Codiant develops a customized ERP Solution to fulfill a growing business objective with all assistance. Enterprise Resource Planning is a software system that supports a business to carry out all the diverse business processes in an automated form. It includes Inventory Management, Accounting, Capacity Planning, Invoice Tracking, Market Research, Quality Control, Manufacturing, Sales, Human Resource Management, and many more.
Importance of ERP System for Small and Medium-Sized Businesses-Final.pptx
1. @ Codiant Software Technologies Confidential - 2022
Why small and
medium-sized
businesses need ERP
software solutions?
2. Yash Group Overview
@ Codiant Software Technologies Confidential - 2022
Founded in 1996 and headquartered in the USA, YASH partners with customers to help drive positive outcomes by delivering
business transformation through IT
Codiant has deep industry knowledge and expertise to build highly customized, industry proven mobile solutions for customers
worldwide, across sectors
Soltius – Division of YASH Technologies, is a leading IT consulting and services company providing innovative solutions and
services with greater reach in Middle East
Aaseya is a specialized expert partner, system integrator, advisor and consultant that helps design, build, deploy and manage
client-specific BPM engagements
C5MI has deep knowledge in managing world-class business processes, implementing cutting edge technology solutions for
manufacturers and supply chains globally
YASH EUROPE (Formerly known as ITPM Consulting) offers focused advisory and strategic consulting in Banking industry that
address today’s business challenges
3. Introduction
@ Codiant Software Technologies Confidential - 2022
No matter what is the size of your organization, getting seamless access to
advanced technologies is required to beat the market competition and drive
improved business growth.
With ERP software solution this business objective can be achieved
effectually. The system allows your organization to make optimal use of
resources by bringing automation and streamlining essential processes.
Moving ahead, we have mentioned all the key aspects that can help in
improving your enterprise’s role in the competitive market environment.
4. What is ERP?
@ Codiant Software Technologies Confidential - 2022
The term ERP means Enterprise Resource Management, it is the
integrated method that helps in collecting and managing business data
through integrated software. The application integrated into this system
helps the organization in automating processes like sales quoting,
production, accounting, and many more.
5. 1. Integrates Information Flow
2. Increases Productivity
3. Improves Decision Making
4. Reduces Human Errors
5. Promotes Business Control
6. Automates Workflow
7. Boosts Collaboration
8. Increases Sales and Long-Term Planning
9. Enhances Data Security and Improves Quality
10. Better Customer Relationships
Importance of ERP in Small and Medium-Sized Businesses
6. • Integrates Information Flow
The ERP system streamlines the flow of information between different departments and handles the financial processes of the
company in real-time. The financial transactions like product pricing, warehousing, order entry invoicing and more are all managed
collectively.
• Increases Productivity
A centralized system to gather data ensures better productivity and business growth. It eliminates insignificant efforts of interacting with
a huge amount of data via spreadsheets or other documents. Storing centralized data promotes simplified communication,
collaboration, and accessibility of data to bring improvement.
• Improves Decision Making
ERP solution provides real-time and easy access to the data which enhances marketing, management, and accounting activities. This
collaborative data enables quick analysis & valuable insights to provide enhanced decision-making. It also minimizes the risk of failure
and delayed deliverables.
7. • Reduces Human Errors
The process automation through ERP helps in eliminating common human errors like missed orders, improper inventory management,
incorrect invoice generation, and more. Thus, an organization can ultimately enhance employees’ confidence and boost their overall
productivity.
• Promotes Business Control
Organizations having huge data and frequent usage of spreadsheets are likely to do errors and leak data that leads to poor brand
image. But with ERP system integration, such errors can be minimized to save the extra cost and protect the business from facing any
negative impact or downfall.
• Automated Workflow
Managing business processes manually is not a smart way to run organizations because manual processes are more likely to perform
errors like miscommunication, inventory flaws ,etc. Therefore, bringing automated systems like ERP software can help in building a
reliable customer experience and good employee satisfaction level.
8. • Boosts Collaboration
The ERP software enables an organization to communicate in a better way. It becomes easy for different departments to get easy
access to data and thus enhances overall business productivity. It becomes easier to transfer data across departments that promote
strong collaboration and enhances decision making, and business management.
• Increase Sales and Long-Term Planning
Handling manual inventories and receipts may cause errors and lead to false or misleading reports that lead to poor budget
management or decision making. On the contrary, ERP software solution automates the bill/report generation process and improves
overall efficiency. It also promotes profitability and consistency in planning better policies.
• Enhances Data Security and Improves Quality
Ensuring data security is a prerequisite in any organization which is smartly managed by using ERP software solutions. It offers a
centralized system to store data that promotes collaboration across departments and helps in improving efficiency, accuracy,
consistency and security.
9. • Better Customer Relationships
Retaining and building a huge customer base is the sole goal of any business and for which systematic data storing and analysis is
required. The ERP system helps in optimizing stored data and provides useful insights to focus on enhancing the company’s products
and services.
10. The Takeaway
Creating a powerful data hub is the need of every business. ERP system enables organizations to streamline the entire organization
system by storing data in a centralized system, providing better accuracy, and an improved way of fetching efficient reports.
Moreover, it also promotes improved inventory planning and data forecasting that eventually helps in maintaining collaboration across
departments.
11. It’s time to scale up your business efficiency with ERP software solution
Connect with Codiant’s highly experienced team of experts to adopt technological innovations. We are helping businesses to grab
better opportunities with robust management solutions like ERP and CRM.