How to get more Return On Investment (ROI) from ERP

A brand new ERP framework can help diminish working expenses by automating manual procedures, expanding efficiency, and giving standard appearance that already must have been acquired independently. The ROI in ERP endeavors to figure both the investment funds and also the expanded gaining potential the new ERP framework will give the organization.

In spite of the fact that numerous associations invest tremendous energy and cash exploring, breaking down and regulating an Enterprise Resource Planning (ERP) purchase, they scarcely invest moment to investigate whether the application performs acceptably and gives the required yield.

Measuring the advantages you get on your new ERP framework incorporates decrease in cost, enhanced openings, and even enhanced employee and consumer loyalty.

Methods to reach for a better ROI

1. Try to visualize something elevated, such as delivering better business process by implementing equivalent ERP which will take your business one step ahead.

2. You need to recall that you will never accomplish your normal business objectives and ROI in if you don’t live through your ERP. Setting reasonable desires is the initial move toward a ROI-driven and effective ERP implementation.

3. Effective ERP implementer knows where the end goal is. But due to inadequate time period, low budget allocation, and untrained resources , organization often end up quitting their goal at early stage.

4. Emphasize on a long term agreement between your business and ERP framework.

While achievement and benefits are not fully assured, this will ensure that you are one out of couple of organization that accomplishes something other than just executing the ERP software solution. You will be one that really convey on-time services to customers, while understanding the business advantages and ROI that you’ve been expected from the start.

Also Read – ERP for Plastic manufacturing

How to Implement a Strong ERP Program

Time is a most critical components in executing a fruitful ERP framework. Regardless of the amount you spend for planning to implement ERP, there never seems enough of it.

In making arrangements for an ERP establishment, how much time you distribute and how you split it up are basic factors in getting a fruitful execution. An excessively idealistic schedule can fate a venture before it begins.

Sadly, a reasonable timetable for an ERP task can be exceptionally hard to build. A few sections of the task, eminently necessities arrangement, process planning and testing, can be absolutely hard to evaluate. Since these are real parts of the enterprise project, getting any of them wrong can toss your whole timetable.

One thing that aides in arranging and booking an ERP venture is involvement. The more tasks you involved into, the more experience is gained.

This is one place where an accomplished advisor can pay huge profits. You most likely don’t have much experience actualizing ERP ventures, yet your specialist ought to have enough of it. Work intimately with your expert when you are booking and setting courses of events for your ERP try.

The prerequisites period of the venture as a rule happens before the genuine booking happens. Here the accentuation is on fulfillment as opposed to the time it takes. It is imperative to take care of business instead of to meet some manufactured schedule.

Process investigation and improvement, then again, should be booked precisely. The main thing you can make certain of in this piece of the usage is that it will take longer than it shows up at first glance. Plan this exertion deliberately and ensure you give enough time for it. Keep in mind the procedure investigation is in some part iterative and you may need to adjust a procedure a few times to take care of business.

Be particularly careful about attempting to get back on plan by compromising in the test stage. It just gets you inconvenience over the long haul and will foul up your take off endeavors.

Obviously you can set up any timetable you like for actualizing your ERP venture, however that doesn’t mean every single conceivable calendar are functional. It’s critical that you begin with a practical timetable while actualizing an ERP venture..

Also Read – ERP system for Automotive industry

Errors to Avoid Before Starting ERP

Slip-ups toward the start of an enterprise are famously hard to settle. This is particularly valid for complex procedures like executing an ERP framework. Mistakes toward the start of the usage can fate the enterprise regardless of how well it is executed. Tragically such early mix-ups are very regular in ERP executions with frequently heartbreaking outcomes for the venture.

Following can be the errors seen while setting-up ERP :

Not selecting the right team

By its inclination, an ERP execution is a collaboration. It’s essential to gather a solid gathering to take a shot at usage. Pick your group precisely, both for their specialized aptitudes and the capacity to cooperate easily.

Not Picking the Right ERP specialist

While you can complete an ERP venture without getting a specialist, it isn’t a smart thought to attempt. You will require somebody with involvement in ERP usage to help control you and to get you over the harsh spots. Since an advisor is vital to the procedure. It’s essential to invest time and pick the correct one. For this, assess potential competitors precisely, both for their involvement with ERP and for their fit with your group.

Not Budgeting Enough Time and Resources

An ERP execution is a time and resource process. It’s critical you spend enough of both to give the procedure a chance to succeed. You can hold back on the financial plan, yet the hard truth is that the ERP usage will take as long and cost as much as it does no make a difference what your financial plan says. Belittling both just prompts going over spending plan and beyond schedule.

Not Getting Support from the Top Management

Last but not the least, it’s important that you have top management, proceeding with help for your venture from the start itself. Absence of continuous help will fate an ERP venture. Some portion of the activity of the group chief is to ensure that help is there through the whole ERP exertion.

Also Read – ERP for trading industry

Security is need of the hour for installing ERP

Security ought to be the main need for any product engineer. Regularly, in any case, engineers of programming, for example, Enterprise Resource Planning (ERP) disregard to incorporate certain security highlights. ERP frameworks give the foundation of numerous organizations, so it’s important that the information be secure and ensured against assault. Associations confront different assault vectors, including close day by day ransom-ware assaults that debilitate their security foundation.

What practices can be adopted to raise security?

Bring issues to light

Absence of attention to the significance of ERP security is the consequence of organizations’ dependence on ERP sellers to join that security. Numerous ERP arrangements accompany some security, yet associations must form a safe system for the ERP framework to dwell in.

Construct Parameters

Security highlights, for example, firewalls and host-based security frameworks help solidify the system and ensure ERP programming against assault.

ERP Structure

At the very least, a safe ERP framework should:

  • Have a compartmental structure, with various business capacities outlined as contrasting parts;
  • Be incorporated, with parts of the ERP framework coordinated with a consistent information stream between segments;
  • Be adaptable, with the ERP programming expandable and good with inheritance frameworks;
  • Be adjustable and effortlessly configurable in light of the association’s needs;
  • Be secure, with the security of the ERP programming upheld to ensure arrange assets.

Ways to deal with it:

ERP security can be coordinated into the system, introduction, and application layer of each system to incorporate outside interfaces, the database, and inward business forms. At the point when an ERP user speaks with other customers or clients, the security of the framework is grouped into the system space. An ERP master doesn’t deal with these individual cases; rather, this capacity is accessible from arrange security sellers.

Also Read – ERP for Steel Industry

Key Parts of Security includes:

  • Security arrangement : Express and all around characterized security strategies must be kept up. The security arrangements will give standards to data access and put requirements on chairmen while designing client consents.
  • Client verification : All ERP clients must check access to ERP assets by giving a client name and secret word notwithstanding their verification to the system.
  • Time limitations : ERP must be accessible just amid business hours.
  • Access logs : Logging and traceability of access to ERP assets can enable directors to log important action, which can thus counteract breaks.

Also Read – ERP for packaging industry

Top 5 Pros of Mobile ERP

Mobile ERP Software Applications

Numerous organizations are presently utilizing mobile devices rather than the conventional PCs since they are convenient and regularly more financially savvy. Undertaking Enterprise Resource Planning (ERP) innovation is adjusting to address the issues of organizations so they can remain responsive in an associated commercial center.

Here are five advantages of versatile ERP system :

Greater Operational Excellence

In the manufacturing business, organizations depend on getting the right and quality materials at right time, right place. However, the production is disturbed if there is a shortage in getting the materials. With an ERP framework or mobile ERP Software, this sort of circumstance can be overseen more successfully on the grounds that you would get an early cautioning that the materials won’t be conveyed on time, permitting you can make quick move to keep generation up and running. In addition, manufacturing firms are presently exchanging their costly radio frequency identification for portable ERP. Other than creating forms for inventory and other production processes, it additionally accompanies different highlights which can be easily accessed through a cell phone.

Also Read – ERP software for manufacturing

Competitive Advantage

Portable ERP is a developing pattern in view of what it brings to the table a dynamic venture. Approaching business information while in a hurry or at an off-site area empowers focuses to be met and furthermore increments both worker and consumer loyalty.

Also Read – Construction ERP Software

Cutting-edge Search Features

Data is frequently gathered through famous web indexes in the computerized age. Individuals like the simplicity of writing in an inquiry or subject and getting information in milliseconds. We have so used to do this that it doesn’t appear to be correct when a setup is enable to scan for what we’re searching for.

Speedier Decision-making Processes

The universe of business depends intensely on information administration. In case you’re not up to speed with what is going around in the business environment, it backs off profitability. Mobile ERP Software enables the client to get moment access to business information as it is occurring, so you can settle on better choices, accordingly expanding effectiveness.

Enhanced Workflows

Effectively dealing with your work process mainly includes vital arranging and careful joint effort. Versatile ERP makes the entire procedure less complex since it sends work process alarms to advise your group that an assignment is sitting tight for endorsement and they can react immediately from their gadget. So whether it’s affirming master reports or request orders, discharging orders or whatever other procedure that requires endorsement, it should be possible briefly..

Also read – ERP for packaging industry

eresource helps pharmaceuticals produce product as per cGMP requirements

By now almost all the major organizations have the awareness that ERP system can provide an ideal software solution to address both their information and regulatory needs. In the pharmaceutical sector, the present regulatory requirements focus on better product and process understanding and on elimination of risks critical to patients and consumers. These challenges are efficiently addressed by integrated approaches offered by eresource ERP system which not only provide better control over their business processes, but also help them in manufacturing products as per cGMP requirements.

eresource ERP is the number one ERP software for pharmaceutical industries like manufacturers of vitamins, natural health and dietary supplement apart from the mainstream pharmaceutical products. eresource ERP has been recognized as the best solution among its customers because they offer a complete integrated application that suits the company’s needs in all counts.

Earlier many pharmaceutical companies with a MS excel paper-based system for running the business which consisted of manufacturing hundreds of products that used to take lot of time and valuable resources in maintaining raw material inventory, determining availability of those raw materials during manufacture, and in maintenance of records of lot numbers used in the finished products, an obligatory regulatory requirement. These problems prompted the pharmaceutical companies to seek an ERP system which would provide real time access to all their business activities. At last they were able to find a suitable ERP system, eresource, that has the answer all their problems.

eresource ERP software for pharmaceutical contained many other features which were in alignment with all future requirements of a pharmaceutical company.

eresource ERP has lot to offer to its customers. The prime benefits of eresource ERP system is it reduces operational costs and saves time:

  • less time is spent on entering, reviewing & approving data
  • lower cycle times (less quarantine time)
  • less on-hand inventory is needed
  • with less inventory, less storage space is needed
  • less time is needed to archive & store batch records
  • less product waste is generated
  • higher yield are obtained.
  • it improves asset utilization (return on investment)
  • alerting capability helps to fix problems quickly

eresource ERP is designed with operation efficiency in mind. Operational efficiency requires a system that addresses every aspect of your business. It helps to cut costs, enables quick market presence of the product, improve customer relation and comply with regulations.

Quality tops the priority list as far as any pharmaceutical company is concerned. Keeping this in mind, eresource ERP has been designed in unique style. Quality Control department with its integrated sophisticated Quality Control / Module which not only monitors quality by control plans in purchasing and production but also provides real-time process capability index for quick review.

eresource ERP system is designed to give end-users access to specific information, data that can come from both internal systems or from other data sources, and is designed to allow customers, suppliers and employees, access to role specific records.

Our ERP software solution provides a compelling gateway for information users who need to carry out their jobs more effectively and assist them with decision support. It makes use of a personalization paradigm to allow each user’s experience to be tailored to their specific role by filtering out information overload.

Real-time access to data and an easy to use interface make eresource ERP solutions an integral part of your business strategy by providing a collaborative environment. Information is available to all stakeholders, from employees to your customers and suppliers, enabling smoother transactions, a higher velocity in decisions and faster turnarounds.

Also Read – ERP for packaging industry

Understanding ERP System

Enterprise Resource Planning system, popularly known as ERP system, the descendant of MRPII offers the answer to the economic and productivity troubles of manufacturing and service enterprises. Thus, the ERP system has become very popular as an enterprise management software tool.

ERP is a Software application that provides an organization with functionality for two or more systems. While some ERP packages initially covered two to three functions for an organization most ERP systems today cover almost all the business functions of an organization.

As the name suggests, the term ERP referred to how a large organization planned to use a organization’s wide resources. It was the larger companies that have opted to use the ERP systems initially. However, the use of ERP has changed and today the term can refer to any type of company, no matter what industry it falls in. In fact, ERP systems are used in almost any type of organization – large or small.

The latest ERP tools available in the market today can cover a wide range of functions and integrate them into one unified database. For instance, functions such as Human Resources, Supply Chain Management, Customer Relations Management, Financials, Manufacturing functions and Warehouse Management functions were all once stand alone software applications, usually housed with their own database and network, can now fit under one umbrella called ERP.

Popularity of the ERP system has grown with its vast usage among the all kind of industries, Today majority of the midsize organizations are using ERP to support a variety of business issues, including globalization, lean manufacturing, conducting e-business, consolidation, shared services, collaborating with suppliers and meeting the requirements of new customers.

In today’s competitive business world usage of ERP system is becoming a must for any organization to meet the challenges faced in their business process. Studies also reveal that very few midsize companies that don’t already have an ERP implemented are facing numerous problems in their production and sales departments.

Web-based ERP

Of late many of the organization consider Web-enabled ERP as their most important and strategic platform because it provides a solid foundation and information backbone for eBusiness. When a business application like an ERP system is enhanced with the eBusiness capability, i.e. making it a web-based ebusiness enabled ERP, they supercharge each other. eBusiness is the best vehicle to share business information with partners for creating major B2B synergies.

A fully integrated web-based ERP will capture and create accurate, consistent and timely relevant data, and assist in intelligent business decision-making. The impact of ERP/e-Business integration is substantial, ranging from reduced inventory and personnel level to improved order and cash management. It also results in improved customer responsiveness, reduced IT costs and the availability for value-added activities.

A clear advantage of the web-based ERP solution is that remote users like executives and sales representatives can access the company system with any browser, which is much more convenient than going through a laptop configured for Terminal Services. A quick and on-time implementation of the solution can be done on your existing configuration set up. That means you do not need to upgrade your network for Windows/Exchange Server and SQL Server database.

Web-based ERP removes your headache from the Investment made towards time and cost in the maintenance of the server & other hardware.

Also Read – ERP for trading industry

ERP software is not a magic wand

The purpose of ERP Applications are to support the business processes that support the company’s strategic opportunities. There are some basic tenets of ERP that should guide management’s actions and decisions. There is no magic in ERP software system. ERP’s benefits are a direct result of effective preparation and implementation, and appropriate use. This seems obvious, but most of the organizations don’t get it right the first time around. Expecting a quick fix, silver-bullet solution is a dangerous mindset.

Another matter is no amount of advanced information technology can offset the problem of a flawed business strategy and poorly performing business processes. This area, in particular, is something that ERP software implementer may not fully address because it can slow system deployment.

The companies must define a business strategy that will give them a competitive advantage or, at the very least, make them competitively equal. Then, analyze your current business processes and develop objectives. Once this step is done, the following steps for preparation, ERP software selection and implementation can support the strategic and process objectives better.

Acquire flexible ERP information technology that can accommodate rapidly changing business conditions. The high-velocity flow of information needed to support action up and down the supply chain is a major step forward for most manufacturers. It will be mandatory in the future just to compete, much less stay ahead of, the competition.

You must have the implementation led by a senior executive who has the authority to make changes happen and happen quickly. Make sure there is a sense of urgency and true accountability for completing preparation and implementation activities on time. Moving away from functional silos and creating effective cross-functional processes that are truly integrated via an ERP system is not an easy task. When ERP is not fully integrated into day-to-day business operations, however, it is not likely to be very beneficial.

If enterprise integration or more advanced supply chain management strategies are to have any chance of complete success it will be due, to a large extent, to the removal of traditional cross-functional barriers. These silos comprise the organizational boundaries where information flow and often cooperation, stop. You must ask, “How will we use the ERP system?” Some not-so-obvious issues will surface as you try to answer that question.

For example, will you combine demand-based flow and lean manufacturing techniques, which will negate the need for some traditional ERP functionality? Focus on your business strategy and not just software selection and implementation. Many problems are reinforced by contradictory objectives and performance measures that actually create inconsistent value and belief systems, to the company’s detriment. No amount of information technology will correct these problems. Management must aggressively remove them once and for all through business process redesign.

Also Read – ERP for packaging industry

ERP finance module helps see your ‘tomorrow’ today

ERP finance module helps see your ‘tomorrow’ today

In today’s business enterprise, you need to know that your financial decisions are based on today’s data, not numbers from records closed a month ago, or even a week ago. And you need to know that this same data represents every segment of your organization’s activities, whether your enterprise stretches across a room or around the globe.

This is essential, because the most efficient way to get your enterprise to where you want it tomorrow is to know exactly where it is today.

Whatever the financial goals of your organization may be, the financial application components of eresource ERP software solution work hand-in-hand to improve the bottom-line. This is true because the financial functionality is tightly integrated across all business areas and all geographic areas.

This tight integration includes all the other different modules, from materials management to human resource to logistics. Because eresource ERP system automatically links related areas, it eliminates the need to repeat procedures. You enter your data only once. Within the eresource ERP system all areas work in coordination, creating a new level of efficiency in handling your financial data.

The finance module of eresource ERP system provides financial functionality and analysis support to lot of medium and large scale enterprises in Indian and abroad. The finance module of eresource ERP system has the following sub-systems.

Financial Accounting

  • General Ledger
  • Account Receivable
  • Account payable
  • Fixed Asset A/C
  • Debut Note/ Credit Note/ Journal Entries
  • Bank Reconciliation

Statutory & Regulatory

  • Value added tax analysis & reporting
  • TDS & service tax
  • Excise

Enterprise Controlling

  • Executive Information System
  • Business Planning & budgeting
  • Profit centre accounting

In addition, eresource ERP’s financial accounting provides company-wide integration that is essential to strategic decision making. The financial accounting module in eresource ERP gives you the ability to centrally track financial accounting data within a single framework, of multiple companies, multiple branches and chart of accounts.

Also Read – ERP for Plastic industry

Streamline your manufacturing business processes with eresource ERP

Streamline Your Manufacturing Business Processes With eresource ERP

eresource ERP manufacturing solution offers small and mid-sized manufacturing organizations with a means to reduce costs. It also helps respond to changing market scenario and customer demands by streamlining the business processes.

Here are some of the benefits the manufacturers will experience by implementing eresource as their ERP solution.

eresource ERP software for Manufacturing provides organizations with more flexible and extensible system that enables them to easily adapt, change and add operational functionality to the system in order to meet customer demands and easily adjust to changes in the marketplace.

eresource streamlines operations and processes thereby providing transparency to manufacturers on their production & delivery schedules, order processes and warehousing management.

eresource will automate the manual processes practiced by the manufacturing companies. Automation will enable them to increase efficiency and take advantage of new revenue opportunities.

eresource helps organizations to provide better service and be more responsive to the demands of customers and business partners through multi dimensional tracking features and advanced order-promising capabilities.

With the use of eresource manufacturing ERP software system, manufacturing organizations can set budgets, review costs, track activities and resources.

Being a web-based ERP solution, eresource enables sharing and communication of information between users on-line in real-time basis.

eresource enables manufacturers to identify problem areas and take corrective action in an easy and effective manner.

eresource ERP advantages:

Supplier collaboration:

Two-way information exchange and collaboration with supplier improves procurement execution and reduces material costs without reducing manufacturing responsiveness and flexibility.

Customer relationship management (CRM):

Automation and integration of sales marketing, support and e-commerce helps you win sales and improve customer satisfaction, increasing customer responsiveness and loyalty.

E-commerce:

Web-based application and adoption of Microsoft’s .NET technology enables you to access information, sell product, run business processes and connect with customers and partners anytime, anywhere via the Internet.

Extended enterprise:

eresource ERP is designed to support businesses that operate at a single location or with multiple plants.

Business intelligence:

Business intelligence (BI) tools provide complete visibility into your system’s critical business data, allowing you to make faster, better informed and progressive company decisions.

Technology infrastructure:

Microsoft based solution facilitates a smooth, quick implementation and simplified system administration, customization and integration of your business system, while also providing a stable, scalable technology infrastructure.

Also Read – ERP for packaging industry