How important is an ERP System for a Petrochemical Oil and Gas Industry?

How important is an ERP System for a Petrochemical - Oil and Gas Industry?
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This article was published on: 26/06/20 3:02 PM

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How important is an ERP System for a Petrochemical – Oil and Gas Industry?

“Continuous improvement is better than delayed perfection..”

-Mark Twain

The oil and gas industry started in India in 1889 when the first oil deposits were found near the town of Digboi in Assam. The natural gas industry in India began in 1889 when the gas fields of Assam and Gujarat were discovered. The oil industry is also known as the petrochemical industry or the oil patch. It includes the global processes of exploration, extraction, refining, transporting, and selling of petroleum products. The largest products of this industry are fuel oil and gasoline. Petroleum is also the raw material for many products, such as pharmaceuticals, fertilizers, pesticides, and plastics. The expensiveness of oil and its products has led to it being known as black gold. Oil is a part of a large percentage of the world’s energy consumption. It ranges from a low of 32 percent in Europe and Asia, to a high of 53 percent in the Middle East. It is considered to be the biggest sector in the world in terms of dollar value.

The Industry leaders are always on their toes to meet the ever-increasing demand of the commodity as well as managing between the fluctuating regulations and resources. The implementation of a best fit ERP software solution can simplify the entire process with its agility and flexibility to get apt with the user’s needs. Moreover, oil and gas are in need of careful handling, for which an ERP software can provide a cautious warehouse and supply chain management application to automate the process with ease.

The oil and gas industry is divided into three areas: Upstream, Midstream and Downstream.

 

They can be defined as follows :

  • Upstream – It involves the search for underwater and underground natural gas fields or crude oil fields and the drilling of exploration wells and drilling into established wells to recover oil and gas.
  • Midstream – It involves the transportation, storage and processing of oil and gas. Once resources are recovered, it has to be transported to a refinery, which is often in a completely different geographic region compared to the oil and gas reserves. Transportation can include anything from tanker ships to pipelines and trucking fleets.
  • Downstream– It refers to the filtering of the raw materials obtained during the upstream phase. This means refining crude oil and purifying natural gas. It also involves the marketing and commercial distribution of these products to consumers in a number of forms like natural gas, diesel oil, petrol, as well as a number of other types of petrochemicals.

ERP or Enterprise Resource Planning is a must-have wizard tool for the oil and gas industry. This industry is among one of the early adopters of an ERP system. This is because a major section of the industry is dependent upon the precise workflow management and market analysis. An ERP system can increase the efficiency of the industry, while it also helps you to manage and balance multiple projects and operations effectively. Moreover, ERP systems for oil and gas industry provides us with easy to use modules such as sales and purchase.This can enhance and streamline our business.

How an ERP system help the petrochemical industry grow :

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

 

The world uses nearly 36 billion barrels of oil every year. The USA is the leading oil producer in the world, followed by Russia and Saudi Arabia.

With a best fit cloud ERP software in a petrochemical industry one can easily improve and become a top industrialist and can achieve great heights. You can manage multiple orders at the same time just under one single systematic software.

Expand is India’s best-fit ERP on cloud for the Retailers & Exporters in midsized manufacturing business.

It drives business efficiency with ease by perfectly fitting into the existing business process and effectively automating most complex processes, unlike many such ‘one size fits all ERPs’ which doesn’t give desired results to specific businesses. With Expand ERP one can manage his entire business completely online. With over 15 years of extensive R&D and market testing, it is a unique software which is curated to fit best into your business needs.This ‘made in India’ software seamlessly fits into Indian Business. Further, to fit best to the business, we focus on export and retail domains only.

 

To know more about Expand ERP and how it will transform your business operations please allow us to arrange a demo by our BizTech Expert. Call 09007026542 or leave a message below and we will get back to you shortly.

Top 5 Challenges of Implementing an ERP Software and Their Solutions

Top 5 Challenges of Implementing an ERP Software and Their Solutions
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This article was published on: 20/06/20 10:45 AM

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Top 5 Challenges of Implementing an ERP Software and Their  Solutions

“Don’t limit your challenges; challenge your limitations. Each day we must strive for constant and never-ending improvement.”

– Tony Robbins

  1. Planning for an ERP implementation in the near future?
  2. Are you worried about rising costs?
  3. Are you unsure about what is the best fit ERP software for your company?

An ERP software implementation surely comes with a lot of challenges, even though its benefits are manifold. In the next few years, your business value will reach new heights and touch new shores of expansion, with a successful and best fit ERP software integration. With a prior knowledge of the challenges and bottlenecks, you can be better prepared to counter any such obstacles with ease.

  1. Incorrect Requirement Analysis: ERP implementations in most cases fail because of inaccurate requirement analysis. One needs to know the difference when an ERP application is integrated with an e-commerce site and a POS software. You need to know whether the ERP app needs to be integrated with CRM as well. However, in most companies requirement analysis is done by employees with limited knowledge of ERP implementation. Primary emphasis is laid upon the cost and faster execution. But unfortunately, the project fails in most cases as the requirement is not completely understood in the chaos of bargaining with the costs with the vendor. To have more clarity on ERP implementation, case to case differences, actual time and money to be invested, involving people with good knowledge on ERP is a must.  They would advise you in better decision making, and thereby drive better results. Make sure the requirement analysis checklist is reviewed by a technical team, before finalizing the deal.
  2. Inadequate Training: Following closely on the lines of the previous challenge discussed, lack of knowledge continues to be a hurdle for a successful ERP implementation. When your company is preparing for a major data transfer from the legacy system to a new ERP reality, it is necessary to have a basic understanding of the changes that are taking place, the new interface, and risks or losses involved in the process. You may arrange for a brief knowledge transfer session for all employees or anybody who would be part of the new system, before the actual change takes place. Not an elaborate training program followed by a test, but a simple 45-minute session by the knowledgeable resources, for all to attend. Training videos of the same may also be circulated. Expand ERP offers complete training of users post implementation within 50 hours by trained technicians and constant support even after implementation.
  3. Inefficient Project Management: Larry Ellison, the founder of Oracle Corporation once said that taking care of one’s customers is important, but taking care of one’s employees is more important. This implies that you should have the right resources in your team for customer success. We need to understand their worth and utilize their full knowledge and potential for an efficient project management. Trust them, mentor them, train them and let them come up with a full-proof project management plan that will not only ensure a successful ERP implementation but also derive desired ROI for your business. Only with a meticulous project management, one can achieve that, no amount of cost-cutting or package deals help.
  4. Customization: ERP software is often misunderstood as a wholesale package solution for a company. But unfortunately, it is not. ERP applications are actually a framework with which a customized solution is built. This means, your requirements have to be defined well in advance and accordingly a customized ERP solution will be created. For that, you need to define the workflows and do a capability analysis, beforehand. You might have to make a few minor adjustments in the application solution to meet all your enterprise needs. These adjustments or modifications differ from suite to suite and might be required at the beginning or sometime in the middle of implementation. If you are prepared for a capacity planning, delays in implementation and time loss because of system outage may be kept at bay. It is advisable to invest in a best fit ERP software that suits all the unique needs of your business. A ‘one size fits all’ ERP system is most likely to fail.
  5. Rising Operational Expenses: Overhead cost is one of the biggest challenges of ERP implementation. The initial cost of implementation is high, but the customization and maintenance costs are even higher. The more customization needs are, the higher are operation costs. Maintenance costs are of course, a necessary evil, which cannot be brushed aside. However, with an efficient requirement analysis and resource planning, much of this cost may be brought under control. Sit with the best quality professionals in the organization to find out what you really need for enhancing your business value. Seek for features that will add value to your product or service, attract more business, and position you better as an entrepreneur. That way, you will get the true value for your best fit ERP solution without spending a huge amount. Expand ERP cloud software involves zero upfront costs. Only a concurrent user price is payable as per your usage. Investing in Expand ERP cloud software is a value for money solution that derives fast ROI.

These are certain generic challenges while implementing an ERP software. Depending on the sector in which the company operates in, the extent of complications may vary. This will ensure the implementation process is smooth without any glitches.

 

Team Expand ensures you a hassle free cloud ERP software integration experience with utmost ease.

 

Expand ERP is India’s best-fit cloud ERP system for fast growing businesses like yours. It empowers the mid-sized manufacturers in the export and retail industry with real-time visibility and complete control over their business for faster expansion by simplifying complex business processes.

 

With over 15 years of extensive R&D and market testing, we have developed a software that seamlessly fits into Indian Business. We are the OEM of this solution. Further, specific fitment through customization and integration are made for the company’s unique needs. All measures are taken to fit seamlessly into the existing business processes to deliver the maximum benefit of our solution.

Expand ERP cloud software drives maximum growth and ROI to your business. To get more information call 09007026542 and Leave a comment below.

How ERP Software can solve challenges faced in a Book Publishing Industry?

ERP Software for Book Industry
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This article was published on: 20/03/20 9:22 AM

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How ERP Software can solve challenges faced in a Book Publishing Industry?

Our client Mr. Kamal Kishore Sanghai, Director of Mittsure Technologies LLP is a goal-oriented entrepreneur with a progressive mindset. Mittsure is involved in publishing, printing and reproduction of recorded media. He has faced several disruptions in his business earlier where processing was not systematic.The company was struggling to achieve faster growth as it was lagging behind in daily business activities. Mr. Sanghai is liberal and understands the indispensability of new age technology to survive in the competitive market. He identified his challenges and allowed us to help his company improvise and optimise growth with our best fit ERP software solution. Before surrendering to technology, the company had no system and order in its daily activities. They wasted a lot of time and money doing useless paperwork for files and records. After adopting Expand ERP, the company was brought in order from chaos. There was an easy production process and paperwork had also reduced. Even outsourcing or subcontracting procedures was automated for easy transactions.

Mr. Sanghai is our happy client and we have successfully implemented our ERP in his organisation.

All companies face their own set of problems according to the nature of their business. How to find the right solution to it is the main challenge. As Jim Rohn says, “ Focus on the solution, not on the problem.” A publishing company sources its content or stories, then designs publishes and then finally distributes the books. The various forms of publications are magazines, books, newspapers, directories etc which can be published daily, weekly, fortnightly, monthly or yearly basis.

erp for book industry

The processes involved are crucial in nature and if a problem arises in even one process, it has a domino effect on all the subsequent processes. Thus, to keep the coherent workflow smooth and seamless, organisations need to adopt new technologies and tools that will enhance performance and growth.

ERP software has been around nearly as long as commercial software has been available to businesses. But the ERP software market has a tendency to look homogenous, so it’s tough to distinguish. These systems consolidate and streamline records and data from internal business processes like finance, sales, production, and complex supply chains. They also provide centralised databases that act as a single source of truth on whose basis the entire enterprise depends.

If you are a book manufacturer and face similar problems – Expand ERP is the one solution to your needs. We offer the best in class business automation software for mid-sized manufacturers in the export and retail industry.

Essential benefits of using ERP to counter the challenges of a book manufacturing business

 

To manage daily tasks efficiently, all departments of a publishing house needs to be at par with the overall processes and optimum data visibility.

 

Expand ERP counters all the difficulties and operational snags in the publishing industry from a single portal.

  1. Managing subscriptions – subscriptions is a very important revenue generator for any publishing company. Your ERP will send reminders for renewals and manage a list of old/new subscribers with a smart record keeping software.
  2. Optimum Supply Chain Management – SCM improves with full control over inventory.
  3. Reduces manual work of data entry.
  4. Reduces usage of paper.
  5. Decreases risk of errors as all transaction and entry is automated.
  6. Enhances decision making – accuracy in data entry will automatically enhances decision making.
  7. Warehouse management – with a  comprehensive inventory tracking warehouse stock is managed on the go.
  8. Improves material quality by taking care of compliances, inspection and analysis system.
  9. Efficiency in production cycle  – ERP manages your production cycle including capacity observation, planning raw material obtaining etc.
  10. Inventory module improvises material planning and maintains records of previous sales, quality in hand and backorder quantity etc.

Your business is as unique as you are.

Give it a process automation software that is made to fit.

 

Expand Benefits:

  1. Real-time orders – We provide real-time order status to avoid shipment delays and procurement planning with vendors and container planning.
  2. Automated email and SMS to debtors – This reduces outstanding and aging by 30 % in 6 months.
  3. Planning Inventory – You can plan inventory holding based on the historical and current order trend

Install India’s best fit ERP on cloud and grow your manufacturing business with ease.

Expand ERP offers the best in class ERP software for the Retailers in midsized manufacturing industries. It drives business efficiency by perfectly fitting into the existing business and effectively automating and integrating the complex business processes.

Expand ERP for manufacturing books in Export and Retail Industry –

Expand offers an effective Omni Channel ERP. It controls inventory intelligently and can manage warehouses at multiple locations. The users are informed well in advance about finished stocks so orders can be placed on time. Similarly overstocking can also be saved. As a Cloud ERP users can access the data whenever they want from wherever they are. Expand ERP also provides integrated features with marketplaces like Shopify, Magento, Amazon, and Flipkart.

 

Expand ERP for Export Industry makes your export a powerhouse-

It provides post-shipment tracking including bills and export incentive tracking. It also initiates forward booking and packing list and CBM computation. With Expand ERP on cloud export business is made much simpler as access can be made anytime, anywhere.

Revitalise your ERP software with Expand ERP process automation. Instead of you changing your business processes, we tailor-make the ERP software specifically as per your needs. If you are keen to lead your industry with cutting edge technology and take your business to the next level, adopt Expand ERP software.

 

To know more call. +91 9007026542 and Book a Demo

The Future of Retail business is on the internet!

ERP for Retail Business
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This article was published on: 28/02/20 9:26 AM

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The Future of Retail business is on the internet!

The next generation workforce or the ‘millennials’ are completely dependent on technology and devices. In order to be future ready Expand ERP is all set to take you through the newest trends in business automation softwares exclusively developed for the retail industry.

One of our patrons, Mr. Ayush Baid, Founder, Ellementry, a retail lifestyle store in New Delhi, GK I, is a young entrepreneur who wanted to expand his business to 18 stores across the country. He was perplexed as to how he could streamline his POS, Inventory, Warehouse, Omni Channel Functionalities etc. so that he could focus more on his goals than the daily. Team Expand was successful to help him counter his challenges from day one and implemented ERP for a hassle free integration of business operational challenges. Now he can analyse his business with a unified view and take instant decisions and save time and money. Mr. Ayush is our happy client and we share a one on one relation with his organisation.

Retail ERP – A must have in today’s fast-moving eCommerce marketplace.

A retail ERP is a typical ERP system that is uniquely designed and developed for retailers. It has specific in-built features like Point of Sale system that is only required in a retail business. A traditional ERP will need to connect to a third party POS system in order to achieve this desired functionality. Whereas, with a Retail ERP, a POS module is usually included as standard negating the risk of siloed systems or even worse siloed data.

Top 10 essential Retail ERP features:

  1. Retail workflow automation 
  2. Multi-location and real-time Inventory Management
    • Free stock position at various locations
    • Auto take schemes or offers on products
    • Marketplace wise Inventory position
    • Inventory ageing with value 
    • Barcoding
  3. Warehouse Management 
    • Smart billing logic
    • Smart picking automation
    • Minimising inventory losses like theft
    • Controlling stock position 
  4. Omni – Channel Functionalities
    • Order fulfillment from multiple locations
    • Managing returns with credit notes
    • Online/Offline Hybrid POS
  5. Flexible Order fulfillment
  6. Integrated Accounting
  7. Demand Planning and Inventory Forecasting
  8. Integrated Retail CRM 
  9. Hybrid Retail and Wholesale Functionality
    • Channel wise sales
    • Performance of products
  10. Returns Management

“Whatever you’re thinking, think bigger.”

Tony Hsieh, CEO of Zappos

 

On defying the status quo, one should not be afraid to be disruptive and shake up the industry. Every idea or concept already exists, it is about how to create a differentiator and attract customers by finding your niche. All you need to do is think bigger. As CEO of Zappos, the footwear and clothing e-tailer that was launched in 1999, Hseih is a leading name in the retail and e-commerce industry in the US. Zappos is considered an e-commerce giant and a beacon of customer service.

Counter challenges of your retail business:

Retail owners face a lot of challenges on a daily basis, like overstock or out of stock situations, schemes and offers execution, stock clearance and to figure out nonmoving items to name a few.

Your ERP gives you ready real-time data for any time anywhere analysis and decision making scenario.

The complexities of the various taxation formalities can also be managed with ease with your ERP.

Moving with times – Crux of our mission

Expand ERP is continuously growing along with the changing time.

Our newest addition includes marketplace feature integrations. We have partnered with applications like Amazon, Shopify, Blue Dart, Flipkart and Magento to ease out your retail experience furthermore.

 

The benefits of such integrations includes:-

 

  • Pulling orders directly from marketplaces and fulfill from ERP.
  • Priority fulfillment for online orders
  • Auto update of inventory from ERP to marketplaces based on smart allocation logic.
  • Can check inventory position on all marketplaces from a single point in ERP.
  • Ready integration with shipping partners like Blue Dart for auto pick up request and live shipment tracking.
  • Auto update packing lists for online orders based on product dimensions and CBM computations.

Why Choose Expand ERP?

Expand ERP is a robust cloud based business process automation software specially designed for the mid-size manufacturers in Retail business. The unique feature is that is it completely customisable to match the specific needs of your business.

We believe;

“If it doesn’t fit,

Don’t force it.”

Similar to our daily lives, this bears truth for business automation software also. ERP can be successfully implemented only if it matches the unique requirement of your business. What matters is what fits your business and not how great the ERP is. It is sure to fail if it doesn’t fit your needs.

With over 15 years of extensive R&D and market survey we have developed an ERP that is the perfect fit for your business. We only cater to the fast growing mid-sized retailers and exporters. It is a comprehensible, customisable and scalable business automation software which ensures 100 % security of data. So you will never face a situation where your business will outgrow the software, our software grows along with your business.

 

For a seamless integration of ERP software with your retail business, trust Expand ERP completely.

Expand Cloud ERP for retail – best fit ERP for retail!

To know more call..  +91 9007026542

How To Prepare a Budget Before Investing in ERP For Your Business?

How to prepare a budget before investing in ERP for business
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This article was published on: 21/02/20 11:20 AM

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How To Prepare a Budget Before Investing in ERP For Your Business?

ERP- The inevitable need of the hour!

 

It is 2020 the onset of a new decade. With the emerging digital era all business organisations are compelled to adapt to new technological nuances. Like 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.

ERP can only work if it matches the unique requirement of your business.It is not about how efficient an ERP is . It is essentially how the ERP suits your business. If it doesn’t fit,it is sure to fail.

Implementing ERP- an investment for your dream

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.
  5. 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 .
  6. 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.

The cost of ERP will include most of these elements(according to your needs)

  • License fees
  • User numbers
  • Training
  • Features and modules
  • Customization
  • App integrations
  • Data migrations
  • Training
  • Testing
  • Maintenance plans
  • Upgrades

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.Further,the software is intuitive and highly user-friendly and makes understanding easy for all.

TIME IS MONEY!

MONEY SAVED IS MONEY EARNED

Investing in an ERP for your export and retail business can increase production efficiencies, reduces the time taken by the customers to pay, avoids pilferage of Inventory and helps 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?

  • First elect a team leader and build a team with decision taking authority and 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  knowledge.
  • A requirement list that includes features, integrations,users ,cloud or on premise , needs to be created.
  • 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 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.request for case studies for better analysis.

 

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 strategise and wisely judge your vendor
  5. Prices can be negotiated

YOUR FRIEND IN NEED!

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… +919007026542