ERP & The New Normal

It is true that without any kind of   financial management   or accounting solution, an organization cannot survive.   Financial Management System   or FMS is designed to plan, organize, direct and control an organization’s financial resources. A   financial management system   keeps the track of money as it comes in and goes out of the business. A manufacturing organization requires multiple tools to manage different departments. Instead of investing in many tools for managing finance, production, inventory, etc. It is better to opt for a single system that integrates all these modules. ERP or enterprise resource planning software is an end-to-end solution that integrates all business modules and focuses on streamlining the operations. Financial Management System   in ERP can help you strategize business goals and track income and expenses to help with financial planning. · You need   financial management system   when: · You don’t have control over company expenses · You can’t keep t

Wholesale and distribution is an important segment in the marketing industry. Nowadays, leading distributors are deploying state-of-the-art software solutions to create, deliver and sustain customer experiences. Usually, the wholesalers and distributors have to work at different sites, in different warehouses for controlling, managing and replenishing the inventory. Therefore, it becomes a tough task to make all the operations streamlined and systematic. Enterprise Resource Planning software is considered as a suitable solution for wholesale and distribution industry as it solely manages all the comprehensive operations – procurement, sales, production, quality control, warehouse, supply chain, etc. in a streamlined manner. Some of the ERPs such as OptiProERP can be easily integrated with Magento to facilitate the sale of goods online. SAP, Oracle, and Netsuite are a few ERP software solutions which are also preferred by many.