What is ERP?
ERP stands for Enterprise Resource Planning. It integrates all the enterprise's information and business processes within one single software system and database, allowing users to get an extensive view of their activity in real time, no matter where data has been created or stored. The system manages Finance, Sales, Inventory, CRM, Purchasing and Manufacturing operations globally and streamlines all of the enterprise's processes.

ERP Modules

ERP- Manufacturing

  • Improve productivity and reduce costs
  • Keep your customers satisfied
  • Make better business decisions
  • Enhance your IT infrastructure

ERP- Supply chain management

Effective and integrated supply chains are of strategic importance to companies who want to gain competitive advantage. Customers are demanding greater flexibility, superior services, and rapid response.ERP is the capability to provide timely cross organizational information. To stay in the game, suppliers must achieve shorter lead times, greater assets utilization, and increased productivity, all at lower costs.The real opportunity for competitive advantage best lies with effective integrated supply chains.

ERP- Finance

The ERP Financial solution is a comprehensive financial management solution engineered for the most complex, multinational companies across a broad range of industries. As the leading enterprise software solution, ERP Financials enables companies to thrive in a business environment characterized by intensified competition, uncertain market conditions and increased regulatory oversight.

ERP- Project management

The objectives of project management are:
  • To know the project schedule areas in a typical ERP Project
  • To go through the challenges and tasks of the phases
  • To be able to interface on the right page with the respective clients in each phase

ERP- Customer relationship management

Customer relationship management consists of the processes a company uses to track and organize its contacts with its current and prospective customers. CRM software is used to support these processes; information about customers and customer interactions can be entered, stored and accessed by employees in different company departments. Typical CRM goals are to improve services provided to customers, and to use customer contact information for targeted marketing.

ERP- Data warehouse

Data warehouse is one of the foundations of the decision support systems. It serves as the storage facility of millions of transactions, formatted to allow analysis and comparison. Data warehouse is a collection of integrated and subject-oriented databases where each unit of data is specific to some period of time. Data warehouse can contain detailed data, lightly summarized data and highly summarized data, all formatted for analysis and decision support.

ERP- Access control

ERP access control systems determine what views you can use and what data you can see in those views. Using supply chain and partner portals will increase security concerns.Testing the security from your perspective helps enforce the validation rules. Data-driven tests will allow IT to use the same script with different log-in credentials to validate security rules.

ERP- Customization

Customization is an integral part of ERP solutions. This is a crucial decision which needs to be taken by the organization as it is detrimental in ERP'S success. The rate of customization is directly proportional to ERP success. Customization tends to pose a challenge to time and the funds allocated. The challenge of a successful management lies in balancing them and making both ends meet. It is a difficult task but the success speaks for the process.There are two types of customization: strategic customizations and consistency customizations.

Advantages of ERP Systems

  • Integration among different functional areas to ensure proper communication, productivity and efficiency
  • Design engineering (how to best make the product)
  • Order tracking, from acceptance through fulfillment
  • The revenue cycle, from invoice through cash receipt
  • Managing inter-dependencies of complex processes bill of materials
  • Tracking the three-way match between purchase orders (what was ordered), inventory receipts (what arrived), and costing (what the vendor invoiced)
  • The accounting for all of these tasks: tracking the revenue, cost and profit at a granular level.
  • ERP Systems centralize the data in one place, example customer, and financial data. This eliminates the problem of synchronizing changes and can reduce the risk of loss of sensitive data by consolidating multiple permissions and security models into a single structure.