Effective ERP systems in many organizations it is the accounts and finance departments which are the biggest supporters of the ERP implementation. This is because by using the sales and operations planning process, they will be able to tie financial implications to the forecasts and determine where the organization should be headed financially for the period, year or even longer. This information can be used to ensure that you meet bank and growth forecasts and increase the organisation’s value. For any organization, if you can achieve the sales targets the departmental budgets generally fall in line so that profit goals are met. Use this process to plan for profits, and growth or to manage through difficult periods. It is a fact that it is easier to implement accounting applications than those for resource planning. This is because less time is typically required for process definition and also because the implementation path is more straightforward. Most companies that have some sort of computerized information system would have computerized their finance and accounting processes. The reasons for this are based on the relative immaturity of effective formal resource planning and scheduling processes versus the high degree of maturity on the finance and accounting side. Finance and accounting people have an important role to play in ERP implementation projects. In addition to implementing their new processes, they have a role to play on the ERP executive committee, the project team and spin-off task forces. They will need to devote some time to getting educated on the ERP system. They must understand the logical structure of ERP benefits to be achieved from running the business with only one set of numbers and the competitive advantage that highly effective ERP can provide. Also Read – ERP System for Trading Company
eresource Fleet Management ERP module is made up of many useful modules. Each of these modules mimics a major functional area of a fleet/transport organization. Apart from common ERP modules such as finance, human resource, purchasing and inventory control, exclusive modules developed for the utilization of fleet management are the key functionalities of eresource Transport ERP Software Many fleet/transport organizations have selectively implemented this ERP system that is both economically and technically feasible. Below are the brief descriptions of eresource fleet management ERP module. Operation Management Fueling Management Branch Accounting Billing Management R.T.O. (Road/Regional Transport Office) Insurance Freight Memo & LR Management Transshipment Management Driver Management Tyre Inventory Management Purchase Order Processing Inventory Management Human Resource Management Accounts and Finance Management Also Read – ERP in civil engineering
Get a Free Online ERP Software Demo: Industry-specific ERP system for many major enterprises, it is very difficult to get a general overview of its organization. This can be simplified with a uniform system where everybody works according to the same routine. It is a true factor in today’s business environment where more and more companies are becoming globalized companies. At this juncture, eresource ERP system could be used as a tool to obtain information that can be important when forming the company’s future strategies. An integrated ERP system like eresource gives opportunities to rationalize and develop the organization. Information Technology to an increasing degree concerns the management, and the decision to buy an ERP system is almost always taken by the top management. The problem is that the management has little knowledge of ERP systems and has to rely on the IT department. To overcome this shortcoming, eresource has introduced a live demonstration of our product through our website. The real picture of the eresource ERP system becomes clear when the live demo of the product is given. A live demo of our product is webcasted on every Saturday evening and anyone from the management side or IT personnel can participate in our demonstration by registering their names and details through our website www.eresourceerp.com Live Demo of eresource ERP software is better tool to understand the various integration/touch points and the participants could experience the different functionalities as well as they can also check for any shortcomings in the system which can be rectified as per their requirement. Also Read – ERP for Plastic manufacturing The work flow becomes clear during the demo, and people can have a feel of the proposed product at the demo itself. This will determine the acceptability of the product in the minds of the customer. The quality of the product also becomes clear at this stage. What the top management and all the other people connected to an organization must realize that is whatever be the reason for the changeover to an ERP system, i.e. technical or strategic, it is impossible to separate them, since they affect each other. Implementation will also positively affect the following three strategies: Business Development: Development of business strategies Operational Development: Development of the company’s business processes and their relationship with the concerned functions within the organization. System Development: Development and administration of necessary IT services, where the ERP system is an important part. Mail Us at sales@eresourceinfotech.com for Live ERP Software Demo
Some of the organizations may be wondering why a Web-based ERP application is needs to be implemented. The answer is simple. A well run Web-enabled ERP system will make the entire value chain very powerful. The companies that have successfully implemented ERP system will become the masters in helping other suppliers to integrate ERP and eBusiness to create a Web-based extended ERP environment. Anyone will agree with the point that the traditional businesses spend a lot of time, effort for communicating business information and making and accepting payments. But eBusiness do the same thing over digital networks. Thus, the savings in terms of time, effort, error reduction, etc, are quite dramatic. With making its operations eBusiness, the organizations can accept payments – credit card payments, digital cash, etc – over the Internet. The use of electronic media for information and transmission and financial transactions greatly reduce the time required for completing a transaction at the same time automating the business process involved. 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 system like eresource 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. Also Read – ERP for Plastic industry The successful organizations are continuously modifying their methods in serving their clients which also increases their profit margin. To achieve this positive result, organizations have to intelligently integrate the supply chain, so that information, material and money automatically flows up and down the supply chain at high-speeds without any glitches. Organizations also need to woo the customers with personalized services. What every top people in the management side must realize that is in today’s competitive world, there is no consistency in the loyalty of a customer. It is always changes. In this age of Internet and other fast phased communication era, information is freely available and it is highly possible for the customer to switch loyalty without any indication when there are better quality services available in the market. Therefore the organization should not waste time and must collect information about the customers and analyze it to find the customer preferences, purchase patterns and so on. To do this it must have a good customer relationship management system (CRM). It is also to be remembered that just keeping customers happy and offering personalized service will not have any effect if the operating efficiency of the company is poor. In order to improve efficiency and to have better information integration, companies should have an effective Web-enabled ERP system in place. An efficient and well-implemented ERP system like eresource ERP can raise the productivity to unprecedented levels. Also Read – ERP for Trading Company
Agility is the watchword for business: Understanding the nature of your business is very important. Production takes places in all kinds of business as well as non-business operations. For example, production in a hospital is related to the process of serving meals to the patients, performing surgeries, taking and reading X-rays, conducting physical therapy, cleaning rooms and receiving payments. Supermarket production operations include ordering and pricing inventory, stocking the shelves, packaging and displaying products, and so on. Government issues permits and licenses, collect taxes, register voters, provide police and fire protection, and so on. Contractors construct, repair and demolish buildings, build highways and bridges, and landscape parks. Similarly banks grant loans, cash or issue cheques and handle deposits and withdrawals. Production process vary greatly in complexity, production time and the amount of resources, information and planning needed and the number and type of machines and employees needed, and the number of employees and machine needed. The production of a car takes time and requires a variety of very expensive machines and high skilled employees, typing a letter on other hand is a short process using mainly a word processor. Competition in the future places increased emphasis upon time as expected by speed, quality and global focus. Agility is the watchword for business. Manufacturers are measured by their ability to react quickly to sudden, when unpredictable change in customer demand for their products and services. To compete successfully in today’s business environment, requires an effective ERP system, which is a manufacturing business application, that is time and activity based and above all else, focused on their customer. Manufacturers must respond quickly and effectively to customer demands. While agility is desirable, without an effective enterprise resource planning system it results in speed without purpose. The very heart of an enterprise manufacturing system centers on its integrated planning, business process and execution capabilities. Traditional closed-loop MRP concepts have long heralded the importance of effective planning system, because process understanding and timely executions. Strategically effective planning results in improved inventory turns, productivity increase and improved return on investment. Tactically effective business processes provide improved customer satisfaction, reduced time to market and improved market share. Effective execution provides short cycle time, quality assurance, continuous improvement and quick response to process variability. All three elements contribute positively to the decision to install an enterprise-wide resource planning – ERP Software. Mail Us at sales@eresourceinfotech.com for Live ERP Software Demo
ERP drives enterprises forward: Business in this century is complex, fluid and customer-centric. It requires stringent, yet flexible processes and communications systems that extend globally and respond instantaneously. The processes and systems must be integrated. No part of the enterprise can escape the pressure to deliver measurable results. However, the traditional ERP systems failed to complete the task they ultimately set out to accomplish: to unify the enterprise and turn it into one smoothly running machine. eresource’s web-based ERP system promises to bridge this gap. Our ERP system links departmental communications, work processes, customer data and supplier capabilities into a centrally functioning system – all focused on driving the enterprise forward. Enterprises have already started to benefit from extending their ERP installations to more of their organizations. eresource’s web-based ERP was a giant step forward when first introduced. The market then saw new buzz terms such as lean manufacturing, arise that did not bring new functionality, but promised greater efficiency, when , in fact all it did was deliver what ERP as supposed to do in the manufacturing space. eresource ERP gave businesses a vehicle to manage information and use it to their advantage. It organized customer data in ways that helped individual departments operate more efficiently, and it created streamlined processes that helped manufacturing operations cut costs and move products along more quickly. eresource ERP in contrast, does offer advancements in functionality. It delivers on the original concept of ERP being for the entire enterprise, so that the whole organization can operate more efficiently. No longer does corporate information sit isolated in departmental silos, but is houses with all corporate customers, etc. This information enabling creates a new level of cohesion and eliminates most of the departmental and organizational information barriers facilitating smooth and seamless flow of information. The integration of ERP, the enabling technologies like CRM, SCM, the analysis and business intelligence tools with Internet enable the organization to do business in the Internet way at astonishing speeds and high efficiency. Also Read – ERP for Trading company
ERP for Strategic and Technical Solution: need to make a substantial Investment in an ERP system in terms of capital investment, as well as from the recurring annual expenditure. The company, therefore, would like to ensure that the investment in ERP is a right decision. In that process, there may be chances of some questions arising from the members of the decision making team. These questions are reasonable. Why ERP and why not custom built software? And this, followed by which ERP out of the host of ERP packages available in the market. Some companies see ERP as a technical solution, whereas some others view it as a strategic solution. Whether it is seen as a technical or a strategic solution, eresource is the suitable ERP system to match both these solution. Here are the highlights of eresource ERP: Best industry practices of the respective industry are put into the eresource ERP solution. Since this ERP solution provides an integrated environment, it provides an opportunity to see the whole company as one unit. Better control on the company’s information flow.Integrating several old ad hoc systems into one single information system and thereby, reducing the costs of maintenance of the same. Easy to replace systems for situations where the old systems are bulky and cannot be upgraded further. If the company sees ERP as a technical solution, the main reason for changing over is that its present information systems are too old. Many companies will use systems that were developed in-house and are especially adapted for the company. Most of the companies have several systems developed by different vendors. The capacity of these systems is often not enough or they cannot be upgraded because they are not supported anymore. For large enterprises, it is very difficult to get a general overview of its organization. This can be simplified with eresource ERP system where everybody works according to the same routine. This concern especially today’s more and more globalized companies. Web-based eresource ERP system gives opportunities to rationalize and develop the organization. This ERP system may be seen as a tool to obtain information that can be important when forming the company’s future strategies. Also Read – Online ERP Software demo
Customer relation key to business success One of the prime components of business success is the ability to service customers effectively. Businesses must have a comprehensive understanding of each and every customer and their history. With access to a full case history, solution providers can tailor their service to the customer’s unique circumstances and preferences, in the context of the overall relationship. Customer loyalty has a powerful effect on the business bottom line. The dramatic economic power of customer retention is revealed when customers are viewed in terms of life value. eresource ERP enables the enterprises to retain its customers, which makes a perfect business sense. A consumer retained for life is more cost effective, requires less service, provides more business and contributes to new customer acquisition by offering positive referrals. For the average business, studies indicate that repeat customers account for 70 per cent of total revenues. Thus, customers’ retention guarantees significant current and future economic benefit. eresource ERP system integrates case management that show all previous contacts from all media empower companies to serve and market to customers without waiting time or resources. With an accurate, company-wide customer database – including marketing, order, fulfillment and customer service history – businesses can reach a greater understanding of their customers over time, delivering increasingly personal and rewarding experiences and products. eresource ERP integration enables businesses to better comprehend and thereby, better serve customers with each and every interaction. There is a common belief that the enterprise application integration is a difficult task. The good news is that with easy implementation methodology of eresource ERP system the difference in your business operations can be experienced within a short period of time. Our case study method and implementation strategy along with its training methods guarantees a smooth function of our ERP system. What is more important when it comes to implementation of an ERP solution is that the enterprise application integration is a corporate-level problem requiring a corporate-level strategy. Organizations implementing ERP applications have to explore the area of integrating these applications to the other enterprise applications. What approach to take will depend on the need for integration. However, the aggressive organizations have to adopt the right implementation methods in a cautious manner to keep their leadership in the market. Also Read – ERP for Plastic industry
ERP reduces cycle time, improves efficiency: Among the other benefits that eresource ERP can bring, reduction of cycle time is an important an aspect. Before getting to know the benefits of reduction in cycle time, it is better to understand what cycle time is meant. Cycle time is the time between placement of the order and delivery of the product. At one end of the manufacturing spectrum is the make-to-order operation where the cycle time and cost of production are high. This is because in a make-to-order situation the manufacturer starts making the product or designing the product only after receiving the order. The manufacturer will procure the materials and components required for production only after getting the order. On the other end of the manufacturing operations is the make-to-stock approach, where the products are manufactured and kept in the finished goods inventory before the order is placed. In both cases the cycle time can be reduced by the ERP software, but the reduction will be more in the case of make-to-order systems. In the case of make-to-stock, the items are already manufactured and kept in warehouses or with distributors, for sales. Here the cycle time is reduced not in the shop floor, but during the order fulfillment. In the earlier days, even for the made-to-stock items, the cycle time used to be high. This is because the process was manual and if computerized, was not integrated. Here is a typical example of old working system. Suppose a customer places an order. The order entry clerk has to check whether the ordered product is available in the warehouse nearest to the customer. If it is not available there, then he will have to check whether it is available in other warehouses or with any of the distributors. Then he will have to process the order, inform the concerned warehouse or distributor to ship the item and then inform the finance department to raise the invoice and so on. Also Read – ERP in civil engineering All these used to take time, days and sometimes week. But with eresource ERP system, as soon as the order is entered into the system, the system checks the availability of the items. If it is not available at the warehouse closest to the customer, then the warehouse that is closer and which has the item in stock is identified. The warehouse is informed about the order and the shipment details are sent t the distribution module, which will perform the necessary tasks like packaging, picking and so on, so that the goods are delivered on-time. The finance module is also alerted about the order so that they can raise the invoice. All these actions are triggered by the click of a button by the order entry clerk. Since all the data, updated to the minute, is available in the centralized database and since all the procedures are automated, almost all these activities are done without human intervention. This efficiency of the eresource ERP reduces cycle time. eresource ERP system has proved that it can produce goods at the flexibility of make-to-order approach without losing the cost and time benefits of made-to-order operations. This means that the customer will get individual attention and features that they want without spending more money or waiting for long periods. With t web enabled eresource ERP system, customers can place the order, track the status of the order and make the payment sitting at home. Also Read – ERP for Trading industry
Though there are numerous players in the Indian ERP market today, eresource ERP software solution stands out among its competitors. Our ERP system is composed of several integrated modules that replace legacy systems, most of which are point solutions that operated solo in their respective departments. eresource ERP software systems use a common corporate database to integrate not just multiple departments, but also multiple sites, for a truly company wise view. In this way, this ERP system gives greater visibility into business processes across the company, including the finance, human resources, manufacturing and marketing departments. One of the challenges in the Indian ERP market is scaling these complex, expensive systems to make them more accessible to midmarket companies. With the introduction of Filtered ERP, eresource has made ERP within reach of all small and mid-sized companies. We have also made our ERP software solution easier to use and simpler to implement, as well as reduced cost necessary customizations to fit the business, namely by adding features that support certain aspects of businesses that are common to midsize organizations in a given industry. Though we agree to the point that almost every midmarket ERP solution includes the same modules, the features within those modules vary greatly when it comes to eresource ERP. In general, our ERP system’s core modules are: BI (Business Intelligence) CRM Financial management HCM (Human Capital Management) Manufacturing operations SCM We have incorporated video demos of our Construction and Infrastructure ERP in the site. You are most welcome to visit those pages to ascertain how effective the modules are. We are sure these demos will help you to scrutinize our system closely. We are on the process of adding more video demos to all other verticals. (Please visit us again to see it yourself). You must also keep in mind that the time is right during an ERP implementation to standardize business processes across the network – which should make it easier to carefully align your organization’s business Also Read – Call +91 77389 72222 or Email us at info@eresourceinfotech.com for Free ERP online demo!
ERP for Business Growth: Business in this world is complex, fluid and customer-centric. It requires stringent, yet flexible processes and communications systems that extend globally and respond instantaneously. The process and systems must be integrated. No part of the enterprise can escape the pressure to deliver measurable results. To compete on a functional level today, businesses must adopt an enterprise-wide approach to ERP that utilizes the Internet and connects to every facet of the value chain. They must change their own internal processes and procedures to foster collaboration efforts both inside and outside the organization, and they must integrate technologies that allow their collaboration efforts to take full flight. Changing internal process is not always easy. Organizations must abandon old methods that strived to preserve and protect data in individual fiefdoms. They need to allow data to be shared with an organization a rule and roles based system. They must overhaul reporting structures that limit decision-making to a select few. They must open lines of communication and collaboration with the organization and to outside partners, suppliers and customers. Without open processes the extension of EPP throughout an enterprise will fail. eresource ERP gives businesses a vehicle to manage information and use it to their advantage. Its organized customer data in ways that help individual departments operate more efficiently; and it creates streamlined processes that help manufacturing operations cut costs and move products along more quickly. Web-enabled ERP links departmental communications, work processes, customer data and supplier capabilities into a centrally functioning system – all focused on driving the enterprise forward. Enterprises are already starting to benefit from their eresource ERP installations to more of their organizations. Web-based ERP was a giant step forward when first came into scene. However, over time, most products on the market offer similar functionality, eresouece ERP has its greater efficiencies and effectiveness, which our customers are really satisfied with. eresource ERP does offer advancements in functionality. It delivers on the original concept of ERP being for the entire enterprise, so that the whole organization can operate more efficiently. No longer does corporate information sit isolated in departmental silos, but it houses with all corporate information, used to benefit the entire organization namely, its business partners, supplies, customers, etc. This information enabling creates a new level of cohesion and eliminates most of the departmental and organizational information barriers facilitating smooth and seamless flow information. The integration of ERP, the enabling technologies like CRM, SCM, the analysis and business intelligence tools and web-enabled ERP, the organizations to do business in the Internet way at astonishing speeds and high efficiencies. Also read – Call +91 77389 72222 or Email us at info@eresourceinfotech.com for Free ERP online demo!
ERP Security – eresource Infotech, India’s leading ERP software company, is proved to be the most effective and reliable ERP solution providers. Our highly secured ERP solution provides uninterrupted reliable services. eresource ERP solution is armed with up-to-date security and intrusion detection facility, which provides an organization with quality service. Anyone will agree that security is the main concern when it comes to software application and it is one of the most important issues for an organization. In classical business operation, just as in governmental and military operations, there have long been security issues concerned with physical protection. eresource Infotech has made a thorough study of the situation and incorporated the security measures in our solution as per the requirements. Security threat to ERP is possible in the form of tapping or hacking. In addition to these security risk faced by all computer systems, two aspects of security are critical to ERP. One aspect concerns the quality of data generated and housed on the ERP. The other aspect is control over who can access data. One major benefit of a Web enabled system is the flexibility afforded to users through the ability to log on to the ERP system from any terminal or location. The ability to maintain ERP security in a Web environment is mandatory, given that majority, eresource ERP is responding to demand to provide adequate security. Also Read – ERP in civil engineering Our project experts study every aspect of the project thoroughly before the implementation. Our experts bring their know-how about the ERP package and about ERP implementation – know-how that is not included in the standard documentation. This practical knowledge is derived from their expertise, which stems from practical experience, because our project managers have seen many projects and have made or seen many mistakes, they can avoid many of the mistakes bound to occur during the implementation period. They know what will work and what will not. Thus, by eliminating the trial and error method of implementation and doing it right the first time. Our project managers help in saving huge amounts of money, time and effort. eresource experts can present the advantages and drawbacks of each area and reach a consensus with the decision makers before the implementation. Needless to say, it is also their duty to understand the total context and scope of the envisioned work and also alert the company management about actions and decisions that must be undertaken on time to time. Our project managers will maintain technical documentation on the project. Though they will leave once the project is complete, they will create a knowledge base and also will train enough people so that the work they have started will be continued without any interruption. Also Read – ERP for trading industry
ERP software for SMEs: A flawed business strategy and a poorly performing business process cannot overcome by just deploying an advanced information technology. For successful business growth companies, especially small and mid-sized organizations, must define a business strategy that will give them a competitive advantage or, at the very least, make them competitively equal. Then the companies must analyze their current business processes and develop objectives. A suitable ERP implementation process can be started once the above step is done. An effective ERP software selection and implementation can support the strategic and process objectives better. Selection and implementation of a suitable ERP solution must be done with utmost care and efficiency. Today the most talked about trends has been the presence of web-based ERP software for SMEs. Though there are many players in the market who have come up with web-based ERP solution, eresource ERP stands out as the leading and most prominent web-based ERP in Indian market. This is because eresource ERP’s contribution in the SME segment during the last couple years that has lifted the confidence of all our customers. The unexpected growth in their business made them to believe that this ERP product has come to their rescue at the right time. There was a time when most of the SMEs were worried by the high maintenance fees and complex implementations procedures associated with all major ERP software. With the advent of eresource ERP with all the key advantages for the SME segment it was like a dream come true experience. The highlight of our ERP system are it has a low or minimal initial capital expenditure, lower need of in-house IT resources, hassle-free operation, pay-for-the-module option, faster deployment and quicker RoI experience. It is most important to understand that when ERP is not fully integrated into day-to-day business operations, it is not likely to be very beneficial. To experience the benefits of our ERP system it is also necessary to carry the implementation successfully. There are some important elements that contribute a successful ERP implementation. The implementation must be 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. As more and more SMEs are looking for web-based ERP solution, we are sure that the coming days will see large and very large as well as more mid and small businesses also going for web-based ERP solution. Also Read – Call +91 77389 72222 or Email us at info@eresourceinfotech.com for Free ERP online demo!
ERP Implementation Planning The time is an important factor as far as an ERP implementation is concerned. Companies should also be equipped with abilities to face whatever shortcomings they may encounter with. Implementation methodologies must not only satisfy the customer, but also must boost the confidence of the users. There is also a confusion prevailing among the top decision makers that whether ERP implementation be carried out module wise or all the modules at one go? Before taking a concrete decision on this regarding the management must make a thorough study of the prevailing situation in their organization. This is because the ground situation varies and depends on each organization. Mostly decision on this depends on the readiness audit result, available strength of consulting human power – both internal and external – relevance of ERP at various sites, time frame, and the budget. But it is highly recommended that the organization should go for the implementation of all the modules at one time at one site, and then go for roll out strategy for all sites. There is also a wrong concept about the BPR and ERP system. The main doubt persist in the mind of many decision makers is whether the organization should first carry out BPR and then implement ERP, or vice versa. Actually, one has to understand that the physical form of the BPR concept is the ERP system. In some organizations where BPR is carried out first then ERP was implemented. In all these places, the BPR document was thrown into dustbin and new ‘to be document’ was prepared suitable to ERP. Such cases clearly show that BPR benefits as such don’t exist without ERP reference, and ERP just cannot be carried out without proper BPR. What we assume is that the BPR must be the outgrowth of ERP implementation and, therefore, it should be carried out during implementation only. But the major element of BPR is the change in the mindset, which can be initiated before ERP adoption, may be during the preliminary analysis by way of user training. The best thing to do in these situations is to carry ‘noiseless BRP’ which triggers the implementation smoothly. Tight integration between modules is the key to an efficient ERP packages; therefore all of the core business modules are related. For instance, in eresource ERP, manufacturing operations are integrated with customer service, logistics and delivery. A new customer order automatically initiates an appropriate warehouse action and product shipments trigger billing processes. Sales, production and purchasing groups work seamlessly together to fulfill critical customer orders and adapt production levels to changes in market demand. Organizations also must understand that development of ERP is not like other software development projects, which are normally carried out focusing on automation. We find such serious mistakes being committed by some big and small companies in India. Today, when quality ERP product like eresource ERP is well within the reach of most of the companies, one should not opt for costly in-house development. This kind of in-house developed ERP is not at all an ERP system except the integration. Organizations that are looking forward to business growth should remember that the decreasing costs of hardware, infrastructure technology and ERP applications put a modern version of these business-management packages within reach of any company. Also Read – ERP for Manufacturing Company
When a company decides to implement an ERP system, what they are primarily looking for is the improvement in the management of their financial section. But a hurriedly taken decision about ERP implementation can bring the negative impact. Therefore selection of a suitable ERP system is most important as it must not only suite your business process but also your finance management. By now everyone knows that the continuous changes in the global business environment, efficiency and effective in the management of companies cannot be compromised. For efficiency and effectiveness in the business operation the management must create path for bi-directional relationship of the different areas and processes of the company. Nowadays team work becomes an essential part for a successful business, which includes the planning and administrative functions of all the corporate areas. The use of eresource ERP in the Financial Department is a best way to manage the account records updated in a reliable and effective way. The General Accounting, the centre of the financial activities of the system, helps to capture and integrate the transactions made inside the module, allowing you to see the influence in financial terms over the enterprise as a joint system. 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. All the audits include information details such as who made an entry and when, as well as who created and modified the last time, is recorded in our ERP system in order to maintain a proper order in an organized manner. The display can also be made simpler by opting for filtering the details by date entry. One of the most advantages of finance management module eresource ERP is that the accounting information of several years can be maintained online without affecting the performance; and it also has specific features to leave tracks of audits to determine the origin of the transactions. Also Read – ERP Software for Manufacturing Industry
Consider ERP implementation as investment When an organization deploys ERP solution expectations are bound to run high as all the manual processes are automated, production scheduling is more efficiently managed and inventory is more accurately assessed. We have time and again emphasized the objectives of eresource ERP. Our prime objective is to give the Midmarket organizations an effective ERP solution which after implementation can measure the business performance more holistic fashion than ever before. Our system gives executives real-time visibility into all business processes, enabling them to make better strategic decisions. In short, with eresource ERP system, a midmarket company can compete more aggressively in global markets. Implementation of eresource ERP can reduce costs in three primary categories such as inventory costs, manufacturing operating costs and administrative costs. Our system has its fingers in all aspects of running a business; its benefits are myriad and go beyond tangible cost reductions. It can improve an organization’s customer service and response time when solving issues. It can solve issues of interoperability among multiple manufacturing locations. It can standardize and accelerate manufacturing processes in all of a company’s manufacturing sites. It can streamline a manufacturer’s order-fulfillment processes. It can facilitate connecting with partners’ and suppliers’ enterprise systems. The biggest advantage of eresource ERP is that it is fully web-enabled ERP solution eresource allows software capabilities to be easily connected and reused, making it quicker and cheaper to assemble, deploy and sustain enterprise-grade technology. With eresource, organizations can more quickly adapt to changing business processes. Several midmarket enterprises have already implemented eresource ERP started enjoying the benefits out of it. The latest and greatest thing to hit midmarket ERP is on-demand delivery of ERP applications. eresource ERP also offer on-demand in addition to filtered ERP options. Filtered ERP or subscription-based pricing of eresource ERP solution will be particularly appealing to midmarket organizations with minimal IT budgets and on-site resources. They can also help organizations react more quickly and with less disruption to structural changes within the company and changes in the market. What is to be cautious about the selection of an ERP system is, before you commit to any ERP system, you should first evaluate the system such as what your organization needs and wants to accomplish with its ERP strategy. The outcome of this evaluation will help you determine which applications and what kind of functionality your organization requires as well as go a long way toward easing the implementation Also Read – Manufacturing ERP Software
Effective ERP systems in many organizations it is the accounts and finance departments which are the biggest supporters of the ERP implementation. This is because by using the sales and operations planning process, they will be able to tie financial implications to the forecasts and determine where the organization should be headed financially for the period, year or even longer. This information can be used to ensure that you meet bank and growth forecasts and increase the organisation’s value. For any organization, if you can achieve the sales targets the departmental budgets generally fall in line so that profit goals are met. Use this process to plan for profits, and growth or to manage through difficult periods. It is a fact that it is easier to implement accounting applications than those for resource planning. This is because less time is typically required for process definition and also because the implementation path is more straightforward. Most companies that have some sort of computerized information system would have computerized their finance and accounting processes. The reasons for this are based on the relative immaturity of effective formal resource planning and scheduling processes versus the high degree of maturity on the finance and accounting side. Finance and accounting people have an important role to play in ERP implementation projects. In addition to implementing their new processes, they have a role to play on the ERP executive committee, the project team and spin-off task forces. They will need to devote some time to getting educated on the ERP system. They must understand the logical structure of ERP benefits to be achieved from running the business with only one set of numbers and the competitive advantage that highly effective ERP can provide. Also Read – ERP System for Trading Company