Enterprise Resource Planning

business
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This article was published on: 26/11/19 4:27 AM

Enterprise Resource Planning (ERP)

Expand ERP cloud provides you the best in its class ERP software to streamline your procure-to-sale processes. Expand ERP consists of Purchase Management, Sales and Billing Management, Customer Management, Vendor Management, Product Management, Financial Reporting, Account Management, Statutory Compliance and Inventory Management. Purchase Management automates key transactions and provides approval workflows. Sales and Billing Management helps you to eliminate bottlenecks and streamline your enterprise processes from sales quote to fulfillment, and timely invoicing to payment all in one ERP software. Customer Management helps to achieve short order cycle times, fast delivery, custom configurations, timely service, accurate invoices and hence a better Enterprise resource planning (ERP).

Vendor Management enables to efficiently manage supplier and vendor data to gain a competitive edge traditional ERP software. Product Management promotes integration and data exchange among all business users who interact with products. Financial Reporting empowers the finance department to record, organize, maintain and analyze data captured from all functional systems included in ERP. Account Management gives you a financial consolidation and reporting application which enables flexible, accurate and rapid reporting than traditional ERP software. Expand ERP Financials, a module within the ERP ensures that you make your tax submissions to the Indian government within statutory compliance’s.

Expand ERP offers a complete set of Inventory management that helps move inventory to the right place, time and cost all through one ERP solution. Expand ERP gives you an in-depth, real-time view into key supplier, inventory and shop floor performance indicators for better Enterprise resource planning (ERP).

When you add up these advantages, the value of Expand ERP is clear. With Expand ERP solution, employees have access to accurate information that enables them to make better enterprise decisions faster. ERP software also helps to eliminate redundant enterprise processes, lowering the overall business cost.

Because every company is unique, there’s no single indicator that says, “You need ERP now!” However, the companies that would benefit most from ERP software often face problems and frustrations.


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How to Develop an ERP Project Plan

How to Develop an ERP Project Plan?
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This article was published on: 28/10/19 6:09 AM

How to Develop an ERP Project Plan

When an ERP system becomes the need of a company, the company often jumps right into ERP selection without taking any time to prepare. However, this is the biggest mistake. It is very important that first an ERP project plan based on realistic expectations is developed.

Most vendors are not equipped to a developed, realistic project plan because they don’t account for all the components of ERP success.

This blog may help you set realistic expectations for ERP selection and implementation. This may further help you to develop an effective project plan.

THE IMPORTANCE FOR REALISTIC EXPECTATIONS – Many companies, begin ERP implementation with a goal of selecting a software that will deliver them a high ROI. They soon realize that the project is much more complex than they expected, and the benefits are still more difficult to find.

WHY DO COMPANIES HAVE UNREALISTIC EXPECTATIONS – A reason for unrealistic expectations may be that most companies focus mainly on the technical aspects of implementation. If you want to achieve expected ERP business benefits you must also concentrate on the people and process aspects. It is also important to watch out for other mindsets that lead to unrealistic expectations.

REALISTIC ERP SELECTION EXPECTATIONS – The first thought that comes to our mind while selecting an ERP system, is that, how long will it take for the ERP selection to complete. The answer is atleast 14 weeks, but larger companies, with multiple locations might as well take as atleast 16 weeks. Its also important that we keep our budget in mind. But before we start contacting ERP vendors, we should set the realistic expectations. We can set them taking help from the following sub-points:

  • Ensuring Organizational Alignment – The key to a successful ERP selection is that the people working in your company understand the advantages of an ERP so that they are ready for the change and the organization is aligned.
  • Developing A Business Case – To win over executives you should design a business case, that includes an outline of how an ERP system can help in the development of your organization. All this can inspire your executives which will help you with a proper ERP selection.
  • Building A Selection Team – At an early stage, we don’t know what are the adequate resource required to build an ERP project plan. Therefore, it is very important to build a selection team for the ERP before we select it.
  • Mitigation Change Resistance – As soon as, you have planned to bring an ERP system into your organization, you should start to bring a change in the management of your organization.
  • Mapping Your Current State – Mapping your current state will help you to know about your requirements that needs to fit in the ERP system. Though nothing is ideal, and the system may not fit in all your requirements, knowing them, will help you to prioritize them.
  • Improving Business Processes – While some processes may need only some improvements others may need complete business process re-engineering. Finally, this can build up efficient processes that will guide you through your ERP selection. If a system can’t support your business processes then it’s not right for your business. Though this may increase your ERP selection time, leaving it for the implementing part, will be even more time-consuming and more costly.
  • Understanding Deployment Options – Some ERP systems are on-premise, while some are on cloud and some may even be hybrid i.e. both on-premise and on cloud. While on-premise software can be less costly but not easy to use, on cloud software can be costly but very much easier to use. The ease of use and cost for hybrid disasters may vary. So it is very important for us to be in our budget and also at the same time be very careful to choose the right ERP system.
  • Developing An IT Strategy – There are several IT strategies you need to make before ERP selection. For example, whether you need a single software or multiple breed-softwares. This depends on your needs and may even require customization which is costly. Hence, out of these many strategies you must be taking care of all of them.
  • Developing A Data Migration Strategy – Developing a data migration strategy is always left off towards the end of the project. But it can be very hard after all the customization and testing of the system is done. Thus it is very important to develop the data migration strategy before ERP selection.


It’s Never Too Early to Develop a Project Plan
 – Even before everything we should take the time to develop an ERP project plan.

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How to achieve ERP benfits?

How-to-achieve-ERP-benfits? - Expand ERP Blog
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This article was published on: 5/09/19 11:41 AM

How to achieve ERP benfits?

While selecting an ERP system, companies may see about unlimited possibilities in terms of improvements in their businesses. However, somewhere along, many ERP systems do not reach the expectations and the company suffers.
In experiences, aligning of organizations is not a priority for companies during selecting a software. Moreover, companies are very desperate to find a new ERP system fast so that it addresses their pain points and they lose sight of their business goals.
Staying focused on benefits realization is not easy. Therefore we’ve found many strategies which will help companies realize significant benefits from their ERP projects. These strategies are most effective when implemented before or during the selection process.
  • Understand Your Current Status – You can realize many business benefits by knowing your pain points in your current system.
  • Outline Expected Benefits and ROI – When embarking on ERP projects with clients, we typically help them clarify their overall business goals, so they can determine how ERP software can support these goals. This leads to a discussion about business benefits.
  • Ensure Organizational Alignment – Your company needs clearly defined business goals along with project goals.In addition to this they also need an understanding of how they tie together. Everyone, especially executives in the company needs this understanding.
  • Develop A Realistic Project Plan – Unrealistic expectations often is one of the main causes of low benefits realization and ERP failure.
  • Focus On Change Management – You cannot realise business benefits if the end-users are not ready to use the new ERP software.
  • Think Twice About Changing Your Goals – While changing the ERP system all processes, like customization or scope adjustment must be viewed. Also keeping in mind your project goals is necessary.
  • Continually Measure Benefits Realisation – Identify gaps between projected and actual benefits throughout the project. This helps managers to understand what they are doing well and how they can improve.
  • Continually Improve – If the company is including, focusing on business process management as a part of your ERP projects, you should understand the importance of continuous improvement.

Some more ways by which an ERP system can help our industry grow :

  • They are flexible in terms of user interface. This ensures better support throughout industrial operations.
  • They can easily integrate with all our application and business management tools. This provides a single platform for all our operations.
  • It effectively manages project planning, scheduling, inter department communication, etc. This optimizes all our industrial processes.
  • It provides us with detailed project and market analytics for better sales performances.
  • It manages various currency, foreign policies and compliance and finances with ease.
Continuous improvement is better than delayed perfection.

Mark Twain

Top 7 Features Of An ERP Company In India

cloud solution
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This article was published on: 19/01/17 6:56 AM

 

Some decisions hold primary importance in deciding the eventual fate of a business. Implementing ERPs is one of them. The benefits to be reaped through the implementation of an ERP for your business are several. But it is also a time taking effort that may require considerable financial investment. But at the end of the day, it may safely be said that the benefits conferred upon a business by a suitable ERP are huge and outweigh the expenditure and effort any day. You should research on ERP companies in India before you finally go for one. Their importance in business processes are:

Save Financial Resources- Though ERP systems may seem to be hefty on the pocket, in the long term they do in fact help to save your organization’s money. An ERP integrates the diverse fragmented systems that are present in organizations. Through this cost-efficiency is achieved and business process is in a far better shape. The need for users to be trained on different systems for different purposes is eliminated thus saving you both time as well as money.
 
Collaboration is enhanced- ERPs across the spectrum offer the functionality of sharing editing data. They also serve to make the data more secure and restrict access according to the need at hand. You do not have to be concerned about the accuracy and completeness of data as all of it is compiled, shared, stored and accessed through the same piece of software.
 
Enhanced Analytics- Through the use of the correct ERP generating reports may be generated promptly and with ease. These reports may contain a wide range of data like expense statements, income statements and custom reports which have their basis on trends and metrics. Such reports facilitate the process of quick and effective decision making. Unfortunately, reliable vendors like ERP solution providers in Kolkata  are rare to come by. But with careful scrutiny, you are sure to come up with the one that fits your business to perfection.
 
Give teeth to productivity- In the absence of ERPs you and your staff members experience redundant operations and wastage of precious time and manpower in manually conducting repetitive tasks. These at the end of the day have the potential of negatively affecting the bottom line. ERPs eliminate the wastage of time making your business more productive, efficient and profitable.
 
Make Customers Happy- Some ERPs come bundled with CRM which help to have happy and satisfied customers. The right combination of ERPs and CRMs help in conducting a variety of tasks related to marketing. They facilitate the generation of leads and help to acquire better customers. Better customer service leads to returning customers.
 
Comply with regulations- Compliance with statutory law and relevant regulation is really a major pain for most business organizations. When you are able to successfully complete an ERP implementation you get the advantage of being able to comply with norms with comparative ease through data and reports.
 

Better management of production and inventory- In the situation that your business makes use of an inventory or produces something, an ERP helps to manage these aspects. It results in making optimum use of efforts and takes out the guess work from your work.

5 Reasons Why You Need Retail ERP For Your Business

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This article was published on: 27/09/16 8:02 AM

5 Reasons Why You Need Retail ERP For Your Business

In the advanced time of business, the retail division has received huge success from consuming group of the general public. This article puts a light on the uses of ERP software for retail and the difficulties confronted by the retail industry in the viable usage of the ERP programming. It introduces the aggressive advantages that the retail industry can reliably appreciate from utilizing ERP framework as a part of the retail business.

This blog additionally puts a thin concentrate on top four driving ERP arrangement suppliers, for example, SAP, Oracle, PeopleSoft, BAAN, Microsoft Dynamics, and so forth and their aggressive competition and pitfalls. 

Retail is the offer of products to end clients, not for resale, but rather for use and utilization by the buyer. The retail exchange is toward the end of the store network. Producers offer extensive amounts of items to retailers, and retailers offer little amounts of those items to shoppers. A man who needs to get an item for his/her very own utilization will generally buy it at a retail location or from some other retail promoting channel. 

Hence, retailing provides to the offer of products or items in little amounts sold straightforwardly to extreme shoppers. Enterprise Resource Planning (ERP) is an incorporated computer based framework used to oversee inside and outside assets counting substantial resources, monetary assets, materials, and human assets. It is a product engineering whose reason for existing is to encourage the flow of data between all business firms inside the limits of the association and deal with the associations to outside business partners. Based on a brought together database what’s more, typically using a typical figuring stage, ERP frameworks merge all business operations into a uniform and venture wide framework environment

Enterprise Resource Planning frameworks or the ERP frameworks allude to the product bundles that coordinate every one of the information and the related procedures of an association into brought together Information.

ERP Software for Retail uses a singular database that comprises every one of the information identifying with the different framework arrangements. So as to accomplish a consistent mix, an ERP framework utilizes various equipment and programming parts. ERP bundles are vigorously utilized by bigger retail chains. Intended to encourage the organization also, enhancement of inward business forms over an undertaking, ERP bundles have turned into the focused device for most expansive retail organizations.

ERP programming utilizes a focal database that ensures the distinctive offices to speak with each other through data sharing. ERP frameworks include capacity particular segments that are intended to collaborate with alternate modules for example, Accounts Payable, Accounts Receivable, the Order Entry, Buying, and Distribution and so on. 

Retail ERP frameworks include distinctive modules, for example, request passage, buy, deals, funds, stock administration, DRP (Distribution Resource Planning) and HR. The parts are intended to work easily with whatever is left of the framework and give a reliable client interface all through the framework.