What is ERP Software? ERP Software is an acronym used for the term Enterprise Resource Planning, which is business based process management software which enables a business organization to make use of a complex of unsegregated applications to control the business and turn it into a self-operating system. It handles all the back-office tasks which connects services, human resources and technology. This software combines all operations of a business organization which includes development, product planning, sales, marketing and manufacturing into an isolated database, user interface and application.
By installing an ERP solution, your business can benefit in multiple ways. Apart from other countless benefits of executing ERP software solution, it can increase the productivity of your business. The efficiency in the management of your business can be hiked up.
An ERP Software solution streamlines all the processes related to your business in a very cost-effective manner. Now let’s take a look at the other benefits your business can enjoy after installing ERP solution from a well-developed ERP software provider in Dubai.
You heard it right, an ERP solution from the best ERP providers in Dubai, requires a paramount investment, but the loss in not making such an investment is equally huge. Some businesses might choose the well-tried, traditional, old school methods, and at the same time, others go for new and latest technologies of the modern era. Contention or competition is a big part of the business world, and it is guaranteed that your business cannot afford to face the blow of your competitors using the latest ERP software solution, while you are still following the same old traditional ways.
Manually entering each and every point of your business information can be tiring as well as repeating. By installing ERP software solution, your whole business will be automated, and hassle-free. The best ERP solution if implemented by an experienced ERP provider supervises the smooth flow of your business operations, making it much simpler, and efficient. It will make it easy for yourself to collect data, from any department of your business.
ERP software solution, allows your business managers the facilities they require to implement more precise estimation. The information given by the installed ERP solution will be as accurate as it could be making the predictions and estimations accurate as well; the estimations made by your business managers could be more effective and trustworthy than the estimations made years old traditional methods.
Who would like to run a non-segregated company? Would you? Let’s hope not. Integration between the departments of a company is very crucial for its success. By recording all the required data, into the ERP software solution, it will be much more centralized and stable, which makes the department more integrated than ever. ERP solution analyses almost all the phases of a business and hence encourage a more integrated departmental effort.
Overtime, ERP solution allows the business to add the new users into its system in a seamless manner. As your business grows it is essential that you add human resources into it. In such a scenario ERP software can benefit you immensely, as it allows the business to add new users easily, accommodates the growth in your business without any hassle.
When the data of your business is being arranged in a segregated manner, scattered here and there, the accuracy of the collected pieces of data will be under question. But when it comes to ERP software solution, the business can be benefited highly as this software enable you to create a single platform for storing all your data, be it of the same department or different department. This will keep your business information, stable, precise and distinctive.
The administrative and operational cost of your business can be reduced using ERP software solution, as this software allows you to store all the information in one database platform. This benefits your business by allowing users to handle operations, controls inference, and unwanted delays. It converts inference logjams into consumable form. These features benefit you to propose decisions more quickly. Making the right decision to install a much better performing technology like ERP solution can benefit you by providing a huge ROI.
As your business grows, so does the complexity of your business operations. The ERP software solutions work on business operations across all the departments, which helps in earning accurate information to all the users in your business using the ERP solution software. Through the usage of ERP solution, the users can easily navigate complex processes, which prevents the re-entry of information and enhancing your major business functions like order completion and manufacturing very smoothly without any hindrance.
Another benefit of ERP solution software is that it’s completely adaptable. The ERP solution if implemented by an experienced ERP solution provider can access the centralized database of your system, no matter where you are working from, be it office, home or anywhere for that matter.
ERP solution benefits you in making your reporting system more comprehensive, easier and customizable. If your business is having a highly equipped reporting system, it can easily manage complex data request without much of a trouble. The users in your business can easily run their reports without depending on the IT team, and hence saving much of the time which the can utilize in their other projects.
It’s not always possible that you can save time and increase productivity at the same time. But it’s true in the case of an ERP software solution. As the majority of its software procedures like data collecting and handling are completely automated, the users in your business can spend their time in something which is more productive and useful. It also benefits you by making your user’s work more effortless.
One other such unnoticed benefits of an ERP solution provider is the ability to tie well with the regulatory compliance of your business. ERP solution helps your business in keeping tracks of the regulation which is within your business parameter and also supervises the changes happening in the compliance.
A major benefit of ERP solution is that it is powerful, format-able and flexible. They are designed in such a way that it fits anywhere you need them to; you can change its format as it suits your business criteria. As your business grows, the software can easily adapt to the growth and change itself accordingly. ERP solution provider adapts to your business needs, not wanting you to make use of another replacement for the software.
The customer service you provide to your customers, when you are using one of the traditional tangled methods and when you are using an efficient ERP solution provider well are totally and entirely different. It benefits your business to interact with the customers and bring out solutions to their problems very effectively. The ERP solution can help you to access to the accurate information and history of your customers.
If your business has the access to an efficient ERP software solution, you will not have to worry about the security of your collected information or data. ERP software secures all your data with, in-built resources as well as firewalls. The restrictions to users of the ERP software can be controlled by your business managers, which will make your data and information as secure as you would like it to be.
Top ERP Companies and their Products
How does ERP Software works?
At the first glimpse, it might seem to you that ERP software is just a work of pure common sense. Well isn’t it obvious? How can a company or a business work without a well-equipped and resourceful software system? No proper system implies no proper planning, which in turn implies no proper ROI. Simple as that, isn’t it? Well no, it’s not as simple as pure common sense put in to practice for business development. ERP software is a set of properly managed and arranged tools of software and recognised process, which when a company or business uses makes their data completely stable, and their business smooth running, time-saving and economic, ensuring huge ROI. All the best ERP software implemented in the market provides you with mind-blowing experience compared to traditional methods.
The main aim of ERP software or the main benefit received by a business using ERP software is that it allows the managers to understand and evaluate what exactly is happening with the organization. As the business grows, its system becomes more complex and widespread. The number of branches increases, the human resource pattern hikes up adding more officers and staff. New product launch and marketing campaigns come up. All these additional add-on increases complexity. If this complexity goes on unchecked it can lead to duplicated staff roles, and the behaviour of staff can go out of hand which will lead to a compromise in the product or service your business provides. The immediate and uncontrolled growth of your business can hence be a good sign with some very notorious effects. This is where an ERP solution provider and the best ERP software available can assist and help you. This will allow your business to expand safely, with no other worries. You can increase your human resource, change your accounting strategies, but no matter what you do make sure that you have efficient ERP software on hand to keep your business free of incompetency.
Basically, ERP software is a unifying tool which brings all the important and unavoidable company modules like, personnel management, inventory management, customer relationship management, marketing and manufacturing. Erp software can control all different modules of a business, together and single-handedly.
Erp packages are initially a collection of databases. The ERP software saves the data stored by your business managers as it is making it easier for the future usage of the business. This data can be anything that is handled by your company, be it bill materials, unpaid invoices or the purchase orders. Anything that will affect your business will be processed by the ERP software.
The usage of ERP software is wide spreading extensively around the manufacturing sector, that too very rapidly. Erp solution providers can help and benefit business which highly depends on the condition of the market and also the purchase demand from the customers. It can be more benefiting if your company or business operates in the last minute manufacturing strategy teaming up with lean manufacturing principles. Almost all kind of businesses, from all type of economic sectors, has started to accommodate ERP software. If your business is dealing with a complex of a business process from human resources, accounting, marketing and sales, can indeed benefit your business by accommodating them together. As mentioned above its equally applicable for all the sectors, be it a small scale developing company or a large scale successful company.
If properly implemented from an efficient ERP solution provider, ERP software can help the users to do their work more efficiently with a minimum level of hassle. All the employs will have the access to the data and information about the department they are working and the other department of the business. This will help them to easily coordinate with the other employees of the business and also with the managers handing their work. The users can also benefit from the data collected by the system as they can use the same in planning their activities. When we look from the perspective of the management, the ERP software can give them a clear picture of what is happening in their business, be it success or failure. It can highlight certain areas, like the area with slow productivity, waste area. Erp software can provide you with a set of an analytical suite, which helps the business managers to understand the upcoming problems.
Types of ERP Software
Now you must have got a clear picture on what ERP software is? Let’s turn our attention to the different types of ERP software. Erp can be classified on the basis of the size of your business, deployment, and the functional levels. Below given is a general classification of ERP software.
Generalist ERP software includes legacy and cloud ERP software. They can be used for all the purposes across the industry. The ERP solution producers design this type of ERP software in such a way that, they have both strong customization and non-segregation which matches almost all industries and business requirements. This is considered its best feature. The generalist ERP solution are one of the largest sectors in ERP solution.
These are ERP software designed by ERP solution providers for specific industries and business sectors. These kinds of ERP software benefits small-scale business and companies, which try to focus on local scale market, rather than a large one. They are mostly found in ERP software Dubai.
Small Business ERP
Small business ERP includes cloud ERP as well as on-premise ERP software. This type of ERP software is comprised of many numbers of modules with cut down features. In case this ERP software, only two or three of a business process are being considered rather than another fully non-segregated or integrated system. For example one of these small business ERP, might feature the accounting function and HR only, and also consist of add-on options for CRM, supply chain management or inventory. This type of ERP software designated as lightweight ERP.
Open-source ERP is another type of ERP software. The best feature of this platform is that it enables resident tech teams to develop and also non-segregate their business applications into customized ERP. In the case of developers the usage of open source ERP software hikes up the usability and also the user adoption, as this type of ERP software can grind out a highly customized process.
Features of ERP Software
Based on the necessity of your business ERP softwares can either be integrated or customizable, it all depends on the kind of process they are being used for. All the best ERP software including ERP software Dubai general ERP software covers all the main business processes and comprises of these modules:
- Customer Relationship Management
- Sales and Marketing
- Supply Chain Management
- Human Resource Management
- Financial Management
If the provided ERP software is much more advanced it might also include additional facilities such as business intelligence, e-commerce and also asset management. Let’s categorize each module of ERP software and take a look at how they can help your business.
Management of Finance
This module of ERP software assists you in managing the inflow and outflow of your capital. It comprises general finance and accounting transactions like general ledger, expenditures, bank reconciliation, payments, balance sheet, tax management, expenditure and payments. The module also prepares financial reports for the various numbers of departments as well as business units. This module is mostly enhanced in ERP software Dubai.
The module associated with CRM, assists your business in customer service and hence promotes the amount of profit per capita. This module helps in the management of opportunities, customer leads and also customer issues. It also provides a complete profile of your customers by collecting data from their social media network, and also purchasing history, and also from past interaction of the customers with their support representatives. The best ERP software, including ERP software Dubai, provide this module in their software. In this module of ERP software, the CRM is connected with the sales module to boost speed conversions.
Marketing and sales
This module of ERP software takes care of workflow which includes quotations, sales inquiries, sales invoices, and also sales orders. If the ERP software of the mentioned module is highly advanced it might also support extra features like taxation rules and shipping tracker. When Sales and CRM modules are combined together, it promotes sales rate and earns the company more profits.
Image: (HR Power – The Powerful HRM Solution).
This particular module of an ERP software highlights standard HRM tools which includes timesheet, time tracker and also a database for the entire record of employees, skill matrixes, job profiles. This module might also comprise of payroll system and also performance reviews from the management. The module is closely associated with the finance management module of the ERP, which assists in managing employee wages, the travel expenses of employees and also reimbursements. In some ERP this module also offers LMS function. The top ERP software Dubai provides this feature.
This particular module of an ERP is sometimes referred to as Engineering or manufacturing. This part or module of the ERP assists in your business to manufacture more effectively in a certain area like, material sourcing, product forecasting, material sourcing, product planning and daily product monitoring. The key facilities provided by this module include Master Production Schedule, Sales and distribution plans, shop floor control. In the areas of specialities like product planning and inventory control, the module is banded in with inventory modules as well as SCM. All best ERP solution provider available in the field is up to date with this particular module.
This module is sometimes referred to as Engineering or Production. It helps businesses make manufacturing more efficient in areas, such as product planning, materials sourcing, daily production monitoring and product forecasting. Some of the key functionalities in this module are Bill of Material, Master Production Schedule, Shop Floor Control and Sales & Distribution Plan. The module is tightly integrated with SCM and Inventory modules especially in areas like product planning and inventory control.
This module comprises the main aspects contained in the supply chain, which includes management of purchase an also orders. This module also takes care of the product over which includes all the aspects from production to the completed products reaching to the consumer, and occasionally it also might include returns or recalls. One of the most important factors of the SCM module is the automated process of the module. This help in the smooth running of the supply chain and also make it acceptable for the sudden changes happening in the market.
This module is also well known as the Inventory module. This module helps your business managers to standardize replenishments, measure the stock targets, and also their other inventory goals. This module tracks the local items in your business by using their product serial numbers. This module is interconnected with the Purchase Module.
The purchase module handles the different procedures which involve the procurement of materials. This includes the listing of supplies, requesting for quotations and analyzing of the quotation, purchasing of orders, stock updates and good receipt notes.