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 .

Interesting Facts About Cloud Based ERP

Interesting Facts About Cloud Based ERP

The complexity of data in any business strategy is very tough to manage . Enterprises uses these data to develop business strategies and interchanging information across different departments in the organisation . In order to manage these complex data , Enterprise Resource Planning (ERP) software is what is needed , no matter whether you are small , medium or large size organisation .

Also See : We are recognized as a Top 25 Enterprise Logo Design & Branding Agency on DesignRush

It has also been recent in recent technology advancement that desktop based softwares are going outdated these days . 2019 is the era of cloud based ERP software which is used by almost all industries in the marketplace . ERP offers various management system of the enterprises like human capital management (HCM) to sales management , finance and different department coordination management .

Also Read : Whether To Custom Build ERP Or Buy ReadyMade Solution ?

As per the recent reports of Forbes Magazines , cloud usage has been seen tremendous growth of 6 times of IT spending since 2015 , which in turn has increased the demand for cloud based ERP to next level and the clear impact of which can be seen with continuously growing revenue .

As the matter of fact it has been predicted that more than 90 % of the software will be cloud based by 2020. The companies who has shifted their infrastructure to cloud based ERP software has been seen tremendous growth in terms of revenue in their business .

Let’s quick look at some of the interesting facts about cloud based ERP solutions 

ERP Promotes Growth

The best part about cloud based ERP software is it does not require any infrastructure to run this complete system within the company . That is the reason the demand for cloud based ERP system is growing continuously in worldwide market . By investing in ERP software which is cloud based companies are expected to get focused on growth and return on investment in easier and faster way .

Also Read : What is Custom ERP Development And Cost For Its Development ?

Flexibility

Cloud provides easy accessibility of tools which is already quality enabled which companies find difficult to access before . It is easily accessible even if company does not have any good internal infrastructure .

Increase In Agility 

Generally these kind of ERP have centralised cloud based data storage capability which aids different department to access data centrally which helps in increasing efficiency and removal of and duplicity during data entry . Cloud based ERP systems are quick , easy to access and can be regularly updates with ease in order to get the latest updates .

Money Saving 

Cloud systems are comparatively cheap solution in comparison to previous ERP solutions . It has been seen that most of the companies who have implemented these kind of software have saved huge amount of money . The major benefit of using cloud system of ERP is it allows investment flexibility and quicken up the whole process . In cloud based ERP , there is no additional cost to upgrade the system and also does not require any trained person to do that .
Also Read : Understanding The Requirement Before Selection Of ERP Solutions

Security 

This softwares are highly secure having multiple layers of data security and privacy . Cloud based ERP maintains regular backup of data and services as well as multiple authentication to access the data .  All other most important documents and data are stored in secured server which is not easy to access .

Top Five Supplier Relationship Management Software

supply management software

“It is rightly said that Quality is everyone’s responsibility.”

 

Nowhere in this world, exists a business that doesn’t keep ‘Quality’ on top of its deployment list. Neither the consumers of today are ready to make compromises over the products or services delivered in hand.

 

We all know what quality matters to all of us at present, but what does it stand for the big businesses and midsized establishments or even new startups?

 

What do they mean when they say we apply Quality Management principles inside our organization?

 

Quality Management

 

Quality management is merely a phenomenon to drive customer satisfaction and great user experience by providing the ‘Best Quality’ in the deliverables (products and services).

 

The discipline involves four fundamental principles of:

 

  • Quality Control
  • Quaity Planning
  • Quaity Assurance
  • Continual Improvement

 

These are the four pillars of quality detection which when applied into a business, can boost its reputation, thereby accelerating its financial gains.

 

NB:

 

“Service Quality and Product Quality both are subjectively important when seen from a Customer’s viewpoint.”

 

What is Supplier Relationship Management (SRM)?

SRM is a concept that can be well defined as an approach to assess suppliers’ contribution in success, determine the factors to maximize their output and find ways to for their continuous improvement in performance.

 

A supplier relationship management is usually applied by supply chain professionals who deal with tender procurement and project management and operations which involves sheer communication with the supplier.

 

To maintain a balanced equation between the suppliers and organizations, there arises the need for Supplier Quality Management which fulfills the demands of both sides by making use of strategical management methods and analytical needs driving semantic results.

 

Here is the list of five supplier relationship management software assisting us in managing the whole supply chain cycle.

 

1). Procurify

Procurify is a software that ensures to quickly identify the vendor’s performance where it provides a separate section to find all your purchase orders made from them.

 

The tool helps its users to easily track and control their money spends which builds its trust among hundreds of companies reaping the software benefits.

 

Operating, purchasing and financing, all these processes are made smooth when applied among your organizations’ departments and areas.

 

2). SupplierSoft

If you are looking for on-demand SRM solutions, you can look upon SupplierSoft some inbuilt traits like supplier risk, supplier quality, procure-to-pay and much more.

 

From ROI point of view, the low-risk feature and pay-as-you-go solution are really beneficial being quick-to-implement.

 

SupplierSoft sets you up to gain 360-degree supplier visibility by using its supplier related business processes those are automated for users ease of use and navigation which makes its presence to be seen among millions of users and customers.

 

3). Officewise

A cloud-based software built with the intent for users to effectively create purchase orders, approve or reject them and send them directly to vendors via an email.

 

Operators of this software can keep track of received purchase orders, match the supplier invoices and receipts along with bills and expense management.

 

When it comes to Spending, some primary features that of inventory tracking, budget tracking, and standardized reports help the users to cut costs and analyze the spends and expenditures clearly.


Additionaly, Officewise enables its operators to export purchase orders, receipts, bills and other information all from this single platform. They have a customer support active over phone and email along with an online help center available 24/7.

4). Shipedge

Shipedge serves to be an all-time need for warehouse management handled by companies of all-sized( small, medium or even large). The cloud-based tool serves e-commerce warehouses, service providers logistics companies(3PL/4PL), distributors, light manufacturers etc.


Shipedge’s Key features involve:

 

  • inventory management,
  • order management,
  • labor management,
  • supplier management, and
  • business intelligence
  • and much more…

 

The software’s order managing feature enables the users to uniquely manage and handle information that is derived from real-time data and reports from its suppliers, consumers, and shipping carriers.

 

Shipedge smoothly integrates with some online marketplaces like Amazon, Shopify, eBay, WooCommerce, Magento, Walmart and many others in line.

 

5). Halo

Halo with its powerful design and infrastructure helps businesses to plan and forecast their inventory demands. This supply chain platform has various deployment options to choose from namely, SaaS (Software as a Service), PaaS (Platform as a Service) and on-premise installation.

 

The program offers different modules catering to enterprises searching for SRM aspects of demand planning, tender procurement, warehouse management, strategic sourcing, and supplier management. The modules provided can be efficiently integrated or can be applied as standalone solutions.


Irrespetive of the company demographics (size, shape, location), the software suite serves all industry types- healthcare, food and drink, pharmaceuticals, third-party logistics companies etc.having an international presence in UK and Canada.