TVS Infotech has launched 'SmartCompo,' a new ERP solution tailored for automotive component suppliers, aimed at enhancing business efficiency amidst growing complexities in the industry. This solution, based on the SAP platform, includes features such as SMS and email notifications to keep stakeholders updated without being on-site. The company plans to release new ERP solutions every six months, focusing on common needs and functions for small to medium-sized enterprises in India.