In every company’s growth journey there comes a point where google docs, excel sheets, filing and other are not able to fulfill the demands of the business operations. Traditional methods of organizing, planning and managing a business become redundant and the business requires something advanced that can match the scale at which the business is operating. This is exactly where ERP or Enterprise Resource Planning Softwares come in.
An Enterprise Resource Planning (ERP) software is a type of business management software that helps businesses manage and integrate various functions and processes, such as sales, procurement, accounting, human resources, supply chain management, customer relationship management and others within one platform. This helps all different processes and departments to work in unison towards the goals of the organization. Traditional business management can cause processes to work in silos without any coordination with others, hence making the processes and efforts ineffective.
ERP systems are typically implemented by large organizations and are often made up of multiple modules that can be customized to meet the specific needs of the business. ERP systems can be deployed on-premises or accessed via the cloud, and they can be accessed by employees, customers, and partners via a web browser. These softwares are designed to help businesses operate more efficiently and effectively by providing a single, centralized system for managing and integrating various business functions and processes. They can also help businesses make better decisions by providing real-time data and analytics.
There are several ways in which investing in an ERP can bring about great benefits and returns for an organization, such as:
ERP software can streamline business processes and eliminate the need for manual data entry and other manual tasks, allowing employees to focus on more important tasks.
Real-time data and analytics through ERP systems allows businesses to make informed decisions based on accurate and up-to-date information.
A well designed ERP can enhance collaboration among internal stakeholders by bringing different teams and departments together, allowing them to share data and collaborate more effectively.
An effective ERP system can prove to be a great asset by helping businesses manage customer relationships more effectively and deliver better customer service.
ERP can help businesses automate processes and eliminate manual tasks, which can reduce labor costs and improve efficiency.
Overall, ERP software can help businesses operate more efficiently and effectively, enabling them to better manage their resources and improve their bottom line.
The problem with existing ERP Software's is that most of them have general features and functionalities which could help businesses manage areas that are common among most organizations. While many ERP softwares do allow addons and customization, however, none of them can truly meet exactly what your organization needs. Every organization is different, and so every organization works in a different manner and has different needs and requirements which are unique to only one organization. How can generic ERP software's meet such unique needs? They can’t, but does that mean that ERP is not for your organization?
If your organization is such that regular ERP Systems don’t fulfill the true requirements of your business then the right option is to build an ERP System tailor-made to suit your business and its processes. However, building your own ERP system can be a complex and time-consuming process, and it is typically not recommended for most organizations as it requires a lot of expertise and additional resources. ERP systems are designed to be comprehensive and integrated solutions that manage various business functions and processes, and building one from scratch can be a very challenging task.
That being said, building your own ERP system can provide great benefits to your organization such as:
Building your own ERP software allows you to tailor the system to the specific needs of your organization. You can choose which features and functions to include, and you can design the system to fit your organization's unique workflow and processes.
By building your own ERP software, you have complete control over the development and implementation of the system. This can be particularly useful if you have specific requirements that are not met by off-the-shelf solutions.
Building your own ERP software allows you to integrate the system with other systems, 3rd party apps & integrations and other applications that your organization uses, such as CRM or supply chain management systems.
In some cases, building your own ERP software may be more cost-effective than purchasing an off-the-shelf software. However, this is not always the case, hiring an expert agency with prior experience in building ERP Systems can help in bringing down development costs and time rather than developing one in-house.m.
Overall, building your own ERP software can be greatly beneficial for your organization by allowing you to tailor the system to your organization's specific needs and requirements. Contritely, it can be a complex and time-consuming process, and it is not recommended for most organizations to build it themselves. However, if you wish to enhance your business processes by building a custom ERP Software for your organization then it is recommended that you avail the assistance of experienced experts such as Zignuts.
ERPs consist of features for managing financial transactions such as accounts payable, accounts receivable, and general ledger. It may also include budgeting and forecasting tools to help businesses plan for the future.
An ERP can help you in managing the flow of goods and materials, including procurement, production planning, inventory management and shipping. It may also include tools for tracking supplier performance and managing relationships with suppliers.
This includes features for managing employee data, payroll, benefits, and performance evaluations. It may also include tools for tracking employee attendance, managing employee training, and automating HR processes.
Manage and streamline your manufacturing process, including materials sourcing, allocation and managing, production planning & scheduling, and quality control. It may also include tools for tracking production costs and analyzing production efficiency.
This includes features for managing customer data and interactions, including sales, marketing, and customer service. It may also include tools for tracking customer interactions and managing customer support inquiries.
An ERP is a great tool for managing projects which includes task assignments, resource planning, and project tracking. It may also include tools for tracking project progress and identifying potential issues and areas for improvement.
In-built ERP features can help businesses with valuable information through reports and critical data. This enables businesses to make informed decisions based on accurate and up-to-date information. It may also include tools for visualizing data and creating dashboards.
Overall, the specific features of an ERP software will depend on the needs of the business and the capabilities of the software. Some ERP software packages may include all of the features listed above, while others may focus on specific areas such as financial management or CRM.
Identify your business needs: Determine which business functions and processes you want to include in your ERP system and how you want them to be integrated.
Assess your team's skills, budget, and time constraints to determine if building an ERP system is feasible.
Select a development platform that will be used to build your ERP system. Options may include a custom-built platform or a pre-existing platform such as Microsoft Dynamics or Oracle.
Design and build the various modules and components of your ERP system, including modules for accounting, human resources, supply chain management, and customer relationship management.
Thoroughly test your ERP system to ensure that it is functioning correctly and address any issues that arise.
Once your ERP system is complete, implement it within your organization and train your employees on how to use it.
Building an ERP system is a colossal task and businesses often possess the resources and expertise required to build one. However, even if you don’t have the required resources and expertise, you can still build your own ERP by collaborating with a technology partner. We Zinguts are one such technology partner you can rely on. Want to build an ERP or any other custom software or application? Get in touch for a free consultation and we will help you identify the best approach and technology.
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