Why do businesses need custom ERP?

Why do businesses need custom ERP?

Irrespective of the size, big or small, every company faces one usual problem: a dependable way to collect and store information. Fortunately, ERP solutions are very helpful on this count.

A report suggests that 95 percent benefitted immensely by using ERP software. However, it has to be noted that there is no system as such perfect for all. Ideally, it should meet your business goals and needs. This is where ERP applications come into play.

An Enterprise Resource Planning (abbreviated “ERP”) system happens to be a group of digital management instruments that can be utilized for all business departments and also assists in managing data flows inside the organization.

Some of the well-known ERP modules:

  1. finance and accounting
  2. warehouse and inventory
  3. supply chain
  4. tasks and workflows
  5. customer relationship management
  6. sales
  7. human resources

Advantages to derive with an ERP app

These happened to be some of the reasons to implement an ERP system:

Save Time: ERP tools contain all segments you require inside, which implies you do not have to take time to harmonize various apps and establish their structure for your organization.

Clarity: The work pertaining to any department and its procedures can be obtained within one solution. This increases the visibility of the whole company and enhances the collaborations of various departments.

Easily Automate: You can easily automate the company’s workflow and, then, better the team’s productivity and efficacy.

Reporting: ERP apps offer the excellent peek into the company’s entire progress as every department is brought under one roof.

Enhanced customer services: Information about every client will be stored in one system and there won’t be any need to make several spreadsheets for customers’ profiles.

Well-known ERP software providers

In case you happen to use an ERP system or plan to in future, you would want to know about the ideal options available in the market. Some of the best ERP products are:

Microsoft Dynamics is perfect for several industries such as retail, finances, or manufacturing. Apart from other benefits, this solution contains in-built predictive analytics segments and varied alternatives for third-party integrations.

Odoo has a novel inventory management system as it allows you to track the product from the manufacturing stage up to the end user. Also, the tool provides advanced customer portals that keeps information safe regarding your clients and automatic stock adjustment for eCommerce companies.

Infor stands on an AI platform meant for businesses of any size. It offers useful insights into business activities. For example, handling assets is as important as anticipating failure and offering preventive measures for the same.

SAP Business One is a pioneer in the market and quite ideal for small organizations. It has various standard segments inside (finances, sales, marketing, customer relations, etc.) and gels with any device.

Oracle NetSuite is another ideal solution meant for companies of any size. It is a famous platform that assists several languages and currencies. It can be customized with ease and has a partner relationship module inside.

Why custom ERP software?

In certain scenarios a custom ERP system would be an ideal choice for a business. Customization is essential if:

Your team should not get stuck in a mix of digital tools

One app for storing the clients’ database, the second one for the payments and bills, and the third one for the marketing department. The multiple arrangements can be chaotic even in a small organization. So, to cut out complications and ease the business processes, business owners must go for custom ERP development. This won’t make employees change the apps and will help them focus on more critical activities.

Swift access to the crucial business data

If databases are stored at diverse places then it can be very annoying for you face at work. These things can alter with ERP customization. You can develop independent structure with the critical information you require at your fingertips and store the same at single application, combining all business data.

Customer service is the biggest causality of organizational woes

The product is a long procedure before it makes it your table. There is production, storage, selling, delivery – these departments you might have in your company. In case they are using different software, it can result in overdue orders and negative feedback for your business.

6 Ways you benefit with ERP customization

Now let us just find out why customized ERP software is an ideal call affecting various business functions.

Decreased expenses

Off-the-shelf products possess everything you require and probably a bit more. Ultimately, you might be required to shell out for more options despite the same being futile for your business. Whereas, there are some features that are non-existent in the solution you can buy and use right away. This happens to be the origin of additional spending. Overpaying is something that can be avoided.

Good degree of control

The complex solutions are made steadily, in tiny working fragments. For you, it implies getting total control over the development procedure and incorporating features on the go. Your team happens to be the sole decision-maker and you get to decide what you will achieve in the end.

Steady workflow

The custom ERP segments and their variations will be made personally to your business requirements, implying that you will not make any modifications in the present workflow.

Spike in productivity

Gradually, new features will be given as per the demands of the company’s management. You will begin to see how the same procedures will be handled swiftly and how it triggers the organization’s evolution.

Smooth integration with third-party services

Ready-made tools provide several choices as far as integration is concerned, but it is not clear whether each business app can be included in the list. While building your own software, it becomes an essential condition. And irrespective of the app you use, it will be linked with the custom solution.

Expandability

ERP building does not cease as and when the tool is ready. Your business will evolve and even the number of business functions. You would also require extra features on your current ERP product. If you join hands with a sincere team of developers, you can deal with a lot of challenges together, including the burgeoning list of segments and features.

Way to develop a custom ERP system

Developing such systems can be challenging and exciting. Developers go through each corner of your business and create segments for them. But let’s begin from scratch.

1. Prepare the list of needs

The existing ERP solutions in the market will give you a varied module, but you should realize the present business requirements, strengths, and weaknesses. There are probably various departments that warrant your attention and some automation at present. This is where you begin forming software needs.

2. Sketch the system’s structure

You can assess ready-made applications and make up your mind about elements you require the most. However, ultimately, only knowledgeable developers can build an ERP system that is apt for your entity. Through experts, you can save time and future costs – ERP developers are fully aware of what needs to be done from the start and spare you from errors in decision making. They assess your needs and draft a program for you.

3. Ponder over project’s tech stack

Seasoned developers have the ability to swiftly develop an idea regarding technology in use. Seek answers from the team regarding these points:

The programming language to use.

Database.

Hosting.

There are two major choices: in the cloud (it is a web solution) or on the local server (for linked computers). Cloud-based software is a regular choice for the majority of entrepreneurs due to the safety aspects.

4. Unify legacy apps and databases with the new app

Prior to building an ERP system, the team is required to have all the gathered data at hand. It expedites the work progress and offers developers a total understanding of your existing business culture.

5. Examine the outcomes of the first iteration

Executing an ERP system proceeds stepwise. Prior to achieving the final outcome, you must ensure that each module has been built properly and this smoothens the company’s workflow. Your employees must assess the solution and carry out various daily operations with it. Once the testing finishes, you will have the system’s part that works on its own.

Single tool for every business

ERP systems can be complicated but also very flexible solutions for contemporary business. It collects every essential software under one roof and assists in enhancing the workflow to a large extent. The sole hitch is to get the apt solution from the market, which might not be available there. The ideal solution in such a scenario is to build an ERP from scratch. This can be a bit too difficult and you might require professional assistance as well. This is really worth all your effort and time as you get the software that syncs with your business perfectly.

Chief attributes and developmental cost regarding POS ?

pos software development

What Is A Point Of Sale System?

Retail and Restaurants are main sources of our routine purchases and in case your store is only accepting cash, you end up being short-changing yourself. Cash is very limited these days as the buzz is on digital wallets and approximately 95% of all transactions happen via a Restaurant or Retail POS system. These devices process customer purchases, tackle payments, and document sales.

A good Retail POS system assists you in achieving a lot with new technologies such as handling inventory & customers, empowering your staff, monitoring purchases, and spot & reward regular/loyal customers. Everyone is aware of these advantages. But, to have an expandable POS system, it is critical to find the right POS System Development Company that has knowledgeable and experienced developers with good understanding of your industry vertical.

A Guide to POS Features

There happen to be several aspects you should look into while researching about the company, but the first thing to consider is whether to go for an old-fashioned POS or mobile POS.

Traditional POS System: The elements of this device include a stationary touch-screen computer display, credit card reader, and cash drawer. Extra pieces might have printers and scanners.

Mobile POS System (mPOS): This is generally a tablet configuration which is used both in stationary and mobile apps. It is useful with or in lieu of the traditional stationary point-of-sales systems.

It is tough to select a traditional POS or mPOS but you are left with no choice. In this matter, look into other factors that could affect your business:

4 Questions to ponder over prior to Buying a POS

Do I Require The Fastest Processor In The Market?

Having a good processor speed is no guarantee for better performance. Today things have changed as technology has touched a point of diminishing returns. The variation in a mid-tier processor and a top-tier processor in a retail or restaurant hardware is hardly a prominent matter. The mid-tier can be sufficient for the majority of businesses.

Does My POS Have Any Kind Of Physical Longevity?

The criticality of durability is quite apparent but it is not easy to tell these days the longevity of a piece of hardware. Every hardware supplier boasts about the durability of their products. When a POS hardware vendor says their product is long-lasting then you have to ask about:

Spill and drip

Dust, lint, and debris


Surge and lightning


Electrostatic discharge

Impact, drop, vibration, and shock


Environmental: thermal and humidity


Electromagnetic compatibility: radiated immunity and radiated emissions

Is it a Must for Point-Of-Sale Hardware to be Built Specifically For A Retail, Restaurant, Or Any Other Environment?

Certain suppliers utilize the same hardware for every business hardware setups. However, you should know the differences to make a good decision for your business.

You can begin to see decision making prospects opening up when you imagine the manners in which your business will utilize a POS system. Some important questions to consider are:

Is any hardware proprietary or is it possible to own it?


Is the system feature ideal for your business needs of the future?


How much does the software cost?


How much money to be kept apart for hidden charges?


Is there a requirement to sign a contract?


How to select the apt POS System in terms of Size, Scale & Space?

In case your business location is restricted in space then you should consider the tablet POS; their configuration is easy and size is tiny vis a vis traditional POS systems. It gives you adequate foot space in your store. The mPOS systems are attractive and ideal for closed spaces as they provide a flexible solution. These can be utilized in mobile and stationary setups. But, if you are going to function in a bigger retail space with several checkouts, you can go for a traditional point-of-sale system. These are huge and come with a package of solutions that carry critical peripherals usually used at a checkout.

5 Excellent POS Systems 2019:

  • Verifone
  • Clover
  • Ingenico
  • First Data
  • Equinox

POS Software Elements

Cloud-Based (Saas) or Software-as-a-Service happens to be a system that can be accessed and assisted via the internet. If the internet goes down, most POS systems can monitor sales and sync once the connection comes back.

On-Premise is the one that requires a business to purchase one or more licenses directly from the software; which can be installed on the servers or computer system. In case you have a big organization to track then it might turn very inconvenient to update and maintain the software by yourself. You should look at taking the help of a dedicated IT professional.

POS Hardware Components

This is a list of the rudimentary hardware elements needed to assist any POS system

  • Touchscreen Monitor
  • Barcode Scanner
  • Cash Drawer
  • Pole Display
  • Magnetic stripe reader
  • Receipt printer

How Does POS Help You?

Data is of paramount significance currently when it comes to decision making. Earlier, mere conjectures were the real source. This implies that you require all data you get from anyone who communicates with your business. Data such as customer buying/return history, sales detailed by item, reports on stock inventory, and monthly/yearly/seasonal sales reports. Devoid of these, your business growth can go for a toss. Other beneficial reasons that come to mind are:

  • Expedite report generation
  • Cuts down inventory overhead
  • Quicken busy checkout lines
  • Superior services for customers
  • Offer prompt inventory data to vendors
  • Maximize traffic online & offline in your store
  • Time saved on back-office inventory operations

9 Essential Aspects In Your Point-Of-Sale System

Integration: Your POS system must possess a configuration to be merged with other segments. For example, accounting, time & attendance, inventory management, loyalty & gift cards, etc. If your system is integrated then room for errors and discrepancies will be very frugal.

Employee Management: This tool is basically for your employees logging in and out post their shift. This even helps in dealing with employees’ schedules and payroll.

Inventory Management: Inventory thinning is an issue all businesses confront. You should deal with this matter straight away by handling the on-site inventory quantity. This inventory management provides you some room for your stock at every time.

Customer Management: Find and rapidly spike the number of good consumers with this feature. This procedure will gather data on your customers’ past purchases and thereby permitting you to find out your most useful customers through their spending pattern. This additional clarity transparency can be accessed with a POS system.

Sales Reporting & Analytics: Apart from monitoring the quantity of your selling products this system even reflects the revenue you are earning on each product. Understanding the lucrative items in your business permits you to devote your time and effort judiciously.

Mobile/Tablet Access: The mobile & tablet POS access takes immobility out of your life. You can obtain access to your POS system from anywhere.

Streamlined Purchasing: This is an important feature that cannot be ignored. The process involved in a company to get goods and services can affect your business’ profit margin, cost, and entire success.

Customer Relation Management: The system keeps the portfolio of frequent customers which permits the business to get particulars such as a customer’s previous purchase, time they were originally included etc. Hence, improving the customer experience by understanding the customer personally.

Stock Management: This is time saving as critical information is being tracked properly. You easily handle bulk, understand top sellers, establish order triggers for sales, scan items anywhere etc. This aspect cuts down the time spent on physically ordering and computing your supply levels.

Extra POS Features:

Quick & Precise Billing: The manual steps involved in carrying out a transaction will come down drastically and hence improving employee productivity and performance.

Safety: Every POS system would follow the Payment Card Industry Data Security Standard (PCI DSS). This assists in safeguarding the critical customer data such as CC numbers and phone numbers.

Potent Reporting: It assists you in getting to know what is happening in each department of your business minus overseeing each department. Robust reporting permits you to identify patterns, view where the problem is, and where the prospect of growth lies. Such detailed info allows you to observe your inventory for an SKU-level view of your sales.

Quicken Growth with Multi-Unit Management: Having a sole franchise can aid you in seeing the requirement to save on costs and opt for a medium with lesser features. The ideal thing to do is to opt for a franchise point-of-sale system that enables you to handle several units through a single dashboard. It can be easier for you to expand when your system is equipped with multi-unit handling abilities permitting you to deal with various stores properly.

What is the cost of A POS System?

Pricing Prototypes

Pay-Per-Month: This happens to be the most sought after system in the market at present. Prices differ as per the brand you opt for and how the initial discussions pan out. The base pricing will be fixed according to per user or Register. The variations stand out when you have a requirement for only one register or multiple, and the number of employees working. The present pricing model in the market differs from $35-$40 for minor retail stores and for big businesses $50 would be the starting rate.

Pay All At Once: This is not utilized commonly as it entails huge upfront costs.

Hidden Charges

All industries have some covert fees involved when it comes to making a POS system. You should ask questions regarding your prospective establishment and then get an understanding of all costs.

Hardware Expense: Ensure every hardware expenses are added in your estimate. There might be sudden surprises like believing that you require one PC or Tablet for a register however you might as well have to purchase a whole kit to cater to it. This is the point where pricing models differ marginally as software companies regularly bring these kits where the prices differ.

Customer Service Charges: Each vendor tackles their customer service independently. You might see certain companies providing free services including free training and live chat; On the other hand, certain vendors would levy extra services. So, keep track of those vendors, who can be beneficial to your business, and those extra costs to the total estimate.

Credit Card Charges: Keep in mind the percentage of each solution charge as that variable would lead to extra fees. It might be a time-consuming affair to set a detailed estimate to begin with but you have to be ready and precise on the basic estimate.

Extra Features: It is better to remember that any feature you wish to include in your POS system might entail a hidden cost. Usual norm with companies is to levy extra reporting features. Monitor all the features included to be clear about your estimated costs.

While building a POS system, consider these above-mentioned hidden costs to assist you in selecting the apt POS Software Development company that is perfect for your budget, business requirements, and needs from the system.

What you can anticipate in terms of payment?

You should be prepared to pay something in the range of 2% – 3% of your yearly revenue and between 12% – 18% of that expense for annual maintenance and upgrades. If you are a small to medium retail store, then you can avail more free alternatives in the markets. Eventually, identifying the predicted costs for a POS system needs time, research, and a good understanding of what your business requires at present and going forward. With technical evolution, possessing a POS system attached to your business is important to encourage growth.

It is better to appoint a team of skillful POS Software Developers with very good understanding of some of the POS systems in the market you are trying to study in detail.

Technological Advancement To Change Enterprise Systems

Technological Advancement That Will Revamp Enterprise Systems

As per the recent examination , global ERP market is expected to grow by 7 % CAGR . As a result enterprises are investing heavily on ERP software development at it is become one of the most indispensable platform .

Enterprises system helps business to ease on their day to day work by providing unique solution to automate their business . Technologies plays an important role in boosting importance of these application and it is continuously growing since beginning . Let’s look at the enterprise technology that will help enhancing enterprise application in upcoming years .

Technology Concepts Enhancing Enterprise Applications 

# Intelligence Enterprise System 

The introduction of artificial intelligence and machine learning has opened new world for developers and the ultimate aim of these technology is to benefit ERP software industry  . Machine learning concept is one of the major attraction among them .
Enterprise are actively taking part in implementation of these technology and it is predicted that by 2022 machine learning will play important role in this technological advancement .
On the other hands , business are handling huge amount of data . Thanks again to machine learning which enables predictive analysis to comprehend data faster and at the same time tracking of insights about data .
Another great advantage being data is churned to figure out potential issues even before its actual time , in case of system failure . This helps in saving of cost , increasing of productivity and timely recovery of data 

# Connected Enterprise Environment 

The next big technological advancement in this fields is Enterprise ” Internet Of Things ” that aids in connecting physical devices with computer which helps in contribution of process of business . Physical devices are connected by use of internet with computer to share real time insight of data flow . This helps in reduction of manual intervention of data and increasing overall work efficiency .
Internet of things bring down endless opportunities on the table with its thrilling concept . It helps sending control instruction to desired device on the basis of pre set business rules .
The density of integration comes from data . Big data analytics are also getting advance to obtain IoT based data sets which will become priceless for decision maker of enterprise .

# ERP Based On Cloud

Since the very beginning of 2019 , it has great upsurge in traction of cloud based ERP systems . There has been ever increasing demand for cloud based ERP as it helps enhancing business efficiency enhancement . The major factors that are encouraging cloud based ERP adoption are : 

Scalability :

SaaS based applications facilitates enterprise to have freedom to choose for their own custom needs . ERP based solution which are cloud based are easily to upscale as well as removal of unused modules in ERP at any point of time with ease .

Multi Tenancy :

As enterprise are growing globally their customer reach has also increased at tremendous stage . Therefore application which a single code base hosted centrally is in demand by all users . 

Cost Saving :

In cloud based ERP systems  there is actually no need of hardware and infrastructure set up . Cloud hot ERP are cheaper and accessible from any web browser with ease inspite of system configuration . SaaS modules also has upfront license fees as SaaS is generally based on subscription based module which is Pay as you go .
Apart from what has been discussed above , many new things are coming up every now and then in upcoming years .
Winklix can help you develop custom as well as customisation of SaaS based ERP platform in order to cope up with existing trend . Contact us now .