ERP Software Solutions: Everything You Need To Know About It

ERP is an acronym of enterprise resource planning solutions, and in India it has let the best impact on the different areas of business. Online business has the different parameters of profits and growing business. ERP is a great option in building an effective human resource along with the strategic alignment and finance management. Besides this it also takes care of the incoming and outgoing data, and hence, it is very easy to manage your business with this solution and avoid any implementation of integrated system.

What makes the Enterprise resource planning solutions out of the box is that you can create accounts on the production plans, by enumerating the basic factors like material availability, stock requirement, and order positions. Further it helps in assisting all the management plans and giving way to the urgent requirements and ad-hoc needs, which is an important section in any firm. Moreover, ERP solutions has given a new direction to working methodology of stake holders, whether they are at the root level, top management, supervisors, or senior managers. Thus, with this solution people have reported that a great improvements in many areas, such as productivity, efficiency, production, finance, accounts and other areas.

You can ERP solutions in all kinds of firms, be it a small scale industry or a large scale industry. It is a complete solution that covers up all everything, right from the customization to everything you need to run a company. If you happen to find any dissatisfaction to the services of the company, then you can also have access to report dissatisfaction complaints. You can also find details such as tax, excise, sales, purchase, and inventory etc. When it comes to the security it is one of the best services ever found. Thus, you can choose ERP solutions if you want to have wonderful benefits and immense productivity.

Features

•One of the great features of ERP software solutions is that it manages the list of both vendors and customers.
•It provides the precise financial administration
•It directs to human resource management. It stands exclusive in managing with human resource, like employees, legal reporting and a few other sections.
•Demand and supply is monitored well and you get to frame the entire design and fulfillment of the customers.
•Strengthens the customer relationship management- as customers are the most important segment of any business, so ERP solutions establish a strong customer database.
•ERP solutions skillfully handle data management and give you the permission of accessing the website whenever you require.

Software Modules

– Finance Modules: Finance modules help you to monitor all the financial activities in your firm. It records all the transactions made.

– Inventory management Module: It manages the gestures of inventory department for example delivery of goods, rejection and acceptance, and classifying materials.

– Manufacturing Module: records all details of manufacturing affairs

– Marketing Module: comprehends the marketing tasks.

– Sales and purchase Module: It handles it sales and purchase tasks such as order shipping, sales returns, production planning and inventory control.

Retail Market: Thrust in Software Solutions

Here is a list of various retail management software used in different departments of retail industry to enhance the performance and profitability of stores.

  • ERP Software-as-a-Service (SaaS)
  • Point Of Sale (POS) Solutions
  • Inventory Management & Control
  • Supply Chain Management
  • Reports On Performance
  • Customer Solutions
  • Accounting & Financial Management
  • Mobility Solutions
  • Social Networking
  • Business Analytics
  • Affiliate Marketing

Cloud solutions & Software-as-a-Service (SaaS)

E-tail and retail companies gets cloud support by leveraging the powerful ERP solutions. Retail operations can be managed online using a centralized database without making investments in infrastructure like server, firewall, licensing, anti-virus, etc. This software is easier to install and provides a number of benefits which include offline storage support (without an internet connection), push notifications, and supports multiple mobile platforms like iOS, Android, etc.

Point of Sale (POS)

POS software solution helps retailers to face some of the difficult challenges of retail market. A right POS software provides better shopping experience, improves productivity and drives sales of customers. Point of sale includes payments, cash management, security control, and employee management.

Inventory Management & Control

Retail business is supported by a robust inventory management and control software offering multiple channel and multiple location support. This software is flexible and can manage orders, billing, pricing, shipping and sales. You also get SMS alerts if a specific order level for each item is reached and also helps you to track the goods in various warehouses or locations.

Supply Chain Management

Supply chain solutions involves shipping products and services much faster, with better quality. The various components of supply chain management solutions are warehouse management, inventory management & control, wireless tracking, and point of sale solutions. Retailers can manage orders and stocks efficiently and can also make the supply channel very effectively.

Reports

Retailers can generate reports and analyze performance of stores, departments, customers, employees, stock, sales and products using the Reports software, which also helps retailers to maximize their efficiency and profits.

CRM Solutions

Customer Relationship Management (CRM) software allows retailers to capitalize on customers’ database and their history of transactions across sales channels and meet the challenges in retail market. CRM strategies provides a 360 degree view of customers and makes retail marketing solutions easy. It paves way for long-lasting and enduring customer relationships and is surely a loyalty addition for retailers and support them through some aggressive marketing campaigns and promotions at point of sale.

Accounting & Financial Management

All the accounting and financial needs of stores can be successfully managed, controlled and made easier with Accounting & Financial Management software. This includes bank accounts, inventory, vendor, billing; employees and payroll management which help retail companies to make some quick decision-making.

Web Store

Retailers can integrate eCommerce features to host their existing site adding online shopping, payment gateways, multiple language and currency options which are cost-effective and provides intuitive shopping experience to customers.

Mobility solutions

Retailers can harness the power of mobile technology on POS solutions to service customers anywhere, anytime – on the go. Mobile POS makes customer interactions engaging and they can get up to date product and store information by integrating GPS in smartphones and tablets. This helps retailers to provide high quality customer service, improve efficiency and increase profitability.

Analytics

With Analytics, business data can be transformed into meaningful information and enables retailers to take informed decisions and also gain a competitive edge over their rivals. Analytics software doesn’t need higher investments from retailers. It helps retailers to customize Analytics features thereby increase their sales volume, which will in turn increase their profitability and provide better ROI.

Affiliate Marketing

Retailers can create email marketing campaigns, search-engine optimization and affiliate marketing strategies which will increase revenues, reduce costs and improve ROI in real time basis. Discounts, deals, promotions, coupons, volume pricing and customer-specific discounts will drive sales exponentially and promote customer loyalty.

Optimize Your Shipping Management With Software Solutions

Any company that has to deal with shipping can attest to what a nightmare it is to have something not arrive to a customer destination when it’s suppose to. Worse still is having no idea why it did not get there. To be safe, many companies simply use the bigger shipping corporations like Fed-Ex and UPS, but others try using smaller providers to save a little money or because the larger corporations will not handle what they have to transport. Regardless of your reasons for wanting to handle shipping yourself, you need to make sure you can do that. The best way is to get software that will help you to stay organized and lessen the chance of making any mistakes.

FedEx shipping software is great because it allows logistics officers to keep track of millions of packages each year so that they are never put in a situation where they do not know where something is. Your company may not handle millions of packages like global mega-corporations will, but you still need to make sure that you operate at the same level of reliability. These companies handle millions of items each and every year but they make few mistakes thanks to FedEx and other multi-parcel shipping software systems that are paramount for success. These same tools will also be paramount for the success of any smaller company smart enough to make use of them. Making mistakes in shipping is the most frustrating thing for a customer to have to deal with. The most successful banks, the most successful cell phone companies, the most successful computer companies are not the best because they have the cheapest prices. They are the best because people they give the best service to their customers who are willing to pay a little extra for the products and services to make sure that their demands and needs are met.

Along with having great software it would be smart if you also have great shipping management. Sooner or later you will need to have someone watching over the entire operation, especially if you are shipping out larger products. Shipping management double checks the software, the personnel, inventory, and everything else to make sure that the entire operation runs smoothly. They rely on the software just as much as the software relies on them to make sure everything is done properly. A company that struggles with its shipping can not succeed no matter how cheap or great their products and services may be. It is vital to the success of any company that you make sure your customers are happy and the easiest way to do that is by making sure they get what they ordered.