Managing employees and controlling the workflow should be the first priority, to get the business processes streamlined. Human Resource Management, Attendance and Leave Mechanism, Payroll Calculations and Distribution, Work Assessment, Rewards and Recognitions are the necessary tools of managing employees smoothly and getting the work done.

Human Resource

Requisition management, recruitment, effective manpower supply, backup, skill improvement, process updates, and having a bird’s-eye view on all the processes can be only achieved with a seamless and well-integrated HR module. Human resource requires vast data management at the back end. Without a powerful and flawless HR system, it is impossible to maintain the process. The features of the HR module are:

• 1. Recruitment and application management

• 2. Employee boarding and relieving

• 3. Safety Management

• 4. Performance

• 5. Learning and development

• 6. Career posting management

• 7. Event Management

• 8. Rewards and Recognition

Attendance and Leave Tracking

Managing Operational Shifts, Employee Attendance, Leave Balance, and integrating all these factors with Payroll Management, can only be achieved through a Leave Management module. The network-based operation of this ERP system is ideal for Schools, Hospitals, Government Institutes, Banks, Remote sites, Hotels, Small/Large Enterprises and many more industry categories. The module also eliminates the hassle of workforce scheduling by real-time visualization of manpower for a decided time frame. Integration of bio-metric and similar applications with the attendance management system makes it robust and reduces manual efforts.

Payroll Management

Besides work satisfaction, employees can be retained for a long time by providing the promised value of their hard work. Consideration of Taxes, Dearness Allowance, Attendance and Leaves, Overtime, Contracts, Other Allowances, and Loans and Tenures make it more tedious for the HR and the Accounts Department to calculate the payroll effectively. A well structured Payroll Management System can eliminate errors and save time by reducing the hours spent by the respective departments to produce payroll information. A Payroll Management module of an ERP system can manage:

• 1. Payment calculations, considering Attendance and Leaves

• 2. TA/DA management

• 3. Overtime payment metrics

• 4. Other allowances

• 5. Loans and tenures

• 6. Contractual terms and payments

• 7. Year to date, quarterly, yearly and other analysis of payroll

Appraisal and Skill Improvement

Appraisal and appreciation are the key factors behind getting more productive work done from employees, in almost all successful organizations. An efficient Appraisal and Skill Improvement Module does the job accurately, and also reduces the risk factors by evaluating Individual Performances and Deliveries. An effective ERP system consists of an Appraisal and Skill Improvement Module. This module consists of:

• 1. KRA (Key Result Area) analysis

• 2. Competency Management

• 3. Setting Goals

• 4. Success/Appraisal Management

• 5. Development of Plan and Execution Period

• 6. Risk Mitigation

• 7. Skill analysis and remarks

User Interfaces

Customized display of Payroll, Attendance, Leaves, Approvals, and Appraisals for employees are important for maintaining transparency inside an organization. A secured and defined interface for individuals adds more value to the work process. It also allows the teammates to be more focused on their respective tasks and creates a user friendly and properly managed work environment, which in turn enhances the quality of work.

Work flow management

A properly designed workflow management is a must have for organizations having multiple processes. Workflow management is a well ordered stream process, which an industry pursues to get its services fulfilled. Automating the ERP workflow leverages technology to help, manage and maintain the departments and the hierarchy of tasks, roles, people, assignments and approvals. Workflow management streamlines the processes and manages the connections between various activities, in an effortless manner. A standard workflow management module of an ERP system usually consists of:

• 1. Manual and system-based processes management

• 2. User reassignment and manpower hierarchy tree

• 3. Role based accessibility of modules

• 4. Approval management

The wireframe layout in the management system integrates the workflow by connecting different departments and allocating tasks accordingly. Task Management module helps to track employee performances and to make necessary changes from time to time, if required. Task scheduling and maintaining work group management becomes easier.

• Work group management

  It is essential to identify the skills, strengths and productivity of all the employees in a particular department. This is why an organization needs Workgroup Management System. Formation of teams according to the strengths and skills of the employees is the first step towards achieving the best out of the available manpower. This also makes the work allocation easier.

• Task scheduling

  An organization with various departments requires the tasks to be precisely allocated, in order to move the wheel smoothly. Every employee has their own work limitations, and an effective Task Management System allows the requirements to be broken down into small and executable tasks. The ERP system also allows task allocation according to employee skill set. Task scheduling is one of the key features of the Task Management system. A properly managed task management system acts as the central hub, having a continuous flow of tasks and also connects different departments and teams to collaborate and execute the daily tasks. Basic features of a task management system are:

  • 1. Creating tasks and sub-tasks

  • 2. Scheduling of tasks

  • 3. Prioritization of tasks

  • 4. Centrally controlled user permission

  • 5. File attachment and notes

  • 6. Integration

  • 7. Reports

• Time tracking

  Each task requires a specific amount of time, and every project must be completed within the deadline. Time tracking the tasks enables employees to verify the time taken to finish a task and amend it, if necessary. It helps to record the daily, weekly or monthly time logs of the employees automatically in timesheets. The ERP system then sends the report for approval, generates invoices, and bills the client on time. It validates all work hours and makes sure that nothing goes overlooked. All of this, if done manually would put a lot of pressure on an individual. Whereas a task management module, backed up with a robust time tracking mechanism, can provide all these solutions with a few clicks. It helps to:

  • 1. Monitor ‘On time’ as well as ‘Overdue’ tasks

  • 2. Increases efficiency and productivity

  • 3. Helps in billing clients more accurately

  • 4. Helps to create a healthy competitive environment inside the system

  • 5. Analyze and calculate the efficiency of the team/individual

• Alerts and reminders

  When an ERP system is incorporated with alerts and reminders, it notifies the user about upcoming tasks, other overdue works and everything related to task scheduling and forwarding. The ERP system automatically notifies the user and other team members of changes in the working shift hours, requests updates on specific rows, and initiates request for approval or sign-off on work items in the list. It gives reminder to the user about:

  • 1. The approaching Key dates

  • 2. Tasks scheduled for the day

  • 3. Dates that are overdue

Appropriate inter-departmental communication helps to build up an efficient work culture. An ERP system provides space for Group Chats, Forums, MOM (Minutes of Meeting) tracking, Meeting Board etc. Sending emails directly through the application renders significant assistance. As real-time data is available for everyone to see, it helps to reduce miscommunication to a great extent.

• Group Chat

  The world is inter-connected, and hence a Task Management System without Group Communication becomes too manual and boring. A group-chat mechanism allows a group of users get associated with one another in real time. The members of the group can securely communicate with each other with ease. The group-chat can be either text based or video based. This facilitates the users to work and discuss a specific subject, collaboratively.

  • FORUM

    An online forum lets employees discuss different matters of their tasks. It facilitates different teams to have their own forums/sub-forums to discuss topics. The users can enhance their experience with the help of:

    • 1. Creating new topics

    • 2. Marking a topic

    • 3. Unmarking a topic

    • 4. Configuring forum columns

    CHAT PLATFORM

    It is one of the most powerful and advanced mode of communication, which allows individuals to communicate and share crucial information in real time. It allows users to create groups, broadcast messages individually, voice/video call, share documents and much more. There are two versions of the chat platform, Manual Chat Platform and Interactive Chat Platform.

    • 1. Manual Chat Platform: It’s the traditional chat platform that is commonly used for end to end communication between users.

    • 2. Interactive Chat Platform: This is an advanced version of the Chat Mechanism. Besides end-to-end communication, this kind of platform can be designed to perform a particular set of task through voice or text. An interactive chat platform, which is backed up with AI (artificial intelligence), can automate processes like Task Allocation, Scheduling, Time Tracking, Connecting Users, Answering Queries, Bank Transfers etc.

• Meeting board

  Features like Video Calling, Screen Share, and Online Presentation Canvas are the essential components of the Meeting Board. An internal collaboration or client communication is incomplete without the Meeting Board module. This module adds flexibility to the structure and also makes the communication effective and interactive. This usually needs the formation of teams for a meeting and enables the members to connect from overseas as well. Screen Share and Presentation Canvas are also necessary to give presentations, draw explainers etc during ongoing meetings.

• MOM Tracker

  It is a tedious job to recall and make a to-do list of the minutes spent on a meeting and distribute it individually to the participants. The MOM (Minutes of meeting) tracker of the ERP system is equipped with provisions like:

  • 1. Scheduling meetings

  • 2. Add attendees and send invitations

  • 3. Voice recordings

  • 4. Make Notes/Action Plans and share

  • 5. Automated task schedule

  • 6. Follow-up

  • 7. Notifications

• Email Configuration

  Email configuration makes team collaboration easier, as the user is able to send/receive emails from the ERP system itself. This enables the user to send bulk emails without accessing any other email platform. As communication remains within the organization, it is more secure and only the employees can access the service.

An ERP system with a drive (storage facility) helps users store the essential data. It additionally works as a knowledge base where the users would be able to find data, as per their requirement. ERP drive is safer, compared to its other counterparts. It is also backed up with features like - Files/Folder Creation, Document Update, Version Control, Share, Archive Document, Work Offline, Data Protection, Storage Analysis; Task Schedule Integration, and Customized File Permission.

• Folders and files management

  The drive (storage facility) of the ERP system sorts out the files and folders, for easy access. Higher efficiency and lower costs are the principal advantages of an effective File Management module. It includes provisions like:

  • 1. Files and folder creation

  • 2. Online and offline document update

  • 3. Data protection

  • 4. Linking files and folders with the tasks

• Custom permissions

  Users of the application would be able to set priority for others to access specific files/folders, using a password or specified permission. The Custom Permission feature makes files more secure. It enables the user to define access checks. The user can:

  • 1. Enable Custom Permissions in profiles

  • 2. Define dependencies between Custom Permissions

  • 3. Assign Custom Permission to other users

• Version control and disposition

  Version control and disposition allows users to record files in a sequential manner. It also helps to record changes made in a document, without having to worry about losing data.

• File sharing

  File sharing lets the user share documents with other users. It saves time as well as storage space.

• Document Archive

  Archiving is the storage or preservation of information and building the life expectancy of documents. In an ideal ERP system, a document archive lets the user keep a record of all the documents, preventing data loss.

• Storage management

  All important documents must be preserved digitally, for easy future access. The huge amount of information produced by users implies that storage capacity needs to grow over time. Considering the total available space of the server, the acceptable capacity of document storage for every user can be allocated by managing the storage methodically.

A properly executed Enterprise Resource Planning (ERP system) can streamline the core business procedures, making them smoother and more efficient. By initiating more proficient methods of activity to execute departmental operations, the organization can get a raise in profitability, quicker correspondence, and a decrease in the utilization of physical assets.

Lead management

Leads are the building blocks of an organization, the right flow of which moves the wheel of other processes smoothly. Automated Lead Capturing, Distribution to Marketing Channels, Lead Qualification, Managing Sales Funnel, Lead Scoring, Lead Aging and Lead Lost are some of the features which are essential to run a successful Lead Management System. Managing leads is the first step to automate sales and marketing processes.

Procurement management

In procurement, services are gained from an alternate association or firm. In an ideal ERP system, Procurement Management system deals with Supplier Management, Source Planning, Contract Management, Requisition, Purchasing, Payment etc. The management system also oversees supplier connections and manages transactions by recording payables to complete the source-to-settle cycle by preparing supplier invoices.

Inventory

A centralized Storage Management system is essential for efficient stock operations to improve sales, productivity, on-time delivery, scheduling order frequency, planning, and forecasting with cost management. Basic features of an effective Inventory Management System are integration with Procurement Management, Order Scheduling, Automated Ordering, Raw and Finished Products Categorization, Stock Management and Manual/Bar Code Scanning/ Radio Frequency Based Stock Entry. A Stock Management System gives the opportunity to manage waste and replacements, which cannot be overlooked by establishments dealing with physical stocks. Utilizing an Inventory Management System enables the monitoring of day-to-day undertakings. This results in more yields in less time and an increase in production.

Operations and logistics

Once the Lead and Inventory have been identified, those could be channelized through different processes of the establishment like Follow Up, Documents Management, Approvals, Order Management, Logistics, and Sales & Invoicing. Logistics Management enables other opportunities like Order Management, Warehouse Management, Material Handling, Storage, Distribution, Grouping, Transportation, Fleet Management and Custom Duty Calculations.

Sales and invoices

A Centralized Sales Management System makes sales more transparent and simple. With the availability of cost, quotations, discounts, and other data, the sales cycle becomes more productive and maximizes the achievements by reducing time and effort. Automated sales calculation makes the revenue and profit calculations flawless and provides a fitting forecast. Printing invoices and the distribution of the same could be done whenever required, with the help of a digitized invoicing mechanism.

Business Accounting

Modules like Ledger Creation, Journals and Balance Sheets have to be maintained simultaneously with other operations, to reduce time and effort. An automated Business Accounting Mechanism reduces dependability on other resources by completing all respective work. Such advanced solution can easily manage cash flow, budgeting, purchasing, bank transfers etc. The mechanism also provides the CSV file, in which GST is already calculated.

Waste Management

If a product manufacturing/assembling and sales based complete ERP system is backed up with a Waste Management System, then Waste Categorization, Stock Entry, Cost Control, and Scheduling for Reformation could be efficiently managed. A well established Waste Management Module can give valuable input for the re-consideration of purchase decisions.

Scalability is the capacity of an Enterprise Resource Planning (ERP system) to deal with an expanding measure of work. It is an essential quality, giving future development processes a scope to generate streamlined operational execution.

• Modular architecture

  Each ERP system seems difficult to use at first. So, the modules are assembled systematically, which helps the organization to operate the application smoothly. Modular architecture of the application can effectively manage the uncertain growth plans and can also make the deployment process quicker. This simplifies the planning, as well as gives clarity to performance.

• Dynamic wireframe

  The Dynamic Wireframe of the ERP application improves user experience. It reduces time to fetch data and also manages the behavior of the functions, in various situations. Such architecture optimizes the operations and helps improve the product quality.

• Work flow Automation

  Work flow automation in an ERP system refers to the planning, execution and automation of procedures which are dependent on work process, tasks information and records. By automating workflow, processes that are particularly taken care of by representatives can be designed in such a way, that it reduces human effort and increases productivity.

• Reduced data redundancy

  An ERP system helps organizations get precise information on all frameworks and divisions, which can provide reasonable predictions on future modules. It reduces the need of maintaining numerous spreadsheets by coordinating all the procedures installed, and by upgrading correspondence among various processes/departments/offices. This decreases duplicity, resulting in a flawless data flow.

It is extremely important to give the users a smooth, simple and over all good experience ensuring that the ERP system has all the required features, proper technical architecture, intelligence, and responsiveness to make the changes possible and profitable for the company. Focusing on these key areas enables the platform to stay ahead in the race.

Access from anywhere

A complete and effective ERP system when placed online can be accessed from any geographical location. An online ERP solution is preferable, as it wipes out the requirement for managing data files separately. The insights, tasks allocations, and performance can be monitored from anywhere, at any time. User level permission-based access makes the process even more secure.

24/7 access to training manuals

ERP systems are integrated with different modules and functions to execute multiple business processes. End-user training is necessary for the right usage of the ERP application. Module/feature/page wise availability of descriptive operational documents or video tutorials makes the training process simpler.

Reduced complexity

Once the manual efforts are re-structured through the digitization processes, the workflow becomes more synchronized, reduces complexity and enhances adaptation rate. As digitization makes the operations more predictable, workflow tends to become smoother and more effective.

Device independency

Device independency is the first step towards making an application ready to work on a number of devices. Online access makes it more user-friendly.

Cost effective

It is obvious that an ERP system would have recurring licensing and maintenance costs. Users would take a little time to get used to the complete application. However in the long run, it reduces time and organizational costs through:

• 1. Reducing the time spent on administrative tasks

• 2. Streamlining business processes

• 3. Maintaining lowest possible material and product levels

• 4. Maintaining fewer capital costs

• 5. Reducing wastage

• 6. Reducing manual errors

• 7. Reducing dependency on expensive third-party applications

• 8. Decreasing manual entry

The reason to incorporate the Service Desk module is to guarantee that clients receive the required help in a convenient manner, whenever necessary. The representatives at the Service Desk must have easy access to the customer’s profile details, transactional information and other service tools, in order to manage the queries effectively. If required, this information should be forwarded to the next concerned department, for providing better solution. Such execution can only be possible if the representatives are provided with a synced and efficiently managed back-end.

• Profile management

  The Profile Management module ensures that the personal and professional details of the customers are cataloged. Every organization needs to oversee these, for the ideal utilization. The user profiles contain all the important and essential data. Provision for adding custom data, social media plug-in and encryption of profile information make the module more efficient.

• Transaction and queries

  Customer transactions are far more sensitive than any other processes. Each and every transaction should be treated with extreme caution and stored securely in the database. By integrating the transaction module with Sales and Products, the ERP system helps not only to manage but also reply to the user queries related to specific transactions.

• Event Log

  Event Log is a fundamental program which helps the user to retrieve data about the system traffic, usage, past correspondence etc. For example, it can store all login sessions to a system, alongside record lockouts, failed attempts at passwords, and also a considerable number of activities executed by the user.

• Service category management

  Service Category Management is the module which facilitates the assignment of the customer service tasks, by sorting out related items or services into similar groups. This ensures seamless management of the service categories. Management of the categories enables an organization to prioritize the most critical business classifications, regularly.

Order fulfillment consists of all the processes which an organization undertakes, to fulfill the orders of a customer, while ensuring timely delivery. This process is directly linked with Customer Service because both aim at providing better customer satisfaction. The main features of order planning are:

• 1. Demand Planning

• 2. Inventory Management

• 3. Supply Chain Management

• 4. Logistics Planning

• 5. Delivery Management

• Delivery configuration

  Delivery configuration lets the user set their delivery preferences like, time and place of delivery, payment mode etc. These let the administrator position and deliver the request as scheduled.

• Distribution channel

  The product and service distribution management module helps an organization analyze the movement of the goods. It also helps to re-plan the supply. Once the distributions are cataloged in the system, the organization can channelize them in an efficient way for a cost-effective, time-saving and smooth distribution. Distribution channel helps distributors act as a value chain, through which products or services pass, until it reaches the consumer. Categorization of direct and indirect distribution channels, scheduling the distribution of orders, and tracking them are the essential features of a distribution channel.

• Constraint management

  In the ERP system, Constraint Management cautions the user about the consequences of the failure of the future operations and alerts them about fixing the issues beforehand. This prevents the factors which might cause loss to the business. Constraint management is also used by employers to ensure that employees are focused on their work process. There are two types of constraints:

  • 1. External constraint

  • 2. Internal constraint

  External constraint is when the company’s production exceeds the market demand. In this case, the business must create demand for the specific product in the market. Internal constraint is when the production is less than the market demand.

• Acknowledgement

  Acknowledgment Management module is a small but unique feature, which improves the relationship between the organization and end user. When the product/service is delivered, both the client and the administrator get an affirmation message. There are various types of acknowledgments like Order Confirmation, Billing Confirmation, and Shipment Confirmation etc.

The Returns and Claims module manages everything, after the delivery is made to the client. This includes recording and reporting guarantee demands, receiving returned products, sending substitute merchandise, and favor or deny claims.

• Claims and Returns form

  A Claims and Returns Form is an online form that must be filled out for every item that the client wishes to claim a refund or return. It serves as a record, which is further used for compensation and reconsideration by the company. The mandatory fields in the form are:

  • 1. Name of the customer

  • 2. Address of the customer

  • 3. Name of the product

  • 4. Product manufacturing date

  • 5. Product warranty period

  • 6. Reason for claim

• Defect tracking

  The defects of the products are the updates given by the customer for refunding or replacement. Defect tracking module is the process of following the cataloged information about the defects of an item according to users, and making necessary amends.

• Re-classification

  When a particular item is placed under a classification, and later its characterization is determined to be on some other level, reclassification occurs. The re-classification of the products makes user search more precise.

• Product renewal and discontinuation

  Product Renewal depends exclusively on market request. When it is noticed that a particular product has picked up an unequivocal measure of achievement and the interest for that item has expanded, its renewal is arranged. When an item appears to be not fulfilling customer needs, the production of that specific item is stopped. This leads to Product Discontinuation. Management of products through such categories makes the inventory identification precise and complete.

Allowing customers to give their feedback on products is essential to maintain an environment of open communication. The organization makes up situations that energize feedback. The ways in which an organization can get feedbacks are:

• 1. Emails

• 2. Surveys

• 3. Memos

• 3. Open door policies

• 4. Company newsletters

• Audit and feedback

  Audit and Feedback mechanism should be present inside an ERP system, so that the successful/unsuccessful sales can be evaluated as soon as possible. Also, there should be open access for the leads in terms of Purchase Experiences and Product Satisfaction. The point of including this module is to urge the customers to pursue proficient guidelines.

• Internal and external survey

  The provision of managing the surveys and channeling the feedbacks and suggestions towards the growth and improvement of the products as well as the establishment makes an ERP system even more efficient. Through internal survey, the feedback of all the internal processes can be evaluated. Such kind of survey could be performed regularly or periodically and can be managed by an integrated application or through the ERP interface only. Irrespective of the sales, this external survey could be performed with existing customers or non-customers. Such processes could be manual, online or email based and would be able to:

  • 1. Create new opportunities

  • 2. Update the establishment about market demand

  • 3. Provide feedback to plan product or service improvements

• Event chain

  Event Chain Management is the primary requirement for any establishment to spread brand awareness, get consumer feedback, launch a new product etc. To manage the events successfully, Platform or Source Management, Event Planning, Venue Management, Email Marketing, Ticketing and Registration, Sponsor Management, Event Classification, On-sight Check-in, and Lead Identification are required the most. An ERP system can integrate those processes to provide a seamless operation and can also provide a better understanding of this chain of events through analytical data.

• E-mailer and call configuration

  E-mailer and call configuration lets the user configure calls and send emails from a designated server. This helps the user to send emails or dial the customer’s numbers automatically, as scheduled from a single platform to provide recent updates to the customers on product/services or to update on the upcoming news/events.

Social Media Integration module creates the opportunity to connect with the social media platforms, for sharing Product Information, Customer Feedbacks, Reviews, and Updates etc. This feature enables the user to access all social media accounts under one platform.

Custom Integration is nothing but the connection between the ERP system and third party, or other in-house applications, which are not already present in the ERP’s directory. The Custom Integration module gives the application a chance to enhance its capacities and capabilities. It makes the application easy to use and more responsive.

• Applications and adaptors

  Off late, industries have evolved with unique and useful solutions. Establishments are now depending on such solutions to perform specific tasks and achieve certain goals. A rigid and self-constraint ERP system does not make the whole process flexible. So, ERP applications need module based adaptors to integrate third-party systems in order to achieve a specific goal, and to enhance the capacity of the process. This makes the process robust and versatile.

• Enterprise service bus

  ESB (Enterprise Service Bus) is the set of standards and codes for coordinating various applications together over a bus-like framework. It incorporates diverse applications by putting a communication bus among them and enables communication between every application through the bus. This decouples frameworks from one another, enabling them to convey the information independently. On permission, an ERP system can be easily integrated with the other required applications, to maintain the information flow and to centralize each and every process.

• Business Intelligence (BI) Integrations

  Business Intelligence leverages ERP systems to transform data into actionable intelligence, which influences organizational strategic and tactical business decisions. Business Intelligence changes raw information into useful data, which helps the decision making process. It gives revealing information and also helps the user by letting them know what tools to be used for recognizing information groups, support data mining systems, business execution management, and predictive analysis.

• CRM integration

  The main purpose of a CRM (Customer Relationship Management) application is to organize, track and manage the client’s entire information and work process. This helps in sales, marketing, and customer service. An ERP framework when incorporated with CRM, will give the organization better access to business data. The ERP system streamlines the business procedure as well. Above all, it gives the organization a 360 degree view of their client.

Quick decisions can be made by the organization by monitoring systems, products and hardware performance continuously. Real time tracking can significantly influence the productivity of a whole division. Through constant monitoring the organization can track, measure and change processes. Real-time tracking has many benefits as well. It lets the user know how much time is involved in every process.

• Task analysis

  Task analysis is the methodology of examining employee tasks, to enhance the way core business processes run inside an organization. The methodologies of task analysis are divided into 5 parts:

  • 1. Time recording

  • 2. Prioritization

  • 3. Monitoring

  • 4. Analysis

  • 5. Optimization

• Inventory analysis

  Inventory Analysis is the process of determining the inventory of an organization. The module also analyses the flow of stock, as per market demand. Inventory Management in an ERP system helps in monitoring the assets accessible in the stock, in order to avoid risks.

• Business trends

  The most recent business patterns can be evaluated through the ERP system. A business trend helps decide the future of an organization and enables the business to take strategic decisions. The main types of business trends are:

  • 1. Market trends

  • 2. Financial trends

  • 3. Industry trends

• KPI performance

  KPIs give an approach to quantify how well organizations and their units, undertakings or people are performing in connection to their key objectives and goals. KPIs give the most critical performance data that empowers organizations to comprehend whether the association is moving forward and achieving the goals.

• Custom Reports

  The Custom Report module enables the user to make report layouts on a number of criteria, with many formatting alternatives. The formatting alternatives consist of headings, sections, sorting, and color charts. Single and multi-level metrics dependent on any fields can be incorporated. The yielded reports can be used in another application and can be booked to keep it running all the time.

The forecasting module of the ERP system uses past information to create patterns that predict the future. These patterns calculate and predict the outcome. Stored exchanges can be retrieved and analyzed further. Forecast application enables the organization to make the most conceivable estimates. It supports the “Deals and Tasks Planning Procedure”, and effectively adjusts the organization's supply and demand. The forecast module improves business efficiency.

• Lead forecast

  The Lead Forecast module upgrades the parameters of estimation to limit the error measure between past information and present values. This upgrade is usually based on ERP system data or based on physically obtained past information. By utilizing this information, it is therefore possible to forecast leads and operational predictions.

• Value proposition

  It is extremely important to understand the Stock Value against the Demand and Lead Interests. Through Value Proposition, an organization can easily understand the stock value of different products and the estimated sales proposition, to focus on product based marketing activities.

• Risk forecast

  The Risk Forecast module of the ERP system indicates the results generated, by analyzing the organization’s work processes and signals the business of any future risks. The risks might be short-term or long-term. An ERP application helps in checking risks influences and prompts the organizations to deal with them adequately, to keep away from disappointments and improve the probability of task achievements.

• Business forecast

  Business Forecast is the demonstration of foreseeing the future of financial conditions, based on a significant time span of data. It follows the principle of considering an imminent perspective of things liable to take shape and the probable turn of events, in not so distant future. As the future is constantly indeterminate, an organized arrangement is required which can forecast the future outcome. Organizations should have the capacity to precisely forecast long-term business execution, in the light of changes happening in business situations and solicitations from investors. Be that as it may, most of the business estimates are made depending on past outcomes. Individual skills are used for making the forecast, bringing about delays and mistakes in management decision.

The Loss Analysis module is a statistical exercise which focuses on the re-development of the organizations’ market and how they sell their products and services. The procedure normally involves telephonic interviews with new customers or lost clients. The objective is to gather significant data as much as possible, blend it rapidly and precisely, and utilize it to encourage constant development of the company. The ERP system transforms itself into an essential apparatus for organizations, as it fulfills all business needs. The loss analysis module in an ERP framework lets the user assess their losses and process them efficiently.

• Product wise loss

  An ERP system provides analytical data to the organization about the losses for each of their product/service. The ‘Product Wise Loss’ data helps the organization evaluate the consequences and regain the bounced traffic.

• Reasons for loss

  Loss within an organization might be caused due to numerous reasons:

  • 1. No clear company objective

  • 2. Product/Service quality requires improvement

  • 3. No proper discount

  • 4. Poor customer service

  • 5. Lead generation not working anymore

  The ERP system data analysis helps to accumulate and visualize real-time loss reason analysis, to take immediate preventive initiatives.

• Competition analysis

  Competition Analysis is the marketing strategy which helps the organization ascertain the strengths, weaknesses and business strategies of similar businesses in competition. This lets the company know how they can yield more profit and stay ahead in the competition.

• Loss forecast

  The Loss Forecast module of the ERP system predicts the losses that an organization may incur in the future. The three main approaches to take precaution are:

  • 1. Analysis of past data

  • 2. Analysis of past transactions

  • 3. Analysis of past offerings

Secured access allows users to securely access any device and connect to other devices, at any time. It lets users and businesses connect and minimize risks and security breaches associated with the network. A Secure Access Protocol lets the user browse the internet securely, without jeopardizing any essential information. The protocol consists of storing and securing master keys, performing cryptographic functions, generating session keys, and performing secure messaging.

The Transactional Security module is a system that captures real-time transactions by providing alerts, when the user makes unsecured approaches. Transactional Security Screens and Catalog Instances are indicated by the arrangements set up by the user. For every incident the user experiences, Alert, Block, and Forced Two-Factor Authorization freeze the particular user and ends the session of the transaction.

Cloud Based System refers to applications which are made available to the user, via the internet. A cloud-based server prevents expensive infrastructure cost. It is reliable because of its enhanced security factors and ease of access throughout the globe. The Cloud Computing System has a vast storage facility as well. The benefits of cloud-based systems are that it costs less, it is available 24x7, it is flexible in capacity, functions all over, secured, and it enhances collaboration.

Automated Periodic Data Backup saves and stores data for future use. In an event of data loss, the user can retrieve and restore the entire lost data. It also helps the user to catalog program codes and later use them for future development purposes. The following are the forms of periodic data backup: Auto restore on data loss, Max incremental backups, Frequency-based backup schedule, Time-based backup schedule

Data Transfer Encryption lets the user encrypt the data, during data transfer. This prevents the data from getting corrupted by any malware or third party users and hackers. The data can only be accessed through a secret key or password, thus preventing any unauthorized access.

Malware or virus can affect the important files and folders of an organization. Malware can corrupt the files, which can cause catastrophic damage to the system and the organization. These threats can be prevented by implementing an anti-virus on the system and encrypting the files and folders. Preventing visibility of the service to limited users can also prevent unauthorized access to hackers and other personnel.