Enterprise resource planning (ERP) refers to a type of software thatorganizations use to manage day-to-day business activities such as accounting,procurement, project management, risk management and compliance, andsupply chain operations. A complete ERP suite also includes enterpriseperformance management, software that helps plan, budget, predict, andreport on an organization’s financial results.ERP systems tie together a multitude of business processes and enable theflow of data between them. By collecting an organization’s shared transactionaldata from multiple sources, ERP systems eliminate data duplication andprovide data integrity with a single source of truth.Today, ERP systems are critical for managing thousands of businesses of allsizes and in all industries. To these companies, ERP is as indispensable as theelectricity that keeps the lights on.
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The Business Value of ERP
It’s impossible to ignore the impact of ERP in today’s business world. As enterprise data and processes are corralled into ERP systems, businesses can align separate departments and improve workflows, resulting in significant bottom-line savings. Examples of specific business benefits include:
- Improved business insight from real-time information generated by reports
- Lower operational costs through streamlined business processes and best practices
- Enhanced collaboration from users sharing data in contracts, requisitions, and purchase orders
- Improved efficiency through a common user experience across many business functions and well-defined business processes
- Consistent infrastructure from the back office to the front office, with all business activities having the same look and feel
- Higher user-adoption rates from a common user experience and design
- Reduced risk through improved data integrity and financial controls
- Lower management and operational costs through uniform and integrated systems
Account Management
Accounting software helps you record the flow of your
company’s money and examine your financial condition.
- Accounting software helps you track and organize your financial data, giving you an accurate, real-time look at your business’s finances.
- Features like the bank feed and automatic invoicing save you time by automating tedious accounting tasks.
- Some accounting systems have advanced features or add-ons like payroll, shipping inventory and project management that can streamline other aspects of your business.
- Managing your company’s finances can be difficult, which is why you need accounting software to help you track your money as it flows in and out of youraccounts.
- Quality programs have several timesaving options that reduce the time you spend entering data into the system. Depending on the program you have, accounting
- software can make tasks like invoicing your customers, recording the payments you receive, and following up on past-due receivables much easier and faster.
CRM (Customer Relationship Management)
It’s a platform that connects your different departments, from marketing to sales to customer service, and organizes their notes, activities, and metrics into one cohesive system. Every user has easy, direct access to the real-time client data they need. This not only allows for unparallelled coordination across teams and departments, but also makes it possible for businesses to provide their customers with something extra ordinary: personalize, one-to-one customer journeys. Compare that to the limited functionality of old analogue and legacy systems, and you have something with the ability to revolutionize the way you connect with customers. You can’t define CRM software without taking into consideration SaaS and cloud computing, both of which work together to allow CRM platforms to be available wherever a user has internet. Because of these technologies, cloud-based CRM software can grow and scale with your business, so every company, no matter the size, can benefit from a CRM-software based system.
Purchase Management
Purchase Management System is a tool for managing your day-to-day purchases. It is packed with all necessary features that are needed by any business, which has to buy raw material for manufacturing or finished good purchases for trading. Purchase Manager can enter supplier bills, reconcile withpurchase orders or goods receipts, bill charges could be allocated for computation of landed cost of items, integration with Inventory and Financial Accounting, Office / unit wise Report generation, Supplier enquiry flotation, Quotation collection and analysis and maintenance of history of rates quoted item wise supplier wise. System support multiple units for the same item, for e.g. Kgs. And Nos., Sq. Meters and Nos. System is compliant with tax regulations, for e.g. GST (which replaces VAT, ST, CST, Service Tax and so on).
Project Management
Project management software is software used for project planning, scheduling,resource allocation and change management. It allows project managers (PMs),stakeholders and users to control costs and manage budgeting, quality management and documentation and also may be used as an administration system. Project management software is also used for collaboration and communication between project stakeholders.
Inventory Management
Inventory management software consists of business applications that track, manage and organize product sales, material purchases and other production processes. Gone are the days of tracking inventory with pencil and paper. By using inventory management software, businesses reduce the time and efforts previously put into basic tracking, and instead focus on analyzing, finding and reducing inefficiencies in their model.
Maintenance Management
Computerized maintenance management system (CMMS), also known as computerized maintenance management information system (CMMIS), is a software package that maintains a computer database of information about an organization’s maintenance operations.This information is intended to help maintenance workers do their jobs more effectively (for example, determining which machines require maintenance and which storerooms contain the spare parts they need) and to help management make informed decisions (for example, calculating the cost of machine breakdown repair versus preventive maintenance for each machine, possibly leading to better allocation of resources).
CMMS data may also be used to verify regulatory compliance. To properly control the maintenance of a facility, information is required to analyze what is occurring. Manually this requires a tremendous amount of effort and time. A CMMS also allows for record keeping, to track completed and assigned tasks in a timely and cost-effective manner.In recognition of this, companies have started using CMMS extensively to better control and organize maintenance management. The different steps of implementing a CMMS plan have been described in the diagram.
Bid Management
Bid Management software is a combination of RFP response software, Bid tracking software, digital tender response software, price integration software as it automates the “Tender-to-commercial bid” process and brings together all your internal procedures and information related to pricing, bids, approvals, competition onto a single platform. And also have your business benefit with – better deal decisions, improved productivity of bid teams, and enhanced bid governance.Bid management involves the automated management of bidding for digital marketingcampaigns. Bid management tools, also called bid optimisation plat-forms, enable you to automate yourCPC (cost-per-click)bids for differ-entcampaigns.Today, the term “bid management” is also used to manage bids in the display ad market, with the development of real-time bidding. This automated man-agement is possible, thanks to algorithms defined by the marketing manager based on the set objectives and available resources.By using adigital analytics solutionwith a bid management tool, you can generate profits as well asbrand awareness
Production Management
Managing input costs, global competition, the fluctuating cost of raw materials, outsourced/extended supply chains, the availability of skilled labor – all are common challenges typical to the production environment. Paired with the increasing customer demand for innovative product offerings, competitive pricing and consistent quality, producers are under pressure to ensure effectiveoperations and production management in creating quality products.The volatility of the current business climate has forced the production environment to prioritize flexibility and customer fulfillment. The journey to world-class production performance calls for manufacturers to consider how their practices and processes need to change to support continuous product improvement and cost reductions.Technology, such as ERP (Enterprise Resource Planning), streamlines and integrates all the resources required to produce goods and services. With full visibility and control over operations, manufacturers can effectively manage and optimize these resources to meet customer-driven deadlines promptly, configure products to order, manage inventory more effectively and run the shop floor more efficiently.
NPDM (New Product Development Management)
We have created New Product Development Management Software that can significantly enhance your business. If you are using a new product development process now, we can dramatically improve your performance and profitability—you don’t have to change your process or your documents!If you are seeking assistance developing a new product development process, MindMattersSolutions can help! We have a team of New Product Development professionals with years of experience that can help you design a new product development process for your business.
HRM (Human Resource Management)
HR work is more complex and involved today than it ever has been. There’s so much that goes into the management of employee information, which is used for everything from recruiting and hiring to training, evaluations, and so much more. The importance and manpower behind these tasks make it critical for human resources professionals to have HR management software for more efficient management of HR information.This is why many companies are now use a HRMS (Human Resource Management System) —a combination of systems and processes that connect human resource management and information technology through HR software. A HRMS can be used in candidate recruiting, payroll management, leave approval, succession planning, attendance tracking, career progression, performance reviews, and the overall maintenance of employee information within an organization.
E-Commerce Aggregator
E-Commerce Aggregator is the coordination between a company’s eCommerce site and back-end accounting and inventory (ERP) system. Proper integration enables the flow of information bidirectionally between the two systems meaning data only needs to be entered into the system once. Many businesses choose to fully integrate both systems as it means inventory and pricing information is available to customers and staff in real-time.Very importantly,as demand increases the need for additional staff to handle transactions is minimised.Integrating your eCommerce sales channels with your ERP system allows you to operate more efficiently as a business in several key ways.Your main types of data – order, inventory, item, customer and shipping/tracking – are communicated between your once independent systems.
Quality Control
Quality Control is the set of procedures used by organizations to ensure that a software product will meet its quality goals at the best value to the customer, and to continually improve the organization’s ability to produce software products in the future.Software quality control refers to specified functional requirements as well as non-functional requirements such as supportability, performance and usability.It also refers to the ability for software to perform well in unforeseeable scenarios and to keep a relatively low defect rate.These specified procedures and outlined requirements lead to the idea of Verification and Validation and software testing.
It is distinct from software quality assurance which encompasses processes andstandards for ongoing maintenance of high quality of products, e.g. software deliverables, documentation and processes – avoiding defects. Whereas software quality control is a validation of artifacts compliance against established criteria – finding defects.
AMC Management
Annual Maintenance Contract(AMC) is one of the most effective and innovative online and web-based Service Contract management system. It provides the seamless usability to manage all your AMC (Companies, Customers, Contracts, Complains) under one system. The process is designed in such a way that the operational time is much less than other systems.
- Manage service contracts
- Automatically schedule Call
- Contract Inventory Setup
- Contract Quick Renewal Alerts
- Contract wise services call report
Point Of Sale Software
Reimagine retail management with LERP Suite, an end-to-end solution withuser experience-oriented Point of Sale, Efficient Store Management Back Office,and a robust “ERP-like” Head Office with Master Data Management, CustomerRelationship Management (CRM), Merchandise Solution, Inventory Manage-ment, Financial Accounting and Retail Analytics.
Intellect Commerce’s LERP Suite enables you with :
- Seamless selling experience with an advanced Point-of-Sale solution
- Digi-Vantage framework for a trigger response supply chain
- Centralised Management Console for anytime-anywhere management
- 4M support with multiple currencies, languages, tender, multiple units of measure-ments, for hassle-free billing
- Smart tools for seamless integration, scalability and lower TCO
- 9 by 9 customer engagement dimensions for above-average margins
- Intelligent reporting framework to derive relevant business insights
- Precision controls for a secured form of business
Social ERP
LastingERP is a 21st century, user-friendly social media-type platform. It is embedded into SYSPRO ERP and designed to streamline business processes and improve communication channels, to create a productive and satisfying working environment. It encourages users to engage with LastingERP through acontemporary interface that’s easy to use, familiar and personalized – one that fosters a new and more collaborative way of working.With Lasting(Social ERP),accounts can collaborate with purchasing; logistics with supply chain; manufacturing with product design; finance with PR; sales with marketing; head office with branches; anytime, anywhere in the world.In fact, with Lasting, there are no boundaries to collaboration.By simplify-ing messaging in Lasting, you are creating conversations and collaborating withother areas of your organization, allowing you to quickly and effectively achieve your work by Lasting events or data to relevant people, and ultimately to your organizations’ beat. New ideas can be generated, new best practices devised and greater results achieved.
It stands for social enterprise resource planning. Social ERP systems are very different from traditional ERP systems. Integrating an ERP software with social media tools like Twitter, LinkedIn and Facebook are known as Social ERP system.Social media has a tremendous capability for increasing employee productivityand improving communication among partners, consumers, and employees.Basically, Social ERP applications mirror the functionality of online socialnetworking tools. Their integration will use social web tools to assist customers,employees, vendors, and partners to work with each other in order to create