Audit Trails The chances of fraudulent events taking place in organizations are growing increasingly. This is because many employees are exploiting inherent paucities within common software programs that let them to misappropriate funds, numbers, etc. For example, in certain simple accounting software programs, users can easily edit the numbers, change entries and apply checks to…
Fixed Assets: When you are a small business, it is easy to keep a track of all your fixed assets. Your assets may include your furniture, computer peripherals, tools, equipment and other immovable assets which are part and parcel of your company. Costs of maintaining, repair, replacement and purchase of new fixed assets are usually…
Inventory One of the most important words in the field of goods and materials is that of “inventory” or “stock”. A number of organizations find it difficult to maintain, regulate and use it for the purpose of resale or repair. What an inventory actually does is, it specifies the shape and percentage of goods that…
ERP Training ERP systems are being increasingly installed by companies to increase the profit and efficiency of their business. ERP is enabled to streamline different facets of the company like inventory management, product planning, quality testing, accounting, marketing & sales, service delivery, etc.
Integrating ERP with HRMS: Companies today want to be more than just being capable of handling their data and payrolls. Companies have begun to understand the importance of all their systems across departments to be in sync. Due to this, ERP is being discussed more often these days even in HR departments. Commonly known as…
ERP: Every organization big or small vies to achieve success. Rising customer expectations and fierce competition require a lot of resilience to sustain oneself in business. ERP became a very common software nowadays. Businesses must know how to manage growth; rising complexities accompanied with growth and prepared to serve their customers more effectively. They need…
ERP project You may have decided to implement a new EROP across your organization. However, the strategic risk of ERP implementation can be quite daunting. Failure rates in ERP projects have reduced over the years but still, one-third of ERP projects end up in failure.
Cloud-based ERP systems ERP systems have evolved from traditional on-premise systems to hosted systems and to cloud-based systems consequently. This change is more relevant to small-scale businesses that focus on saving direct cost, convenience of use and functionality of the system without investment of time.