ERP & The New Normal

Accounting software systems stores business financial data and is used to perform financial transactions. It is a stand-alone system that allows you to enter, store, and analyze business data. When we talk about a manufacturing company, there are multiple interconnected departments such as sales, purchase, accounts, production, CRM, HR, and more. So, if you are looking for software that can manage your accounts and financials, it is better to invest in ERP software . Why? Because end-to-end software will not only handle your accounting department but will also manage, streamline and automate other business functions.   OptiProERP with SAP Business One is a comprehensive suite that integrates financials with your manufacturing processes. This is how implementing OptiProERP can help your business achieve success in the accounting and financial department: 1. Forecasted cash flow management  2. Task automation 3. Role-based dashboards 4. Accelerated financial close 5. Accurat

When you embark on the ERP selection journey , its pricing is often one of the important aspects to consider. If you want to know how ERP software can help you grow, remember to take ROI into account. ERP Software Report 2021 shows an average cost of $8,265 per user with an average of 26% of employees as users. ERP Software The answer to the question: “ How much does ERP software cost ” varies from business to business and it depends on many factors such as the deployment model you choose, add-on modules, customizations, pricing models, internal staff cost, hardware/software cost, training and maintenance, data migration and more. ERP selection is a time-consuming task that needs decision-makers to evaluate multiple options from so many available. So, if you are someone who has chosen ERP software or are still on the journey, make sure to focus on such aspects because it will add to the entire pricing model.

Enterprise Resource Planning solution is an integrated suite of software tools that allows an organization to automate processes, promote accurate and leaner operations and drive success. ERP systems provide visibility into core business processes and ensure timely tracking, reporting, and improving the information systems. Instead of managing multiple software for managing diverse departments, ERP ensures managing every aspect of the business from a single platform. From purchase, accounts, sales, production, inventory, warehouse to shopfloor, CRM, analytics, and more, ERP helps you manage resources, availability, operations and delivery from an automated system. Benefits of ERP system are as follows: Increased productivity by automating and optimizing your core business processes. Operational visibility allows you to get answers to your complex questions from a single system. Reduced risk. ERP ensures compliance with regulatory requirements and it helps you predict risk with busin

 “Remote access capability” is one of the important benefits that cloud software offers. It allows your employees to work from anywhere, anytime, and from any device. Cloud platform uses the advanced infrastructure for fast and reliable performance and helps you keep up with the latest innovation and automatic updates. If you are a part of the manufacturing sector, I’d like to suggest a cloud ERP solutions instead of accounting software. Why? Because cloud ERP software not only manages your accounting department but integrates all business data into one solution. With ERP software , you don’t have to worry about data security and optimization of resources. From tracking operations to monitoring who is doing what task, ERP lets you have a look at every business process from a single screen. Accounting ERP software improves business performance by integrating financial data with manufacturing processes (Sales, CRM, Procurement, Production, Ecommerce, etc.  Accounting module in ERP he

 by Katie Slimov What are the first words that come to your mind to describe the Millennial generation? Technology enthusiast? Selfish? Effective? And many more words are among the definitions of this generation. Researches emphasize that the Millennial generation is the largest generation in the workforce. If you have an organization that wants to change its old system and have plans to move to the cloud, it may be helpful to choose your ERP software by taking clues from the Millennial demographics. When we talk about the Millennial generation, the first thing that comes to mind is the technology addiction. Shopping, entertainment or paying bills, communicating, getting news… In short, the expectations of this generation, which accomplishes all their daily living habits through technology, are quite different. Today, in order to meet these expectations, companies that make sales through the internet must first understand the millennial generation and their expectations correctly. For

Finding the right ERP software for your small business requires time and money. Because there are multiple ERP software providers around us, choosing the most suitable ERP for your business has become difficult. ERP system comprises many business management applications that talk to each other on a shared database. It manages comprehensive business operations, from purchase, sales, production, supply chain to sales, shipment, and dispatching. If you are someone who is investing in ERP for the first time or thinking about replacing your legacy system with a new and modern manufacturing ERP , you should take guidance from ERP vendors and advisors. OptiProERP with SAP Business One is a renowned Enterprise Resource Planning software that delivers best-in-class, end-to-end industry solutions built on the market-leading platform, SAP Business One. ERP brings all the core business processes into one database and provides real-time visibility for better decision-making. Automate your bus

Enterprise Resource Planning software has become ubiquitous in every business sector. From retail to distribution, manufacturing, and finance, every sector wants to invest in end-to-end ERP software solution for proper management. Among all these industries, manufacturing is a highly complicated industry. It deals with the production of goods from raw materials with the help of laborers and machinery. ERP helps companies to streamline all the activities across business functions from a central place and have one system of record. Why is ERP important for the manufacturing industry?  It tracks raw materials, manages daily finance, monitors inventory, schedule tasks, use QC checkpoints, tracks job costing and manages the manufacturing process efficiently. To learn about the benefits of Industrial ERP software for the manufacturing sector, you can contact us.

Wholesale distribution software have served a crucial role in the global economy. With growing customer expectations and changing market conditions, they are also want to manage supply chain operations by keeping the right amount of inventory in hand, without tying up excess cash resources. To select the right ERP for your wholesale and retail business, it is important to understand what challenges your business face. In this sector, wholesalers, retailers, and distributors keep inventory as low as possible and track thousands of orders while saving time and minimizing overhead costs. These are a few aspects to keep in mind while selecting the right ERP for wholesalers and retailers: Real-time visibility:  While evaluating options, make sure to look for a cloud-based ERP that can allow you to have a real-time view of what is happening on the shop floor, which resource is engaged, etc. Also, a real-time solution lets you manage capacity to schedule orders, assign, manage and review t

Inventory management System for Small business is one of the crucial business processes, which encompasses supervising – • The flow of goods from manufacturers to the warehouse and vice-versa • Storage of inventory • The amount of to-be-delivered products • Cost-effectiveness of the inventory operations Following are the inventory management best practices that manufacturers should prefer – 1. Try to maintain an optimal stock level every time When manufacturers maintain proper inventory levels, the production line runs with optimum capacity. Enough inventory should be available in the finished goods warehouse, to satiate the demands of customers. It is best to avoid overstock of inventory or stockout scenarios. 2. Track inventory through the supply chain Manufacturers should ensure to track in-house inventory, does not matter whether the stock is available in one or multiple warehouses, or at multiple locations. The key is to have the right amount of the right inventory at the right

Enterprise Resource Planning softwa re :  Enterprise Resource Planning software is an end-to-end business management software that offers multiple modules. Industry-specific modules allow organizations to manage, streamline and integrate back-office workflow functions in all the departments. From HR to CRM, accounting, inventory management system for small business , WMS to supply chain management, and more, ERP offers modules to cater to almost every department. ERP is integrated software that connects all the departments through real-time access to data. That means the Sales manager and Production manager can see through the operations on which they are working, without telephonic conversations and exchanging files. MRP · It is a stand-alone system and has limited users · Is less expensive · Specifically designed for manufacturing companies · MRP is a subset of ERP software ERP · It works as an integrated end-to-end business management solution and can have many users · More expen

Enterprise Resource Planning software has become the lifeblood for businesses over the last decades. It gives employees access to business data for tracking, evaluating, and managing operations with efficiency. Common ERP modules support back and front office functions such as procurement, finance, accounts, sales, inventory management, supply chain management, and more.  Let Us Have a Look at Some of the Basic ERP Modules: 1. Finance and Accounting Finance and Accounting ERP module focuses on displaying the current financial state. It automates billing tasks, vendor payments, helps you prepare reports such as Profit and Loss statements, and more. 2. Human Capital Management Human Capital Management ERP module allows businesses to manage, develop and recruit human resources or employees and streamline the onboarding process. It promotes talent management, compliance management, workforce management and maintains employee data. 3. Procurement Also known as the Purchase module, Procu

ERP consists of multiple modules and Warehouse Management  System   is one of those. Yes, WMS is also available as a standalone system but if you seek an integrated platform that can manage the entire business data in one system, then ERP with an in-built WMS module is the right solution. Warehouse Management  System The role of the WMS solution is to manage end-to-end operations in the warehouse. It assists the manager in tracking and reporting every job done: receiving raw materials, keeping it within bins, WIP (work-in-progress), capturing cycle counts, and more. Manufacturers want to gain real-time visibility into stock movement and location. WMS promotes digital capabilities and warehouse automation. With the mobile app, you can issue materials for delivery or production and record goods receipts from vendors or the shop floor. Benefits of Warehouse Management System: 1. Increased operational efficiency: If you opt for a cloud-based system, it will ramp up your supply chain

Modern businesses are investing in cloud-enabled ERP solutions to drive digital transformation strategies. One of the biggest benefits of moving to cloud ERP is that it helps you save a large amount of money. You don’t have to worry about IT expenses or invest in a team of IT personnel for upgrades and maintenance. Everything is taken care of by the ERP vendor. Cloud ERP The second benefit of the cloud platform is – it eliminates data silos. ERP enables decision-makers to view the business data on one platform. This saves time to gather data from multiple sources. ERP supports end-to-end data integration in the organization. Real-time data accessibility is the third important aspect of cloud ERP. COVID-19 pandemic has led to many manufacturing supply chain disruptions. Remote working and hybrid workforces need to have real-time access to important business data to make decisions while not being on the factory floor. Cloud ERP comes with a power of flexibility that allows employee

Master Production Schedule   (MPS) is a production planning tool that outlines what should be manufactured, when, and in how much quantity. MPS bridges the gap between the sales department and manufacturing department and balances demand and supply. MPS defines the necessary quantities for production to ensure smooth and streamlined production. With MPS manufacturers form a detailed plan that helps them achieve desired customer service levels, make the most efficient use of resources, and maintain minimum inventory levels. Let’s explore the objectives of the  Master Production Schedule • Reduces lead times • Prevents scheduling mishaps and inventory shortages • Make adjustments to fluctuations in demand, minimize waste • Improves the overall efficiency in the production process • Builds an effective communication platform between the sales and planning team MPS is a crucial planning and production tool that helps manufacturing organizations extract supply-demand data, deliver timely pr

Enterprise Resource Planning (ERP) software has become a crucial part of modern businesses. ERP is a business management solution that helps manage and efficiently run the core business functions: finance, purchase, HR, sales, CRM, and others. 5 Steps For s Successful ERP ERP integrates data from all these departments into one system and gives companies the agility, speed, and collaboration they need to grow in the competitive market. ERP implementation services  provides a great opportunity for organizations to transform business operations. Once you select the right ERP software for your organization, the next step is  ERP implementation  ERP implementation describes the planning, configuring, deploying process and includes ongoing support to the users. Let’s see how implementing an ERP solution can help your business: Efficiency: the ultimate goal of ERP implementation in the organization is to boost efficiency by enabling automation, eliminating data redundancy, and streamlining