What Is ERP & Types of ERP?

ERP stands for Enterprise Resource Planning and it has been used by most of the organization to manage different business operations and departments like Sales, Marketing, Accounting, Risk Management and Human Resource(HR).

This one is a special type of utility that knows how to improve and handle your business by managing the raw materials. It basically plays a role of leadership which also manages the cost and produces more products to provide the desired results to the users. Also manages multiple businesses without imposing any kind of size or resource limitation.

A particular organization has its different departments organizing with different systems and they will not be able to access the data with each other. And if we talk about ERP, then also all the departments have their own system, but they can be easily accessible by one system.

ERP binds up with multiple industries, corporations, and organizations and plays the role of the central database system. It has been designed and build up to meet the needs of an individual business and also maintains the proper data of organizations without imposing any kind of size, word, structure limitation.

Why you should go with ERP? What Kind of Benefits it will provide?

There are 100s of benefits of using ERP, we didn’t even go through with all of them. But Yes, We will discuss some major benefits:

1. Access to new technology

Through the use of an ERP system, a particular organization will be able to know about the new technology to work on. ERP has thousands of technology inhibit in it which is used to increase the growth of the organization and maintains the proper inventory structure.

2. Manage the Resources

ERP as a Central Database system knows how to utilize the resources from labor to inventory field. It identifies and track the needs in different operations, services and function and will identify the use of different resources in different areas in a decent manner and to save it for the future consumption.

3. More Data Security

It has a high-security data system and works 24/7 to monitors and maintains the system and distance from other cloud security threats. The Software in ERP will also manage the tracking of each financial transaction and provides the company full financial reports without any extra addition. Saves the data from all kinds of cyberattacks.

4. Flexible to use

By using ERP, the data is flexible to use by all the employees of the company through a particular system. When the data is present in a particular system, The system gives access to all the departments and makes automatic reports for different areas of the company. It also enhances the creativity of the company.

5. Saves the Cost

Using ERP, a particular organization can save a lot of money in multiple ways. They don’t need to make more cost-productive systems for different areas of the company, Only one productive system is enough to maintain the complete database of the company.

6. Consistency

Maintains consistency in the work and provides support 24/7. Basically, the technical team in the ERP system resolves the error instantly whenever it generates, they don’t wait for the correct time to solve it. Instead, it’s better to resolve the errors instantly so that they will not affect further operations. And maintains the complete standards and regulation of all things.

7. Increase in Insights

Maintains the businesses in a professional way and will try to generate more and more growth by utilizing the resources, maintains the data, reducing the generated errors, and many other things. ERP system works as a Leader which leads to better decision-making about a company and has access to all the relevant data.

How does ERP work? What is its implementation?

There are different stages based on which ERP work step-by-step:

1. Build a Road Map: At first, ERP identifies the needs of a particular company and discovers the plan for how to utilize the resources and complete the needs for better business growth.
2. Selection: After that, it manages the resources and selects other different types of requirements needed to work on the built Road Map.
3. Layout: Build a proper layout and design and figure out related inventory for the proper customization.
4. Growth: After finding all these things, ERP builds a team to train them about how to do the work in an organized manner and begin the training sessions for defining the data.
5. Testing and Evaluation: This is one of the most important steps of the complete process. In this, we basically test the team, resources, and other data that they are going well or not. And only after examining all the things, we approve the work.
6. Support: Ensures that all the things are going well or not. Examines that the users are gettings the things, data, and resources according to their needs. And maintains a technical support team for all the departments or areas of the company.

Types of ERP Software

There are multiple types of ERP Software which we discuss today:

1. Tally.ERP 9
   • Tally.ERP 9 is one of the well-known business management software which manages all the small and large scale businesses.
   • It acts as GST Software and manages all the records up-to-date. Makes the GST bills, manage returns and errors in the data.
   • It is safe, secure, and easy to use by all organizations.
2. Crest ERP
   • Crest ERP is one of the most powerful tools of ERP which manages the resources effectively and brings more productivity.
   • It is one of the affordable ERP Software to be used for business growth and is always Available on Request.
3. Oracle ERP
   • Oracle ERP is a cloud-based ERP technique that works as an end-to-end Software as a Service connection(SaaS).
   • It works on the factor of risk management and improves finance ability and reliability on the work.
   • It can be accessed by both the private and public cloud implementation.
4. Oracle NetSuite ERP
   • It allows businesses to focus more on the market-growth opportunities instantly.
   • Build to make faster, better, and perfect decisions.
   • Increases visibility and personal growth and manages the back-office processes.
5. ERPNext
   • ERPNext software works according to the needs of the user and will allow them to choose the hosting provider of their own choice.
   • A user in this software should have control and freedom over the ERP Software.
6. Ray Tech
   • It is a collection of functional tools that have been used for business purposes.
   • Provides safe and secure solutions with innovative ideas and partner support.
7. Align Books
   • AlignBooks is an Online Accounting Business Software that works for small and medium class businesses.
   • Provides faster customer acquisition and provides the services at normal prices per year.
8. CAMS-Exact
   • Cams-Exact ERP is a multi-user and multi-tasking ERP that has been designed with highly advanced features.
   • It helps in improving performance by managing different operations across different functional areas of the organization.
9. Ramco ERP
   • Ramco ERP works on the basis of the 360-degree platform which basically exhibits all particular functions on a single platform.
   • Businesses can gain more productivity and more increment in performance.
10. TCS iON
    • TCS iON is a cloud-based ERP service solution that has been specially developed for increasing small as well as medium businesses.
    • Has an authorized feature of upgrading the business operations without any cost.
11. BatchMaster ERP
    • BatchMaster ERP is one of the known ERP leading service providers.
    • It provides you the right software solutions which work according to your needs.
12. DataNote
    • DataNote is one of the known desired technology which has been designed to provide the expected results to the users.
    • It works fastly and efficiently and provides results without imposing any kind of limitation.
13. UneeCops-SAP Business One
    • It is one of the simplified technology used for Business Automation.
    • This has been used to create innovative ideas for new business startups, innovation.
14. Focus 9
    • Focus 9 has been used for small, medium, and large-scale businesses and creates flexibility among them.
    • It is built with advanced features to increase the performance of businesses.
15. TYASuite Cloud ERP
    • It is one of the perfect solutions which has been used globally by most leaders.
    • Increase productivity and create a good collaborative environment.
16. Avaniko
    • It is one of the unified platforms which works digitally and collaborates all the functioning into a single software.
    • Works Globally and increases business insights for both small and medium level businesses.
17. Reach
    • Reach ERP is one of the unique accounting Software which works according to the needs of the user.
    • Provides the Software to reach the highest level of business solutions.
18. StrategicERP
    • Implements different strategies for growing the real-Estate business and different startups.
    • Used Artificial Intelligence Technique to works more friendly and manages the proper time with that.
19. Medicin ERP
    • Medicin ERP is fully automatic and has more advanced features which make it user-friendly.
    • It can be easily accessed from anywhere in the world.
20. Expand smERP
    • It is goal-oriented and manages the day-to-day business activities.
    • One of the best investments in growing your business in multiple aspects.
21. Rujul ERP
    • Rujul ERP makes Business Accounting more simple and elaborative with Tally Integration.
    • It empowers the operations of retailers, wholesalers, retailers who belong to different-different businesses.
22. Pact ERP
    • Pact ERP enables different users to manage their businesses in a professionally organized manner.
    • It manages all the key operations in a single integrated software.
23. Ramco ERP
    • Ramco ERP works like a 360-degree platform to analyze business operations in an organized manner.
    • It also provides a chat boot to manage daily activities with lots of conveniences without any disruption.
24. MMI Xpert
    • It provides the complete all-in-one solution for small and mid-size retailers, wholesalers and manufacturers.
    • Reduces the different software systems for different functions and combines all-of-them at once.
25. Marg ERP 9+ Software
    • Helps you to find better solutions to build better products.
    • Completes the target on time before the actual date and works as a centralized control system.
26. Busy ERP
    • It is one of the well-known Accounting Software which has been used to record daily business data.
    • Many users want to continue with the remote service of Busy ERP.

Conclusion

Here, we have discussed, what is ERP and the types of ERP systems that can be used as accounting Software. For more information about a particular ERP, connect with our technical team.

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