eresource, one of the most reputable web-based ERP solutions in India and outside, has chosen to provide an ERP system that is specifically designed for civil contractors, dubbed eresource Nfra, in response to the growing complexity of the construction sector, particularly for the civil contractors. With its fully integrated intelligent ERP system, you can manage your budget and schedule more effectively, control and access data in real-time, and minimize the chances of losing or duplicating data entries—all of which can help you optimize your earnings. eresource Nfra for Construction involves not only transaction-based processing but also the projection of detailed cost estimations prior to the efficient execution and delivery of the bid-contract-sale chain. The eresource Nfra ERP system for construction is currently regarded as a highly sought-after ERP solution in African countries, including Nigeria and Nairobi, as well as in India and the United Arab Emirates. This is a result of the system’s clever integration with a few essential modules that have the potential to grow your company to new heights. Experience the difference! Read Also – Construction ERP Software in UAE Project estimation or Job Cost For an ERP solution in construction Estimating the project is the most crucial component. Since any construction project, whether it be internal or external, involves renovating or reclaiming land or facilities, or involves other developmental values, it always starts with an estimate of the project’s entire cost.A primary contract is the main driving force behind construction projects. Between the developer and the customer, this contract serves as the ultimate legal cost/revenue baseline agreement. Therefore, time and material tasking are among the important elements that need to be calculated in order to build a desired company consequence. – Time and material tasking method: – Full audit recording of all budgetary modifications; – Comparisons between the current and historical budgets; – Storage tasking – Job-based category management; – Comparisons of actual and estimated costs; – Calculations of variable costs, such as gross/net income and percentage of completion; – Applied computations related to earned revenue and cost-of-sales estimations Read Also – Rental ERP Software Effective Management of Finances Financial management needs to be done with more precision when using an intelligent ERP system. Complex building systems, such as eresource Nfra, comprise the following: – Management of contracts – Indexing of contractors – Materials handling – Equipment supervision – Time and invoices – GST and other control of government policies – Management of purchase orders and change orders – Management of operational inventories Read Also – ERP Software for Process Manufacturing Industry Commendable Payroll capabilities The Human Resource Management module of the eresource Nfra ERP system now includes deeper reporting capabilities in addition to an orientation toward hours-expended vs estimated-cost operations, expanding its payroll capabilities. Effective integration has been made between this module and taxes, employee insurance, EEO reporting, labor costing, labor cost control reports, and real-time payroll processing. Reliable Customer relationship management (CRM) Another helpful module in the eresource Nfra construction ERP feature for construction organizations is Customer Relationship Management (CRM). CRM can be utilized to expand your company, but it’s primarily employed for creating new bids. You can manage each client or project based on how close they are to closing a contract if your ERP CRM has a sales pipeline. As we mentioned above for suppliers, you can also use Nfra ERP CRM modules to stay in touch with owners and developers. Tell them about your accomplishments, no matter where they are. Also Read – Manufacturing ERP Software Trusted Supplier relationship management (SRM) Similar to CRM, SRM is another element that supports maintaining a cordial working relationship between the subcontractor and the business. Maintaining a positive working relationship with a subcontractor can be achieved in large part by providing basic feedback. The suppliers of the materials can also receive the same feedback. Doing business with someone we like and trust is preferred by all. By keeping lines of communication open and active, you can ensure that suppliers and subs like and trust you. Intelligent Project management Project management in the eresource Nfra ERP system can be used to create invoices for progress payments in addition to tracking milestones. You can prevent issues at work by using the project management module.There are two benefits to using NFRA ERP systems for project-based businesses. That is, run your company now and expand it for future needs. Therefore, keep these two edges sharp. Read Also – Project Accounting Software Please email or give us a call right now for further details and to schedule a live demonstration. Info@eresourceinfotech.com
Cloud-based Construction ERP Software Construction is one of the top-growing industries worldwide. And the introduction of ERP for Construction Companies is sprucing up the sector’s development. The advent of cloud technology revolutionized the construction industry by streamlining the work and implementing a unified business module. Moreover, research states that ERP platforms have helped construction organizations double their profit margins. A cloud-based construction ERP software is typically designed to automate all crucial construction processes. The system is used to manage the information and database of enterprises. In addition, on-construction managers and contractors deploy these cloud technology solutions to manage their day-to-day activities. Let’s learn how cloud-based construction ERP solutions are revolutionizing the business How Does Cloud-Based Construction ERP Work? A cloud-based ERP system works by combining technologies connected to high-speed internet networks. And it’s the system provider who handles the security and system updates. Users and teams in construction companies have to log in to the ERP application using their login credentials to access the data. You can also access cloud-based ERP for the Construction Industry on mobile phones and desktop computers. What are the Key Features of Cloud-Based Construction ERP? A construction industry-specific ERP software will have the following listed features: Also Read – Advantages of ERP solution in printing industry How can Construction Companies Achieve Visibility and Control through Cloud-Based ERP? Cloud-based ERP systems can help companies achieve complete visibility and control over each construction project and human resource. Here visibility refers to the manager or stakeholder’s ability to get insight into regular operations of the construction work cycle. Below given points highlight how ERP manages several functions, from procurement, project management, and product delivery to extending visibility into the supply chain. Construction companies must map the procurement activities according to the demand to ensure cost-cutting and offer better construction. With ERP, managers can access integrated solutions enabling complete visibility, control, and enhanced efficiency in stages, including inventory management, quotation information, and payments to increase profitability. Cloud-based construction ERP platforms allow companies to manage and control inventory for a seamless construction process. The software helps avoid losses caused due to excessive purchases or shortages of materials. With cloud-based ERP, you can maintain optimum inventory levels by accessing market information and client demand information. Also Read – How Can Cloud ERP Help Solar Installers Reduce Soft Costs? Construction companies can streamline the visibility of their construction processes with cloud-based ERP. The advanced application can help manage resources efficiently, automate processes, and smoothen construction processes. Integrating ERP with the company’s regular operations will offer on-time project completion and yield customer satisfaction. You can speed up the construction projects while maintaining their quality. A cloud ERP technology handles the visibility of information for construction and the market. It ensures efficient customer service. Moreover, managers can get complete visibility into demand through ERP’s unified view of demand chains. What are the Benefits of Cloud-Based ERP? The advent of cloud-based Construction erp software has improved the functionality of the construction industry. Such software provides the following listed benefits: Also Read – Manufacturing ERP Summing it up all! The utilization of cloud-based construction ERP has driven growth in the construction industry. The construction firms implementing cloud-based ERP platforms have provided several benefits, from increased efficiency, improved productivity, and high ROI to greater scalability. The ability to align with the advancement of the construction industry by implementing cloud-based ERP has empowered construction companies to choose high-performance solutions capable of boosting profit margins. Also Read – What is the best ERP for the electronic manufacturing industry
ERP systems are software programs that handle various business processes, such as production scheduling, inventory control, customer relationship management, finances, and human resources. ERP systems have become crucial for organisations to run effectively, cut expenses, and maintain their competitiveness. However, setting up an ERP system can be a complicated procedure. In this article, we will talk about the ERP implementation procedure. ERP implementation procedure Define the goals and objectives: Defining the system’s objectives and goals is the first step in the ERP deployment process. This entails figuring out the features and functions necessary to achieve the changes in the business processes that need to be made. Select the Appropriate ERP System: The next step is to select the ideal ERP system that satisfies the needs of the business. It is critical to choose an ERP system that can be adaptable, scaled, and customised to meet the unique requirements of the business. The Implementation Team should be chosen: The success of the ERP implementation process depends on choosing the best implementation team. Experts from many departments, including IT, finance, human resources, and operations, should be included on the team. Create an execution plan: Once the team is in place, the implementation should be planned. A timeframe, success indicators, and a thorough breakdown of the tasks that must be accomplished should all be included in the plan. Configuration and Personalization: To match the unique demands of the business, the ERP system needs to be set and customised. This entails establishing procedures, configuring modules, and creating unique reports. Migration of data: A crucial step is data migration from the legacy system to the new ERP system. Data from the old system must be extracted, cleaned, and validated before being imported into the new system. Testing: The ERP system needs to be fully tested after configuration and data migration. To make sure they are functioning as intended, all the modules, workflows, and integrations must be tested. Training: It is important l to give end users training so they feel confident utilising the new technology. Each user’s role-appropriate modules should be covered in training. Also Read – Best ERP Software for Construction in India Go-Live: Go-live is the next step after the ERP system has been tested and end users have received training. Migration from the old system to the new system, activation of the new system, and verification that everything is functioning as planned are all part of the go-live process. Support Following Implementation: To guarantee that the ERP system continues to run efficiently, post-implementation support is essential. It entails keeping an eye on the system, spotting and fixing any problems, and giving end users continual help. To sum up, putting an ERP system into place is a difficult and complex process that needs careful preparation, implementation, and continuing assistance. Define clear objectives and goals, choose the best ERP system, put together a talented implementation team, plan the implementation, customise and configure the system, migrate data, test the system, train the end users, go live, and offer post-implementation support are all essential steps for a successful ERP implementation.
ERP for Cosmetic Manufacturing Process The cosmetic industry is a fast-evolving and innovation-driven field where scientific precision and rigorous quality control are crucial aspects. In addition to the manufacturing process, optimized production and streamlined processes significantly maximize business profits and growth. Cosmetics ERP Software is a robust solution that can help the cosmetic company scale to the next level. ERP systems for the cosmetic industry are specifically designed to meet the needs of cosmetic manufacturing companies. These systems unify diverse processes into an integrated management system that eliminates the need for time-consuming manual data entry or paper-based processes, resulting in a streamlined manufacturing process. Read further to know how an ERP system can help streamline cosmetic manufacturing. ERP for Cosmetic Manufacturing is known for combining diverse organizational systems into a single, streamlined, centralized system, which further helps cut down unnecessary or time-consuming administrative tasks associated with the manufacturing process. Many of these tasks might be paper-based or duplicated across the business. Consolidating such administrative tasks into one easy-to-manage digital or cloud-based system with the help of ERP software can save time and money. One significant advantage of installing a digitized ERP platform in the company is that data related to the cosmetic manufacturing process is visible across the company. Easy availability and accessibility of crucial manufacturing data via a centralized system make it easier for different operation parts to work together to make better and quicker business decisions. Whether the cosmetic company wants to switch an ingredient for an affordable alternative or re-order the raw materials for a smooth and cost-effective manufacturing process, an ERP system can provide all critical data to decide the best business. Many cosmetic manufacturing companies suffer massive amounts of loss due to failure to take the necessary steps for managing perishable ingredients effectively. Without proper management of perishable raw materials according to expiry dates, unnecessary waste can occur. However, all a company needs is the appropriate planning and management tools to avoid loss on perishable inventory. ERP system for cosmetic manufacturers can help with the same by incorporating a ‘first in, first out’ technique for inventory, especially perishable ingredients. It means the oldest materials will be used first in manufacturing, helping companies keep inventory wastage as low as possible, resulting in minimized spending on ingredients. Labor costs in terms of the manufacturing process are one of the major contributors to business costs. However, correctly implementing an ERP system across the manufacturing process can help companies save up to 20% on labour costs. ERP software can guide management in efficiently using labour and automating and streamlining the cosmetic manufacturing process. With the automated manufacturing process, manual efforts are reduced; thus, companies need not spend on recruiting more workers. With an ERP system in place, cosmetic companies can access electronic records of each manufactured batch. Moreover, managers can trace the entire operation- from the start of the manufacturing process until the product is delivered. It is vital not only because it allows companies to eliminate quality control issues that might arise, but it can also help them meet standards specified for consumer products. It is usually complex to handle cosmetic formulas essential for manufacturing cosmetics. However, the flexible ERP system is capable of handling flexible BOM. These platforms can help companies scale based on desired finished products, quantities, and concentrations while considering any shrinkage or reduction due to manufacturing processing. Concluding Thoughts! With new innovations and products being launched daily, fast-paced industries like cosmetic manufacturing rely on science-backed precision and quality control for a smooth manufacturing process. Moreover, cosmetic manufacturing companies struggle with manufacturing high-quality products while keeping up with stringent regulatory rules. One effective way to help companies optimize and streamline their cosmetic manufacturing process is implementing an erp for the manufacturing industry. An ERP system for the cosmetic industry is usually equipped with the functional modules required to undertake efficient manufacturing processes while reducing labour costs and perishable inventory wastage. You just need to look for an ERP provider who can deliver the ERP system featuring the right tools for the cosmetic manufacturing industry. Also Read – ERP Software in Nigeria
eresource gets closer to Hyderabad industries – eresource Xcel ERP, one of the best enterprise solutions, has been helping manufacturing organizations in Hyderabad with efficient process management and precise planning. eresource Infotech Pvt. Ltd. The developers of eresource ERP products, has appointed its own channel partner in Hyderabad recently to work close with our customers for an unerring service and assistance. For more than a decade eresource Xcel ERP system provides invaluable services to manufacturing industry and its users in various forms. The system helps improve companies’ performance to its optimum level and increase the confidence level of users which brings double benefit to the business process and the organization all together. Hyderabad, hive of business activity: Hyderabad is a place that cannot be ignored by ‘eresource’, a leading ERP firm that has its base in financial capital of India, Mumbai. Because Hyderabad is the largest contributor to the GDP, tax and other revenues of the Indian state of Telangana, and the fourth largest credit centre nationwide. From small tea stalls to large Indian enterprises, Hyderabad is a hive of business activity. Hyderabad is also home to some of the world famous landmarks and heritage buildings, showcasing marvelous relics of a diverse array of architecture styles. Inheriting a rich culture, it is famous for its literature, arts and handicrafts, pearls and jewels, music, films, and above all, its cuisine. The place has also earned the title of the gateway of south central India, bringing in pharmaceutical and electronics industries, among the others to easily expand their business empire. ‘eresource’ can help these industries many steps ahead with its ERP solutions that can assist with seamless management of all your work process. Also Read – EPC Software eresource can bring excellent benefits: Over the years ‘eresource’ has proved its reliability and today it has been ranked one of the best ERP software in India. eresource ERP solutions are well known for its precision with data recording and report generation. Our system befits the need of accuracy in all the industrial verticals that we serve which includes, manufacturing, pharmaceutical, construction and infrastructure, chemical, fleet management, trading and distribution as well as automotive. Looking at the changing business environment and the industry requirement, eresource has innovated its ERP systems that will serve the users effectively and efficiently. The exclusive ERP software for manufacturing industry, eresource Xcel, is unique product developed eresource Infotech in recent times. eresource Xcel has been innovated with more-easy-to-use interface. The system has increased productivity and better user engagement which can be counted as other main benefits. The latest improvements reduce the processing time to minutes or seconds. For service and support departments, that productivity improvement provides excellent benefits. Latest technology: The mobile ERP, the ongoing trend in ERP market provides powerful mobile interfaces. eresource Xcel has been developed with a fully Mobile application compatible interface. However, when it comes to improving usability, there is no need to make the system more complicated. eresource always stick to the point where we make the user experience simple and intuitive. It is because, we know any hard to use consumer apps rarely last for very long. eresource is always on its mission to deliver a suitable solution to help its customers achieve greater profitability and improved business decision. A normal scenario in the ERP market is that many manufacturing companies that are planning to implement an ERP system is not guided properly. Not knowing which ERP system to choose, they end up selecting the wrong one which not only turns out be useless but also lot of money going into the doldrums. eresource helps its customers with a thorough evaluation and selection process to identify the ERP system that would best enable their future business requirements and corporate growth objectives. We also identify the total cost of ownership to our customers. The result helps our customers to make a clear capital budgeting decision with an affordable ERP system implemented in their organization. For more information and a live demo, please contact our sales division in this email mail ID sales@eresourceinfotech.com or call us now. Also Read – Fire Safety Software
ERP is a powerful tool – An ERP system is a very powerful computer tool and organizations can gain a lot of competitive advantage by implementing an ERP system. Unfortunately, it is observed that many ERP projects have not been effective and hence unable to achieve the results envisaged. As the cost of an ERP implementation project is high, it is critical for an organization to make the project a success and start deriving benefits out of it as far as possible. But what is it that makes an ERP implementation project successful? >> A well-defined project organization structure that details the project planning, execution and monitoring mechanism. >> An attitude that stresses on business transformation instead of process automation. >> An approach that brings about the proper integration of people, process and technology through effective management of change. Companies need a well thought out, comprehensive process to help plan, guide and control the entire ERP implementation effort. Before the entity-gritty of software selection begins, management should know how current strategy, process and supporting system work and if any changes should be made before the new information system is introduced. The pre-implementation stage is the time to re-consider the way you do business and to make a detailed analysis of the requirements and the expectations of the new information system. Optimization of business process rather than technical innovation should stand in the focus of an ERP implementation project. Start defining software needs by examining current process that govern your flow of information and material throughout the order-to-delivery process and ultimately the entire supply chain. There is a common tendency to shortcut this very important activity but you will pay – sometimes dearly – in time and money for avoiding this essential step. Take the time to evaluate your ERP plan before you commit to software acquisition and installation. Doing it right the first time is the only way to go. There are many people eout there who wish they had taken a brief pause to evaluate their direction. Also Read – ERP for Project Based Industry
ERP in India – Some of the first Indian companies to have adopted ERP practices are HLL, ONGC, ESSAR, Godrej Soaps, Cadburys, BASF, Telco, Maruti Udyog Ltd., Century Rayon, Citibank, ACC, ANZ Grindlays, German Remedies, Blue Star, Mahindra & Mahindra, Rallis India, Sony India Pvt. Ltd., Ceat Ltd., Indal, Ford Motors, Kirloskar, Knoll Pharmaceuticals, and Glaxo. First tier companies (those with a turnover greater than Rs.10 billion) implement ERP to increase internal efficiency and external competitiveness. Once ERP is established at this level, these large companies begin to desire similarly increased efficiency from their suppliers. Hence, second tier companies are pressured to implement ERP, and a trickle-down effect ensues. Powered by the axiom that a chain is only as strong as its weakest link, Indian industry quickly has recognized that in order to work at maximum efficiency, ERP must be implemented at all levels. Initially, the majority of ERP solutions have been marketed to companies with greater than Rs. 2 billion, and generally, according to industry reports, the total cost of deploying ERP has ranged between 1 and 2 percent of companies’ gross sales. Lower cost solutions are available for comparatively smaller sized companies. Though the market seems to be very encouraging for ERP implementation, the time-frame for deployment may be an issue. However, since many companies that have not yet implemented ERP are leaders in their markets, it reasonably can be assumed that they will go for it within next five years. In fact, the ERP market should grow at a rate somewhere near the industrial growth rate. Some industry categories, such as Automotive, Steel, Consumer Durables, Engineering, and Textiles have shown a very high ERP penetration. This means that these categories represent the greatest potential markets in next two years – other industries will follow. Figure 1 illustrates the market across various industries. Also Read – ERP Software for Construction >> Survey of Industry ERP Implementations ERP implementations completed between 1995 and 1998 in India can give a sense of specific hurdles that companies may encounter in ERP deployment. Several companies were surveyed, and numerous ERP professionals were interviewed in order to assess the state of ERP in India. The results indicate that Indian companies are moving forward with ERP implementation primarily in response to thrusts from parent collaborators, to revamp in order to meet increased load, or to reduce lead times and inventory levels, and improve customer satisfaction. Resistance to change – in the form of fear of the unknown, reluctance to learn new techniques, or IT department reluctance to change due to attachment to its product – was a major hurdle faced during many ERP implementations. Additionally, the duplication required in the initial stage, and the intense pressure exerted on manpower proved to be problematic, as did the level of customization necessitated by disparities between company requirements and solutions offered by ERP software. This problem is diminishing due to advances in the software facility models. Cost overruns also proved to be a pervasive problem with ERP implementations. Since most consultants charge on a man-hour basis, project time overruns substantially inflate incurred costs. To avoid this problem, top management must develop the necessary commitment to ERP, and all employees should be prepared for the change before the ERP implementation process is started. This model should help to eliminate needless project time and cost ballooning. >> ERP in the Service SectorTransportation, medical care, hospitality, courier service, telecommunication, banking and financial services, and entertainment represent the major components of India’s service sector, and on probing into the various needs of these groups, it becomes apparent that the courier, transportation, and entertainment industries do not have specific current needs for ERP. Banking and telecommunication each have very specialized requirements that the manufacturing-inclined software solutions on the market would not effectively address. The same holds true for the medical care and hospitality industries. The service sector has the potential to become an important ERP market within a few years. At this time ERP implementation in the services sector is very limited – only a few hospitals and banks have done small-scale experiments. New software and processes will need to be developed to meet the specific demands of the service industries, so ERP players should begin now to prepare themselves for the tremendous potential of this future market. >> Assessment The Indian economy has reached a level of maturity that demands advanced technology. Although the Indian agricultural sector has not yet mechanized and there is little potential need for agriculture-based ERP in the foreseeable future, the services sector offers a largely untapped potential. With the pace of developments in the services sector continuing at 7 percent, there is a large scope for ERP in these markets. Many Indian industries already have realized the need for ERP solutions, and the industry-related market growth should match the expansion of the sector as a whole. The maximum potential growth of the ERP market rests with companies that have a greater than Rs. 2 billion turnover, with smaller companies positioned to follow directly. India is developing its infrastructure, ERP manpower requirements can be met, and the Indian mindset is changing with the times. Certainly, if the national railways could computerize operations, ERP does not seem an insurmountable challenge. In fact, the Indian ERP market looks very much like a $7.5 billion opportunity that has decided to take the plunge. Also Read – ERP Software for Manufacturing
