ERP system software successfully. The second reason is that many ERP software vendors are aggressively pricing their solutions in response to a slowing economy situation; clients are now able to procure an ERP solution at a lower cost than in years past. And the third reason is that some clients are continuing to grow despite, or as a result of, the current economy, and these companies are investing in enterprise software that can help them scale for growth. Also Read – Streamlining manufacturing operations with ERP software Whatever the reason may be, what we would like to emphasis is that implementation of an ERP system will definitely will improve business performance. Companies also must take initiative to replace an old ERP or legacy system to increase efficiency and to standardize global business operations. Choosing the right software is not the only criteria while implementing an ERP solution. You also must make it sure that ERP enables measurable improvements to your business. In choosing an ERP software package and planning for the overall project, executives need to make decisions based on objective, unbiased information rather than gut feel. Companies must be well prepared before going for an ERP software implementation and must embark on a thorough ERP vendor assessment and selection process. Companies must also know before making a decision to implement an ERP system that what the company want to accomplish by taking on this challenge. ERP implementation should be carried out only after a study of impact of pros and cons that could bring to the company in its business process and return on investment. Success of an ERP modules will also depend on how it has been used. Proper training to the staff is very important when it comes success of an ERP system. In addition to training to employees to use the ERP system efficiently, executives should use the process of defining ERP business requirements as an opportunity to improve current operations, efficiency and effectiveness. The last thing a company should do is implement software to automate the same flawed business processes. Many companies implement ERP to automate their business process and this is where they fall flat. As mentioned above companies must study the scope of the ERP system they implement well before implementation and must make use of all its operational methods and utilization properly to achieve a positive result along with automated operational methods. Also Read – An ultimate guide to implement ERP software in Construction company
ERP Database Protection Every company has confidential information about its business strategies and other details which are considered be very highly important data. Therefore, it is important to see that this database does not fall into the wrong hands which could pose severe consequences for the company. Many steps can be taken to enhance the company’s ERP database security. Role-based IDs and passwords will ensure that users can access only the data they are authorized to view, based on their job function or position within the company. A practice of changing the password on regular basis by the users will be a good habit that could act as a ideal ERP data protection. And, data encryption, firewalls, and other measures can help you keep hackers, cyber-criminals, and other outsiders far away from your ERP software database. As you know an ERP database is perhaps one of the most vital assets the company owns. Keeping that ERP database protection from threats such as security breaches, performance issues, and technical breakdowns is crucial to ensuring continuity and consistency in your most important business activities. When there is a threat to your ERP software database all the major operations of your company such as human resources, production planning, procurement, accounting and finance and other critical back-office function could become standstill. But this kind of a security threat could be eliminated with advanced administration techniques. A good security backup could ensure that your ERP database is available and readily accessible at all times. By monitoring performance around-the-clock, system administrators can immediately identify and troubleshoot problems, to prevent productivity slowdowns caused by down time. Additionally, mirroring your ERP database using redundant servers can provide a much-needed backup that can be utilized in the event of a major system failure. Also Read – ERP Software in India Companies must also be prepared with other disaster recovery management. Today there are few companies that are prepared in the event of a major fire break out or a flooding situation. To face this kind of natural disaster the companies must be occupied with well-designed back-up plan in place. Loss of critical information and database could cost your company millions of rupees and will take your company back to years in terms of business growth. Today most of the companies see the opportunity to implement ERP system as to replace all of their old legacy business applications which can make their business operations more efficient with right security support. It is also to be remembered that when putting measures in place to protect your ERP environment is to not only safeguard the ERP database and related systems, but to secure all other systems that share information with it. Also Read – Features and Benefits of ERP systems in the food industry
What is the need of ERP software? Some may ask. The answer is not simple. Though we must understand that today there are lots of midsize companies face challenges specific to their industries. Businesses that make consumer product goods are concerned about regulations and reporting requirements, while public-sector organizations are worried about maintaining customer loyalty. Also, manufacturers are concerned about the commoditization of their products. A robust ERP package can help address these issues, as well. Though some companies have already implemented an ERP there are still many who don’t have any of these systems. At the same time, it is also to be noted that many ERP implementations in the midmarket are quite mature and ripe for replacement. Many midmarket companies must now also choose an ERP system on which to standardize after multiple systems were installed, perhaps through mergers, across the enterprise. Although it’s not necessary, midsize companies seem to prefer consolidating their business-management applications in one ERP package, at least in part to cut down on integration headaches. Vendors are aggressively vying for customers, launching new ERP solutions designed to meet needs particular to the midmarket and pricing them to meet a midmarket company’s budget. To further entice midmarket customers, vendors are also developing vertical solutions that target certain industries, such as manufacturing, pharmaceuticals, fleet management and construction, with built-in functionality that cuts down on customization. In an effort to simplify the notoriously difficult implementation process, vendors are also developing ERP systems that can be delivered in ways friendly to organizations with limited IT resources. Web-based ERP solution has become an ideal system for many of these mid-sized organizations as it is very cost-effective with easy implementation process. There are some companies that may try to develop its own ERP system in-house. Since designing and implementing ERP systems is not the business of most companies, the systems developed by the team will never equal in quality, scope, functionality, or technology with those created by software firms. These software firms or ERP package vendors can produce sophisticated packages and provide their clients with products that allow them to maintain a focus on their own chief activities, thus improving revenues, profits and shareholder returns. Thus, it always better to buy ERP packages ERP systems are getting better, bigger and have more features. Also, people who are specialized in developing such types of tools have developed them. Most of the tools would be customized to suit your needs. So unless and until your project or organization has a need that cannot be fulfilled by the available tools, it is better to buy the tools rather than make them. Also Read – Live ERP Software Demo
Adopt global best business practices Best practice is the process of finding and using ideas and strategies from other companies and industries to improve performance in any given area. Business has used best practice bench marking over the decades and realized billions in savings and revenues in all areas of business operations and sales. ‘As-Is’ best practice addresses or includes the present practice followed by the specific company which is planning to implement the changes required to keep itself in the league of other top companies in the industry. This is done in all functional areas like HR, Operations, Finance, and Maintenance. etc. ‘To be’ best business practices are generally the best practices which exist in the industry and have been refined over a period of time. Companies should aim at adopting their industry specific best practices for their future benefit. Preventive maintenance, activity-based costing etc. are considered as best practices. ‘To be’ best practice includes some of the practices which are already adopted globally and are taken as industry standards for swiftly operating businesses in a competitive global scenario. Also Read – Significant changes in business after using cloud ERP software Some of the best practices that can be adopted are as follows: Information Liquidity Much like cash liquidity, the liquidity of information is a measure of business success. In a successful company, data flows smoothly and information is transformed into economic value. Information liquidity is obtained by integration of processes and systems at all levels. Integration should be the driving force behind design, methodology, development and deployment of all IT systems. Availability As most companies become more and more dependent on IT, it is very important to ensure the maximum availability of the eservices. This does not mean that all IT systems have to be absolutely flawless and foolproof, but good through has to be given to what could be the consequences for the company if all or part of the IT services are temporarily unavailable, and what can be done to minimize these consequences. Also Read – Best ERP Software in India Agility Market changes constantly and so does legislation and technology. It is said that the product life cycles and their time to reach the market are getting shorter and shorter. As a consequence, IT systems have to be built for maximum agility. Cross-compatibility, reuse and lightweight functionality are the ideas to be considered. Costs Especially in times of economic slowdown, the costs of IT are under constant scrutiny. Unfortunately, it is very difficult to quantify the benefits of IT in terms of money and it is relatively meaningless to approach IT investments singularly from an accountant’s point of view. These costs also have to be related to non-quantifiable benefits for the company. Also Read – How ERP software is beneficial for pipe manufacturing industry
ERP growth is skyrocketing Demand for Enterprise Resource Planning (ERP) solution growing day by day. Experts are forecasting a huge growth of demand for ERP mostly in mid-sized organizations. The demand is due to the specialty of an ERP system to manage the increased customer service, efficient distribution system and reduced operational costs. Majority of CEOs/Senior managers share the same view that ERP is an important tool to achieve competitive advantage. The number of employees in an organization using the ERP system is increasing and organizations that have started with the basic modules are now expanding their system with subsequent applications. This is also another reason for the ERP growth. Another factor for the growth is many organizations replace customized system with standard application packages. Most of the medium ERP vendors are targeting the mid-sized organizations. This is because many of the mid sized organizations are working with applications which are non-integrated and on disparate technology architectures, built in-house. This has resulted redundant technology, loss of support, non availability of critical information at the right time resulting in overall business loss. ERP vendors in India have found it an ideal market by exploring the SME segment. There are lot of demand persisted in this market, which on the other hand helped to growth the ERP market in substantially. Also Read – How web based ERP software helps remote workers Knowing that majority of Indian manufacturers are small by global standards and requiring easy-to-use ERP solutions to meet their specific process requirements, ERP vendors in India have come out with ideal solutions which can not only match their needs but also their budget. Now almost all small and medium enterprises across industry verticals and micro verticals, such as pharmaceuticals, chemicals, fleet management, automotive, modular kitchen, construction, infrastructure, and textiles, are leveraging ERP solutions to gain sustainable competitive advantages. With the advent of on-demand deployment of ERP software and also web-enabled ERP solution, the user can access the software through license as a Web-based service. The increasing popularity of the web-based applications account for the ERP growth, as the enterprise resources are maintained by a service provider. Growth factor also includes the competition prevailing in Indian ERP market. With the entry of international companies in the local market, the local vendors also steadied their products which are going to be a good sign as far as mid-sized organizations are concerned. Now they can find a wider market with ERP product suitable to their needs also in their limited budget. As the market is getting more competitive reliability and compatibility about the smaller players are unwanted. Today SMEs can choose the right ERP at their will with confidence which is, indeed a good sign. Also Read – What are the future trends for a construction ERP software?
Evaluation of ERP software Lot of articles have been written about preparation, planning and implementation of ERP project. Which organization needs an enterprise resource planning solution (ERP) and at which stage is to be discussed. Every organization which is planning to implement an ERP solution must perform an honest and thorough assessment of business needs and alternatives. This is an important factor of taking ownership in the ERP or any alternative solutions. Though there are plenty of good reasons to implement ERP including many “no brainers”, in most organizations the decision is not so obvious and one must objectively evaluate the validity of the proposed business case and timing, Therefore, businessmen must ask these questions before spending on ERP to bring some sanity to the decision-making process : Are the business and technical strategies that integrated in the new ERP system compatible with your business? What is the real problem you have with your existing software or your business processes? Would an ERP project be one of the top two priorities within the organization given other internal and external projects, initiatives, or probable events? The claims of the new ERP system actually result in better decision-making or make lousy managers more effective? Does anyone understand the data or capabilities of the current software? Can the new ERP system bring result-oriented performance so that the existing application which seems to be working fine could be discarded? Is the current application software gives you a sleepless nights? Is the current software is too old to be customized and no not supported by any vendor? Can a few purchased (and integrated) “bolt-on” applications do the trick vs. buying an entirely new package? Should a limited pilot project to be deployed to check the efficiency of the software before going to the full fledged implementation of new ERP system? Are the proposed operational benefits and cost savings of new ERP system authentic? Should all the implementation and support cost in the ROI be considered? It is advisable to hire independent business consultant to analyze the situation comprehensively. A need assessment is the first step which will be followed by the ERP readiness assessment, which are two different things. So think right and act right. No doubt, success will follow you. Also Read – ERP Software for renewable energy
Make your business process more efficient Organizations must realize that after the implementation of an effective ERP system all of its process becomes more efficient. ERP system will help all the major decision making including retaining a client. However, the organization that plans to implement an ERP system must be well prepare to integrate the system effectively. Organizations are advised to seek the help of an external consultant to find out how suitable is the organization when it comes to working with an ERP system. The external consultants are capable of evaluating and they identify the effective needs of the moment. It is a good idea if the decision about an ERP project could be carried out by a team of professionals from both internal and external for a more adequate design. This is because the main aim is not just about purchasing software, but to order all the pieces to match with it. In most cases some internal processes need to be redesigned before implementing an ERP. In addition to this, software is often modified to fit the ERP according to the enterprise objectives and activities. The combination must be as perfect as possible. Also Read – Top ERP Software solution for food industry In spite of its benefits one of the most important factor to be remembered is that ERP is not a just another software application in your organization. The system involves every internal process and must be preceded by a reevaluation of every section together with its functions. It is also important to note that an ERP will not change the management functioning on its own. You must keep in mind that it is an important and decisive tool, but in order to obtain a correct development you will have to decide carefully who is going to command it, as well as the way in which the data will be saved and how information will flow. Just implementing an ERP solution alone won’t help the organization make any success. Though the effectiveness of an ERP system could be measured by the improvement in the ROI, the goal of measurement is not to measure; rather, it is to improve performance and processes are the point at which this can be best accomplished. A well-performed ERP system can be maintained till about 15-20 years. In the later stages the package will have old architecture. It will become very difficult to make changes in the program code without inflicting hazardous damage to the system’s stability. It is possible to give older systems a ‘facelift’ with modern tools. Though those ‘facelift’ can extend the life cycle of the package for some years, they will certainly speed up the appearance of the useless codes. If your ERP system is under-performing, it is better to go for an overhaul of the system. There are numerous efficient ERP systems available in the market. Do the right evaluation as per your requirement and implement a suitable ERP system that could take your business success to new heights. As the saying goes – “It is better late than never”. Also Read – The best ERP system for trading distribution business
ERP for Real-time Business Operations eresource ERP system is built around industry best practices, which stimulates the operating procedures in a real-world workplace. While all established companies would like to follow the best practices procedures, in some of the ERP products the real-world practices have evolved to suit the unique business requirements of the particular organization, which ultimately results in mismatch of both these procedures. What happens when the misfits occur is the ERP system can’t meet the needs of the users. In such cases, compatibility is lost and the quality of use is reduced. This causes user dissatisfaction, errors, workarounds, loss of productivity, the inability to realize expected benefits, and, ultimately, the perception that the system is a failure. eresource ERP system, when developed as per the requirement of our customers, takes extra care with more professional approach to fulfill the best industry practices and real world-practices in a hand-in-hand method. When implementing an ERP system that enhances work practice compatibility, care must be taken to adapt either the system to suit the needs of the users, or the users’ existing practices to suit the business model embedded in the system. To the successful ERP implementation bidirectional transfer of knowledge between the system developers and users of system are an important factor. Our professionals are much experts in carrying out this task in a more scientific way as they understand their task clearly and more proficiently. Also Read – ERP in civil engineering Above factors which makes an organization find their operations easy and efficiency, place the ERP system as the most sought-after business solution software today. Both the big as well as small and mid-size enterprises (SMEs) are facing greater competition across diverse industries, success depends on having the ability to keep pace with rapidly changing customer and industry demand and execute in a short amount of time. The agility to quickly seize new opportunities and the flexibility to achieve sustainable business growth is another success factor for the mid-sized enterprises. With pricing pressure and the increasing power of large rivals in some segments they have a critical need to optimize business processes, cut operational costs and improve customer acquisition and retention rates. It is a promising sign that the small and mid-size enterprises are recognizing integrated business management solutions like eresource ERP are essential for their growth. They are also realizing that eresource ERP system is becoming necessity for the scalability and keeping up with competitors, The most welcome aspect of this application is that it has become more affordable, easy-to-implement and adept at addressing industry-specific business processes. Also Read – Best ERP Software for Construction Industry