Top Five Benefits of HCM and ERP Integration

HCM and ERP integration
Reading Time: 4 minutes

HCM and ERP Integration is the most crucial part of growing a business. But for that, we must first understand what HCM is and how you can integrate it with  ERP. Human capital management (HCM) helps influence the success graph of employees and hence the improvement of the business. HCM  solutions ensure that companies allocate their human resources accurately and economically throughout the company. It also ensures that all the employees and staff have the proper training and skills to complete the business functions.

Companies use several systems to manage their human resource functions, including payroll, while offering considerable advantages to staff schedules. Some systems function separately, making it tougher to collect and analyze real-time business data in an insightful manner. However, running systems differently also leads to reduced efficiency and high expenses.

If your business has separate CRM, HCM and ERP systems with their databases, it will be tough to synchronize all data. On the other side, with the help of an integrated approach, you can easily share a single database and managing real-time data becomes very simple. If any update occurs at any one of the systems, then it will be visible from anywhere and anytime. Also, you don’t need to worry about when ERP and HCM data will reach system databases. This will help businesses perform challenging tasks faster and more accurately in HCM and ERP integration.

HCM and ERP Integration

To stay fully competitive in this world, businesses have recognized that lakh in making informed business decisions and a massive knowledge gap is leading. Hence the top company and information teams throughout different industries have started taking a step ahead to integrate the HCM system with their existing ERP software.

But enterprise resource planning systems assist businesses in managing their core activities. With the right ERP tool, various functions such as supply chain manufacturing, finance marketing procurement services, and much more can quickly be addressed to offer rate customer service. The best ERP software helps plan, manage and track business functions. We all know that HCM is essential to operate a business in today’s competitive world; hence, it makes excellent sense to integrate HCM features into ERP systems.

When these two systems are integrated, businesses can enjoy a wide range of benefits that can help them improve performance and become more successful.

Also Read: Benefits of ERP and POS Integration

  1. Streamlined processes and improved communication

A single platform to track all business functions remove all kinds of interruption and data sync requirements of multiple-form systems. It ensures consistent workflows in the business. For instance, when an employee creates or updates a particular sales record, it provides automated approval by taking all the required information in CRM, ERP, and HCM. It also considers different factors, including business unit employee cost approval limits, employee location, etc.

HCM and ERP integration brings quicker decision-making capabilities within the team, resulting in operational efficiencies, excellent customer satisfaction, and greater employee engagement.

  1. Centralized Data Point

In HCM and ERP integration, whenever HCM and ERP data is stored on different databases, it creates many integration challenges, making maintaining all of the data very expensive. However, in the case of a unified platform like the integration of HCM with ERP, you can record a variety of data from different domains on a single centralized system. It includes standard data entry functions when the system records and holds every data securely, helping users get more accurate and real-time information from the single platform.

  1. Greater visibility into data and analytics

With big data comes great responsibility. As businesses are collecting ever-growing amounts of data, it is becoming increasingly difficult to make sense of it all. This  Data and analytics help businesses to make better decisions by providing insights into what is happening in the industry and what could happen in the future.

However, data and analytics are better than the data being used. This is why businesses need to have a data governance framework in place. An integrated HCM with ERP can offer you a better data governance framework that will ensure that the data has improved quality and is used in the most effective way possible.

Having a data governance framework also gives businesses greater visibility into their data and analytics. This makes identifying opportunities easier and making better decisions based on available insights.

Also Read : How can ERP and CRM Integration Improve Operational Performance for your Business?

  1. Great adoption rates

If you want to deal with any technology, then you need training. If a business has separate HCM CRM and ERP software, employees should be willing to use all these three technologies simultaneously. This will not just be challenging but can also lead to poor adoption rates. But having an integrated system will reduce the need for training employees since they will be working with only one system having its features resulting in advanced adoption rates.

A Centralized business solution includes all the capabilities of the HCM and ERP that can automate and streamline business operations while bringing higher functionality and data accuracy.

  1. Greater Security & Governance

It is a fact that a single platform can permanently affect the security factor. The single sign-on strategy in a homogenous atmosphere high-end data security to all business processes. It also offers secure single login access to all customers through an identity management system. But in the case of a heterogeneous work environment where HCM is completely working differently, then setting up all the security protocols is a very time-consuming exercise which finally requires a lot of patience. It takes more than the expected time duration to overcome the issues compared to the centralized solution.

When HCM and ERP integration is completed, it helps consistent and excellent governance throughout all business functions.

Also Read : Top 6 Ways Furniture Manufacturing Industry Can Boost Productivity Using ERP Software With Enhanced Integration

Final Thoughts

By integrating HCM and ERP systems, businesses can improve efficiency, communication, decision-making, and security. This can help companies to run more smoothly and become more successful. If these two systems are integrated, these technologies will incorporate different aspects of businesses to complete other tasks, including planning inventory management, human resources and more. It is the most innovative way for all medium-sized companies looking to optimize and leverage business data in every platform for increased utilization.

Sage Software Solutions is a leading IT company with an array of advanced ERP Software solutions. Our proprietary products — Sage X3 and Sage 300 will help you cut your operational expenses, improve business productivity, increase operational efficiency, forge robust customer relationships, and strengthen association with vendors, suppliers, and distributors. So, if you are looking to reinforce your business fundamentals and emerge as an industry leader, then please schedule a call with one of our sales representatives.

What is S&OP (Sales and operations planning) ?

Sales and operations planning
Reading Time: 5 minutes

Summary: S&OP is an essential process for the manufacturing industry. Planning your entire demand and supply process will eventually incerese your company’s profitability. A study by Gartner says that if S&OP is planned and executed correctly, there will be increased revenue and productivity. Any company or organization struggling to succeed has to adopt the entire S&OP process in the company.

S&OP can be expanded as sales and operations planning. It is a process of making decisions about the supply chain process by executives. S&OP is the process of balancing out supply and demand. The executive makes decisions on:

  • Planning mid to long-term regarding the demand for the product.
  • Analyzing the challenges regarding the sales and operation execution process (S&OE).
  • Introduction of the new product and withdrawal of the old product.
  • Getting insights and analyzing new suppliers.
  • Inspecting investments or proposals regarding entering or exiting markets.

The decisions are planned and executed by the supply chain leaders every time. But even other departments involved with the supply chain process cooperate in making planned decisions. Finance, marketing, procurement, manufacturing and engineering and operations are the departments involved in the S&OP process.

What is the goal of Sales and Operations Planning (S&OP)?

A well-structured plan is crucial for any organization. So when it comes to sales and operations planning, a 360-degree view of all the insights gathered on the supply chain process will increase productivity and revenue.

For example, if your business data is disorganized, how will you find a solution or predict the prospect of your company? Likewise, with a well-organized and structured statistical business report, it will be easy to identify the issues and find possible solutions.

So, Sales and operations planning(S&OP) aims to plan the supply chain process to avoid bottlenecks, balance workflow and increase the value and service. Companies who want to excel in Sales and operations planning abilities should implement supply chain software solutions.

Supply chain software solutions automate all the processes to increase workflow, productivity and profits.

Collaboration with other departments

In sales and operations planning, it is vital to include other parties. A senior executive leads the S&OP team. The Supply chain process also has other business departments – finance, distribution, marketing, and sales. Together they share inputs and devise a brilliant plan to ace the supply chain process.

In S&OP software, data is stored in silos. Executives can access accurate data and make informed decisions regarding the same.

Sales and operations planning process

S&OP processes are usually conducted monthly to make the whole supply chain process decisions. The standard planning procedure is listed below.

  • Gathering data: Collecting the current data on inventory, sales, expenses, and cash.
  • Planning market demand: Different ways to create, influence and understand the demand for the product.(Demand sensing and demand shaping)
  • Production planning: Analyzing the constraints regarding production and distribution. Planning the entire production process.
  • Agreement of demand and company objectives: Ensure that the production process and the product’s demand agree with finance and company objectives.
  • Final decision: The plan is then sent to the executives by the S&OP team to review and approval.

Challenges of sales and operations planning (S&OP)

Though considered a boon, sales and operations planning (S&OP) also comes with a few challenges.

  • Executing S&OP comes with challenges too. The manager or the executive who organizes the meeting should identify why there is a necessity for a supply chain planning team.
  • Secondly, it is challenging to involve executives or members from other departments.
  • Acquiring data from different departments like distribution, manufacturing, marketing and sales, and financials is a complex task. Sometimes data or reports will be delayed. But if there is a user-friendly centralized database, it will be easy for the S&OP executive to gather data.
  • One person has to be the head or in charge of the entire decision-making process to avoid miscommunication between the team members.

<<<Also read: 10 Interesting Questions Related to Supply Chain Management>>>

Benefits of sales and operations planning(S&OP)

Sales and operations planning (S&OP) is a constituent part of a company. This team is responsible for the supply chain process and analyzing the demand for the product in the market. Learn more about the benefits of S&OP.

Better and improved inventory management

Inventory management is a critical part of a business. It can thrive or shut down a business. Suppose your inventory dries out, you will not be able to meet market demands. If you have an overflowing inventory, your business will undergo a dangerous zone.

But all thanks to the S&OP team for analyzing and getting insights regarding the demand for the product and executing proper plans benefiting the business to thrive.

Remove departmental silos

In the S&OP process, all the departmental silos have to be eliminated. Collaborate and garner data from a common database. It increases input, increased profitability and improved productivity. All the company’s departments must unite to collaborate and deliver a structured plan to avoid confusion.

Higher product quality

S&OP planning help in analyzing the demand for the product. The team analyses the product to determine if it qualifies to meet the customer expectations or if it is safe for the consumers to use and then approves it for mass production. So, the company can manufacture high-quality products with insights and analysis drawn from the team.

Better Customer Service

Happy customers are responsible for the brand’s good reputation. If the product’s quality is excellent and the customer receives it on time, it’s good for your brand. This results in getting long-term customers for your brand. You can avoid customer churn.

Sales and operations planning (S&OP) is the solution to retain customers and for advocacy.

Sometimes the long-term happy customers can be turned into brand advocates, which is beneficial for marketing the company products.

Increased profits

Your business can achieve higher profits if you break department silos, predict inventory levels, improve product quality and give the best service to the customers. This can be achieved with good S&OP planning. A well-tailored, insightful plan will ensure a smooth workflow, resulting in good productivity and higher profits.

Value of sales and operations planning (S&OP)

Sales and operations planning has much value for any company. The vital part of achieving the desired goal is collaborating, drawing insights, and developing a solution that will benefit the company.

S&OP software assists in giving accurate data to make planned and informed decisions. As the main reason for this meeting is to understand the demand and supply, the automated software can help curate precise data required to find the solution for the supply chain process.

<<<Also read: What is Supply Chain Management (SCM) in ERP?>>>

S&OP(sales and operations planning) Software

Note that sales and operations planning is a process and cannot be automated completely. But it deals with organizing the supply chain process. There is software that assists in conducting valuable S&OP meetings backed by accurate data.

The complexity is that all the data available are stored in the department silos. Only the departments will be able to access it. If there is software like ERP software with a centralized database, all the users and executives will be able to access it.

All the reports presented in the meeting should be accurate and devoid of human errors. Accurate data insights can be drawn if the company has deployed Enterprise resource planning for manufacturing industry software or MRP(Materials requirements planning) software. These two software deliver valuable insights to back each executive decision.

Points to consider when evaluating S&OP software

Implement S&OP software which fits into your business processes. Check if you can draw insights to comprehend the supply and demand scenario.

Choose S&OP software that embraces your business processes with ease. Longer implementation time is a risk to the entire business. Deploy software that adapts to your business processes in at least 10-12 weeks. Longer deployment time sometimes makes the software outdated. S&OP software should possess all the features to adapt to changing business conditions or opportunities.

Wrapping up sales and operations planning (S&OP) has more significant benefits. Implementing this process in your company has much value – understand where your company needs improvement and make changes. Backed with data, executives can make better decisions to increase productivity and profits.

s&op

Sage Software Solutions is a leading IT company with an array of advanced ERP Software solutions. Our proprietary products — Sage X3 and Sage 300 will help you cut your operational expenses, improve business productivity, increase operational efficiency, forge robust customer relationships, and strengthen association with vendors, suppliers, and distributors. So, if you are looking to reinforce your business fundamentals and emerge as an industry leader, then please schedule a call with one of our sales representatives.

What are the types of ERP Deployment?

ERP deployment - erp
Reading Time: 6 minutes

Summary: Businesses have been using ERP systems to increase their profitability and efficiency. However, the biggest thing to consider here is ERP deployment. There are a number of options available in the market regarding the configuration and types of deployment. Here we will learn the types of ERP deployment and how they can be chosen.

“Often, the problem lies not with the ERP concept. But in demand for quick fixes and rapid cures to underlying structural problems.”

                                             –

            Dr. Ravi Kalakota & Marcia Robinson.

 

ERP deployment is installing and configuring an ERP system so an organisation can use it. This process can be complex and time-consuming, and a team of specialists often does it.

Once the ERP system is deployed, it can be used to manage all aspects of the organisation’s business, including accounting, inventory, customer relationships, and much more.

An ERP system can be a great asset to a business, but only if it is deployed correctly. A poorly deployed ERP system can cause all sorts of problems, so it is mandatory to execute the process appropriately.

Types of ERP Deployment

There are different types of ERP deployments, each with advantages and disadvantages. This blog post will explore the three most common types of ERP deployments: cloud-based, on-premise, and hybrid.

1. Traditional ERP deployment

A traditional ERP implementation will involve installing software on servers at the customer’s site. The software will be configured to meet the customer’s specific needs, and then data will be migrated into the system. Training will be provided to users to ensure they can use the system effectively. Ongoing support will be available to ensure the system continues to meet the customer’s needs.

<<Also Read: Why ERP implementation is a challenging task?>>

2. Cloud ERP deployment

Most businesses have now recognised the potential of cloud-based ERP systems and are looking to deploy these systems in order to improve performance and gain a competitive edge. However, many are still determining the best way to go about this.

Here, we will see the available options for deploying a cloud ERP solution and the benefits and drawbacks of each option. Deployment options include on-premises, private cloud, public cloud and hybrid cloud.

On-premises deployments are those where the ERP system is installed on the business’s own servers. Private cloud deployments are similar to on-premises deployments, but a third-party provider hosts the servers. Public cloud deployments are where the best vendors host the ERP software. Hybrid cloud deployments are a combination of on-premises and public cloud deployments.

The benefits of on-premises deployments include control and security. The business has complete control over the system and can customise it to meet its specific needs. Security is also better than public cloud deployments, as the business controls who has access to the system.

Its drawbacks include the cost of purchasing and maintaining the hardware and software and the time and effort needed to set up and manage the system.

Benefits of Public & Private Cloud Deployments

The benefits of private cloud deployments include control and security, similar to on-premises deployments. The drawbacks of private cloud deployments include the cost of setting up and maintaining the system.

The advantages of public cloud deployments include scalability and affordability. The system can be scaled up or down as needed, and the cost is lower than for on-premises or private cloud deployments. The drawbacks of public cloud deployments include security and control. The business has less control over the system than on-premises or private cloud deployments, and security could be better.

The benefits of hybrid cloud deployments include the following:

<<Also Read: Top 5 ways to drive a successful multi-company ERP implementation>>

3. Hybrid ERP deployment

A hybrid ERP deployment is a mix of on-premises and cloud-based ERP systems. This deployment type can be a good option for companies unsure whether they want to commit to a full-scale cloud ERP implementation. A hybrid ERP deployment can also help companies struggling with on-premises performance issues.

High-tech advantages

There are several benefits to a hybrid ERP deployment. First, it allows companies to move gradually to the cloud. This can be helpful for companies that are hesitant to make the switch to the cloud.

Second, a hybrid ERP deployment can improve performance. Companies can utilise the cloud’s scalability and performance enhancements using cloud-based systems for specific business processes.

There are also some downsides to a hybrid ERP deployment. First, it can be complicated to conduct and manage compared to a full-cloud deployment. Second, it can be more expensive than a traditional on-premises deployment.

Overall, a hybrid ERP deployment can be a good option for companies that are unsure about the cloud or that are struggling with on-premises performance issues.

4. On-premise ERP deployment

On-premise ERP software deployment is becoming increasingly rare as more businesses move to the cloud. However, there are still some cases where it is the best option. Here are a few reasons why on-premise ERP might be the right choice for your business:

1. You need total control over your data.

2. You want to rely on something other than a third party for your ERP system.

3. You must customise your ERP system to fit your specific needs.

4. You don’t want to worry about data security and privacy.

5. You need to be able to integrate your ERP software with other systems in your organisation.

ERP Deployment

5. Two-tier ERP Deployment

A two-tier ERP deployment is the best method to transit to a new advanced ERP solution. By separating the systems into two tiers, you can give your users access to the new system while still using the old system for legacy data. Here are a few tips for a smooth transition.

Two-tier ERP deployments offer several benefits for organisations. First, two-tier deployments can improve performance and scalability by separating the processing load between tiers. This allows the front-end tier to handle lightweight transactions and queries while the back-end tier can handle more complex and resource-intensive tasks.

Second, two-tier deployments can improve security by restricting access to sensitive data and functions to authorised users.

Third, these deployments can improve manageability by allowing administrators to manage different system parts separately.

Finally, two-tier deployments can improve flexibility by enabling organisations to deploy other applications and modules on different tiers.

Overall, each type of ERP deployment has its benefits and drawbacks. It is essential to carefully consider these factors before deciding which type of deployment is best for your business.

<<Also Read: The 7-step ERP implementation plan>>

What is ERP Implementation Significance?

ERP implementation is essential for businesses because it can significantly improve efficiency and effectiveness. When done correctly, ERP can help businesses to streamline processes, improve communication and decision-making, and reduce costs.

ERP can also help enterprises to manage their resources better and respond to changes in marketplaces.

There exist multiple advantages to deploying an ERP system, but the most crucial thing is that it aids in improving the effectiveness of a business. This can lead to cost savings and increased profits for the project.

ERP software can also help to improve customer satisfaction. By streamlining processes and improving communication, ERP software can help to ensure that customers receive the products and services in desired time.

In addition, an ERP system can help to improve decision-making. By providing access to accurate and up-to-date information, enterprise resource planning solutions can help managers make informed decisions that can help improve the organisation’s overall operation.

Tips for Selecting and Deploying the ERP System

You should always select the ERP system with the proper ERP evaluation method. And then, depending on that, the deployment options would rely on the business requirements as well as the deployment capacities of the system.

There is some ERP software that is cloud-based, and some others are a software as a service SaaS-based. There also exist on-premises, hybrid, and cloud ERP. In some cases, the deployment options might be a factor to consider for shortlists, while this shouldn’t be the sole factor in choosing the system.

If you have the fastest growing business, then cloud-based ERP software is the best way. It is because there is always higher scalability and pay-as-you-go price. Moreover, ensuring that each team member is familiar with the enterprise resource planning ERP, you would have deployed is highly mandatory.

Down the Line

Organizations might get attracted towards cloud ERP deployment for financial needs since it requires low lifecycle cost. But it also includes operational/ technical plus points like-

  • Enhanced security and easy access controls

  • Quick ERP implementation options

  • Limitless scalability

  • Excellent security and quick access controls

In some cases, having a cloud ERP system is not just an option. You can also rely on on-cloud premises or on-premises as per your needs. There are a number of deployment and various configuration options available so that you can select the most suited systems for your business.

No doubt, transiting to a new ERP solution might bring a significant change for all users, IT, and complete business. However, it might explore all varied options and then select the configuration that delivers the top scalability.

Then, you can also plan your internal resources and structure to get the best ROI irrespective of the deployment or configuration.

Sage Software Solutions is a leading IT company with an array of advanced ERP Software solutions. Our proprietary products — Sage X3 and Sage 300 will help you cut your operational expenses, improve business productivity, increase operational efficiency, forge robust customer relationships, and strengthen association with vendors, suppliers, and distributors. So, if you are looking to reinforce your business fundamentals and emerge as an industry leader, then please schedule a call with one of our sales representatives.

Smart ERP Solutions for 2022?

erp solutions
Reading Time: 7 minutes

Summary: ERP is a powerful solution for all complex business operations. A survey says that 50% of companies are Upgrading or planning to upgrade their ERP system. A deployed ERP system makes monitoring and managing all the processes efficient. Let’s learn more about the multiple benefits and trends of ERP solutions in 2022.

“When managers of a company select an ERP package to implement, they are “buying into” the ERP vendor’s view of a certain industry’s best practices and relying on the system to support their efforts to embrace these practices.”

 Modern ERP.  Marianne Bradford

Enterprise resource planning ERP is software assisting in integrating all business functions into a centralized system. ERP systems are crucial for businesses because they integrate all the business functions into this platform to promote continuous workflow and efficiency. Data optimization will become simpler with an ERP solution. ERP software manages the day-to-day activities of a company. This software can coordinate business processes like accounting and finance, supply chain management, warehouse management, front-to-back office management and customer relationship management.

Examples of ERP System

Sage ERP software is one of the industry’s best ERP software for all your business management solutions. Sage software is flexible and scalable ERP software for all your business management problems. By deploying Sage ERP software, businesses can integrate data and manage and control all the core business operations. Sage ERP software applies to companies of all sizes. Let’s learn more about the three products of the Sage ERP system.

Sage 300 ERP System

Sage 300 aids small and medium-sized organizations to manage their complete business processes throughout all locations without the additional ERP cost or complexity of using ERP or ERP Applications in India. It is the most preferred solution for thousands of companies throughout the world and connects the most important elements that help grow your business that embrace :

  • Operations and inventory.
  • Project and vendor management.
  • Sales marketing and customer service.
  • Human resource management and payroll.
  • Financials

Sage 300 enterprise resource planning ERP has brilliantly add-on solutions that will help you meet your business’s customized and specialized requirements.

<<<Read more about our product: Sage 300>>>

Sage X3 ERP system

Sage X3 will provide you with complete control of your critical business processes, finance & accounting, sales & marketing, supply chain & logistics. Enhance efficiency, increase flexibility and get better insights for your established business with Sage X3.

Sage X3 is transforming how companies conduct their business by delivering straightforward, faster, and flexible supply chain, financial, and production management at competitive rates and without the complexities of typical ERP. By implementing Sage X3, you choose a market-leading business automation software with the best quality tools to meet all your business needs. It will help you grow your organization faster, manage your customer base efficiently, and increase your agility to take on new challenges head-on.

<<<For more details about Sage X3 ERP system, visit our page: Sage X3 – A Powerful ERP Application>>>

Blog infographic

Sage CRM ERP system

Sage CRM software allows its users to opt for a fully integrated CRM application or choose from the Sales, Marketing, and Customer Service modules.

Reliable insights

Detailed business insights help upper management and stakeholders make informed decisions that prove profitable in the long run.

Better customer relationships

Retain customers faster and drive business growth by offering them exceptional customer service and experience.

Effective collaboration

Instead of using multiple software systems in bits and pieces, make your teams more productive with a single CRM application.

Highly efficient teams

Forecasting sales by identifying deal sizes help sales teams prioritize accounts and create aligning strategies to close deals faster.

                                                      <<<Learn more about our product: Sage CRM Software>>>

erp

Modern ERP system

ERP systems were first used in the 1960s when manufacturers struggled with the inventory. Gartner’s group first used the term ERP in the 1990s. The older ERP solutions were complex and were not integrated systems. Each department had its ERP system, but there was no clear data visibility, and there was a lot of confusion between business departments. On top of that, only experts who specialized in ERP systems were able to access data and decode it.

ERP systems evolved over time, bringing many technological changes that benefit a company to function efficiently. Modern ERP systems are a great boon for a company’s function. It integrates all the company’s operations, is resilient, and streamlines all the processes to work efficiently and faster. ERP systems make the work of executives easier, as the functions are becoming more automated, the executives can focus on mission-critical tasks.

One more benefit of these modern ERP solutions is that they come with advanced embedded tools like artificial intelligence(AI), predictive analysis, voice assistance, mobile-friendly dashboard and many more. These tools assisted businesses in performing even better. There is an ocean of data produced every day in a company. ERP is the best solution to control, monitor and optimize data for easy access by anyone.

Benefits of ERP solutions for a company

Enterprise resource planning ERP software has transformed over the years so much. We have modern ERP software combined with business intelligence that drives a company to work faster and better. They control and optimize the data flow and coordinate with the business processes. So work efficiency will improve when the data and business operations are connected in a centralized system.

Let’s look at how an ERP solution will improve your business:

Leverage optimal performance

Artificial intelligence is a hot topic currently used in businesses globally. ERP software with an implanted AI will enable your business to take data-driven decisions that will help your business to perform better.

Improve operational efficiency

Business operations can be conducted faster. An ERP system integrates data and business functions, promoting agility, transparency, and accessibility by any user. With faster data deliverance, executives can make better decisions for the business to improve.

Agile solution for your business

Modern ERP systems are built to be resilient. You can rely entirely on it in case of any market disruptions or any recall. It will help your business to get back on its feet.

Types of ERP Systems

Learn more about the three types of ERP systems.

Cloud ERP

  • Cloud ERP system is a Saas product.
  • Users require an internet connection to access the data stored in the cloud.
  • Users can access the data stored in the cloud from any location.
  • It can be accessed from any device and is mobile-friendly.

On-premise ERP

  • On-premise ERP solutions can be accessed only at the office’s physical location.
  • The devices used for data access are mostly computer systems fixed permanently in the office.
  • ERP system is deployed in the devices at the office.
  • The company owns the entire ERP software implemented in an office.

Hybrid ERP

  • A Hybrid ERP system is also called a two-tiered ERP system.
  • A company can access cloud ERP and on-premise ERP software to access data.
  • This is possibly the best solution for businesses.

The pandemic covid 19 had shaken the world globally. Businesses were affected vastly. Many companies rapidly began to adopt ERP systems which enabled employees to work remotely. After the effect of the covid 19 started declining, employees were asked to work in offices and some remotely, which helped the majority of companies to combat the downfall.

What does ERP do?

  • ERP software integrates business processes.
  • It works in real-time, especially in tracking supply chain processes or inventory data can give up-to-date results.
  • Data integration in a centralized system(all in one).
  • It can be deployed on three systems – On-premise, cloud or hybrid.
  • It helps the company to reduce operational costs and aids in being more productive and efficient.

What business functions can be optimized with ERP?

ERP solutions integrate and perform the core business functions with ease. Various business core business operations are conducted faster and more efficiently. Let’s learn about it in detail.

Finance

  • Modern ERP tracks all the latest compliances and notifies the executives regarding the same.
  • Accurate and up-to-date accounting details of the company can be maintained.
  • It provides access to real-time data. AI delivers business reports which help executives in making data-driven decisions.
  • Assists in securing confidential financial data.
  • With the help of all accounting reports, it will be easier for the executives to look for areas where they can cut costs to reduce wastage.

Commerce

  • An integrated ERP system is the solution for retailers selling products online.
  • A complete solution which integrates back office, in-store and digital experience.

Human Resources

  • Streamline data, including hiring, employee management, payroll and many more.
  • Track the performance of the employee and identify problems and rectify it.

Manufacturing

  • Automates the entire manufacturing process.
  • Improves business communication.
  • Real-time data helps in curating products based on customers’ demands.
  • Monitor and optimize product planning, product management, and cost management.

Supply Chain Management

  • Monitor and track inventory.
  • Cut costs and wastage.
  • Access to real-time data.
  • The latest supply chain solutions provide business intelligence, IoT and dashboards to manage inventory.

ERP solutions are crucial for business management. Get more insights before purchasing an ERP system. Deploying an ERP system is beneficial in many ways. As a business owner, you will understand when to deploy the right ERP system for your business. If your business fails to grow, it is time to upgrade to a new ERP system.

ERP has evolved so much that it’s easier to plug in many tools required for your business. Embedded tools like AI, chatbots, voice assistants, predictive analysis and many more are assisting companies in performing better. You can also get a customized ERP system required for your business. Any ERP software support team will give ample training for the users to make optimum use of the system.

Sage Software Solutions is a leading IT company with an array of advanced ERP Software solutions. Our proprietary products — Sage X3 and Sage 300 will help you cut your operational expenses, improve business productivity, increase operational efficiency, forge robust customer relationships, and strengthen association with vendors, suppliers, and distributors. So, if you are looking to reinforce your business fundamentals and emerge as an industry leader, then please schedule a call with one of our sales representatives.

ERP Reporting

A Successful ERP Reporting Strategy

As your business grows, so does the complexity of your data. An effective ERP reporting strategy can help you make sense of it all and make better decisions for your business.

Table Of Contents

A comprehensive and ultimate ERP reporting Strategy

Here’s what you need to know to develop a successful ERP reporting strategy:

  1. Define your goals
  2. Collect the right data
  3. Choose the right tools
  4. Automate your reports
  5. Get the right people involved

 

By following these steps, you can develop a successful reporting strategy that will help you make better decisions for your business.

The ERP software market per year is more than $25 Billion, which grows 10-20% every year globally.

Creating a future-proofed ERP reporting strategy

Most businesses rely on enterprise resource planning ERP software to manage their operations. This ERP software provides a central repository for all the real-time data generated by the various business processes. In order to make informed decisions, businesses need to be able to generate accurate reports from this real-time data. However, generating accurate reports can be a challenge, especially as businesses grow and change over time. This is why it is essential to have a well-thought-out reporting strategy in place.

Sometimes, technologies are deployed without considering the high-end results and hence it becomes complicated to maintain since new requirements are developed in an inflexible work architecture. If you have ever considered the reason then it is a shortage of a complete ERP reporting strategy that indicates governing, synchronising and integrating structure to business goals.

Key Elements of a Successful Reporting Strategy

An effective reporting strategy is a key to the success of any enterprise resource planning ERP software. The right strategy will help you get the most out of your investment by providing accurate and timely information that can be used to make informed decisions.
There are a few key elements that should be included in any successful reporting strategy:

Major Principles for Designing a Reporting Strategy

For companies to define reporting strategy, there are a few major principles to think of-

Truth version

Collect data from various sources and convert them into a single data platform. This would allow genuine performance throughout the common data elements set. However, common data platforms allow different hierarchies of equal data analysis to offer a basic yet practical understanding of reporting applications.

Accurate reporting

ERP reporting tools must have the reliability to carry out accurate queries while developing reports to review the analytical, management, and operational requirements. However, this will skip the consolidation of annual management reports and enhance accurate data delivery while making more time for the analysis of data.

Data consistency & governance

Support reporting and data governance standards, policies, and functions to place a regular baseline and data quality measurement along with reporting packages. Also, skip complex collection of metrics functions to generate on-time delivery and flexible performance measures.

Defined access and data architecture

Approaching common data factors/elements are required to have restrictions by security duties that make sure that users can get an accurate insight of the company data. Also, getting access to ad-hoc query tools should also have restrictions with a business requirement. 

Reliable architecture

The ERP reporting program and its concerned tools should be allowed by the architecture that will leverage users across the globe in the finance company with one of its kinds of reporting needs. It will enable the development of worldwide reporting as well as technology standards through various business units, locations, and countries that will avoid complex statements. 

Approx. 88% of organisations' ERP implementation helped them to succeed

How flexible is the ERP system for a business process?

erp system

Reading Time: 6 minutes

Summary: ERP systems are boon to both SMEs and large-scale industries. Its advanced features give optimum growth results to a company. A study says that ERP implementation led to business process improvement for 95% of businesses. Industries that implemented ERP systems found tremendous growth and seamless flow of business processes.

erp system

An Enterprise resource planning (ERP) system is an advanced automated software to manage a company’s core business processes. It integrates and balances the flow of data and streamlines business operations across the enterprise. ERP ties the business processes like financials, supply chain, operations, commerce, reporting, manufacturing and human resources in a single database.

In short, ERP monitors and controls day-to-day business activities. Understand that ERP software coordinates processes and stores information silos for anyone to access data without any hassle. Earlier manual labour was time-consuming and pricy. Just imagine waiting for consent to access data and delays in data transfer from one department to another. So now the updated version of the ERP system is faster and the executives can save time to engage themselves in value-added tasks.

Earlier ERP system was complex, installed in different business departments separately and was not linked to a common database. The business system at that time lacked a balanced flow of operations thereby delaying the process.

The unique aspect of the current ERP system is its ability to coordinate data to a single system. Based on the data attained from the ERP system, you can get better insights to predict your company’s future. Modern ERP systems are more flexible providing secure options to encrypt confidential data.

History of ERP SYSTEM

In 1990, ERP systems were introduced chiefly for manufacturing industries. There are a few concepts which emerged from ERP systems at that time such as Materials requirement planning in 1964, MRP II developed in 1983, and Economic order quantity(EOQ) developed by Ford W Harris in 1913.

Later Gartner Group coined the term ERP system to distinguish it from MRP in the 1990s. According to QAD.Inc, ERP system started introducing business intelligence at this time. Additionally, it was handling other business processes like Sales Force Automation(SFA), marketing automation and e-commerce. Initially, there were shortcomings in using an on-premise ERP system. The limitations included the heavy cost of implementation, long duration to implement, licensing and many more. So the vendors began developing cloud-based ERP systems using the Saas service. Saas ERP systems are comparatively cheaper and the user has to pay monthly subscriptions. The striking feature of this feature is that it can be customized based on industry-specific requirements suiting businesses of all sizes.

Types of ERP systems

There are three types of ERP Modules – On-premise ERP, Cloud ERP and Hybrid ERP

On-premise ERP software

  • Implemented on-site, in the physical office of an organization.
  • The company takes on full control, support and ownership after its implementation.

Cloud-based ERP software

  • It’s a web-based solution known as Software as a service (Saas).
  • This ERP is purchased and used subscription-wise.
  • An internet connection is required to access and store data. Data can be stored in repositories.
  • The software provider sends updates and provides flexible solutions/customizations based on users’ needs.

Hybrid ERP software

  • It’s a combination of On-premise ERP software and Cloud ERP software.
  • Organisations with an established on-premise ERP software opt to implement this type.
  • The benefit of implementing both is to reduce costs and quickly move to meet local needs.
  • It is also known as a two-tier ERP system.

Features of Enterprise resource planning software

  • Integrates the entire business operations to streamline information and processes across the entire organisation.
  • ERP features are beneficial for all the departments like HR, sales, logistics, manufacturing etc.
  • It has the ability to manage multiple projects simultaneously.
  • The more features the company adds to ERP, the more expensive it becomes.
  • ERP features are expansive.

<<<Also read: The vital role of ERP in Manufacturing Industry>>>

Benefits of an Enterprise Resource Planning (ERP) System

Enterprise resource planning (ERP) is implemented in the company to expand or reduce costs or to maintain the smooth flow of business operations. But there are more advantages to employing an ERP system in the company.

Boosts accuracy and productivity

  • Modern ERP system link all the major business processes. This promotes data accuracy and productivity.
  • As the processes are interconnected, the users can synchronise and work to get faster outcomes.

Improved business reporting

  • ERP system helps in real-time data recording. It also helps in making better decisions to eliminate risks.
  • Accurate data from multiple business departments aids to plan, budgeting, and forecast business decisions that help the shareholders to make precise decisions.

Increases Efficiency and seamless workflow

  • Data can be accessed quickly to present to the customers, vendors or business partners.
  • Employee and customer satisfaction will improve because of the quick response.
  • Most importantly unwanted expenses can be terminated.
  • It also improves the collaboration of the different departments.

Importance of ERP Software

Enterprise resource planning ERP system has vast significance across the industry.

  • A single system(interface) that coordinates all the business operations.
  • Users can interact with a single interface and share information.
  • Enable cross-functional collaboration which increases efficiency and productivity.
  • Helps in reducing operational costs.
  • ERP systems are modular design, flexible, open and centralized database.

ERP for Enterprise application

ERP is entirely for enterprise applications for both large and small businesses. For large-scale businesses, a dedicated team is needed to manage the deployment, customization and updates and to analyze data. Small businesses use lighter ERP business applications customized to the needs of their business type.

Most of the industry uses ERP systems because its more reliable, efficient and productive. At the same time, there is no alternative to this. A firm implements an ERP system to replace their out-of-date ERP software, homegrown ERP system, Accounting software, or had no ERP system and many other reasons.

Application of an ERP System for an organisation

ERP system has multiple benefits for an organisation. It’s crucial to know the specific areas where it is utilised or how it’s useful. In detail go through the following details.

Finance

The general ledger will be maintained digitally. Accounts payable and accounts receivable will be registered. So the executives will have an accurate record of all the company’s finances.

Record all the purchases

All the purchases done in the company can be automated and recorded. Request for quotes can be sent to the vendors from the ERP system.

Customer Relationship Management

CRM features are a significant component of an ERP system. Firstly, in the distributor’s site, the prospects can fill out the application. In the second step, the executive can collect customers’ information for future analysis.

Project Management

It’s a highly valuable feature of an ERP system. Any users will have the access to view the project status, billing information, expenses and client communications.

E-commerce

ERP tool modules aid in adding and updating products to the company’s e-commerce site. Other e-commerce tools like order information, stock management and others are also available.

 

What Industries can benefit from ERP?

ERP software can be used in any industry and for businesses of any size. It only helps industries to become efficient and productive. ERP software aids in managing and transferring information across an industry. They help to manage everyday business activities and help to combat the challenges and complexities that come with when running a company. ERP system help in managing projects, tracking compliance to guidelines and handling many other functions. Note that it is easy to acquire customized ERP features based on the type of your business.

Understand that ERP’s origin roots back to the industry, so it’s best suitable for the manufacturing industry. Some of the examples of Industry which the ERP is catering to are: Manufacturing, Automotive, Electronics and Technology, Food and beverage, health care and hospitality, garment industry and many more.

ERP software presently has started to support applications that support everyday business functions. Business functions such as Financial accounting, Management accounting, Human resources, manufacturing, order processing, supply chain management, project management, customer relationship management and data services are the functions that ERP modules support.

<<<Also read: Why ERP is important in 2022?>>>

Examples of ERP Software

There are a lot of ERP systems available in the market. It becomes confusing to choose the right one tailored for your company. Sage ERP is one of the leading software used for large, medium and small scaled industries. Sage X3 and Sage 300 are undoubtedly the best software in the market today.

Sage X3

Sage X3 is a fully integrated and comprehensive suite of features to manage all business functions. It is more flexible and agile in controlling and managing day-to-day business activities. Sage X3 can be tailored to suit your business requirements. It is a silo of carefully curated features to match different businesses. Financials and Accounting, inventory and warehouse management, purchasing, reporting and analytics, and CRM are some of the major features offered by Sage X3 to support your business. Add-on features are also more so that the clients can choose based on the requirements. Sage ERP providers will continue to support it even after its implementation. Sufficient training is also given to the employees interacting with the software.

ERP software implementation is a boon to the industry. It promotes better inter-departmental communications, reduces costs, faster task completion, better planning and data security. It can also be customized based on the requirements placed by the company. You should immediately implement ERP if your business isn’t growing or if you are not getting enough customers. Initially, the cost of implementing ERP will be expensive, but in the long run, it will help businesses to save a lot of money. Choose the right ERP and increase your profit margin, productivity and growth.

erp

Sage Software Solutions is a leading IT company with an array of advanced ERP Software solutions. Our proprietary products — Sage X3 and Sage 300 will help you cut your operational expenses, improve business productivity, increase operational efficiency, forge robust customer relationships, and strengthen association with vendors, suppliers, and distributors. So, if you are looking to reinforce your business fundamentals and emerge as an industry leader, then please schedule a call with one of our sales representatives.

Which Business Industry needs ERP Software the most?

ERP Business

Reading Time: 5 minutesSummary- ERP is being implemented by a number of industries across the world owing to its greater efficiency and productivity. While there exist a number of industries that highly rely on ERP Business functioning to streamline their business operations. Here, we will see the topmost industries that rely on ERP software. 

Which ERP Business Industry needs ERP Software the most?

There’s no one-size-fits-all answer to this question, as different industries have different ERP needs. Though, there are some specific industries that might offer great benefits from ERP implementation. Typically, industries that are more complex and have higher levels of regulation tend to benefit most from ERP. This is because ERP can help to streamline complex processes and ensure compliance with regulations. 

Some examples of industries that commonly benefit from ERP include manufacturing, healthcare, automotive, and financial services. If your industry is complex and regulated, chances are good that an ERP system could help you to run your business more effectively. 

ERP systems can help to automate and streamline business processes. It guarantees compliance with regulations while also enhancing scalability and efficiency. Additionally, ERP systems can provide a single source of truth for all data in the organization, which can help to improve decision-making. If your business could benefit from streamlined processes and better compliance, then an ERP system may be a good fit for you.

 

ERP for Healthcare

An ERP system can be a valuable tool for healthcare organizations, as it can help to manage and track patient information, finances, and resources. ERP software assists companies to automate a number of processes while also helping departments improve communications between them. However, deploying an ERP system at a healthcare company would undoubtedly enhance coordination and productivity. 

 

ERP for Hospitality

For hospitality businesses, an ERP system can help to streamline operations, improve communication between departments, and manage finances and resources. Also, ERP software can help to automate a number of processes that can enhance customer service as well as efficiency. 

 

ERP for Manufacturing

Manufacturing businesses face many of the same challenges as hospitality businesses, including coordination between departments, managing finances and resources, and automating processes. 

An ERP system can be especially helpful for manufacturing businesses, as it can help to improve coordination between departments, manage inventory and resources, and automate processes.

 

ERP for Supply chain management

ERP systems are also commonly used for the supply chain management. A supply chain is nothing but a group of companies engaged in the procedure of preparing and then delivering a product. 

An ERP system can help to manage and optimize the supply chain by tracking inventory, coordinating orders, and automating processes. ERP is one such thing that can assist in enhancing food accuracy as well as costs. 

 

ERP for F&B

ERP for F&B is used for managing the food and beverage industry. It helps to manage the inventory, track the orders and automate the processes. This helps the industry to improve efficiency and reduce costs.

Some of the features of ERP for F&B are-

– Inventory Management

– Order Tracking

– Process Automation

– Reporting and Analysis

 

ERP for Retail

ERP for retail helps to manage the inventory, track the orders and automate the processes. Some of the features of ERP for Retail are-

– Inventory Management

– Order Tracking

– Process Automation

– Reporting and Analysis

 

ERP for Oil & Gas

The oil and gas industry is one of the most complex and challenging industrial sectors. It is essential for companies in this sector to have an ERP system that can manage the complexity and handle the specific needs of the industry.

The best ERP for Oil & Gas features include-

– Process Automation

– Asset Management

– Material Management

– Reporting and Analysis

– HSEQ Compliance

– Project Management- Quality Control

– Quality Assurance

 

ERP for Real Estates

Real estate ERP systems are designed to manage the complex business processes of the real estate industry. They can automate workflow, track and manage property data, manage tenant and tenant relations, and more. Real estate ERP systems can handle the specific needs of the industry, including managing leases and rentals, tracking property values and taxes, and more.

Real estate ERP software features include:

– Property Management

– Tenant Management

– Lease Management

– Rental Management

– Property Valuation

– Property Tax Management

– Financial Management

– Marketing and CRM

– Reporting and Analytics

 

Latest Scenario of ERP in the market

ERP is becoming an essential business tool as companies aim to improve efficiency, reduce costs and improve customer service. However, ERP implementation projects can be costly and time-consuming, so it is important to select the right system and ensure that it is implemented effectively.

ERP is used by companies to manage their business processes, including accounting, manufacturing, sales, and marketing. It can help to automate these processes and improve communication between departments. ERP software embraces a wide range of functions and hence it is essential to choose the function which would be a good fit for your business. 

Once you have selected an ERP system, the next step is to plan the implementation project. This should involve all of the key stakeholders in the organization and should outline the specific goals that you hope to achieve with the system. The implementation process should be phased, with each phase focusing on specific goals.

One thing to remember is that the ERP software is utilized effectively post its implementation. This may involve training employees on how to use the system, setting up appropriate procedures, and tracking key performance indicators to ensure that the system is meeting your business goals.

 

Tips To Select the Best ERP for your industry

While selecting the best ERP for your industry, the following are some tips that need to be considered. 

  1. Understand your requirements : Defining and understanding your requirement is one of the first things you must do. Check what are some particular needs and goals and list down all the features you require and then start prioritizing them. You can now shorten your choices and select an apt system that would fit your business.
  1. Research well  : Once you know what you’re looking for, it’s time to do some research. Talk to other businesses in your industry and see what ERP systems they are using. Read online reviews and compare pricing. This will help you get a better idea of the different options available and make an informed decision.
  1. Consider your budget : ERP systems can vary widely in price, so it’s important to consider your budget when making a decision. Talk to your financial team and get an idea of what you can afford to spend. Then, compare pricing and choose the system that fits within your budget.
  1. Get a demo : Once you’ve chosen a few potential ERP systems, get in touch with the vendors and request a demo. This will give you a chance to see the system in action and make sure it meets your needs.
  2. Make a decision : After considering all of the factors, it’s time to make a decision. Choose the ERP system that you feel is the best fit for your business and start using it to improve your operations.

Sage Software Solutions is a leading IT company with an array of advanced ERP Software solutions. Our proprietary products — Sage X3 and Sage 300 will help you cut your operational expenses, improve business productivity, increase operational efficiency, forge robust customer relationships, and strengthen association with vendors, suppliers, and distributors. So, if you are looking to reinforce your business fundamentals and emerge as an industry leader, then please schedule a call with one of our sales representatives.

Home-sep22

Sage X3 - Business Management Software

A complete ERP software that transforms your business operations, processes and
human resources, allowing you to respond faster to dynamic customer demands

Enhance your distribution tracking and delivery model with Sage X3 ERP

Forecasting, inventory management, and maintaining efficient logistics processes are the three most significant advantages that distribution companies can achieve by implementing Sage X3 ERP software.. Moreover, it allows different business departments such as sales & marketing, finance & accounting, and customer care to collaborate better by facilitating critical information and sending regular updates.

Are you finding it challenging to manage narrow margins, long lead times, diverse product inventories, and unpredictable supplies?

Sage Software Solutions provides the best-quality business management software with in-built features to solve all your distribution challenges. Match your demand to stock levels. Improve mobility in the warehouse and at the customer’s place. See how many units you shipped last month, which warehouse made the highest profits, or which customer purchased the maximum number of products through our user-friendly dashboard.

Sage-ERP-ENHANCE YOUR DISTRIBUTION
sage-erp-IMPROVED SUPPLY CHAIN

Improve Supply Chain Management with Sage X3 Discrete Manufacturing ERP software

Sage X3 ERP provides three significant benefits to discrete manufacturing companies: gaining supply chain visibility, meeting regulatory norms, and streamlining operational efficiency.

Sage X3 is the leading business management software that provides real-time status of your inventory, processes, and finance irrespective of your location and time. Improve production control processes, optimize inventory management, and enhance order management through predictive analytics. Substantially improve your business processes and workflows by bettering cash flow and shortening payment cycles. Generate automatic audit trails that help meet regulatory requirements. Automatically reconcile inventory when you experience compliance issues, and product recalls.

Sage X3 is the leading business management software that provides real-time status of your inventory, processes, and finance irrespective of your location and time. Improve production control processes, optimize inventory management, and enhance order management through predictive analytics. Substantially improve your business processes and workflows by bettering cash flow and shortening payment cycles. Generate automatic audit trails that help meet regulatory requirements. Automatically reconcile inventory when you experience compliance issues, and product recalls.

Eliminate risks and reduce product recalls with the Sage X3 Process Manufacturing ERP software.

Process manufacturers often deal with challenges like low process visibility, rising costs, deteriorating infrastructure, and reduced lead times. Other challenges include environmental degradation and the constant need to maintain customer satisfaction. To overcome these challenges,  Sage X3 ERP would be the best choice! 

 

Sage X3 is the best business management software in India, helping companies launch a slew of products each year while remaining 100% compliant. You will never stay behind in the competition because of inefficient processes and rigid systems. Maintain strict control over cost by observing the availability of raw materials and labour, and cost competitiveness of materials. Also, monitor how much the manufacturing department is spending in a week, month, or year. Always comply with global rules and regulations and stay away from unwanted penalties and restrictions.

Business Management Software

Subscribe To Our Newsletter

STAY UPDATED

  • This field is for validation purposes and should be left unchanged.

Transform Your Business With Sage X3 ERP Software

Supercharge your
marketing efforts.

Use our business management software to grab customer attention and convert prospects into payable customers. Create highly targeted marketing campaigns. Increase online presence. Get high-quality leads. Differentiate yourself from competitors. Collect quality feedback. Improve your products and services.

Manage your supply
chain with ease.

Take full control of your supply chain with the best business management software in India. Prioritize buying of critical components. Forecast the vendor’s ability to supply material on time. Identify left-over inventory in the value chain. Keep track of spare parts. Estimate demands of the end-user. Receive up-to-date information from the shop floor on your mobile device.

Keep your finances
under control.

Sage Software Solution provides you a comprehensive picture of all your financial activities. Improve cost accounting. Predict market movement. Define company budgets. Eliminate paperwork. Manage invoices. File taxes on time. Generate financial reports and become compliant with global accounting standards.

Experience the power
of data at your fingertips.

Collect and analyze critical customer data with our business management solution and brainstorm future strategies. Understand your customers better. Devise unique customer profiles. Send personalized content. Identify profitable marketing channels. Execute full-funnel marketing strategy.

Get intelligent
insights.

Carry your business in your pocket. Assess risks. Get intelligent insights about changing customer preferences and market trends on the go. Access critical business data on mobile devices through user-friendly dashboards. Gain agility by streamlining processes remotely.

Build long-lasting customer relationships.

Sage Software provides market-leading business software solutions that will help you form unbreakable customer relationships. Find the right customer. Provide a personalized experience to your clients. Reduce cost to sales. Find numerous up-sell and cross-sell opportunities. Increase customer retention.

Our Clients

We have put in over a decade of experience to build tailored solutions for you.

Manage your financials, get industry-relevant data on your fingertips, build evergreen customer relationships, and handle supply chain & logistics with ease from a single dashboard.

Sage X3 ERP Software Capabilities

We would be more than happy to see you contribute to these numbers
#
ERP Software
0 +
Business Modules
0 +
Industries Served
0 +
Service Locations
0 +
Enterprise Customers

Frequently Asked Questions

Sage 300cloud has emerged as an industry-leading ERP software. With 360-degree cloud capabilities, you can store everything on a single platform accessible by authorized stakeholders only. The data is completely confidential and 100% secured from cyber attacks.
Another advantage is that your salespeople don’t have to visit the client’s place to collect critical documents. Instead, they can request the customer to send them over a secured cloud channel that automatically uploads it to the central repository.
Sage 300cloud provides unprecedented mobility by allowing you to run manufacturing processes and engage with customers from remote locations conveniently.

Sage X3 has been leading the ERP software market by integrating core business functions, such as manufacturing, finance & accounting, supply chain, sales and marketing, and building robust and long-lasting customer relationships. You can understand the pulse of your target segment by gaining intelligent insights that help brainstorm effective marketing strategies. Sage X3 enables you to automate all your business functions and become more agile. The best part is that it’s highly scalable and adapts according to your changing business needs. If you are looking for a software that unites disparate information systems, helps conduct all business operations from a central platform, and automates trivial jobs that wastes the time of your workforce, then Sage X3 is what you need.

Sage CRM simplifies the sales process, shortens sales cycles, and makes the most of every sales opportunity. Sage CRM helps its users create groups based on their marketing activities. Essential metrics like open rate, bounce rate, hard bounces, soft bounces can all be tracked through a single dashboard. Marketing teams can concentrate on leads requiring more attention and personalizing their campaigns by identifying specific groups sharing similar interests/ activities. Sage CRM software is for every business type and industry aiming for automated sales operations, like quotes and orders, sales forecasts, lead nurturing, and opportunity conversions.

ERP software will help businesses integrate their daily activities. Key decision makers can focus on streamlining the critical action items by connecting all the data points and providing precise business insights. Granular level insights help companies define their exact goals, identify business needs, and expand into new territories or markets. ERP software will help businesses operate at multiple locations in multiple languages with different currencies without juggling manually. The ERP software will let companies analyze and track various business units and subsidiaries through a single software.

We live in a data-driven age where everyone is connected to the online world through digital devices. People post millions of feedbacks and share thousands of product reviews every day. A business must understand customers’ needs, wants, desires, and ambitions and build fruitful customer relationships that stay for long. This is where CRM software will come to your rescue. You can segment your customers based on various parameters like geography, demography, psychography, and behavior. You can also automate the sales pipeline where the leads are sorted according to the predefined parameters. Moreover, AI-enabled chatbots collect customer details and provide instant answers to customer queries 24/7.

Yes, you will be able to integrate Sage ERP with other software as it supports various software integrations such as Pocket HRMS

Schedule Product Tour

Get in touch with our
Regional Sales Manager

Contact Us

  • This field is for validation purposes and should be left unchanged.

ERP System vs ERP Accounting Software

Erp system vs erp accounting

Reading Time: 4 minutesSummary- ERP systems as well as ERP accounting software are the most famous software that helps manage operations seamlessly. Considering their significance, it is important to understand the facts of ERP system vs ERP accounting software. These tools offer a number of benefits to their users and help make business operations accurate. 

quote

Businesses can use many different types of software to manage their operations, but two of the most popular options are ERP systems and ERP accounting software. These platforms provide huge advantages for varied companies. Also, ERP & accounting software share some common differences that need to be considered.

ERP systems are designed to provide a comprehensive view of all of the different processes and data within a company. This can make it easier for businesses to track their performance and identify areas where they can improve. On the other hand, enterprise resource planning ERP accounting software is totally focused on offering companies with the required tools to streamline financial operations. 

However, these measures can help develop advanced choices for all companies and can make it a better choice for businesses desiring to get a hold over the situation. It also makes sure that the mentioned factors can make improved business decisions.

What is ERP system ?

ERP is an acronym for enterprise resource planning which is a software that aids companies of all sizes to manage their business operations. The main aim of ERP system is the integration of various parts of the company into one single system. And these parts include financial, inventory, as well as customer interaction. Since every piece of information will be saved in a centralized database, it becomes quite easy to make informed decisions at once. ERP systems can be complex and costly, but they can offer significant benefits to businesses that use them.

ERP Accounting Software

ERP accounting software helps companies streamline their all accounts as well as finance-related functions. The software helps automate numerous financial processes while making it simple for companies to manage their money smartly.  

There are many different features that ERP accounting software can offer, but some of the most popular ones include:

One of the features is Financial reporting which helps companies develop financial reports including income statements and balance sheets. This can be extremely helpful in keeping track of a business’s finances.

The accounts receivable feature automates the functions of payment tracking and invoicing customers. With this, companies can keep precise track of the AR while also skipping late payments. 

The Accounts payable feature automates the process of paying bills and vendors. This can help businesses stay on top of their accounts payable and avoid late payments.

The Inventory management feature helps organizations track all stock levels and inventory levels. This can be extremely helpful in avoiding out-of-stock situations or overstocking inventory.

General ledger feature can help businesses track their financial transactions. This can be extremely helpful in preparing financial statements and keeping track of a business’s finances.

Varied Parameters for the ERP system vs ERP Accounting Software :

Varied Parameters for the ERP system vs ERP Accounting Software

1. Fetching real-time data 

In order to to keep sales figures up to date, it is mandatory to fetch real-time data. Also, it is important to get information on average sales margin as well as average orders every day. For SMEs, the pressure as well as pace to get required growth is much greater when compared to the previous performances. However, it is crucial to get an in-depth view of the business when required while the rest of the employees can also get precise data to make their work quick and accurate. 

With the help of an ERP system, your employees can get real-time data as and when needed while in the case of ERP accounting software, fetching of real-time data has a few limitations. 

2. Range of Software 

The scope or range of the software is one of the prime elements between ERP systems and accounting software. An ERP system has a number of operations to deal with as compared with accounting software. And accounting software will only deal with the finance operations of the business.

For instance, think of Quickbooks which works on a little unique database. The system can’t be connected to different real-time functions. In these cases, it is highly advisable to get a completely integrated ERP system. 

Once an accounting module is assembled in an ERP solution, it will manage the flow of cash while also reacting to real-time market trends seamlessly. 

3. Broad insight into business 

An ERP software includes a number of business operations and offers extensive insight into the health and performance of the organization. It includes a number of blocks that look after their respective activities. 

However, in the case of ERP accounting software, it is a just dedicated section looking after the finance/accounting department. Also, here the accounting software will only be limited to basic financial reporting and definitely not a real-time task. 

4. Industry-specific needs 

ERP accounting software has a very limited capacity to fulfil industry-specific requirements when compared to the ERP system. However, a lot of ERP solution providers have developed industry-specific solutions that are purely altered as per the market needs. For instance, if you belong to a manufacturing industry then the needs will be quite different than that of the retail industry. 

In the case of ERP accounting software, the chances for customizations are very limited. On the other hand, ERP software can easily be deployed and can be customized as per your industry requirements. 

5. Sales/CRM Capability

An enterprise resource planning solution offers higher flexibility along with sales management. It also offers order processing. The ERP solutions embrace a flawless CRM module that helps you fetch up-to-date information while also enabling get the previous communications. On the other hand, ERP accounting software does not offer these facilities. 

Down the Line

So. while selecting between ERP systems and ERP accounting software, it is quintessential to think of business requirements along with the desired results. If you want to get a better understanding of all of the different aspects of your business, then an ERP system may be a good choice. 

If you are primarily concerned with financial management, then ERP accounting software may be a better fit. Ultimately, the decision about which type of software to use should be based on what will work best for your business.

Why ERP is important in 2022?

ERP is important

Reading Time: 6 minutesSummary: A recent report by Allied Market Research reveals that the ERP market size will increase from USD 43.72 billion in 2020 to USD 117.09 billion by 2030. That’s an impressive growth of a CAGR of 10% from 2021 to 2030. Nonetheless, multiple companies might wonder why the ERP market is growing by leaps and bounds. They need to understand that ERP software is essential in helping businesses increase efficiency, cut operational costs, build an outperforming team, and create robust and evergreen customer relationships. In short, ERP is important because it provides a competitive edge that helps transform a company into a market leader.

ERP

Benefits of ERP software: A short overview

Here are a few points that describe how ERP systems help organizations across industries to achieve their business goals:

  • ERP is important because it stores critical information in a single platform allowing business stakeholders to access, create, edit, and share it with anyone, anytime, and through any device.
  • You can customize ERP systems for your business based on your current needs. For example, a food and beverage company can opt for a recipe module. On the other hand, a shipping company can integrate a supply chain management module.
  • Your company can save money by not purchasing modules you don’t need currently. It’s a good strategy for small and micro businesses that cannot afford to buy expensive business management solutions.
  • You can create advanced reports to check the vitals of your business. These reports will provide a 360° overview of your company, including monthly sales, number of new/retained customers in a month, number of machine breakdowns, and employee performance.

Why ERP is important?

ERP software can manage multiple business functions efficiently, but what distinguishes it from other solutions? The importance of ERP can be measured by its distinctive appeal to provide the best services at relatively affordable prices. The following list provides 8 reasons why ERP is important for your organization and why you should consider implementing it.

1. Better collaboration

One of the most significant benefits of ERP software is improved collaboration between different business departments. Usually, traditional companies have data silos, which are information repositories that can be accessed only by a particular department. The problem is that it restricts different teams from accessing information instantly. But an ERP system destroys data silos by bringing all information repositories to a single platform. The benefits include —

  • Department A doesn’t have to seek permission from department B before accessing critical data. 
  • A single source of truth reduces errors, decreases incorrect data, and eliminates data duplication.
  • A central database allows stakeholders to access information from anywhere, anytime, and through any connected device.
  • An ERP system ensures data is complete, accurate, and 100% safe from external threats.

2. Save your investments 

Business management solutions have reduced their prices lately, enabling multiple companies to implement them and take advantage. But, ERP software is still considered to be a big-ticket purchase. So, if you look at an ERP system from a cost perspective, it might not appear to be a cost-saving proposition. To understand the real power of ERP software, you need to come out of the initial sticker shock. 

Here’s how you can save money by implementing enterprise resource planning software in your business:

  • ERP software unifies multiple information systems eliminating the need to implement fragmented solutions. 
  • Your employees can access all the necessary tools to perform their jobs on one platform.
  • With enterprise resource planning (ERP), users don’t have to search for crucial information across multiple systems. They can draw valuable insights from data stored in a single integrated database.
  • ERP is important as it automates repetitive tasks. Therefore, users don’t have to take rigorous training sessions to operate the ERP software.
  • Your ERP vendor will take the update and maintain your ERP software. Therefore, you don’t need an IT team to do that.
<<<Also Read: ERP (Enterprise Resource Planning): Ultimate Guide 2022>>>

3. Enhance productivity

One of the most crucial benefits of Enterprise Resource Planning software is that it can perform tedious tasks. For example:

  • Processing orders
  • Monitoring inventory levels
  • Creating general ledger
  • Creating financial data models
  • Creating invoices and quotes
  • Helping with tax declarations and global compliances
  • Help with credit management and payment process
  • Packaging and labeling
  • Managing the sales workflow
  • Generating Bills of Materials (BoM)
  • Automatic data collection (ADC) with handhelds
  • Shop floor tracking
  • Material weight management during the production process
  • Product traceability
  • Allows changes only by authorized and verified stakeholders
  • Timesheet tracking

Companies can save massive costs by assigning the functions mentioned above to ERP software because by doing that:

  • Employees can instead focus on mission-critical tasks.
  • Human-induced errors will be eliminated.
  • Redundant tasks like data entry can be performed quickly.
  • Complex calculations can be done within seconds.

4. Comply with government rules 

Governments across the globe and international institutions are tightening the rules and companies that don’t adhere to them are finding them on the receiving end. The world is awakening to new information security, environmental, and human resource regulations and customers show higher levels of trust and loyalty to companies that care more about the environment around them.

If your company is operating in an industry that requires you to comply with numerous compliances, then ERP is important for you. Modern ERP systems are built keeping in mind you need to comply with government norms at every stage. In addition, they have built-in tools that take care of multiple tax provisions and document business critical things like recipes for the F&B industry or chemical potency and usage for the chemical industry. 

Moreover, ERP systems play a pivotal role in managing risk. They have an advanced financial management module that eliminates errors while generating accounting reports and maintaining the general ledger. Cutting-edge forecasting tools enable users to predict crucial events like labor, demand, and budget leading to better work scheduling, secure budgets, foolproof product development plans, and matching up with customer demands in the short and long term. 

5. Forging robust and strong customer relationships

Irrespective of your product line and the segment you are offering your services to, forging one-to-one customer relationships is the need of the hour. Today, in the digital age, your customers know more about your company than you do. And if you fail to provide what they want, they won’t hesitate to switch to your competitor. 

Moreover, do you know that 84% of customers trust the internet to search for what to wear, eat, and how to live their lives as much as they do their friends? 

One of the best ways to enhance customer satisfaction is by providing client-focused services and products. This is where ERP is important for your business as it has an integrated Customer Relationships Management (CRM) module that serves the following functions:

  • Recording multiple client requests simultaneously.
  • Responding to repetitive questions quickly.
  • Enabling client service employees to access client information from multiple databases.
  • Decoding changing customer preferences.
  • Generating and sharing invoices with customers instantly.
  • Automate messages, notifications, and recommendations to users.

Do you know: It’s 5 times more expensive to find new customers than to retain the existing ones. 

Moreover, CRM software also records other critical data points like billing information, order history, and past purchasing habits allowing decision makers to identify customers’ needs and wants and estimate what customers might want in the future. When you get access to critical customer details you can improve your sales strategy and improve lead generation. 

6. Improved analytics

Decision makers require reliable data, comprehensive reports, and analytics to understand changing market conditions and customer preferences. ERP is important because it collects crucial information from multiple sources and enables the upper management to gain valuable insights from that data. 

Here’s how ERP software helps:

  • Generate error-free complex reports within seconds.
  • Analyze employee performance in real time.
  • Set custom KPIs like income, profits, and expense statements to gain a comprehensive perspective.
  • You don’t require a highly qualified IT team to generate report and derive meaning out of them. The ERP software can do that quickly and efficiently.
  • Reports have varied access levels. So, only authorized users can view them.

7. Enhanced Inventory Management 

Is your inventory growing rapidly? How are you identifying the exact level of inventory you need? How are you tracking the real-time location of your finished products? This is why ERP is important because it uses RFID tags, barcoding, and serial numbers to track inventory at each stage of the supply chain. With such advanced tools, you can:

  • Identify which items are being transported from source to destination.
  • The quantity of raw materials across each warehouse.
  • Which finished items are on the shelves and ready to be picked up by consumers.

Increased warehouse visibility enables companies to optimize their supply chain performance — pick, pack, and ship — and removes the guesswork. Users can also configure KPIs to check:

  • Products that are moving fast showing greater demand.
  • Products that increase carrying cost.
  • Products that are selling slow.

ERP is important because it provides real-time data to warehouse managers enabling them to make precise business decisions.

8. Better shop floor management

Shop floor management upgrades production quality and efficiency. Today, with digitalization taking over each business aspect, identifying improvement potential across manufacturing operations is essential. And this is why ERP is important because it optimizes the entire shop floor operations giving more time to managers to focus on critical management tasks. 

Here are the benefits of implementing ERP software for shop floor management:

  • Automate BOM creation — Generate BOMs automatically. Eliminate the guesswork and make objective decisions. 
  • Eliminate errors — Acquire raw materials on time. Have the right materials on the shelf. Get accurate real-time reports of materials you have and those you need immediately.
  • Identify shop floor issues immediately — Identify assembly line challenges and identify the manufacturing process progress each day.