The common trend that has been witnessed in recent times is the increasing deployment of ERP in businesses. And honestly, this has been a positive change. Enterprise Resource Planning systems are business management tools that are responsible for managing the data in an enterprise. ERP has been getting popular due to the numerous challenges it…
Enterprise Resource Planning (ERP) systems have been hailed as the next big thing among businesses. Once you know about it, it is easy to understand why. In ERP, a system of integrated applications is used to manage most of the back-end tasks. It automates many processes while unifying the data in a single storage point….
The kind of ERP software adopted by an organization greatly influences the financial and operational technicalities of the system, which further translate into varying profit and loss margins. In order to maintain a system in proper working condition and to ease the overall workflow of the enterprise, an ERP solution is generally adopted and executed…
With any successful business enterprise, growth is inevitable. However, along with the profits of the company, the workload on the administration also increases. Many a time, organizations have fallen prey to their advancement by failing to keep up with the market demand. To prevent such a situation from arising, it is essential for enterprises to…
As businesses are expanding, the processes they undertake are becoming increasingly more complex. There are so many operations executing simultaneously, that keeping track of them becomes a mess. Thankfully, ERP software has emerged as a saviour. ERP (Enterprise Resource Planning) refers to a process management software that allows you to handle resources, streamline workflow and…
The point of taxation mechanism is used to ascertain the exact point in time when a tax liability arises on a good or service, and the point therefore when the tax liability is required to be paid, either by the buyer or the supplier of the good or the service. This depends on whether there…
The diversity of features and abilities between your current ERP system and an older version of your business application can trigger various issues for a business when evolution takes place from an earlier version to the latest one. If you already have an earlier version of the business operating system running, then chances are very…
Today Small and Medium Enterprises have a significant part in framing the economy of a country. In various financial divisions, SMEs can drive development and competition. ERP implementation is very common nowadays. With changing nature of the market, solid competition confronted by worldwide professionals, SMEs are encountered with different key issues that may not give…