Clouddatasol - ERP
Cloud Data Solutions’ ERP (Enterprise Resource Planning) is a modular software used by an organization to manage day-to-day business activities, such as accounting, procurement, human resource, project management and manufacturing etc. It is the central collection of data for wide distribution. CDS provides customized cloud based ERP software solutions for any kind of business. Our goal is to make the Entrepreneur control the business at their finger tips, no matter how far they are from the operations.
Modules of ERP
A CRM component in an ERP system is a centralized repository of customer information that customer-facing departments across the company can use and access. The repository includes information about company interactions with prospects, customers, clients and partners. It can track all of these interactions across marketing, sales, service and any other customer-facing departments to ensure everyone is using the same information. The CRM component includes sales force reporting, tracking and automation, marketing, service and support.
ERP offers a centralized HR system that enables organizations to track personnel hours and employee performance evaluations throughout the company, as well as administer benefits and manage talent and staff development. Increasingly, companies want to use their HR systems to recruit new talent in the marketplace, map out succession planning and manage corporate compliance issues concerning employees.
Last but not least, we come to the financial management component. Since every business process involves the flow of money, whether it’s paying your employees or paying to ship goods, this component works with all of the other parts of your ERP system. A financial management system stores and analyzes all of your financial data. This includes accounts payable, accounts receivable, costs and budgets. Analysis of your data can reveal trends in your spending, helping you better understand how your profit is calculated and where to reduce costs. You can also receive financial forecasts with data analysis, allowing you to increase profit in the future.
Inventory Management System
An inventory management component is one of the most collaborative ERP components. Inventory management works in tandem with the SCM component but also dips its toes in other processes, such as sales and warehousing. The main purposes of these components are to manage order fulfillment and the stocking functions in a warehouse. The best inventory management components come with tracking features that all but eliminate manual inventory control. These features include multi-level serial number tracking, revision level tracking and multiple units of measure per product ID or SKU.
Also available in ERP project management software is comprehensive project management. This includes multilevel work breakdown structures for projects, project resource scheduling and bid and contract management. Resources consumed in the project provide visibility in one-off project management software, including assets, inventory, materials and labor. It also enables accurate and timely billing of project costs throughout the project's lifecycle. Companies can track project profitability and control margins simultaneously as a project is being performed. Using this system enables managers to fine-tune project performance and ensures that key performance indicators are met.
Business intelligence (BI) has quickly become a standard in ERP systems and it’s easy to see why. The BI component of your ERP software collects and analyzes data, providing you with actionable insights related to your business processes. And as businesses start to lean more heavily on decisions backed by data, BI becomes indispensable. The best BI ERP components deliver those insights in reports. A good reporting feature is very important in BI and enables you to make sense of the data analyzed. Some reports come in the form of numbers and tables. However, many prefer visual reports because they allow you to spot trends at a glance. Whichever you decide is best for your company, make sure that it’s available in your ERP’s reporting capabilities.
Supply Chain Management
Creating an effective supply chain is never easy, especially when you don’t have the best tools to oversee your operation. Ensuring that your ERP has a Supply Chain Management (SCM) component is crucial to staying competitive in this arena. Your SCM should optimize both manufacturing and distribution processes and create an overall more efficient supply chain. This starts by collecting real-time data. Real-time data allows you to find and fix issues as they happen, rather than waiting a day or more after the fact. It also makes predictive analytics possible to help with demand planning. Real-time data can help you create an accurate and up-to-the-minute production plan so that you meet demand, but don’t exceed it.
There can be n number of such modules depending on a particular industry. Such modules can be Asset management software, Attendance management Software, Payroll Management Software, Sales Management, Production management, etc.
Benifits of ERP
- 01ERP can improve quality and efficiency of the business.
- 02ERP supports upper level management by providing information for decision making.
- 03Revenue tracking, from invoice through cash receipt.
- 04Saves time and expense.
- 05Sales forecasting, which allows inventory optimization