Wednesday, August 24, 2011

ERP for trading business

An effective ERP solution for your Trading and Distribution business

eresource ERP system is a leading web-based enterprise solution for all your trading business. This ERP package consists of integrated business application with better decision making-tools. eresource ERP system provides an end-to-end solution that organizes and controls every aspect of business from order management, operations, supply-chain and logistics, to documentation, accounting and business intelligence reporting.

Our system enables your back-office to work more effectively, helps improve customer service, empowers your sales team to monitor trends, and manage true order profitability. All while providing the best financial control that you can expect from a web-based application.

It enables you to adapt best business practices as well as leading computing technologies accepted by the industry. It comprehensively covers customer management, supply chain and business accounting for small, medium and large trading enterprises. It creates greater room to grow your business rather than just manage it.

eresource ERP system enables predictable business performance by enabling actionable information to every decision maker in the enterprise. Our technology offers an unprecedented range of monitoring, trending, forecasting, reporting, and analyzing capabilities within a single architecture to allow everyone to make better business decisions every day, and drive business performance goals.

eresource Trading ERP systems consists of Sales (Order Processing, Invoicing, Accounts Receivable), Purchase (Order Processing, Invoicing, Accounts Payable), Inventory (Goods Receipt, Warehouse Movement, Dispatch) and Excise for Traders Financial Accounting etc. eresource ERP has empowered many customers across the world by providing excellence, building and delivering enterprise solutions. Primary objective of eresource ERP is to provide organization with the strategic insight, instill the ability to differentiate; increase productivity and give required flexibility to achieve success.

Advantages of Web-based eresource ERP system

Access your business Anytime, Anywhere
Working on a Web-based ERP system like eresource will give you the freedom and flexibility to manage your enterprise from anywhere. With eresource ERP it is possible for you to work from office, home or while travelling. It enables share your business information with colleagues even without having to send files back and forth. An advantage indeed!

Manage Your Business More Effectively
eresource ERP allows users to access modules based on the access permission granted to them. Even the contractors, customers and suppliers can access their respective information through the permitted modules. All the events clicked by any user are recorded in the activity log section, which makes sure that everyone is accountable and every transaction is traceable.

It is affordable, easy to use and quick to implement
With eresource, you and your employees can access this business application with just a computer and an Internet connection. Simply put it, you have the flexibility to manage and access your company's information from anywhere and at any time.

For more information kindly visit: http://www.eresourceerp.com/ERP-for-trading-business.html
Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra, Tel: +91 22 25827692/+91 22 25828775/+91 22 65130234

Key ERP modules at a glance

An ERP software consists of many modules with each (http://www.erppandit.com/Key-ERP-modules-at-a-glance.html) module is integrated with the major functional area of an organization. In normal procedure, each module is designed to interact with each other with easy accessing of information concerning a particular branch, section or department. ERP modules are tightly protected with efficient security system and the staff is trained to handle the system effectively during the training session by the consultants.

The following are some important modules that being included in major ERP packages.

Finance Module

The financial activities of an organization by the finance department are recorded using various user interfaces and these interface screens related to the finance department are grouped into a single menu option and these set of options are called the finance module.

Financial module of an ERP system is used to record day to day transactions like receiving payments Customers, payments to vendors by raising cheques or through cash and journal entries. Over and above financial module records the data during


Creation of a Customer Account
Creating of a Vendor Account
Creating a Bank Account.
Creating a General Ledger Account
Enhancing Chart of Accounts (when major changes to be made for preparing the financial statements).
Financial application components of an ERP solution work hand-in-hand to improve the bottom-line. This is true because the financial functionality is tightly integrated across all business areas and all geographic areas. This tight integration includes all the other different modules, from materials management to human resource to logistics.

The financial module of ERP also provides financial functionality and analysis support to lot of medium and large scale enterprises in Indian and abroad.

Manufacturing Module

This module is used to record data related to the manufacturing department of the organization. Data is recorded in this module when Bill of Materials, Work Orders and WIP receipts are to be created for work orders.

In modern manufacturing operations, information starts at the top and the bottom simultaneously. Data originates at the machines, the process and the workers. It indicates what is being made, how and where, when it will be done, and why it won't be on time.

ERP allows companies to balance customer demands impacted by multiple interrelated items and multiple plant locations. ERP adds applications for financials, supply chain, and distribution and requirements planning for multiple sites. It facilitates intelligent resource planning in the face of rapidly changing constraints such as materials availability, market readiness, plant capacities, personnel certification and business costs per location. In short ERP systems will allow decision makers to champion 'an intelligent, agile and responsive organization in the global marketplace of the next century.'

Sales and marketing Module

This module comprises of Contact Management and Sales Order Processing Management. It is an integrated solution comprising of marketing and sales activities. Organization can act immediately to improve sales, service and marketing effectiveness by using this module.

Sales and Marketing module also help to you getting your customer order management easier day by day. Use of this also includes maintaining customer information, quickly creating a quote or migrating them to sales order.

Purchase Module

ERP Purchasing module streamline procurement of required raw materials. It automates the processes of identifying potential suppliers, negotiating price, awarding purchase order to the supplier, and billing processes. Purchase module is tightly integrated with the inventory control and production planning modules. Purchasing module is often integrated with supply chain management software.

Inventory Management Module

ERP Inventory Management module facilitates recording of data in the inventory department. Activities of the Inventory department such as receipt of goods, delivery of goods, maintenance of material in the stock sections, classifying all the materials, issuing of materials to the manufacturing department, rejections from the suppliers are recorded with full details.

Human Resource module

Human Resource (HR) module in ERP streamlines the management of human resources and human capitals. It comprises of four broad sections, mainly Training, Recruitment, Payroll and Attendance. HR module routinely maintains a complete employee database including contact information, salary details, attendance, performance evaluation and promotion of all employees.

For more information kindly visit: http://www.eresourceerp.com/ERP_for_Planning_Module.html
Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra, Tel: +91 22 25827692/+91 22 25828775/+91 22 65130234

ERP can bring new life into your business

When companies start experiencing that their way of doing work (http://www.erppandit.com/ERP-can-bring-new-life-into-your-business.html) does not bring desired result and holding them back on experimenting anything new, it is time to go for an effective ERP system. Absence of an ERP system could result in information reaching the wrong hands or languishing in the wrong place, and this can often lead to flawed decision making processes

On the other hand presence of an ERP system in an organization should answer all of the logistical problems with paperwork if they are installed correctly. An effective ERP system will certainly bring improvement but it does take a dedicated management team to see the implementation of this right up until it is working properly.

ERP system comes with many different modules which all bond together to make up the finished arrangement. For the sales department, the module will cover all things to do with the sales invoices, accounting, creditors and debtors etc and should allow for the managers to make decisions based on the work at hand, debts coming in and the number of sales expected in the near future.HR module in an ERP system takes care of the staff of the company and this human resource module should allow managers to put workers who are best qualified into key positions so that the work load is taken care of better. It will also monitor the staff too so if anything is not going well, managers will be alerted very quickly.

In a manufacturing company, it is very important for the stores to know when goods are needed and when stocks are running low. Coordinating with sales then should allow the managers to work out what goods to order and when so that production is not held up.

Downtime in any factory is factored in as expenses since all the workers still have to be paid, power bills will be ongoing and maintenance on the building will still be going on etc. Having some form of pre warning then would allow everything to run much smoother.

Customer Relationship Management or CRM module is that deals with all customer relation tasks and this is vital in the case of a chain of shops etc. where all their income is derived from serving customers direct. This provides documentation and procedures for Customer Service desks and collects information on complaints, returned goods and just about anything that is customer related so this is very important indeed.

As there are number of such modules which are integrated for usage of different department, sections or branches, putting them into operation may first feel a little daunting. Getting them to run in unison and making the system work successfully need determination on the part of the management team and the implementation team.

Once an organization has decided to implement an ERP system, a suitable package should be selected from the various packages available in the market which are developed by very big to smaller players in the market. A true evaluation of a system will make it easier to determine which one suits your needs and little advise from the consultants or vendors you will be able to implement the right one at the right time. It is only when the end results are becoming very obvious that people will appreciate that the system has helped the company to succeed in a far more efficient way.

For more information kindly visit: http://www.eresourceerp.com/erp_consultancy.htm
Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra, Tel: +91 22 25827692/+91 22 25828775/+91 22 65130234

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ERP system helps curtail financial malpractices

When we think of the reasons behind the consolidation of software applications, ( http://www.erppandit.com/ERP-system-helps-curtail-financial-scandals.html )the picture we get is very clear and straightforward. Everyone will agree that purchasing, installing and maintaining one application is best option and less costly than purchasing, installing and maintaining multiple applications. Therefore when a company implements ERP system their business operations get smooth and efficient.

One of the prime reasons the top management is eager to implement an effective ERP system is to stop any financial malpractices. Unearthing more financial scandals increases the responsibility for top management and the system should be capable of bringing such events in to the notice of the top management without any delay. Likewise the current economic situation and new competitive threats continue to make key performance indicators of interest to multiple layers of management and decision makers. Linking more departments into the same application links their information and cost factors in as well. In the case of asset management, that means being able to summon a more complete total cost of ownership picture for specific asset or asset classes from a single application.

Another important benefit of an ERP system is that helps improved collaboration between and within departments. Again returning specifically to the case of asset management, there are a number of different departments and individuals involved throughout the lifecycle of an asset. Providing the right information to all who have involved on right time makes the decision making a easy method and bring a cordial working environment.

Enterprise Resource Planning systems are getting much better at keeping all interested parties informed with what they need to know through configurable views into the data and automatic notifications to proper individuals when certain conditions exist or certain work is completed. On the one hand, this sort of collaboration can bring productivity gains from eliminating manual routing of information and coordinating schedules to avoid having to reschedule or redo work because of something another department did. On the other hand, it can also offer a way to control and ensure processes required for compliance are followed, transferring that responsibility to a computer system that can enforce processes and eliminate some of the opportunities for human error.

Elimination of redundant data is considered to be another reason for integration of application. When a organization maintains two separate and unconnected systems with asset information they will need to store much of the same information about those assets in two separate systems. This redundancy not only implies duplication of effort to enter and maintain information in two systems but also brings up serious regulatory and compliance. Implementation of an effective ERP system eliminates all these shortcoming and can make a the organization attain the desired result in the business.

For more information kindly visit: http://www.eresourceerp.com/Finance_Resource_Management_ERP.html
Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra, Tel: +91 22 25827692/+91 22 25828775/+91 22 65130234

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