Integrated/Automated Trading System (ITS) is a bespoke technology solution that enables seamless integration and automation of manual processes using advanced technology across trade execution and settlement. This is a robust digital platform that delivers a digital information flow of buying and selling products seamlessly while removing manual and paper based processes from the value chain. It gives access to information to .....

India is one of the largest producer of milk, and is now preparing to become the largest food factory in the world.  But in its course of journey to zenith, the Indian ERP dairy industry faces a multitude of challenges and opportunities in procurement of raw milk and processing it into products such as consumer milk, butter, cheese, yoghurt, condensed milk, dried milk (milk powder), ice cream etc., using varied processes .....

Evaluation of ERP software is a very challenging and tedious task. Organizations are very cautious because the ERP they chose has a long term impact on the organization and organizational productivity. A wrong choice can easily land an organization in a mess which they will find difficult to come out of. As people say ‘ERP is like a marriage’; Once you start to use an ERP and have your Business Data on the ERP.....

An ERP project should be viewed as a major undertaking for any organization. Further as I have mentioned in my article “Challenge of setting up an ERP Implementation Team” – “ERP project management is the key to a successful ERP implementation. ….An organization must clearly define the ERP implementation “finish line”, or the scope of the ERP.” An ERP implementation plan shou.....

HOW CAN AN ERP HELP YOU PLAY GOLF?? ERP and Golf…. Sounds like two different worlds. But yes they are related.  You’ll soon discover how. It will be foolish of me to ask you if you are aware of what an ERP is?. I am sure that you would have heard in various Forums about the ERP being your guarantee for success… …The great Mantra for keeping you ahead of the competition. If you were .....

ERP & PRODUCTIVITY Productivity is never an accident. It is always the result of a commitment to excellence, intelligent planning and focused effort. – Paul J. Meyer Same is applicable to the productivity in an organization. Till the time when there was no ERP package available or exists, each department in an enterprise had their own isolated software application which did not interface with any other system......

Enterprise Resource Planning (ERP) systems have radically changed the way organizations work. Over time, sheer size and complexity of ERP Software Implementations makes managing these projects difficult. If not handled well the ERP implementation run into rough weather. There are numerous horror stories of ERP software implementation failures, which have inflicted great deal of pain on organizations. This pain can be.....

SELLING ERP SOFTWARE EFFECTIVELY BY EDUCATING PROSPECTS While being an effective management tool, ERP software have seen a plethora of unsuccessful implementation stories. Why so? An ERP sales cycle takes 6-12 months before a client makes a decision on an ERP vendor. During this phase, client evaluates a handful of ERP Vendors with each vendor giving his best shot ( presentation, promises, videos, and demos) to.....

It needs no validation or proof that an integrated ERP software has positive impacts on all areas of business ( to all stakeholders in their own meaningful way). For large and profitable businesses ERP software is more than a bare necessity because of the enormous amount of information coming in and out of the business; for them it is next to impossible to effectively or profitably manage their business without an integrated s.....

ERP : A Management Perspective – By Sanjay Agarwala For the past many years, there has been a fairly recurrent theme when we go out and meet companies that want to buy an ERP software. Many of them are manufacturing companies and almost all of them say that they want to automate their production planning function. And this comes right from the CEO, so there is good reason to believe that this is top .....

ERP is more than just a piece of computer software; it is the way in which business processes across the world are being transformed and optimized. Growing business organizations are experiencing the need for a structured approach to enterprise management. Business processes need to be planned and responsibilities streamlined to map out a business model based on practices which facilitate an efficient use of resources. As p.....

ERP SOFTWARE: AN ESSENTIAL CATALYST FOR GROWTH Introduction ERP Implementations are worldwide known for their inherent implementation challenges, technological complexities and soaring costs during implementation. Analysts often debate the benefits of ERP system over the amount of effort and cost that an ERP implementation demands. Despite a few odds against ERP, due to numerous tangible & intangible benefits.....

At ESS, it is our constant endeavor to improve performance, and the performance of our businesses. We achieve this by continuously moving from one strategic milestone to the next. The first step, a step that most of us do not adequately focus on is reducing the effort which is required to maintain current levels. Performing the same task more efficiently results in the release of resources which can then be channelized for fur.....

ERP selection is a crucial decision for any organization. And to come to this decision, the foremost task is the ERP evaluation. What you need to prepare for is the turbulence, which any new process implementation undergoes, in this case, till the time you are Live on the ERP System. Companies may sometimes disregard the importance of the ERP System selection process, something which should brace them well to see some ERP i.....

Does ERP benefit an organization by helping achieve its strategic objectives? Or is it merely an operational tool? This article seeks to address how a well implemented ERP system can evolve from being an operational tool to being a key driver of business objectives. For years, ERP Software has been sold to CEOs on two main premises. One, that it will help the company become an integrated whole, as opposed to being.....

When you select ERP software, you are selecting both the software as well as the organization that provides it to you. You would have to form some sort of partnership with your ERP Vendor or ERP Company. You will be inevitably linked with the new vendor throughout the entire life cycle of the ERP system within your organization as well as post that. Hence, it is important for you to have a clear communication with the ven.....

Enterprise Automation: The fundamental problem today in a mid-sized (US$ 25 M to 150M) organisations is to have control over its various business processes. Therefore, there is a lack of visibility and clarity in terms of optimizing various resources that lie within the organisations. The impact of one business process (transaction) will always have an impact on the next or various other business processes. Since there i.....

How do you prepare for an ERP Selection name 10 steps to guide for an ERP software selection? Implementing an ERP in an organization is not like implementing just another accounting or billing software. Implementing an ERP is like a lifelong engagement of the software with the organization which involves sizeable investments and complete realignment of organization’s processes. If the implementation is not successful, i.....

The selection and successful implementation of a good ERP Solution brings many benefits for the user organization. Although it is difficult to enumerate all the benefits that accrue from an ERP implementation, we have tried to put together a list of Top-10 Benefits that we feel are relevant for an organization of any shape, size or location. 1. ERP Encourages Rapid Decision Making: An effective ERP Software ensures ava.....

Cloud is the latest mantra, and rightly so. It is a force multiplier, green alternative and an answer to rising costs of Information Technology implementation across the globe.  Huge corporations and mid-size organizations have drawn benefits from Cloud based technologies to reduce their costs and carbon footprint decisively by utilizing IaaS (Infrastructure as a Service) and PaaS (Platform as a Service) and Many software.....

I have been in ERP field since 1995-96. It amazes me how – more we change, more we remain same!  Technologies have changed, information dissemination has grown beyond imagination. Knowledge about technology is available at any level from newbee to techies. But, basic human thoughts remain rooted in doubts and expectations. More information we have, more confused we become, because we wish to have it all. The crit.....

Bill Gates famously talked of ‘Business at the speed of thought’. This may not be true for all, but business on the move has become a reality. Nearly all smartphone or phablet owners are aware of mobile apps like Flipkart, Cleartrip, IRCTC, Freecharge, etc. and many of them have downloaded and purchased goods and services. This is new age industry reality and trade is moving to e-commerce in a big way. But, is mobi.....

Rig operations are one of the most difficult on-field jobs.  Highly remote locations, 24x7x365 operations under extreme weather conditions, huge costly equipments, rapid movement of stores items, in-time inventory management, risky nature of operations, timely preventive and breakdown maintenance; all these challenges make it a challenging arena in the global industry. Taking care of manpower’s movement, their timely care a.....

“Well Guys…..How much will this cost us?”. This is the first question that a Managing Director (MD) will typically ask the team when they bring up a proposal of buying an ERP System for the organization. Unfortunately ERPs have been seen to be a “Cost” which will simplify life or make critical information available to everyone at the click of a button so that people are more organized, .....

Is your ERP investment not delivering the expected results? Are employees complaining of ERP inefficiencies and lost information? Is the system unable to change with your growing business needs or is it inflexible and hindering the company processes? If the answer to any of these questions is affirmative, it is time to look for a change. There is just no point in creating and continuing with such a situation, both for manag.....

Discrete and Process Manufacturing are two different kinds of businesses within Manufacturing. Discrete Manufacturing is all about production of distinct items like computers, furniture, appliances, etc. These are very different from the products of Process Manufacturing which are homogeneous like glue, cosmetics, pharmaceuticals, oil, gas, etc. Products of Discrete Manufacturing can be taken apart as they are assembled by nut.....

The Goods and Services Tax (GST) has been the talk of the town since it was first introduced in 2011. This has been a much awaited move for the entire business fraternity and is being seen as the biggest economic reform since liberalization in 1991. Every business, big or small, transporter or manufacturer is eagerly waiting to experience the benefits the new tax regime proposes to bring to their business. GST is essentiall.....

IoT (Internet of Things) propagates the idea of things (Devices) communicating with other things (Devices) through a channel of sensors, with a minimal role of any human element. The influx of such data into an ERP Software will be a game changer, resonating perfectly with the requisites of the inter-connected world. To strike coherence with IoT, future ERP Systems ought to be more open so that they can process and deliver use.....

Traditionally ERP and CRM Systems have continued to deliver exclusive streams of information effectively. Clubbing these exclusive data streams by integrating ERP with CRM Systems is now catching the attention of industry experts. Such an integration would enable enterprises to conduct enhanced analysis resulting in improved Sales Forecasting, Better Inventory Management and building more durable and  satisfied .....

It has always been a million dollar question for enterprises, whether to go for customizing an ERP software or make changes to their business processes to align with the standards of the software. It is a tough call to make as their core processes are instrumental in giving them a competitive edge. So, they may end up giving away that edge by modifying their processes, instead of customizing the software itself.  On the o.....

With GST deadline just a few weeks away, significant structural changes are being scripted for India’s tax structure. Underestimating the gravity of such changes and taking GST just as another tax or a tax rate change can backfire in your business in a big way. The implementation of GST will require some serious homework, considering the paradigm shift in the way returns and tax computation will be affected. There a.....

An ERP System functions like the heart of the organization where it has been deployed. Multiple processes are carried out by several concurrent users using the information and functionalities provided by an ERP Software. Over a period of time, users get so accustomed to the ERP System that merely a suggestionof changing the existing ERP System literally pulls the rug from beneath their feet. Some users are so comfortable with .....

With a relentless push towards automation in manufacturing processes, it is safe to say that Industry 4.0 or the Fourth Industrial Revolution has arrived. Industry 4.0 has roped in The Internet of Things (IoT) to drive towards the idea of a smart factory. It is a day and age where an ongoing production process involves churning out products with complex BOMs/processes coupled with the dynamic material, supply, and sc.....

Ransomware has hit hundreds of thousands of businesses worldwide, especially small businesses, who had never expected to be impacted by such a serious virus threat. For people who are still figuring out Ransomware, it is a type of malware which encrypts the entire system and then the hacker asks for the payment in Bitcoins for decryption. Unfortunately, even if the payment is made, the chances of data recovery is less than .....

Technology should no more be seen one-dimensionally and as something which is only accountable for the sustenance of a business. Perceiving it merely as a facilitator of daily chores like Accounting or Payroll Management is a mindset that businesses are getting rid of, and rightly so. They are establishing an effective coupling with groundbreaking technologies, to strive towards innovation and excellence. This is a w.....

OMCs have always been in the midst of changing regulations andglobally oscillating oil prices. They have to be both flexible and proactive if they want to keep up with the globally fluctuating oil prices. Another potential challenge is a geographically scattered market, which makes the implementation of their marketing schemes difficult. There is no one-size-fits-all marketing scheme and it differs from region to region, .....

One of the most striking changes that the GST rollout has brought is in the mechanism of availing Input Tax Credit. This change is on course to not only eliminate discrepancies but to also push more taxpayers into the tax net. Before understanding the changes done in the mechanism, let’s have an overview of Input Tax credit.  It is the credit a manufacturer receives for paying taxes on the inputs used in the manu.....

Not much time has passed since India witnessed the biggest tax reform since independence i.e. the roll out of a unified tax scheme called Goods and Services Tax (GST). GST although seems to be very simple has enough complexities under the hood. Many businesses came to a halt since they were clueless about how to comply with the new tax regime. In these times of indefinites, some companies looked towards their ERP vendors to co.....

It is a known fact that there is no one-size-fits-all ERP Software. Keeping this in mind, software developers impart a reasonable amount of flexibility into their ERP packages, so that users can tailor the software to better align it with their businesses. ERP Systems are developed keeping the best practices within different verticals and market segments in mind. So they serve as a template for organizational adaptat.....

Interest in the technology known as Blockchain has risen exponentially and is quickly passing from being a “geeky” topic to becoming a reasonably mainstream discussion. Companies are innovating to find newer applications of this technology. Simply put, Blockchain is an electronic ledger which is shareable either among public or private users and create an immutable record of transactions, where each transactio.....

Any organization cannot function at its optimum efficiency until all its departments are well connected and integrated. A successful organization is founded on proper communication and seamless information flow between all the employees, management, departments, warehouses, plant, stakeholders, suppliers, etc. An Enterprise Resource Planning (ERP) System is such a system which can serve as a bridge between all the de.....

To define Fixed Asset Management in a nutshell, it is the process that involves the tracking of Fixed Assets, their Accounting, Preventive and Corrective Maintenance, Tracking and Theft Deterrence. It is always a challenge for organizations to accurately track the location, condition, and status of their fixed assets, especially for organizations which operate from multiple locations. To maintain a proper Fixed Asset.....

Agile Manufacturing is the ability to respond to market changes in a swift and nimble manner. Agile Manufacturing is the key ingredient for the survival of any Manufacturing business which is prone to changes in market demands. Manufacturers who can adapt to market changes in a jiffy without compromising on the quality of production often rule their respective industries. ERP Software can help manufacturers&n.....

To define Employee Self-Service (ESS) in a nutshell, it is a feature which is a part of all modern Human Resource Information Systems (HRIS), using which employees can access the transactions related to them. It enables employees to perform job-related tasks that otherwise take a lot of time to complete because of the scattered information as well as workflows involved. ESS Portal typically helps organisations save u.....

SMAC – The Nexus of Forces SMAC, a term coined by Gartner, stands for Social, Mobility, Analytics and Cloud and all these four components form an integral part of the contemporary business and digital landscape. It is critical for every business to expand its customer base at minimal expense. For this they need to formulate better communication strategies, understand consumer behavior and respond to their queries effi.....

The Service Industry covers people-centric organizations and such organizations have specific requirements when it comes to selecting an ERP Solution for Service Industry. Project and Expense Management are integral to the Service Industry and a best ERP Software can help it achieve that, making them use resources in a prudent manner. Being people-centric, organizations are required to record every transaction in a system. Ide.....

The Enterprise Resource Planning (ERP) Industry has thrived and evolved rapidly over the past several years. The ERP Industry rides on several crests and troughs owing to new innovations, advancements and continuously evolving requirements of a business. 2017 saw plenty of changes with cloud implementations accounting for a major chunk of all ERP implementations worldwide. 2018 is expected to witness even more fluctuations in .....

To keep striving towards innovation and strategic excellence, disruption is necessary to bring people out of their comfort zone. Information Technology is meant to accommodate such disruptions and to make space for any potential innovation. Integration of Artificial Intelligence (AI) and ERP is a kind of disruption which businesses must contemplate on. This integration certainly has numerous exciting possibilities lined up for.....

What is Cloud ERP System? When it comes to ERP, choice of deployment matters a lot to organizations. They can either opt for On-Premise ERP or Cloud based ERP application on their preferences. Cloud based ERP Software is hosted on the internet and is available as a sort of Software-as-a-Service (SaaS).  It has gained much more popularity in the recent years owing to its short implementation cycle and less upfront/ca.....

We live in a “customizable world”, a world where we can get absolutely anything and everything tailored to our specific needs. Suffice to say that our generation is extremely accustomed to heavy customization. It gives you a sense of control as everything is “tailored to you.” Well then, how can a business resist the temptation of over customizing ERP Software to its specific needs? Every business.....

“Change is the only constant”. That’s one proverb we have heard way too many times. It is quite true that people resist change. It is even more protuberant in organizations that are on their way to make some significant changes in their working patterns. Employees are hesitant about new methods, policies, systems, etc. This is precisely why change management should not be viewed as a ‘redundant expendit.....

History is replete with instances of ERP system implementation failures. However, to call them failures would be a massive understatement. Such ERP failures could also cause tremendous loss of reputation and goodwill. Forbes mentioned in its list of “Infamous software disasters”, the “Nike ERP disaster” that led to a whopping 20% stock dip in the year 2000. Another on the list was the “not so swee.....

An ERP Software Market Report published by Allied Market Research states that the global ERP Market of ERP is all set to touch US$41.69 Billion by the year 2020. ERP systems have been around for many years now, assisting businesses to organize and simplify their complex business processes. This has led to a tremendous evolution of the ERP technology in the past few years with a good number of organizations joining the bandwago.....

Enterprise Resource Planning or ERP Software like ebizframe assists industries to create a more efficient business. Without an ERP System, it is like navigating on a dark path without any source of light. Business owners have to make decisions on their instincts which might be right, but it is always better to navigate with a source of light, isn’t it? The major purpose of versatile ERP Software like eb.....

Recent changes to legislation in many countries require Food and Beverage (F&B) manufacturers to document their processes and make sure that F&B products are grown, harvested, processed and then packaged in accordance with the appropriate guidelines.  But for the Food and Beverage manufacturers to meet their business challenges, they require a complete enterprise automation system like an ERP to handle all their b.....

An Enterprise Resource Planning (ERP) System is a platform that combines critical functionalities like HR, Accounting, Supply Chain Management (SCM), Customer Relationship Management (CRM), etc. into a single software. Hence, it is very important for small businesses to adopt business management software like an ERP for optimizing and augmenting the productivity of their business. An ERP for small business can help enhance .....

Choosing an Enterprise Resource Planning (ERP) software for your business is one of the most critical decisions you will ever make for your organization. However, selecting the top ERP software in India is not an easy task. Not only is an ERP software cost-intensive to deploy, but it also requires significant time and resources from your end to get going. As competition for ERP business has grown over the years,&n.....

Enterprise Resource Planning (ERP) is basically a platform that combines Finance & Accounting, HR, Supply Chain Management, Production, CRM, Production and other functionalities in a single software. But selecting an ERP System for small businesses is one of the most critical decisions you will ever make for your organisation. However, choosing the perfect ERP for small business is quite a daunting task. With growing compe.....

Hospital Management requires a lot of decision making which becomes extremely difficult without a strong Hospital Management System (HMS) in place. As you require accurate and precise data at each stage, the HMS in the hospital must be full-feature and self-sufficient. Today, it is not possible to visualize a super-specialty hospital without a Hospital Management Software.  A reliable, cost-effective and efficient HMS bec.....

The Food and Beverage (F&B) business operations are complex, chaotic, hectic and very precise in nature. However, with the implementation of an ERP for Food and Beverage Industry, all the complex processes within the business can be managed very easily. Today, cloud-based ERP software have become extremely popular among F&B businesses, as they enable F&B business owners to acquire visibility, insight and control ov.....

Are you planning to implement a new ERP System? Well, it is easy to get excited once you have chosen a new ERP software to augment your business’s digital transformation effort. Usually, the team is all set to transit from that old system and excited about the opportunities that modern technology will bring. But very often it has been noticed that organizations rush from phase to phase in a reactive man.....

To improve your business productivity and foster rapid growth and diversification, it is imperative to streamline your business operations with ERP System. An ERP Software Solution not only automates all the functions in an enterprise but also provides accurate real-time data from Production, Planning, Materials, Finance & Accounts, Inventory, etc.  Also, there are many other critical factors why streamlining your bus.....

First, let us briefly discuss “What is an ERP”. The acronym ERP stands for Enterprise Resource Planning. ERP integrates a company’s core processes such as Finance, HR, Manufacturing, etc. into a single system. It enables improved business performance, supports business growth requirements, provides flexible real-time decision support, eliminates limitation in legacy systems, and provides competitive advantage.....

For most businesses the major marker of success is profit generation. The more profits a business generates, the better the overall growth potential becomes. In most cases, it means focusing outward, on increasing sales, improving marketing efforts and pushing into new or untapped geographies. However, there are other ways to grow or complement existing growth strategies. It starts with integrating the whole organization as.....

Enterprise resource planning (ERP) is software that integrates and automates an organization’s different resources and departments (i.e., human resources, equipment, ma decisions and improve the performance of an organization. These systems also enable businesses to analyze and improve performance, giving it a competitive edge.terials, and office supplies). An ERP system enables an organization to better manage its resou.....