The cloud-based ERP program Arion ERP has a number of USPs. Because of its built-in modules for accounting, inventory control, and customer relationship management, it offers business operations that are as frictionless as never before.
What's ERP Software?
Understanding what ERP is before you can see how it can help your business decisions. Enterprise resource planning is known as ERP. An ERP connects and combines all facets of your business performance at its most fundamental level. It allows you to streamline processes and share accurate information throughout your company.
All ERP systems have a common database that all departments can use. It supports multiple functions. This means that employees across the organization can access the same accurate data and get the information they need to perform their jobs more efficiently. ERPs make it possible to eliminate the need to enter the same data in multiple systems. They also provide a single source of truth that allows information to flow between departments.
All of your core business processes can be integrated with an ERP to help you better manage your company as a whole, work more efficiently between departments, and get orders out faster.
Enterprise resource planning (ERP) is a business management software that provides a comprehensive suite of applications that can help businesses accelerate growth. The key benefits of an ERP system are its ability to streamline core processes, provide real-time data, and offer brilliant intelligence. These capabilities have proven to be invaluable to businesses, especially midsize businesses, that are seeking to accelerate their growth.
One area where ERP systems have a significant impact is financial operations. With an ERP system, financial statements can be generated automatically and in real-time, providing business owners with up-to-date information on the financial health of their company. This allows for more informed decision-making and can help identify areas of the business that require attention.
Human resources is another area where ERP systems can make a big difference. By automating HR processes, businesses can reduce the time and effort required to manage employee information, such as payroll, benefits, and attendance. This not only improves accuracy but also frees up HR staff to focus on more strategic initiatives, such as talent management and employee development.
Real-time data is critical to business success, and an ERP system can provide it in spades. With access to up-to-date information on everything from customer records to billing processes, businesses can make faster, more informed decisions. This is particularly important for the sales team, who need to be able to respond quickly to customer inquiries and requests.
Brilliant intelligence is another key benefit of ERP systems. By leveraging advanced analytics and machine learning algorithms, ERP systems can identify patterns and trends in data that would be impossible to detect with manual processes. This can help businesses optimize their supply chain management, identify new sales opportunities, and even predict customer behavior.
Cloud solutions have made ERP systems more accessible than ever before, and midsize businesses are taking advantage of this trend. With cloud-based ERP systems, businesses can eliminate the need for costly on-premise hardware and software while still enjoying the benefits of a powerful ERP system. This makes it easier for midsize businesses to compete with larger companies and accelerate their growth with ERP cloud accounting tours.
ERP systems are a powerful tool for businesses seeking to accelerate their growth. By streamlining core processes, providing real-time data, and offering brilliant intelligence, ERP systems can help businesses optimize their financial operations, human resources, sales team, billing processes, customer records, and supply chain management. With cloud solutions making ERP systems more accessible than ever, company-size businesses have the opportunity to compete with larger companies on a more level playing field.
Which Industries Use ERPs?
An ERP System can be beneficial for all industries. While there used to be a handful of ERP vendors that were focused on large-scale enterprises in the market, today there are many ERP vendors catering to all industries, sizes, and specialties. An ERP that is specialized in your particular business area and offers the features you need will be the best for your company.
Your business model will determine which ERP is best for you. It will also depend on your industry, size, budget, and other factors. An SME with a small business will need a different ERP system than if it were a large company. Take a look at your business to determine what you want from the ERP system. Then, find the ERP system that suits your business processes.
Why are ERPs so Widely Used?
ERPs that are good will increase efficiency and decrease costs. They can automate, streamline and share information within your company.
ERPs are essential in today's business environment. An ERP will bring you many benefits, including:
- More jobs delivered on time
- Reduce inventory costs
- Ending purchasing errors;
- Increasing production efficiency
- Exact job costing
- Improved cash flow
- Reduce operational costs
How does Process Automation Work?
ERP systems can automate key business functions like order cash process, cash management, processing and production. This allows your staff to concentrate on more important tasks rather than data entry.
Manufacturers should ensure that the ERP they choose for their business has technology-enabled automation.
The Impact, an ERP System, Has on Accountants
An ERP system is an integrated system that allows you to manage your entire business, including your Accounting department, in one place. One system simplifies accounting and saves you time and money by eliminating the need for cross-referencing and re-entering the same data in multiple spreadsheets and systems.
Fully integrated systems increase the accuracy of your financial and accounting reports by eliminating upload errors, input errors and potential timing mistakes. They also allow you to complete reports faster, which allows you to get financial information in your hands quicker, making it easier for you to make better financial decisions.
An ERP can improve the efficiency of your accounting department's job costing. Your accounting team is able to accurately calculate job costs, which is crucial for preparing income statements. It is also important to your company's bottom line. Exact job costing allows you to see how much each job costs you. This will allow you to save money and increase your profit margins.
ERP for Engineering
Engineers can use ERPs to do their jobs more efficiently, effectively and reduce the time it takes to complete each job. Engineers who work in custom manufacturing environments depend on CAD software to create complex CAD models. The engineering department's most difficult and tedious task is to create a bill-of-materials (BOM), from a CAD model and then upload it into ERP. This vital information may freely flow from your CAD system into your ERP thanks to a manufacturing-specific ERP, which can integrate the two systems automatically. The result is a BOM that is prepared for purchase and production.
Using a CAD/ERP integration will help you reduce errors, time and money as well as increase production speed. After all, you hired the engineers for their design abilities, not their data entry skills, so with a manufacturing-specific ERP, they will be able to spend more time inventing goods and less time entering data and reconciling information across two distinct systems.
An ERP is, at its core, a project management and priority system. An ERP system will give you all the tools necessary to plan and monitor the progress of your projects. An ERP will allow you to move beyond the whiteboard and create a better project management system.
ERPs make it possible to manage all milestones in order to complete a job on time. Milestone management gives you a high-level overview of the activities that must be completed to complete a job. You'll be able to see at any stage what tasks need to be completed when they should be done, how the task progresses, and where you stand with each job in your shop. All this information is available in real-time. An ERP gives you complete control over all aspects of your shop. This allows you to manage better and supervise all the jobs in your shop.
Read More: 5 Benefits of ERP Software in the Manufacturing Industry
Management of Sales and Customer Relationships
To ensure repeat business, it is important to keep customers satisfied. Customers who like what you do will be more inclined to recommend you to others. Although your customers won't interact directly with your ERP System directly, it can be a valuable tool for creating better customer experiences. Your ERP will help you streamline your business requirements, and customer satisfaction and improve efficiency. You'll be able to offer more accurate and consistent pricing, provide a better product, increase customer service response time, and create more satisfied customers.
An inventory levels management system can't optimize your inventory without integrating your inventory management system with other parts of your company. An ERP is an answer. An ERP integrates inventory management with other parts of your business, making tracking inventory across your entire organization easy. An ERP premises system allows your staff to instantly access a central inventory database that is updated in real-time visibility.
This lets you know exactly what your raw materials are and how you can fulfill them. It also gives you confidence that the information in the database matches what is on your shelves. This makes financial performance reporting much easier.
A good inventory management system can increase efficiency and help you save money. Instead of trying to find a piece of stock, employees can focus their time on other tasks. An ERP system allows you to automatically track the inventory used on each job. This will allow you to plan better production. You can know exactly how many raw materials you have and what you need in order to complete the job. ERP will simplify the management of your inventory, making your operation more operational efficiency.
How ERP speeds up the Digital Transformation of Enterprises
Digital transformation refers to the integration of digital technologies in all areas of a company's business to improve customer experience and core operations. It is about creating new value and improving overall business leaders' efficiency.
Digital Transformation: Setting the Scene
It is important to improve your business environment in order to build a cognitive company. Many organizations use Enterprise Resource Planning software applications to help them grow their digital capabilities. A well-designed ERP software can be used to help companies drive strategic change and integrate cutting-edge technologies.
ERP systems can be both industry-specific and generic. A manufacturing-specific ERP is required for manufacturers to profitably utilize cutting-edge technologies. Manufacturing ERP is a system that manages all aspects of manufacturing, including staff, resources, inventory, assets management, and premises solutions and encourages integration.
ERP software integrates all business data into a single database, providing each department with a single point of reference to eliminate data silos. Manufacturing ERP automates, tracks and connects each step of a dynamic manufacturing process from the receipt of a customer's order to its shipment.
Covid-19 aided in Accelerating the Digital Transformation
Covid-19 has prompted massive industry changes around the world. The pandemic has made business innovation more common than ever before. Many companies have adapted their strategies to include digital technology in order to thrive in today's business environment. Modern ERP systems allow companies to innovate in business operations and be more competitive by taking advantage of new technologies.
7 Indications That it's Time to Select a New ERP
- Employees take too much time to complete their tasks
- Mobile access is essential for information
- It's impossible to keep up with the changing regulations
- You have data that is not well integrated from disparate sources
- Critical data can't be gathered quickly enough
- It is becoming increasingly difficult to satisfy customer needs
- Support can be expensive and difficult to obtain for your current system.
7 Ways that Cloud ERP Promotes Digital Transformation
The most popular ERP software systems are either on-premise or cloud. On-premise ERP is installed on the company's servers. It is managed by their IT staff. Cloud ERP is hosted by the vendor and can be accessed through a web browser.
Cloud ERP is important for digital transformation because it allows you to use Industry 4.0 technology such as IoT and Big Data. Here are some components of Cloud ERP that can help you innovate, transform, and gain a competitive edge.
- Security - The cloud's data isolation architecture ensures data access is faster and more secure. This multi-layered approach to security protects your most important asset, your business data.
- Interoperability - Cloud ERP allows you to connect across your company so that there is a collaboration among departments and industry-specific needs.
- Configurability - Cloud ERP allows you to set up your system in a way that suits your business. You can integrate digital technologies like IoT, AI and Machine Learning to improve efficiency and productivity in your manufacturing operation.
- User Interface - Cloud ERP is easy to use. It also has an intuitive user interface that makes it easier to learn the system. Maintenance and updates are handled by the vendor. This eliminates the need to have IT staff assist with these tasks.
- Globalization - Businesses are expanding internationally and entering new markets. Modern cloud ERP allows seamless data sharing between business units and across global organizations.
- Analytics - Cloud ERP offers powerful analytics that allows you to see in real-time what different areas are doing. Additionally, you can use predictive outcomes to help with forecasting. It can support all key performance indicators (KPIs), so you can measure quality, tasks, and cycle times.
- Agility Cloud ERP streamlines workflow - It allows staff to work from anywhere, including from a plant floor, a customer site or from home. As your business grows, you can scale up and add additional modules or licenses.
It takes time and effort to select, evaluate, purchase, deploy, and monitor ERP systems. There is no single solution for ERP. Cloud ERP is the best platform for helping your company transform digitally.
Future-Ready Manufacturing ERP: Key Capabilities
You will need to make sure your ERP system is future-ready if you're a manufacturer and want to implement a new ERP system. Here is a brief description of each.
The Internet of Things (IoT), a technology that connects all devices to the Internet and other connected devices, is called the Internet of Things. IoT can be integrated and monitored to provide a link between IT infrastructure and physical assets. It uses embedded sensors and connected devices that relay and produce actionable data. IoT and cloud ERP allows manufacturers to have greater access to information for business intelligence, product development and customer service.
Connected services allow you to use vendors from anywhere in the world. This allows you to expand your supply chain, and offer surplus products or items that are not produced on Amazon or Facebook Marketplace or other connected vendors. To get better rates and bids, you can reach out to vendors that you don't usually use when sourcing supplies.
Connected services make it possible to automate everything, making processes more efficient and faster. Your ERP provider should be able to integrate with connected service applications without the need for additional code.
AI And Machine Learning
Machine Learning and Artificial Intelligence are two technologies that ERP uses to make predictions, identify deviations, and report on trends. It provides information about suppliers and cash flow predictions, as well as detailed customer history information.
Event Broadcast Services and Social ERP
Social ERP tools encourage collaboration between departments and employees, much like social media platforms. Social ERP allows you to follow clients and will notify you when something unusual happens. It can also detect trends and notify you if something is suspicious, such as customers returning or buying items repeatedly. It can also detect fraud when someone in the company does something unusual.
Consumers today want to be able to solve service problems on their own. Chatbots are preferred by customers to communicate with them in an automated manner to resolve their concerns quickly. BoTs can provide 24/7 service and self-learn to improve their customer support. An ERP with BoT capabilities and self-teaching capabilities is essential.
Why choose Arion ERP?
A cost-effective SaaS component that can be used on the cloud platform Arion ERP allows delivery via a SaaS model, reducing upfront investment costs. It also comes with no maintenance equipment and costs, making it an economically sound platform.
Access from Any Device
Users can access the software from any place on any device. Anybody with access can view and manage all reports and central databases. Users won't need to worry about where they are when accessing the ERP software.
Arion ERP, a cloud-based ERP software, is uniquely designed to assist you in running your business. It has modules like Accounting software, GST compliance and Warehouse control & warehouse management. There is also an integrated payroll system.
Real-Time Business Analyses Reports
Arion ERP provides real-time business analytics reports that can be drilled down to any depth. These reports include trend analysis as well as product-wise profit contribution. This report can be used by managers to create business plans and forecasts.
Customized, Configurable Dashboard
It offers a simple SaaS-based user experience that doesn't require any premises software or hardware installation. It provides a customizable dashboard that clients can customize to suit their needs at no additional cost.
Arion ERP, a cloud-based ERP system, is available to users through various modules
- Accounting with GST Compliance, Standalone Branch & Multiple Company accounts
- Report generation to understand current trends in the market or economy
- Offer valuable insight for future policy decisions
Ask for a free estimate or talk to our business manager!
Arion ERP Features at a Glance
Superior Financial Management
- You can track invoices efficiently
- Solid Invoice Creation and Management Framework
- Vendor Bill Management
- In-depth Analysis of Invoices
- Efficient Reporting
- Create Flexible Important spreadsheets for Accounting Reports
- Calculations and Applications
- Employer records
- Attendance Recording with Time
- Provident Fund, Employee State Insurance, Professional Tax and other statutory compliances
- For employees, Form 16
- Warehouse layouts that can be customized and modified by the user. Multi-zone, multitier
- Unlimited Locations and Warehouses
- Stock status updates in real-time
- Stock Valuation
- Stock Ledger
- Stock valuation - LIFO and FIFO. Weighted Average, User-Defined Ratios
- Includes Income Statement, Balance Sheet, and Cash Flow
- Calculates and displays the indirect rates for any period
- Accounts Receivable/Payable and Aging Transactions
- Export invoices and reports to Excel, Word or text
- Dashboard for Managers with Customizability
Multi Branch Accounting
- Automatic data synchronization between the various branches and the HO
- Real-time sales, purchase update
- Access Income inventory and expense statements
- Detail report on central stock viewing and purchase
Customer Relationship Management
- Follow your customers, both past and present
- Promote your products and/or services
- All your contacts can be managed easily
- Automated follow-ups on leads
Software as a Service
- You can offer service through this SaaS model
- Cloud-based delivery is available to customers. Subscribe to it
- The software can be accessed from any device. Users also receive regular updates.
An ERP will connect all of your shops, making it the heartbeat of your business.
Modern ERP Software is a key enabler of digital transformation. Cloud ERP systems can be used to facilitate innovation, optimize resources and streamline operations. Modern ERP for manufacturing allows you to analyze the performance of your resources, automate your plant floor, optimize inventory, as well as leverage data to support strategic decision-making. It can also help you gain insight into operations and improve customer experience.
According to study results, SaaS solutions cost half of what perpetual licensing on-premise would cost. Cloud platforms allow everyone to collaborate in real-time without the need for servers or databases. The cloud platform manages the entire infrastructure, which results in a highly efficient system.