Top Benefits Of Implementing ERP Software In An Organization Or Business

What do you think ERP stands for & what is it? Well, I have an answer for you here just in another line read it go on:

Firstly, ERP stands for Enterprise Resource Planning which is Business Process Management software. That allows the industry to make use of a system of integrated apps to manage the business easily and to operate many functions which are related to technology, services, and human resources.

More precisely it refers to a system used by the organizations & industries to manage the daily business activities. Such as project management, accounting, & manufacturing, etc.

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In today’s date, ERP systems are very critical for managing businesses of all types and all types of industries. ERP software is mainly considered as the enterprise app in many organizations.

ERP software systems are designed with the defined schema that commonly contains a database. Today there are many organizations which implement ERP systems which are to replace all the older software because none of those systems now exist.

According to a study done by some reputed Software Company situated in Panorama it shows & indicates some reasons for organizations implementing ERP into their system:

  • It Replaces Accounting Software
  • It Replaces Outdated System
  • It Replaces non-ERP systems
  • It Replaces original not need company’s homegrown system

Let’s get some knowledge on Business Value of ERP which is one of the main points to consider in this article,

What value does ERP system software hold in the business today? Well, it’s totally impossible to ignore ERP in today’s world. One also gets business benefits by using ERP as their primary source of the system. Businesses can align different departments and improve their business workflow just by integrating the enterprise data and processes in the ERP systems result in large inline savings for the business.

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Take a Look on the benefits if you are integrating your system with the ERP:

  • Improved Workflow:

The interfaces are user-friendly which improves the workflow of all the processes and gets streamlined access. With this workflow, employees are able to acquire relevant information that is necessary for their job. ERP makes an Employee’s job easier which results in the increase in productivity.

  • Unified Queue of Processes:

ERP is used to integrate all the functions of the business into a blended platform. There are many numbered businesses out there which don’t store their Data at a single location or system & they are stuck due to this. Streamlining and Queuing the data in a centralized system means the access to the data is very easy. ERP provides greater efficiency with the business model.

  • Better Information Management:

ERP brought automation to business by enabling their employees across the organization to access the data which is shared without maintaining the record. This helps in data synchronization and generating synchronized reports. Well, the immediate access to the data is valuable to the employees and is very significant to make an important decision.

  • Accounting is Simple:

If the business is still having a manual accounting procedure then the business might suffer in their sales, finance, accounting, and HR. If they don’t have access to the data shared. Well if the business does not have an automated accounting system then it will take a lot of time and effort in reporting which can be easily reduced with the help of ERP. ERP can integrate & analyze the financial data which could result in employee productivity and also can reduce those delays which took place before ERP.

  • Transparency:

Data security is extremely important to ensure that strategic business information is accessed and processed by the right person. Well, if you are running a business then the all the information and data are essential business assets. Integrating ERP in your system you know that your data is safely maintained and only the authorized people can have access to the data. Also, the data does not need to be stored in different places it can be done from a centralized system. Well, that’s how the ERP is secure and balanced.

ERP Software Development Company

  • Better Customer Satisfaction:

If you have a Business running out there you must know the importance of customer satisfaction. Managing both the customers and your business is a hectic task to do.  Well if you are running a business who manage their details manually then it could get in you in trouble if someday your customer asks for product detailed report. To prevent that from happening you should integrate ERP in your system which comes in handy maintaining the up-to-date information & also it provides the user with a real-time data entry which a customer can efficiently deal with.

  • Easy Redundancies Elimination:

It’s a very common mistake people do when they are running a business. What they do to keep the data secure, they decentralize the data & that data becomes redundant which means while maintaining the data manually they create the copy of the same data twice which creates a problem at the end. But with the ERP integrated into the system the Data Redundancy Problem can be solved easily. Data Redundancy problem can be rectified with the use of ERP in the System.

  • High-End Security for Employees:

An ERP makes it robust for the staff to manage processes like making a stock entry, stock counts, order entry, shipping and receiving. You also don’t want your employee information should not be available to any software which is providing full access to the sensitive accounting information and other records. The ERP system enables you to restrict the employee accounts to only those that are relevant to their roles.

  • Integrated Approach:

ERP software integrates or adds up various processes that are essential for the businesses enterprise to run in a single database. Some of these processes include order management, human resources, customer relationship management (CRM). By adding all the processes in a single system ERP gives you a shared database which supports multiple functions across the enterprise.

So these are some benefits of Utilizing ERP into a Business Process.

Thoughts: 

ERP is software which helps a business enterprise to build and increase their productivity. ERP helps in centralizing the data into a single system. ERP helps in eliminating redundant data from the system. ERP Solutions helps business in many ways possible. ERP should be integrated into every business enterprise.

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Simplify ERP Development: Use The Right ERP Technologies

ERP (Enterprise resource planning) is an integrated system that includes the tasks performed by an organization in a uniform way. An ERP solution is an important business tool, for integrating different business functions in a single app.

ERP technologies have improved enterprises’ data security center performance. According to a survey by Statista, more than 94% of the firms have backed the above statement.

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Reasons Why Enterprises Prefers ERP Solutions

The role of IT in developing ERP is huge. Below we will discuss the list of ERP technologies that you require for developing an ERP system.

Before we move on to discuss the ERP application lists, we will also talk about some other things. To fully understand ERP technologies, we need to understand its type. In the blog below, we will cover all that.

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Types Of Enterprise Resource Planning Solutions Available

Client/server or Desktop ERP

A client/server ERP solutions run on an interconnected hub of computers. They connect via a local network or cloud server. It lets the developer host the database centrally and distributes services into all other locations. It is great for firms as they can monitor and manage resources in real-time.

Cloud/web-based ERP Solution

The cloud/ web-based ERP solution uses a SaaS-based cloud service to run the database and backend services. For accessing this ERP system, you require a simple browser on any device.

All the application hosted on the server like memory and so on is accessible by the user. The cost of installing this solution is low, and the turnover is quick.

Hybrid ERP

Hybrid ERP is a mix of both the desktop based and web-based ERP solutions. It has two versions- one is the desktop app and the other you can use via a web browser.

The backend of the web app is the server while for the desktop version; it’s the user’s machine. The database for both the version is the same. Similarly, both versions request access to data in a similar manner.

The choice between the ERP solutions for your enterprise is yours. But it is seen that most firms prefer the Hybrid ERP solution. The reasons behind this are:

  • Rapid/quick implementation
  • Easy and short maintenance cycle
  • Independence of the vendor.

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Hosting ERP On In-House Server Or Cloud- Which To Choose?

The choice of hosting server depends on the company’s policy and finances. But you also have to take some other things into consideration. Otherwise, a bad or inefficient choice can prove to be a disaster for your firm.

Most companies prefer two server- In-house server or Cloud server for their ERP technologies. Let’s discuss the pros and cons of both so that it makes your decision a bit easy.

In-House Server

Benefits

  • You can control your backup with In-house server.
  • Your data is not accessible to third-party
  • No requirement of the Internet for running various operations
  • It is cost-efficient, so it is great for small and medium-sized enterprises.

Drawbacks

  • Cost of installing the infrastructure and hardware is high
  • It requires huge storing space and skilled set of IT people.
  • Percent of losing data is high with In-House server.
  • There is no guarantee of data recovery.

Cloud Server

Cloud web-based ERP Solution

Benefits

  • It is best for small businesses that are capable of outgrowing their storage space capacity.
  • With a Cloud server, you have better security
  • With cloud-based technology, you can create an easy backup on any devices.
  • The backup takes little time which means there is less chance of losing the data.

Drawbacks

If due to any reason, you experience data loss. Then, recovering it using Cloud Server is costly.

Data recovery takes a lot of time

Cloud works on Ithe internet, and if both parties have no connectivity. Then, accessing data is going to be a problem.

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List Of ERP Technologies

Here are software development technologies lists for ERP system development.

ERP Database Systems and DBMS

ERP system developers have a long list of ERP database technologies that work pretty well for them. A database is an important part of the framework that stores data. A DBMS is a system that interacts with the users and lets them access the data. There are numerous databases in the market, but for ERP, these are best.

PostgreSQL

It is the most advanced ERP system database in the market. It is open-source that has the top spot in the ERP technologies list.  It is the best choice for ERP system development because:

  • It merges well with the rest of the ecosystem of the application.
  • You can easily integrate it into the software as it possesses high technology.
  • It has a diverse set of indexing technology, full-text speech and so on. All these are crucial for ERP software development.

MSSQL

The most popular ERP databases are Microsoft MSSQL. Some of the best features of MSSQL are:

  • Storing and retrieving data as and when requested by users.
  • It assists in enhancing the server’s performance.
  • The cost of installing this database is pretty low.
  • Most importantly, it has the best security features which make its developers first choice.

Oracle SQL

Oracle SQL is the new addition in the list of ERP technologies. It is a relational database which is preferred as it is capable of updating, storing and retrieving data at super speed whenever required.

  • It has a self-governed features aids system from failing.
  • In SQL, there is no need for the manual task as data storing is automate and accessing it is also easy.

List Of ERP Technologies For Backend Programming

There are numerous programming languages for back-end services. Let’s check them out:

.NET

.Net and ASP.NET are the best and favorite framework that developers include in their ERP technologies list. Many people question how to make ERP software in ASP.NET? The answer to this question lies below:

  • It requires less code and also developers can re-use them. It helps owners save time and money.
  • It has a rich set of features and tool for web and desktop app development.
  • It allows easy application integration with partners with the use of the Internet.

Java

Java too is best suited for desktop or web-based ERP solution or both simultaneously.  It is best suited for a system that needs both cloud and desktop computing.

  • The Java code for ERP can be reused for other business purposes. It is easy to code using Java. The benefits of using Java include:
  • Enhance UI for mobile/desktop app or software
  • It has proper data security. Even if you download resources from non-trusted websites, you will not harm your data.
  • It is flexible, efficient, and dynamic.

Ruby

Ruby is also a new addition in the list of ERP technologies. The reasons why developers prefer Ruby are:

  • Its self-hosting feature is capable of extending the modules and classes.
  • It is best for CRM development due to its quick integration with databases.
  • For web-based ERP application without the desktop version, it is the best backend choice.
  • Since Ruby is supported only by a big community it is harder to maintain. Also, there is a lack of Ruby developers in the market.

Python

For a great ERP system, you should use a simple, easy and open technology for everything. That is why Python ERP is a great choice as it is easy to read and use. Python creates byte-code for complex applications and provides regular monitoring of the same.

PHP

PHP ERP framework is worth mentioning because most applications of an Enterprise use PHP. Due to lack of better languages and PHP being the first server-side technology, developers used it extensively. But now all the other languages are better suited for your ERP system development. Thus, it’s better if you don’t use PHP.

List of ERP Technologies

Frontend Technologies

The list of ERP technologies for creating attractive interfaces is here. Let us take a look:

JavaScript

Together with HTML5 and CSS JavaScript is the best choice. The cloud-based ERP software that is designed for staff to use via browser or mobile app, use JavaScript.  To make it more accessible, use it with Node.JS as a side server.

AngularJS

If your backend uses Java or C# then AngularJS is your best choice. It will help you create a responsive web app that works smoothly across various browsers etc.

The framework is great if programmers want to boost the development process. With Angular, it is easy to access information whenever users have a query.

React

React is another great front-end technology that is great for ERP development due to its extensive capabilities.  It is easy to use as the codes made for websites are reusable for mobile apps too. React is great for both website and mobile app development, thus reducing the cost.

Vue.JS

For developing a user interface, the most popular framework is Vue.JS. With this, you can create a single page app similar to their desktop versions in every way.  It provides flexibility in writing the code, making it a great choice to implement mid-project.

Conclusion

The list of ERP technologies in regards to ERP databases, framework, Front and back-end services are endless. It makes choosing the right technology a bit difficult. Consider your business requirement, take into account ERP structure, server and type, the decision will be easy.

ERP Software Development

The Complete Guide To Build The Best ERP From Scratch

Currently, there are two options for ERP system development. When a firm hires a developer for creating an ERP (Enterprise resource planning) application, the developer has two choices.

  • Off-the-shelf ERP solutions: In this, the developer buys boxed solutions such as SAP. They are ready to use and doesn’t take much time.
  • Custom ERP application development: In this, the developer builds the ERP system from scratch. They develop the application keeping in mind the needs of the client and system.

An ERP system is a critical business tool that you will be using for various missions for a long time. And that is why it should be effective and suit your business requirement. But what if the available choices of ERP solutions don’t address your concerns? Or you want to complete ownership of the system? At such time, the pretty obvious solution is to create your own ERP software.

In this article, we will talk about how to build your own ERP system from scratch. You will get the answer to all the relevant questions like cost, technology and time duration needed for this here.

The total revenue generated by ERP software

The total revenue generated by ERP software.

How To Build An ERP From Scratch? – The Development Approach

If you want custom ERP software, you need to follow the development process. ERP is a repetitive process as the firm needs new modules often and according to their requirements. ERP development process is a step-by-step procedure that includes:

Define The Project Goal

Here the client tells the developer what is their goal behind investing in a custom ERP software development. The client and the IT department handling the development must find their footing for the project to complete.

Blueprint And Wireframing

A blueprint really helps with the smooth running of the whole process. That is why it should have all the crucial and minute details. The blueprint must have these details:

  • Data about the process of development
  • Timeframe allotted
  • Resource the developer will get for the development

The creators of the blueprint are every individual involved with the ERP system. It will include- developers, managers, IT leaders and sometimes the end user of the ERP.

How to build an ERP system from scratch

Wireframing will involve stating all the components that you need to involve in the ERP development procedure. It will help integrate the business operation and data with the software.

During wireframing, you also need to choose which type of custom ERP system solution you want. The available options are:

  • Client/Server ERP system: It will work on user’s computers locally while your networking hardware will store the database.
  • Web-based ERP system: It will run on the external web server. It is accessible from any device using any simple web browser

Knowing the type of system is crucial when you are defining how to build an ERP from scratch.

Technology

Now, it’s time for developers to gather the technology required for ERP mobile application development. It includes deciding which database, backend, front-end, and other technology to use. Here you will decide which platform and database you want to use. All this depends heavily on the stage of wireframing and blueprint.

Hosting the system

You can host your ERP either on local servers or cloud. The decision regarding hosing it depends on the financial and political aspect of the enterprise. The cloud is a better option because:

  • When you build an ERP, and host it on your local server, you will need maintenance staff. The same is not true for the cloud.
  • Using cloud means better data security
  • It is affordable especially for small/startup businesses as it doesn’t require additional equipment.
  • It is flexible as the enterprise’s customer base keeps growing, and the cloud is scalable.

Transferring the old database

Now that you are developing a new ERP system, you need to transfer the old database into this. The storing of the database should be in accordance with departments. It will involve the creation of tables which will have different components of the firm. Also, provide a link between the tables for organizing your information neatly.

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Implementing applications

Enterprises use a lot of canned applications which are crucial for a variety of operations. The developers either have to consolidate the legacy apps to the ERP development process or create new ones.

For creating a new application, you will need to write new codes. But you can use the components of the legacy apps for reconfiguring some parts. This step of the process needs a lot of work as developers have to retain massive pieces of software that the company needs. Other vintage software requires a great deal of re-configuring.

Also, talking about ERP system development, the developer’s major work is to create a UX/UI. They work with protocols to develop a presentation platform for the end-user of the ERP software.

Test and Review

Now, it’s time for the developer to test and review whether the system meets the said requirement or not. There are two ways to review this:

  • They can use specific data to test if the system meets the features and functionality specified in the blueprint.
  • The developers can also release the system to some people. They would use the ERP system as the end-user. It is a more comprehensive way to test your ERP system.

How to build an ERP system from scratch? – Best Technologies

To create your own ERP system, you will need software and database. Let’s see what choices we have.

Software

It includes developing application, interface systems, and software. Developers not only develop and implement new apps, but they also re-configure legacy apps. All this requires skilled developers who are fluent in coding and know about ERP web app development. They should have computing and tools knowledge related to custom ERP development.

List of popular software’s that you will need for ERP software development:

.Net– The .Net framework by Microsoft is quite popular when it comes to creating a powerful ERP from scratch.

Java– It is widely used by developers to build ERP software. It is because you can run it on a platform or operating system.

Python-For ERP web application development, Python is the best.

Database

The data of any enterprise is their biggest asset. To store it, they need a secure and reliable database. It is the job of the developer to find the best available database for the ERP system and the company’s data. It should be such that migrating data to ERP is easy too.

Here are some of the popular options:

MySQL: The most popular choice for an ERP system database is MySQL. It is open-source, reliable and has a big community. Also, it provides security, consistency, and availability of data anytime.

SQL: Oracle SQL is another robust and popular database.  It is cross-platform and can run on many environments.

Databases are critical to your ERP system development. Make sure you are aware of every available choice. Make the decision based on your requirements and the pros and cons of the database.

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How Long Does It Take To Implement An ERP System?

How long it takes to implement an ERP system is based on its modules and functionality.

  • For a small business, the timeframe is between 1-3 months,
  • For a medium-sized business, the timeframe is between 3-6 months and,
  • For an Enterprise, the timeframe is around one year or more.

Also, these factors influence the time and cost of an ERP system:

  • An ERP system releases frequently as a prototype will take more time. It will take time developing and implementing modules in such a system is a costly and long process.
  • A custom ERP system with complex functionality requires codes, data migration, and integration. All this increases the development time.

How much it costs to create your own ERP system?

The total expenditure of developing an ERP system depends on various factors like:

estimated budget of erp software

Cost of the features:

The number of features your ERP web application affects the cost. The features of the software depend on the number of users and their roles. If users are in large number, their role will increase which will require more features.

The team:

For ERP software development, you require a team. The ERP developers are either in-house or outsourced. The decision between the two is made after analyzing the tech skills of in-house developers.

If you choose to outsource, you have many options. You can choose for developers from different regions who have the skills and knowledge you require. The cost of outsourcing depends on the region:

  • If you outsource to developers in the USA, the rate will be $180 or more.
  • In Eastern Europe, the same quality app costs $45 per hour.
  • In India, the rate is, even more, less with the same quality.

With so many factors influencing the cost of ERP system development, telling actual cost is difficult. But the estimated price for the same is:

  • For Small Businesses – $25K-$50K
  • For Medium Businesses – $50K-$100K
  • For Enterprise – $300K-$500K

Note: Like every technology, ERP system too can become obsolete. That is why it is necessary that you keep updating it. Upgrading it will also increase the overall cost of ERP system development. The cost of updating and maintaining the ERP includes- hardware, software, and the upgrade.

A cost breakdown for ERP system development.

Conclusion

To create your own ERP system is a challenging task. But they are better than the off-the-shelf ERP system. They provide you with better features and are flexible. So, it is easy to add functionality to them later as and when needed. Investing in ERP system development from scratch is a great idea, and you should go for it.

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What other ERP trends would be include for the coming year and beyond?

In past few years, the ERP market has become popular among businesses providing enterprise-wide solutions. Such solutions have a variety of functionalities. They allow the ERP solutions to be integrated with business solutions. These solutions are scalable as per growing business requirement. ERP software development will witness a major shift. The market will evolve with wide changes made in pricing models along with deployment methods and vertical market adaptations. Advancement in technologies allows businesses to provide intuitive as well as user-friendly solutions to the clients. These solutions can be customized as per the inherent needs of the clients.

ERP development companies

Various cloud deployment models like SaaS is already creating buzz among various enterprises. The most popular pricing model among businesses right now is pay-as-per usage. The availability of ERP Cloud solutions from anywhere and anytime make them even more attractive.

We can expect a wide range of upcoming offerings from these ERP solutions. Let’s discuss the top emerging trends which are going to influence the growth of ERP market.

Firstly, the user-friendliness of any solution plays a key role in its success. The adoption of any solution by the users drives its sales. ERP vendors will now pay special attention in making the user-interface, intuitive and user-friendly. Easy-to-use ERP features and dashboard will influence the new generation users. It will lead to increased adoption of modern ERP solutions by these users.

Secondly, mobility enabled by these solutions will also play a key factor in their adoption. Access to business operations through mobile devices will allow users to be on top of the business. They can view and manage the back office as well as front office operations from anywhere and at any time. All this will be available to the users’ smartphones. Business managers and executives can now manage the important business operations, seamlessly. Mobile ERP will provide unmatched flexibility to the businesses. Mobile-first approach will become the key functionality of the modern ERP solutions. ERP development companies will have to adjust to the new reality of the market. With the increase in smartphone penetration in the market, these mobile ERP will certainly rise.

Thirdly, there is an increased demand for seamless integration of ERP solution across different applications and platforms. For example, integration of ERP with CRM will become automated and without hassles. It will offer a wide range of benefits to the businesses. They include businesses to access the real-time data as well as tracking orders of customers. Integration of ERP with existing applications will significantly reduce the software and hardware costs. Modern ERP solutions will bring down operational expenditure. This will drive their growth in the market.

Fourthly, the emergence of cloud-based ERP solutions will give tough competition to IT giants such as Oracle and SAP. The rise of SaaS will occur due to various benefits it offers. It includes automatic updates, increased security, patch management and universal accessibility. The increased demand for multiple version of ERP software will provide great momentum in their market growth. A Cloud ERP solution will offer various benefits and functionalities to small businesses. Businesses with budget constraints will benefit directly. This will allow these small businesses to utilize benefits of ERP solutions. All this will occur without a significant rise in IT spending.

Internet of Things has transformed various industries. It offers seamless network connectivity to different physical devices connected to the system. It allows the exchange of data between these devices over a specified network. It occurs without the requirement of human intervention.

At last, the increased adoption of IoT by the users along with ERP will open new avenues. It will make modern ERP solutions more intelligent, flexible and operate on a real-time basis. It will allow the businesses to gather, analyze and process the data from different devices. Using this, they can offer better solution and services to their customers. It will lead to the emergence of customer-centric approach and strategies among the businesses.

 

Conclusion

ERP solution market is going to evolve in the coming years. The above trends will hugely impact the market growth of ERP solutions. There will be small changes in the trends which will reflect in modern ERP solutions. There will be increased adoption of cloud-based ERP solutions. They will challenge prominent ERP systems such as Oracle ERP system. However, some are skeptical of these solutions due to recurring subscription cost. There are other issues, few of them are related to data privacy on the cloud. Mobility provided with these new solutions will allow the business manager to access data. They will be able to do it from anywhere, at any time. This will increase adoption of mobile ERP systems among various businesses.

Emerging technologies such as IoT will lead to evolved ERP solutions. There will be an increased integration of ERP solutions with the existing modules. It will help the businesses to bring down the cost of operations. This will lead to the emergence of more matured solutions.

All these developments will allow the ERP vendors to offer more customized solutions to wide range of businesses. These customized solutions will directly address the specific requirements of the businesses. Influence of these developments on the IT strategies of the businesses across the globe will be worthwhile to see.