Textile ERP Solution Provider in India

Textile ERP Software

ERP for Textile Industry

ERP – A necessity for the Apparel Industry!

“A leader is one who knows the way, goes the way and shows the way!”

John C. Maxwell

Are you the kind of entrepreneur who aims high and set standards for a generation? Are you unafraid of adopting the nuances of technology to enhance and improvise workflow in your organization?

 

Like any other industry, textile is also a manufacturing unit which cannot operate efficiently without ERP Software Solutions in today’s competitive market scenario.

Textiles

One of our patrons,

Mr. Lakshman Joukani,

Director, Bellamoosh is a live example who has achieved great benefits from implementing Expand ERP in his organization. Since then he has been experiencing seamless work flow in his textile manufacturing and retail business.

Challenges that were faced by Mr. Joukani and solved by Team Expand:

 

  • Orders and packing instructions were allotted in different units of measurement like dozens, sets, packets, bundles etc for various buyers of the same product.
  • Order and production planning based on production ratio of size, color, design, styles etc was initiated.
  • Automated bill of material for repeat orders now can be generated.
  • Tracking issue, consumption and receipt, wastage, scrap and Quality check for each stage of production for both in house and outsourced jobbers can be issued easily.
  • In built workflow for repeat works against each stage of production along with cost can be tracked
  • Inventory and job pending tracking of each jobber at every production stage was activated.
  • Calculation of actual cost of production, factoring material consumption, reworks and contractor’s bills comparison with estimated plan was executed.
  • Various MIS reports on inventory tracking based on size color, lot no, design and other attributes were prepared.

Mr. Joukani is our happy and satisfied client. He can now focus on other broader goals and achieve his mission faster.

Indian Textile Industry is one of the largest industries in India. It is the second largest in terms of providing employment opportunities to more than 35 million people in the country. It contributes to 7% of industrial output in terms of value, 2% of India’s GDP and to 15% of country’s export earnings. 

It is quite overwhelming to realize that your textile company contributes to this statistics, knowing how arduous it is to manage a large manufacturing company. To make your business processing simpler adopt our cutting edge ERP Solution on cloud and let the software manage your business processings.

ERP for Textile and Apparel industry:

The use of technology is a necessity in today’s business and the apparel industry with specific capabilities for design, production and supply chain management. ERP Solution are largely used for effective monitoring and control accurate planning and scheduling of orders, better data predictions quick response to query and online detailed information of orders.

Basic structure of ERP Solution:

  1. Manufacturing process
    • Fibre module
    • Fabric module
    • Yam module
  2. Extension process
    • Marketing wing
    • Production wing
    • Finance wing
Advantages of ERP in Apparel Industry:

Supplier benefits – real time information about materials is available

Management benefit – cost savings, improvement in saving and pleasant customer relationships.

Employee Benefit – work satisfaction and achieving goals on time with great team work.

Customer benefit – good services and quality product at cheaper price.

Other benefits include:-

  1. Reduction in cycle time 
  2. Cost savings – (implementing quality management system with ERP can help to bring down excess production)
  3. Reduction in machinery downtime

Our success story:

Expand ERP – India’s best fit ERP on cloud for the Export and Retail Industry.

 Manage the daily processing of your textile business with cutting edge ERP solutions and gain leadership in your industry.

Why US?

 

Made in India –For India With over 15 years of extensive R&D and experience in the Indian market, we understand the challenges faced in your business better.

 

Ease of Biz – Quick implementation is possible as we don’t alter your business processes, there is minimum need of customization , no Capex,and less training time required as it has a user friendly interface.

 

Compatibility Quotient – we provide perfect customisations to adapt to specific needs of the business. Furthermore we have integrated several features like Whatsapp, Paytm, Flipkart, Amazon, Shopify etc to make business even simpler. 

 

Expand ERP cloud software improvises your business processing seamlessly and integrates your daily business activities which saves time and money. Our experience in this industry marks assurity of our constant support to our patrons. For any further queries please leave a comment below. Did this blog bring any value to you? Your feedback is important for us.

To know more call..  +91 9007026542

Artificial Intelligence – the Future Brain of Technology!

Artificial intelligence at Erp
Artificial intelligence at Erp

Artificial Intelligence  – the Future Brain of Technology!

It is wisely said, “Life can only be understood backwards but lived forwards.”

It is 2020 and we’re on the cusp of an exciting and unexplored – technological revolution. Machine learning, the process of analysing and interpreting data and statistics is paving the way for content experiences that feel ‘humanly’ intuitive and make sense with our daily needs. We see a lot of this AI behaviour in the digital market already. For instance, when I have searched for hair vitalizer on Amazon, suddenly my feeds are drowning in it- but new developments will continue to streamline and refine this process.

To an entrepreneur, “automation” is equivalent to whispering sweet nothings in our ear. Fortunately, the miracle of automation has only just begun. In the near future we will see automation in 

 

  1. Business operations -like understanding the exact online journey our customers have gone through before we actually speak to them.
  2. Tedious accounting processes will be easier. 
  3. HR/payroll and other administrative programs will be executed without you having to even touch paperwork.

What if it is 2030, and your only aim is to see your company listed amongst the top notch. It’s a time when you need to make certain turning-point decisions that decides the future of your company. You are uncertain about some data and calculations but you know that AI has your back. You are assured that the system won’t fail you and help you take the perfect call on your behalf. Imagine the relief and stress-free life it would be then. Therefore one must be upgraded to be at par with the changing time and generation to fit in.

With AI, machine learning and automation representing the fast approaching next frontier, companies like ours, helps seamlessly integrate business processes and pioneering the path to digital utopia.

In the cut-throat competitive market, there is hardly any scope of monopoly. Adding value to your services and strong customer relations, provide advantage over competitions. Since the 1990’s ERP Software has emerged in the technology industry where today almost 90% of the mid-sized and big organisations have implemented ERP to automate their business processes. From the traditional on-premise ERP, Cloud based software took over completely as it was more cost-effective, practical and provided more freedom to the users. 2020, set in with an extremely promising future for the coming decade with Artificial Intelligence. The latest hum in the industry is that AI is about to shape the future of ERP. How true is that we are yet to fathom. At present it is at a very nascent stage to analyse

It is highly probable that AI will soon replace jobs involving repetitive or common problem solving tasks. AI systems will be making decisions instead of humans in industrial settings, customer service roles and within financial institutions. AI is the simulation of human intelligence or logical reasoning, in machines that are developed to think and behave like humans. The goals of AI include learning reasoning and perception. AI is constantly evolving for the benefit of many different industries. Algorithms are used to structure AI- simple or complex.

This technology is currently on probation. Myriad sectors and industries will be affected by the usage of AI. For example in the healthcare industry, AI is being used for dosing drugs and different treatments in patients and for surgical procedures in the operating room. Simply speaking, AI is building flexible computers that can take creative actions that maximise their chances of success to a specific goal.

According to Gartner, 80% of technology will be built on an AI foundation by 2021!

AI undoubtedly has the potential to bring in great changes to companies where the customer and operational data is primary to the business. Once business processes are streamlined and the data is ready, incorporating AI can lead to truly optimised efficiency levels.

The impact will be most prominent in process-heavy and data -intensive sectors that have the highest dependency on future predictions. AI can quite easily aid a company to streamline large volumes of data and turn a limitation into an opportunity. It can transform systems through creativity and agility.

Artificial Intelligence – the future of Intelligent Technologies

 

AI is transforming the way ERP functions. ERP is already one of the most indispensable innovations in technology. ERP integrated with AI will create magic. The addition of AI in ERP Systems makes them super powerful business management tools.

How will it benefit?
  1. Enhances the forecasting capacity- With AIR it becomes easier and quicker to identify problems or obstacles even before they occur. With it’s advanced algorithms it will be able to search and analyse the large data in the ERP system, identify the trends and predict the future consequences. This enables the users to foresee and prepares in advance if any problem occurs resulting in optimal efficiency.
  2. Follows a defined set of methodology – AI run ERP systems are programmed with a set of governing rules against each action. Intelligence applies these rules to make decisions that are more accurate and prompt than humans.
  3. Provides an extensively personalised user experience through interaction and function faster.

 

AI integrated with ERP systems have not fully arrived yet. Nevertheless Team Expand is all set to cater to your software needs to take your organisation to its highest level.

Satya Nadella, CEO Microsoft, rightly says, “If you don’t jump on the new, you don’t survive.” 

We at Expand ERP strive each day to build our acumen in innovations in technology. As AI integrated ERP software is the need of the hour, Expand ERP is geared to make your organisation future-ready. Embrace Expand ERP software solutions for a time-tested, comprehensible, scalable, cost-effective and robust business automation software.

To know more call..    +919007026542

What is Omnichannel ERP and how it benefits the Retail Industry?

What is Omni channel erp and how it benefits the retail industry

Omni channel – the only way to enhance your retail business

Omni channel is the system of connecting the various channels to each other and ensure seamless customer experience and satisfaction throughout a retail experience. The software controls a large number of data which helps managers to control retail processes efficiently.

 

ERP or Enterprise Resource Planning is a shared database for the integration of different departments of business processes where efficient synchronisation helps the staff to centralise data into one single software system. By 2020, more than 96% of the Fortune 500 companies have adopted ERP software because of the large benefits that it offers. It improves business compliance and reduces risks. It enhances customer services by automation of core business operations and global real-time visibility of data.

What is Omni Channel ERP and how it benefits the Retail Industry?

ERP has attained wide popularity in the entire industrial sector in recent years. It is an ERP system specially integrated with Omnichannel in the backend, centralises and streamlines data in an effective way that supports workflow internally. It also eases synchronisation and automatically updates with real-time data and on all selling channels as well as devices which serves buying process.

Retailers earlier relied on multiple channels of engagement with customers that worked independently. brands that were available online as well as in- store purchases were dealt separately. This deprived customers of the advantage of dealing with a brand that was available in different channels. Omnichannel has transformed the customer experience by offering a unified experience to customers.

Some Essential Features of an effective Omni Channel ERP

It is often a task to identify an effective Omni Channel ERP. With the help of the following benchmark features it will be easier for you to choose the right Omni Channel ERP.

 

  1. Control Inventory – Inventory management controls stocks coming from suppliers automatically. It displays stocks based on orders and availability .
  2. Managing multiple warehouses – Multiple warehouses can be controlled by on retail store through Omni channel ERP. It adds all the different warehouses and links them to show the availability of Inventory in each warehouse.
  3. Order of Purchase – Orders are sent to suppliers at the time when an item is out of stock and it needs to be reimbursed. Purchase order function of ERP allows users to choose any supplier from a list which is managed in an organised way. Then they can calculate profits based on cost and discount. This can also help to identify the most suitable supplier.
  4. Internal stock transfer – A product can be moved from one warehouse to another with this tool in the case of internal stock transfer.
  5. Reconcile Stock – users can adjust the number of product which is distributed to each warehouse by Inventory. It scans inventory and compares it with data in the backend.
  6. Preparing Order sheets – With the help of this function you can create and process packing slips and invoices for orders.
  7. Order Fulfillment – After receiving an order successfully, proper implementation needs to be done to process it. With this tool your staff can plan activities and complete orders. However, this is optional and can be set from Magento backend.
  8. Point of sale – It is the time and place where a retail transaction is completed. At the P.O.S, the merchant calculates the amount owed by the customer and indicates options for the customer to make payment.This will prevent long queueing at checkout points with quicker server process. This results in 10 x faster checkout speed.
  9. Barcoding – With Barcode management function generating and importing barcode gets easier. With ERP system, Barcoding Management becomes more precise and time-saving.
  10. Loyalty cards – Shoppers using loyalty programme in both online and offline, rewards point redemption, customer ID and points used can be automatically synchronised. Therefore all transactions are updated in real-time.
  11. Accurate Report – All real-time data updater supported by ERP helps managers to take the right decision.Omni Channel ERP provides insightful inventory and sales report without wasting much time.

Omni Channel – Advantages that will keep you at an edge

Technology advancements is a bridge of seamless integration that enables customer satisfaction. Omn ichannel has transformed customer experience by creating a unified experience to customers. It is the best way to redefine user experience.

 

Customer satisfaction and consistency – Advancement of technology has enabled customer experience to evolve from a single channel to multi-channel, cross channel and finally omni channel.

With automation, analytics and cloud, Omnichannel helps retailers to identify customers as they walk into stores and ensuring visibility at all times. It has brought a huge change in buyers experience. Retailers now have multiple touchpoints, and omnichannel allows for integration in a single unified platform. POS, call centres, online orders, social media engagement, easy payment checkout points are flawlessly integrated with such operations like order management, product life-cycle management, marketing automation, analytics, CX management, branding and merchandising. There are huge benefits from adopting omni channel software as it engages customers at the right time and place in the most effective way, creating a definite buying desire.

 

Research shows that about 63% of buyers use multiple channels when placing orders. A customer is more likely to remain loyal to a brand or store, who has been engaged consistently through different channels – call centre, simple loyalty points redemption or special offers.

The adoption of Omni channel helps the retail industry to use a unified platform to connect with shoppers in a manner that keeps every interaction interconnected. This results in happiers customers and increased revenues.

EXPAND ERP Cloud  based software is fully equipped for the digital new age.

We do it differently.

 

100% Cloud-Based ERP Solution

With automatic regular backups on Cloud and masking feature your data is secured with us for a lifetime.

 

Deep Understanding of your business

A ready to fit solution with deep industry knowledge which can be further customized as per your business needs.

 

Mobility

Warehousing, Sales force, HR, GPS tracking, we provide solutions for every possible process of your business. Expand ERP Mobile App enables you to now manage your entire business on the move.Mobile apps are undeniably the most quickest and efficient way to respond to real time changes in production. Having instant mobile access on the shop floor makes it possible for the users to deal with live problems instantly, reducing wasted resources and materials.Supervisors can also access product availability or change work data on the spot to eradicate a problem in its tracks. With Expand ERP mobile based app you can achieve all this in real time.

 

Personalise Consultation

Expand ERP is the preferred business automation solution provider for 15 years to various industries. We provide personalised attention and automation that is best fit for your business.

A young entrepreneur testifies:-

“From day one I felt the need of ERP system for my Retail brand. Now that we are expanding to 18 branches all over the country it will simplify my work process and help me organise my business. Expand ERP has helped me and my team round the clock and we have been able to implement ERP software successfully. I strongly recommend Expand ERP if you need to implement ERP system.”

 

Ayush Baid

Founder, Ellementry

Expand ERP has completed 15 glorious years in building trust and faith of our patrons. We have successfully partnered with many businesses in Kolkata, Delhi, Bangalore, Jaipur and in other cities. With the advent of a new year we have new aspirations, new dreams and fresh focuses. We will maintain our goal to spread the latest trend in technology to as many organisations we can reach out to. Our team will focus relentlessly to spread awareness and touch the lives of business owners and help them reach their goals. If your goal as an entrepreneur is to achieve great  heights for your company, Expand ERP Cloud based software is your ultimate route to the peak. Please leave a comment below for more enquiries and information. To book a demo call..

+91 9007026542

Manage your business supply chain with erp

Supply Chain Management System

Manage your Business Supply Chain with ERP

“Changes call for innovation, and innovation leads to progress.”

– Li Keqiang

All about Supply Chain Management:

 

Understanding the need-

 

Supply Chain Management or SCM is crucial for everyday activities in every organisation whether small or large. It is the organised flow of processing of supply chain to maximise customer value and achieve a sustainable competitive advantage. It deals with the movement and stocking of supplies needed to manufacture a product as well as inventory management and keeping track of finished goods. In today’s times, SCM includes the strategic alignment of end-to-end business processes to realise market and economic value, as well as giving a firm the competitive advantage over their business rivals.

Automating SCM with Enterprise Resource Planning software:

 

In the current hyper-competitive business scenario, handling SCM the traditional way is mere backwardness. In the new automated business processing era, the system is expected to work with visibility, focus and agility to bring an overall enhancement in the organisational operations. An ERP software can bring all these features to action automatically in less time. It can integrate and refine forecasting, create sales and operations plans, promptly respond to demand changes, and supports the core functions essential to runa supply chain business effectively.

The Prerequisites of SCM:

 

SCM streamlines everything from product flow to unexpected natural disasters. An organisation can diagnose problems and disruptions effectively through a sound SCM. It also plays a pivotal role in transferring goods quickly and efficiently to its destination. It reduces Purchasing and Production cost to a great extent. It improves customer service by delivering the correct quantity and quality of products on time. After sales services can also be tracked efficiently.

How does ERP affect SCM?

 

ERP software has eased the process of manufacturing industry, as it streamlines all the processes. To begin with, customer order fulfillment to inventory control, ERP system is a one stop solution for all tracking needs.

If you are part of an industry that requires SCM, with the following parameters you will be able to reap the benefits of ERP software system.

For a successful ERP implementation you will require:

 

  1. A defined flowchart that categorises what each section of the company does and how the data or instruction will flow from each department.
  2. Appropriate training for all managers and employees is essential to make sure all plans are executed efficiently.
  3. A clear understanding of the Return on Investment for both long term and short term is crucial.
  4. The company’s resources need to be aligned to ensure successful deployment and continued implementation.

ERP benefits on SCM:

 

Expand ERP provides a solution which improves supply chain operations. It empowers clarity in vision, focus, agility and control over all the business processes, thereby enhancing your performance goals.Some of the proven benefits are:

 

  1. Tracking of Inventory – To avoid over stocking or shortage, it is advisable to keep track of inventory. With the advanced ERP this process can be made simpler without wasting any time.The user will be notified whenever inventory level goes down so that orders can be placed timely.
  2. Clarity in data insight – The efficiency of a supply chain can be graded by the accuracy of the data received. With our ERP system, real- time data can be achieved related to stock inventory resulting in less errors and greater revenues. The software also allows users to access reports 24×7 for a better insight into operations.
  3. Integrates various business operations – Expand ERP software helps to streamline and automate all the business processes in a supply chain-HR, Finance,management, sales etc on one single system. This reduces manual paperwork and enhances the visibility of data through all the departments.
  4. Improves process accuracy by standardisation – ERP builds uniformity across teams in single and multiple locations to enhance the competency of the overall system, improving the accuracy of the processing and team work,reducing errors and miscommunications.
  5. Unified, transparent view – With Expand cloud ERP solution, you can be assured of  a unified, transparent view of every section of supply chain operations. It provides accurate, relevant and real-time information about shipments and warehousing. This will enhance the clear communication between the employees at the store and the warehouse with accurate information.
  6. Inventory Management – Organised management of stock decreases cost and increases the profit of any business. With Expand ERP features, real-time visibility of exact inventory level is enabled. This results in optimum operations and reduced overhead costs.
  7. Improves Speed – ERP system is a unified source for all necessary data, so the tools provide transparency and efficiently  allocates resources including material, staff and machines, from the initial stages itself. This results in easy coordination and on-time delivery across the supply chain.
  8. Makes return of orders easy – If you have a logistics company, supply chain processes dealing with returned goods and back order processing, can be made simpler with Expand ERP solution. An up to date return management system can help businesses to reduce waste and bring consistency in the backorder processing.
  9. Generates less operational costs – With intelligent ERP systems like Expand ERP, you are made aware of the costs at all stages of a supply chain. More realistic cost projections can be generated by harnessing the demand and supply flow chart. This reduces the uncontrollable additional expenses and brings in effective cost management in your business processing.

How are we Different?

100% Cloud-Based ERP Solution

With automatic regular backups on Cloud and masking feature your data is secured with us for a lifetime.

Deep Understanding of your business

A ready to fit solution with deep industry knowledge which can be further customized as per your business needs.

Mobility

Warehousing, Sales force, HR, GPS tracking, we provide solutions for every possible process of your business. Expand ERP Mobile App enables you to now manage your entire business on the move.

Personalise Consultation

Expand ERP is the preferred business automation solution provider for 15 years to various industries. We provide personalised attention and automation that is best fit for your export business.

Other Expand Advantages:

 

15 years of building trust

With over 15 years of R&D and extensive Market Testing we have developed the best in class ERP software for your specific business needs. With our cutting-edge technology, we have been partnering many manufacturers and exporters over past years in their process automation.

Expand Freedom Pricing

 

Expand Freedom Pricing has been created keeping your needs in mind. Our attractive pricing module gives absolute freedom to the fast growing manufacturers and exporters to take the decision of digital transition of their organisation with ease. 

  1. Subscription based concept: Prices starting from INR 3300/- subscriber/month
    Freedom from all fringe costs.Subscription includes update, upgrade, service, remote support (phone support,ticket support,and screen share support), R&D and remote implementation.It also covers cloud service ,auto backup of data, data encryption all managed for you.
  2. Concurrent User Advantage:
    Freedom of unlimited named user in multiple departments and amp; locations.All users in your organisation will have their own login credentials at no extra cost.
  3. Freedom from Capex and Infrastructure investment so that you are at minimum risk exposure. Even for customisation it is billed only after customer satisfaction.
  4. Freedom from any upfront cost.
  5. Easy Pay- Freedom to choose from Annual (special pricing available) or quarterly subscription fee module on the first year.
  6. Pay as you use Privilege: Freedom to pay as per your usage from the second year onwards.
  7. Freedom to choose Implementation options (on-line/on-ground) and customisations as per your specific need and pay accordingly.

Expand SureSmile

 

For a smooth and seamless digital transition of your organization we have our best in class hassle-free support ready for your help always.

 

  1. Anytime Support- 24hrsX12months in house Customer service team.
  2. Zero Waiting- Online support request booking through Ticket System- users can directly put support request online and it is assigned to respective team.
  3. Remote Assist- users can share the screen with the support person for any support required.
  4. Onsite Support- our team will visit the customers site for any support related activity.
  5. Expand User Training and external Certification.
  6. Train the Trainer Program- Expand encourages train the trainer program where expand Biztech Experts trains one or more users and they can further train other users, this helps in building in-house expert on ERP at client site).
  7. Online Help Document & FAQs for ready usage.

Expand SureShield

 

Enjoy 100% data security and grow your business to the next level with ease and complete peace of mind.

 

  1. Multiple Location Storage- Data is on cloud, stored in multiple locations ensuring maximum safety.
  2. Stored on trusted technology platform (Microsoft Azure, SQL Server).
  3. 99.9% up-time (up-time is the amount of time the service is online available and operational).
  4. SSL (encrypted) Data Transmission- Similar technology as Net Banking and thus extremely secure.
  5. Private Database- each user has the private database and not a shared one as in open source ERP.

“ If you want something new, you have to stop doing something old.”         

Peter. F. Drucker

Expand ERP offers a more effective way to manage procurement and supply of the goods, services and other resources across the chain of supply. From handling manufacturing and warehouse resources to transporting management and execution processes Expand ERP takes control of all your supply chain elements. To validate the impact of ERP on Supply Chain Management embrace Expand ERP – a world class, home grown, Indian make software for your unique needs. Contact us for more information and book a demo to see how our competent consultants take full control of your SCM.

The cost of ERP in India

Erp investment

Investing in Enterprise Resource Planning for your Business.

ERP- THE NEED OF THE HOUR!

 

It is January 2020 the onset of a new decade. With the changing times we all move forward and upgrade ourselves to the new. It is an affirmation that you are living your life and believe in growth as only dreams give birth to change. 

Like in many other fields, the global business processing is going through a renaissance where everyone speaks of automation and digitisation. An ERP streamlines daily business processing such as accounting, procurement, project management, risk management and compliance and supply chain operations. This system ties together a multitude of business activities and enables the flow of data between them.

We all know “Rome was not built in a day” and so can’t be for your business process digitisation. It involves a lot of research and strategies to make a major decision such as to choose your Enterprise Resource Planning solution provider. The most common factor that arises in our mind is the cost.

How much does it cost to implement ERP in India? 

For any business, budget and cost-effectiveness is the key to growth and success. Choosing a suitable ERP provider could make or break your organisation. The objective of this post is to guide you how to choose an ERP software that’s best fit for your budget and business type. Adopting an ERP solution is not an expense but a long time investment for your business. Investing in an ERP System is in most cases a one time decision and hence a little time spent in reviewing multiple software before making a choice is advisable.

Implementing ERP is NOT sky-high!

 

When implementing ERP solutions to expedite business transformation, the owner or the decision maker should have a clear insight of the needs of its business. If you are one of the entrepreneurs who have not yet created a checklist, it’s time you unwrap the implementation challenges that are unique to your business goals.

 

ERP solution providers like Expand ERP provide one to one consultation with customers who require in-depth knowledge regarding the software. We help businesses to understand the needs and customise the software completely according to the requirements. The authoritative members, project team members and stakeholders should be aware about the critical elements affecting an ERP implementation cost.

There are various elements that are to be considered for ERP implementation:

 

    1. Scalability: The cost of ERP increases with the number of users who will be using it in the company.Training costs of the users is also depending on the numbers.
    2. Licensing: Here, the choice is totally yours. It is not compulsory to invest in a software license outright.The ERP license can be paid by monthly subscription based model also. Depending on the budget and requirements,the ERP license may be temporary or perpetual. The maintenance agreement is charged as a percentage of the license.
    3. Totally customised: Every organisation is unique and ERP implementation requires a lot of alterations and transformations which should fit into the business structure. It is best to implement a totally customised software which caters to all your organization’s unique needs.
    4. Nature of Business: Depending on the type of business -small, mid-sized or large the ERP cost is determined. For micro/ small organisations the annual cost of ERP could be anything between 6000-10,000 INR, as it is mostly online and there is no investment cost involved. For mid-sized businesses (manufacturers and wholesalers), ERP implementation starts from Rs 1,20,000 a year. The large segment businesses need to consider a budget from Rs 5,00,000 onwards annually.

According to a report,only 23% of the companies implement vanilla ERP with zero customisations done.

  1. Cost of Infrastructure: According to the deployment option-(on-premise or on-cloud option) the cost of infrastructure is based. For the cloud-based option cost will be low as all data will be stored on cloud and no hardware needs to be purchased. Further, the cost will be lower as less IT technicians will be employed .
  2. Recurrent Cost: This varies from vendor to vendor as some solution providers charge less initially but increases the cost at renewal. On average the renewal cost of ERP is 10%-15% of the total software cost.There are always chances of upgradation charges which can vary from time to time.

SUPPORT IS THE KEY TO SUCCESS

Choosing the right ERP System for a business is not only a pricing decision. It is 80% about considering the after sales support and training abilities. Your vendor should provide training to new employees and also upgrade old ones. If you are a manufacturing business in India, Expand ERP has the advantage of Low pricing and Local support on Installation and training.

MONEY SAVED IS MONEY EARNED

Investing in an ERP for your manufacturing business can increase production efficiencies, reduces the time taken by the Customers to pay, avoids pilferage of Inventory and help you get the necessary data to make decisions quickly. Investing in the right software will increase your profitability and your ability to increase your production capacity phenomenally. With Expand ERP you can take your organisation to the next level even sooner than you imagine. If you want an accurate estimate for your project, be sure to accurately scope your project and account for some of the most overlooked costs. Our team members in Expand  can help you set realistic expectations that won’t scare executives nor get you fired for causing budget overruns.

What to keep in mind while scoping your business before ERP implementation?

 

  • Complications of your business: It is advisable to keep an unbiased analysis of how complex your business requirements are. Many businesses need an entire ERP software solution (human resource,supply-chain,inventory etc). Companies which have lesser complexities may require only point solutions such as CRM or Finance and Accounting.
  • Change managing activities: The focus should not remain in one direction but also on business process reengineering. Any change in your business process will add to your cost on ERP at a later stage.
  • Similar business overview: We recommend comparing and considering similar organisations ERP vendors and expenses and not set a benchmark to what a particular solution provider may have set for you.

 

The license fee and technician costs is just one side of the coin to view before implementation of ERP. You need to consider the broader aspects to ensure your software investment delivers value.

Some tips to control costs:

 

  1. Clear view and analysis of cost from vendor (ensure no hidden costs)
  2. Develop a project plan with detailed estimates
  3. Include change or unexpected costs
  4. Carefully strategies and wisely judge your vendor
  5. Prices can be negotiated

YOUR FRIEND IN NEED!

 

EXPAND ERP : FREEDOM PRICING

 

Expand Freedom Pricing has been created keeping your needs in mind. Our attractive pricing module gives absolute freedom to the fast growing manufacturers and exporters to take the decision of digital transition of their organisation with ease. 

    • Subscription based concept: Prices starting from INR 3300/- subscriber/month
      Freedom from all fringe costs.Subscription includes update,upgrade,service,remote support (phone support,ticket support,and screen share support), R&D and remote implementation.It also covers cloud service ,auto backup of data, data encryption all managed for you.

 

    • Concurrent User Advantage:
      Freedom of unlimited named user in multiple departments and amp; locations.All users in your organisation will have their own login credentials at no extra cost.

 

    • Freedom from Capex and Infrastructure investment so that you are at minimum risk exposure.Even for customisation it is billed only after customer satisfaction.

 

    • Freedom from any upfront cost.

 

  • Easy Pay- Freedom to choose from Annual (special pricing available) or quarterly subscription fee module on the first year.
  • Pay as you use Privilege: Freedom to pay as per your usage from the second year onwards.
  • Freedom to choose Implementation options (on-line/on-ground) and customisations as per your specific need and pay accordingly.

LIVE LIFE STRESS FREE!

 

Empower your organisation with Expand ERP and enjoy real-time visibility and complete control of your business. Grow your business to the next level with ease as our software does the hard work. With Expand ERP we guarantee you a complete stress free life. 

Please leave a comment below for any further enquiries or if this article has been of any value to you. To book a demo call…  (+91) 9007026542

All you Need to know About e-Invoice in GST.

Gst invoice

ALL YOU NEED TO KNOW ABOUT E- INVOICE IN GST.

Stepping into the new decade with GST E-Invoice Generation System on Portal.

 

January 2020, embarks the implementation of electronic invoicing by the Indian taxation Council. The world is changing and so is the time and age to global digitalisation of business processes. This article aims to update you about the details of GST Governance and amendments in tax laws.

E-Invoice-What is it?

GST E- Invoice is the initiation of the digital bill for goods and services, generated at the Government GST portal. The concept of GST E-Invoice generation system has been taken into consideration for the reduction in GST evasion. All business (within the determined limit of turnover) will be provided with a system through which it will be mandatory for them to generate ‘e-Invoice’ for every sale on the Government GST portal. Every business that are applicable for such an invoice will be allotted a unique number whenever an e-invoice is generated. They can match the identification number with the invoices which are written in the sales return and paid taxes for verification. All relevant information will be transferred from this portal to the GST portal and E-Way bill portal in real-time. There will be no need  of manual data entry while filing ANX-1/GST returns as well as generation of part A of the E-Way bill, as the information is passed directly by the IRP to GST portal. In short, it is a digital bill generated using a standardised (recognised) format, where the electronic data can be shared with others.

FROM WHEN WILL E-INVOICE BE IMPLEMENTED?

The GST council chaired by Union FM Nirmala Sitharam approved the standard of E-invoice in its 37th meeting held on 20th September 2019. However no exact date of implementation has been provided yet. Electronic invoicing is proposed to be implemented from 1st January 2020 in a phased manner by GSTN. Similar to the new GST return filing system, the E-Invoicing system will first be available on a trial basis or voluntary compliance.

Team Expand is gearing up with the best in class ERP software to make your  business finances automated and simpler. Keeping up with the times makes you updated with the latest in technology

By you – For you…

BUSINESSES  AT AN ADVANTAGE:

Some crucial benefits of E-Invoice are enlisted below:

  1. E-Invoice determines to bridge a major gap in data reconciliation under GST to reduce mismatch and inaccuracy.
  2. Interoperability is made possible as invoices created by one software can be read by another. 
  3. E-Invoice enables real-time tracking of invoices prepared by the supplier along with the faster availability of input tax credit. It will also reduce input tax credit verification issues. 
  4. The relevant details of the invoices would be auto-populated in the various returns, specially for generating the part A of E-Way bills. 
  5. There will be minimal need of data reconciliations between the books and GST returns files. 
  6. The time-taking tedious tax filing process will become automated and availability of genuine input tax credit will be faster.
  7. The tax authorities will not be required for audits since the information they require is available at transaction level. 
  8. Decrease in the number of frauds as generating  fake GST invoices will become impossible.

Where are you placed?

APPLICABILITY OF E-INVOICE :

E-Invoicing under GST time period with business turnover conditions :

 

  1. Turnover 500 crore plus-voluntary and trial basis start from 1.1.2020.
  2. Turnover 100 crore plus-voluntary and trial basis start from 1.2.2020.

Note: GST E-invoicing is mandatory from 1st april 2020 for the above businesses. Those with below 100 crore turnover voluntary and trial basis start from 1.4.2020.

It will be mandatory for the businesses to generate the entire GST E-Invoice including all the value of sales. Expand ERP will be fully equipped with the software to make accounting and finances more methodical and organised for your business.

How to go about it?

THE PROCEDURE:

 

The process of generating the GST E-invoice will be similar as the E-Way bill which is generated on the www.ewaybill.nic.in or the GST payments are done on the GSTN portal. The generation of invoices will be done by a centralised Government quarter which will replace the E-Way bill that is being generated for the movements of goods. 

  1.  At first,businesses need to  generate an electronic invoice on every sale on their respective ERP’s. The standard invoice format if prefixed by authorities for every business so that proper details are extracted. 
  2. The E-Invoice  generated needs to be reported to the Invoice Registration portal (IRP) of GST. 
  3. On the portal, the invoice reference number (IRN) will be authenticated and the invoice will be signed digitally. 
  4. Then a QR code will be created. The code contains all the vital information related to the invoices which will be redirected to the taxpayer who filed the invoices.

The IRP will send a copy of the signed invoices to the provided email id of the recipient of supply who is involved in the whole process.

What do  you need?

Documents required to be provided by the taxpayer while reporting the E-Invoices to IRP:

  1. Supplier side invoices
  2. Suppliers credit notes
  3. Recipients debit notes
  4. Other documents (according to the business)

SALIENT FEATURES OF E-INVOICE IN GST SYSTEM:

  1. Every taxpayer will be allotted a unique IRN.The unique IRN will be based on the computation of hash of GSTIN of generator of document (invoice or credit note etc.) year and document number like invoice number. This hash will always be the same irrespective of the registrar who processes it. This hash will be the IRN.
  2. Once the invoice data is uploaded on the IRP which will also generate the hash in order to verify it and then it will be digitally signed  with the private key of the IRP. 
  3. IRP will also generate a QR code containing the unique IRN along with some important features of invoice and digital signature so that it can be verified on the central portal as well as by an offline app. This will be useful for tax officers checking the invoice on the go where the internet will not be available.  
  4. It will be easy for anyone to download the invoice from the offline app provided in the IRP and authenticate the QR code of the invoice offline and its basic details. However to see the whole invoice , one will have to connect to the portal and verify and see the details online. Only tax officers will be authorised to download the entire details of any invoice.

STANDARDISATION OF INVOICE:-

A technical group constituted by the GST council secretarial has drafted standards for E-Invoice after having industry consultation.  The E-Invoice schema and template, as approved by the GST council, are available at www.gstn.org/e-invoice.

Ways to adopt E-invoice:

DIFFERENT MODES OF COMMUNICATING:

There are multiple modes made available so that taxpayers can use at his or her convenience. For example

  1. Web based
  2. API based
  3. SMS based
  4. Mobile app based
  5. Offline tool based
  6. GSP based

How to use?

SOFTWARES TO BE USED:

The GSTN, in partnership with the ICAI (institute of chartered accountants of india), has drafted an E-Invoice standard. This refers to PEPPOL(Pan European Public Procurement Online), which is based on the UBL (universal business language) standard. Certain features which are made mandatory under the GST law have also been marked as mandatory fields in the invoice draft. 

 

Countries that are already using E-Invoice in GST are South Korea, Brazil, Chile, Mexico, Canada, Norway, Sweden, Turkey, Italy, Denmark, Peru etc.

Some Pointers to remember:

  1. The maximum number of line items allowed per e-invoice is 100.
  2. It is not mandatory for a supplier to sign the e-invoice again.The IRP will digitally sign after validation.
  3. On the IRP,the data will be available only for 24 hours .
  4. An e-invoice cannot be cancelled partially,it has to be cancelled fully.
  5. All amendments to an e-invoice can be made only on the GST Portal.

E-INVOICING In GST with EXPAND ERP:

 

Move with the times and adopt Expand ERP software to automate your business process and invoicing . We have ready to fit solutions with deep industry knowledge which can be further customized as per your business needs.

Expand ERP is the preferred business automation solution provider for 15 years to various industries. We provide personalised attention and automation that is best fit for your export and manufacturing business.

With the arrival of Cloud technology, ERP software is taken to the next level where business can be processed anytime from anywhere. Expand ERP is a pioneer in cloud-based Business Application on Microsoft Azure, designed and developed for fast growing businesses. Over the past 15 years, we have empowered many established businesses  with real-time visibility and complete control over their businesses. Expand is a comprehensible, scalable, customizable cloud ERP solution that supports your business all along as it grows.

Team Expand works relentlessly on innovations and believes in keeping your business at par with the latest in technology and business affairs. We will be pleased to partner with you at the very onset of E-Invoicing in GST system beginning from the next Financial Year. To know more call..

(+91) 9007026542

5 interesting facts to adopt Cloud ERP

5 interesting facts to adopt Cloud ERP

How to benefit from Cloud ERP?

“Water has memory”….and Cloud stores the memory.

Cloud! …sounds quirky?

Cloud is the data warehouse for multiple users over the internet, without directly managing or physically maintaining external servers. In technical terms, Cloud Computing is a network of remote servers hosted on the internet to store, manage and process data in place of a local server. The most commonly used cloud providers are Amazon Web Services and Microsoft Azure.

Most ambitious companies rely on ERP systems to help integrate and organize data that is spread across each of its independent departments. Traditional ERP solutions are often housed within a company’s own server infrastructure and require updating and servicing to stay updated. Cloud ERP, as the name suggests, is based in the cloud, like SaaS (Software as a Service.) Unlike traditional ERP software, Cloud-based ERP relies on the cloud rather than proprietary server infrastructure to help companies share information across departments. Cloud ERP software integrates some or all of the essential functions to run a business, e.g. accounting, inventory and order management, human resources, customer relationship management (CRM), etc. – into one complete ERP system.

Transiting from On-Premise to the Cloud

The term “moving to cloud” also refers to an organization moving from a traditional CAPEX model (own the dedicated hardware and depreciate it over a period of time) to the OPEX model (use a shared cloud infrastructure and pay as one uses it).

Patrons claim that cloud computing allows companies to avoid upfront infrastructure costs, and focus on projects that differentiate their businesses instead of on infrastructure.

The benefits of Cloud ERP are many. Essentially, an on-premise ERP system lives on company’s own servers and is customized according to its needs. It’s a system built for a single client and is typically maintained by the ERP vendor or partners with updates delivered maybe once or twice a year. On the contrary, public cloud ERP systems are standardized to meet the needs of a multitude of clients, though all the data are separated and secure, the application and intelligence layers are shared.

 5 BENEFITS of Cloud ERP :

  1. Cloud ERP is typically more affordable. It eliminates the expense of buying computer hardware and software. In cloud, there is no need to buy hardware.
  2. Updates are sent to everyone at once, which delivers a competitive advantage. You’re not left waiting around for a vendor to update your custom ERP system. This ensures vast amount of computing resources can be provisioned instantaneously.
  3. Thirdly, Scalability is a huge advantage as it is easy to scale up your cloud capacity as per the need of the hour.
  4. Accessibility of data anywhere with internet accessibility makes business process smarter and quicker.
  5. Security– with Cloud your data is stored in a centralized secure location which is encrypted in highly secured systems. Shifting to the cloud also often requires changes to a company’s internal workings — changes that often turn out to be enormously beneficial.

Looking for a secure and reliable Cloud-based ERP Solution?

Your search ends here.

With Expand ERP cloud-based solution, you are free to manage your business anywhere or on any device that is connected to the web. All cloud-based servers are protected with software and hardware firewalls, in addition to 2048 –bit SSL certificates for secure HTTPS transports. Seventy four percent of IT executives and CIO’s have cited cloud computing security as the top challenge preventing their adoption of the cloud services model. But with us your data security is our highest concern. Safety comes First. With our Sure Shield promise, we help you overcome such security threats with our 100% assurance of data security.


We at Expand ERP train your team and provide a robust ready FAQ for our software and 24×7 support.

Still not made the right move to Cloud?

Given the fundamental benefits of cloud computing to businesses, it is no wonder that it is revolutionizing the industry, and is expected to grow further in the coming years. Hence, 93% organizations now use cloud-based IT services, 90% businesses plan to increase their cloud spending. Cloud computing allows businesses to ensure efficient collaboration across business locations and departments and effective sharing of information across third parties and contractors.

Some commonly sought after queries before moving to
Cloud computing are:

  1. What is the reason for the high demand in Cloud adoption?
    Over the years, the cost effectiveness of Cloud ERP was the most attractive benefit for changing business processing. The monthly subscription based payment module added to the leverage along with the elimination of managing software applications and investments in servers and external hardware. Besides, it also enhanced responsiveness, agility and promptness to act resulting in growth of business. It enables the users to access real-time information from various aspects of the business and utilize the data to make better decisions.
  2. What are the considerations for choosing between On Premise and Cloud ERP?
    The need for the deployment of new technologies in business is on a high. How and when to be transitioned is personalized to cater to the needs of the business for the optimum returns on revenue. A growing trend among organizations with on premise ERP is to start their cloud journey by adding specific cloud products (such as eCommerce or analytics) as satellites or complements to their core systems. extend? How will they enable you to achieve your growth goals?

Scalability is another unique characteristics of cloud ERP software. Being scalable, ERP can handle various business tasks irrespective of the size of the organisation. Technological advancements can bring new features and tools to make the ERP system more scalable and robust. From the aspects of convenience and cost-effectiveness, periodic upgrades of the ERP software are way better than replacing existing ERP systems. You can readily integrate the latest features and improve performance by updating the ERP version. It also contributes to bringing automation and digitalization to the business.

3. Is my business suitable for Cloud ERP?
Predominantly, business owners are often wondering whether digital transmission is apt for their organization or not. All kinds of organizations of every type, size and industry can use the cloud for variety of uses, such as data backup, disaster management, email, virtual desktops, software development and testing and customer –facing web applications. For example, healthcare companies use the cloud to develop more customized treatments for patients. Financial services companies are using the cloud to power real-time fraud detection and prevention.
It is necessary to choose the right ERP vendor who empowers rather than restricts. The key considerations should be Do the ERP solutions fit your business? Are they easy to use, deploy, and No matter how or when you choose to move your ERP solutions to the cloud, partnering with a reliable ERP vendor is crucial to adapt in the digital world.

At EXPAND ERP, we understand how important choosing the right ERP cloud service provider is for you. Our model-driven Innovation Platform promptly and efficiently helps to integrate all your business operations. With over 15 years of extensive R&D and market testing our home grown Expand ERP effectively takes care of all your business process needs. Expand ERP is a comprehensive, scalable, customizable, cloud-based ERP solution for fast growing manufacturers and exporters. We are the direct developers and implementers of the software and there is no third-party involvement. Thus, we ensure complete peace of mind as your business starts a smooth and hassle-free digital transition journey with us. To know more about Expand ERP or to book a demo call

Get a Demo:

Enterprise Resource Planning

business

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.

How to Develop an ERP Project Plan

How to Develop an ERP Project Plan?

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.

How to achieve ERP benfits?

How-to-achieve-ERP-benfits? - Expand ERP Blog

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