Tag: ERP ROI Calculator

Return on investment with eresource ERP

Deliver Return On Investment with ERP software of eresource: A flexible ERP, a reliable ERP, a user-friendly ERP, an affordable ERP, these are some of the features that make eresource ERP stands out from the rest. It is a known fact that due to the economic slowdown it has become a question of survival for majority of the small and medium scale industries in India. The rapid functionality changes in the business environment forces them to be more aggressive, competitive and intelligent. To keep pace with the rivals in the field every organization need to make some smart moves to take their business ahead and help yield a pre-conceived profit. A good resource planning system required to support any smart move to make the desired results. This is the juncture where eresource ERP plays a major role by conceiving and implementing a most reliable and suitable ERP system in place, which obviously results in good ROI (Return on Investment). It is not surprising that eresource ERP has bagged the prestigious UDYOG RATTAN AWARD for Excellence for its services. We are very proud to be the number one in our field in the country. Being the only exclusive home-grown WEB-BASED ERP, our customers are bound to yield a good return on their investment and tremendous growth in their business without any worrying factors. What is more exciting about eresource ERP is, it not only addresses all your day to day business challenges, you will also get a healthy return on your investment quickly and faster than you probably think. eresource ERP can yield higher net profits by: 1. Streamlining your supply chain 2. Improving customer relationship 3. Reducing operational cost 4.Allowing real-time access to information 5. Providing foundation to growth Also Read – ERP Software for Infrastructure Industry

eresource ERP implementation and Return on Investment

ERP implementation and ROI it is not only the successful implementation of ERP is the prime objective of eresource project management team, but also to help achieve a return on investment (ROI) in the shortest possible time. Return on investment does not just imply in terms of financial gain. It can be in terms of the growth in productivity, efficiency, or in terms of overall improvement in the performance of the company or even to the extent of better transparency in the operations being carried out by the firm and of course, the satisfaction of the users. eresource ERP implementation also results in bringing together various sections of the organization like personnel, material and processes. This may help change the organization’s working culture. Also Read – Construction ERP Software in UAE   Issues in ERP implementation Every organization has its own cultural or organizational structure. In this situation, it is natural for them to be sceptical about ERP, since it is felt that their businesses are unique, organizations varying and cultures different. However, there is no need of such concern as eresource ERP package has been designed and is being continually upgraded to incorporate the best industry practices to suit most industry segments. With thorough and dedicated BRP study and adapting those changes in the business process well before implementing the eresource ERP shall help make things smoother. It is therefore recommended that this methodology is followed; otherwise there is chance that most of the time users are left frustrated. This leads to poor participation and costly delays. It is important to understand that an ERP packages not necessarily fit in completely with the existing business practices of most organizations and hence, the onus is on the users to appreciate this fact and to work with the implementation consultants in trying to adapt to the package. In doing so, they don’t have to feel that they are compromising on their business effectiveness; rather, by accepting the package, they are adopting the best of breed business practices and ensuring the successful implementation of new system. Also Read – ERP Software Company in India The other important factor is that the users do not expect a reduction in their workload immediately after the implementation of ERP and should not look for a miracle to happen. An ERP package is only an enabling tool and improves the flow of information and formalizes all the business processes and workflow that exists in an organization. It helps users to do their jobs better, which may call for additional efforts. If one has to have more information in a system, it entails more work for more users, but the benefit is that this information is properly stored and can be fruitfully uses by other users in making better decisions. As the flow of information throughout the organization improves, the company starts performing better and this in turn benefits the users who have collectively improved their way of working. The package design and the architecture facilitate the availability of information to all authorized users in a useful way.   Also Read – Manufacturing ERP Software in UAE

Go for an ERP that can bring attractive ROI

ERP and ROI: During our deliberation about ERP with some of our clients we have came across questions raised on the necessity of an ERP system. They can’t be blamed for their doubts. Because their organizations typically have software systems that performed much of the component functions of ERP. In this case it is our duty to make them understand the functioning of web-based eresource ERP system and what makes our system different from a standalone system. The integrated eresource ERP software provides a degree of interoperability that was difficult and expensive to achieve with standalone, custom-built systems. eresource’s web-based ERP serves many industries and numerous functional areas in an integrated fashion and automate operations from supply chain management, inventory control, manufacturing scheduling and production, sales support, customer relationship management, financial and cost accounting, human resources and almost any other data-oriented management process. Web-based ERP systems have become increasingly prevalent in almost all major industries and it is gaining wide acceptance among Indian SMBs. Being the most affordable ERP system available in India today, it is not a surprise that the usage of eresource ERP is growing rapidly. With a cent percent success rate in implementation eresource is becoming the first choice for organizations looking for substantial return on investment (ROI) though their enterprise system. With eresource, business operations have become much easier. For example, when a salesperson enters an order in the field, the transaction can immediately flow through to other functional areas both within and external to the firm. The order might trigger an immediate change in production plans, inventory stock levels or employees’ schedules, or lead to the automated generation of invoices and credit evaluations for the customer and purchase orders from suppliers. Every growing organization must realize that ERP systems have become the most significant IT investment for most companies in their capital budgeting. It is the business category that plays a very important role in choosing the right ERP and the successful implementation. Because of the specific features of resource ERP system, it is expected to go well with majority of the business process. eresource is being implemented successfully in major industrial segments and there is no concern about its functionality and module compatibility. Numerous case studies conducted successfully proves eresource ERP is one of the best enterprise software solution available in Indian market today.   Also Read – ERP system for Construction Industry

eresource shows the way to reach the zenith of productivity

eresource  ERP & Productivity eresource ERP system allows organizations to exploit B2B advantages and improve CRM (Customer Relationship Management). Before implementing an ERP system in an organization a deep analysis of its business requirements and operational methods is required. eresource is a pioneering ERP solution provider and clearly understand every requirement of an organization. eresource ERP system helps an organization to deal with Inter-enterprise process engineering (IPE), Business-To-Business (B2B), customer relationship management (CRM), Data warehousing and Costing models. eresource ERP System connects your suppliers, customers, and your organization becomes fully equipped with a B2B system. Today there may be other ERP system which provides some of the features provided by eresource, eresource facilities your end users with adequate training to use the system to the optimum utility which will make not only your business grow to new heights but also can make the return on investment (ROI) from your system more commendable. What is to be remembered is that eresource ERP system is not just ordinary ERP software. It is a web-based business solution application which has been integrated with modules for every business operations of an organization. There is a misconception about customer relationship management and many people think CRM is just a tool to analyze the marketing contacts. CRM module in eresource ERP is much more than that. Very powerful and a complete Financial Management module is another highlight of eresource ERP. The Financial Management module in ERP allows accounting staff members to more effectively track net cash flow, accelerate and manage order to cash cycles, and better negotiate and execute purchasing agreements. Apart from the above modules eresource ERP system can also deliver significant improvements in other areas, enhancing many non-financial processes such as payroll, quality control, resource allocation and scheduling for project management teams, supplier relationship management for purchasing and procurement departments, and training and time and attendance tracking for human resources groups. Web-based eresource ERP system also enables companies to maximize the utilization of both human and financial resources, better track vendor managed inventory and other off-site or remote stock, and significantly improve workflow management by better planning, mapping, and executing key processes across the business. Being an affordable ERP system, eresource ERP can help companies achieve and maintain a solid competitive edge, reaching the zenith of productivity and cost-efficiency.   Also Read – Transportation erp software

Enterprise Resource Planning and Return on Investment

ERP and ROI   Though many organizations spend lot of time and money researching, analyzing and justifying an enterprise resource planning (ERP) purchase, they hardly spend any time to scrutinize whether the application performs satisfactorily and gives the required output. If organizations don’t establish specific performance metrics, it will be very hard to gauge how well that product is working to meet their objectives, let alone correct any performance gaps. Given that ERP system is somewhat expensive, some might wonder why more organizations don’t engage in a thorough, after-the-fact audit. Reasons range from a lack of involvement by senior management to anxieties about whether the project will live up to its promise-and whose feet will be held to the fire if it doesn’t. And somewhat surprisingly, after-the-fact audits are often skipped because no one agrees on what precisely constitutes a successful ERP program. When the majority of the people you ask not may not sure about what an ERP is, it makes little difficult for your to search for the people who may know it thoroughly. On a technology level, ERP software integrates a company’s departments and functions into a single program running on one database, a valuable step forward for improving efficiencies, because integration speeds up business processes. For a HR manager, ERP system is something different application from a production manager. For him/her it is a system for the employees to interact with each other. But getting bogged down in definitions is beside the point. The point is whatever methodology you use to measure your ERP, it should be applied consistently across the organization at specific points following the implementation. How often you measure your ERP system will depend on the size of your organization and the depth of your software change. Typically, an audit should occur halfway through the implementation, again at three-quarters of the way through the implementation, and when it’s complete. Then, you should follow up every quarterly. There may be some further questions that how can the ERP applications be measured up? Only a systematic, disciplined approach to measuring ROI can provide the answer. However, if the ERP audit focuses only on productivity gains, such as how many steps it takes to complete a shipping label, you won’t get the clear of ROI. To get a clear picture the audit must take into account how well employees interact with the ERP software. Whether the system empowers them to accomplish key tasks? How quickly do they adjust with its functioning methods? To get the actual result, user surveys should be conducted immediately after the training period and again six months later. A polite approach to the employees to enquire about the functioning of your ERP system could get you closer to the software and its functioning. It will help you understand any shortcomings in the system as well as the need of further training to the employees which could make them more comfortable with the system. A logical and systematic approach to the ERP system by the employees is a must for a good result that ultimately reflected in the organization’s return on investment (ROI).   Also Read – ERP Software for Manufacturing