What is ERP?
Enterprise Resource Planning (ERP) is described as an "information system package that integrates information and information based processes within and across functional areas in an organization"
Traditional stand-alone applications were designed for specific customers, with limited functionality, and isolated from other applications. On the contrary, ERP is a business tool that integrates all the applications required by an organization as a whole, and connects the organization to other enterprises in a network form. It is usually compromised of several modules such as: a financial module, a distribution module, or a production module. Today, ERP have added new functions such as supply chain management, product data management, electronic commerce and warehouse management. Thus, ERP opens a window of opportunity for businesses to compete globally, respond to competitive pressures, and increase revenue.
⇒ERP Characteristics & Basic Operations:
ERP facilitates company-wide Integrated Information System covering all functional areas like Manufacturing, Selling and distribution, Payables, Receivables, Inventory, Accounts, Human resources, Purchases etc.
– ERP performs core business activities and increases customer service satisfaction.
– ERP facilitates information flow across different sections or departments of the organization.
– ERP bridges the gap between business partners allowing ongoing collaboration.
– ERP is a good solution for better project management.
– ERP is built as open system architecture, meaning it allows automatic introduction of the latest technologies such as: Electronic Fund Transfer (EFT), Electronic Data Interchange (EDI), Internet, Intranet, Video conferencing, E-Commerce etc.
– ERP not only addresses the current requirements of your company but also provides the opportunity of continually improving and refining your business processes.
– ERP provides business intelligence tools like Decision Support Systems (DSS), Executive Information System (EIS), Reporting, Data Mining and Early Warning Systems (Robots) for enabling you to make better decisions and thus improve your business processes.
– ERP tracks a wide range of events in an organization, and plans for future activities based on these events
ERP Modules
Common ERP modules support back- and front-office functions like finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management (CRM) procurement and workforce management. More functionally-rich solutions may also include professional services automation (service resource management), human resources management, ecommerce and marketing automation.
Advantages of custom ERP solutions
There are number of advantages of customized ERP over the packaged ERP solutions.
You Get What You Need
It meets all your business requirements. You can side away the unwanted features of this system, if you don't want them in your business process.
Low Maintenance
Custom ERP software is a least maintenance software.
Easy Implementation
Custom software can be easily implemented in modular format within an organization.
Better Adaptability
This system is based on your business strategies, so that you should not mold your business processes to fit in the ERP system.
Cost Effective
Customized ERP Software are more cost-effective since they are developed on a real need basis and with a fixed budget.
New Features
You can ask to design new feature whenever there is requirement.
Our ERP Software Development Expertise
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Financial Operations Control
Lexiscrypt realizes how to assemble all the data about the financial operations in a single spot in a solitary software solution . An ERP framework created by our organization would permit:
- Monitoring all orders.
- Gathering client related information.
- Tracking all the finance-related data within the enterprise
- Manage missed orders
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Inventory Management
Our custom inventory management system will assist you with the following:
- Fraud management and prevention
- Client segmentation and profiling
- Risk assessment
- Client feedback analysis
- Regulatory compliance management
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Human Resources
Modules for HRM within ERP business software allow HR managers to:
- Screen and gauge staff KPI viably.
- Gather and follow up on the information on recruiting, pensions plans.
- Coordinating effective employee training based on insights
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Supply Chain
Our ERP software development company builds custom supply chain management components that are incredible for:
- Improvement of your stock administration techniques from purchasing to payments and packing.
- Following the progression of merchandise.
- Providing real-time information about the stock of the products.
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Sales & CRM
A customer relationship management (CRM) system is an essential part of any ERP developed by Lexiscrypt. CRM systems assist you with the following:
- Smoothing the correspondence between the organization and its clients.
- Further developing the organization administrations.
- Enhancing customer support.
- Organizing timings of exercises.
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Analytics & Reporting
A global ERP system usually has complete reporting and controlling features empowered with business intelligence tools. BI frameworks inside ERP arrangements created by Lexiscrypt can:
- Produce convenient and complete reports.
- Perform overall control over the company’s business operations.
- Give significant envisioned data for strategic planning.