What is Working Capital? | Definition, Meaning And Formula
What is Working Capital? Working Capital is a financial metric that demonstrates how much cash and cash equivalent are available with the company at a
Category: ERP
New Payment Rule for MSMEs Will Improve their Financial Stability
1. An Overview of MSME’s Contribution to the Indian Economy Micro, Small, and Medium Enterprises (MSMEs) are considered as the backbone of the Indian economy.
How to restrict Users accessing particular categories products
On Transaction screen we can restrict user with the particular category products. At transaction level users can select the products related to the categories which
What are Overhead Costs? Definition & Meaning
A business has to spend money to make money, that’s how it works. In the business landscape, there is a term called overhead costs. It
What is a Periodic Inventory System and How Does It Work?
Inventory is an integral part of the business where all the goods and raw materials are stored to sell later to the consumers. A periodic
What is FEFO Method? Definition and Example
Inventory is an important part of any business. It has the capability to influence the revenue of the business directly. There are many inventory methods
How OpenAI and ERP Integration is Transforming Business Dynamics?
What is OpenAI? OpenAI was started as a “not-for-profit” Artificial Intelligence research lab in 2015. The San Francisco-based company was backed by SpaceX and Tesla
GenAI in ERP: What are the Primary Use Cases and Solutions?
In recent years ERP software has undergone tremendous change and evolved into a better solution for any type of business. This advanced technology helps the
What is Manufacturing Lead Time?
Manufacturing lead time is a concept well-known to all businesses. We know the importance of delivering the product on time, and customers remember the brands
Manufacturing Costs – Formula and How to Calculate it?
Businesses need to assess manufacturing costs to maintain the business’ stability. Manufacturing costs are a significant metric to consider for companies. If this metric is