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.

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 .