Enterprise resource planning software (ERP) integrates all departments and functions of an organizations into a single system to help manage the business. Enterprise Resource Planning system is often used by all organizations regardless of the size of the organization and type of the organizations. Departments that are often integrated through ERP software include finance, planning, marketing, human resources, sales, reporting, manufacturing, operations, and more.
Advantages of using Enterprise Resource Planning system include improved productivity and streamlined processes. ERP software lets the users to automate cross-department operations and house all data in a central location. This helps users to track reporting and foster growth through access to centralized and accurate information.
Implementation of ERP software can help businesses manage multiple essential departments. By integrating departments through Enterprise Resource Planning system, you can minimize the costs associated more effectively and enhance the performance and speed of your enterprise. Enterprise Resource Planning system can help improve communication and coordination between departments to ensure operations are functioning properly at all times.
While each department serves its own purpose individually, all aspects of enterprise function to add value in the journey towards achieving business objectives and financial goals. The biggest benefit of integrating departments is centralizing the aspects of business which will lead to success. Another benefit of successful ERP system is having all business units operating under the same definitions and understandings of data.
On-premise is the traditional licensing model where the user have to acquire the license per user or per company installed in the userís office site or premises. After a certain period depending on the arrangement with the solutions provider, user undergoes support agreement that ensures upgrades and support for questions or issues that will arise when the user is using it live. Both client-server and web-based platform products offer the on premise model. Cloud-based ERP is a subscription based model where the user pays the service annually, quarterly or even monthly per user. The recurring payment should include the support or maintenance agreement. Only web-based platform ERP product can offer SAAS based model.
For many companies, moving their IT infrastructure and software to the cloud reduces the need for in-house support structure and saves the cost of server hardware. Cloud-based ERP can be easier to scale functionality and users either up or down as required. And, it can often make it easier to share information across regions or locations. However, for some companies, you might not be ready to cede security to a third party and prefer an on premise solution, and thatís okay with us, too. Weíre one of the few software providers that offers flexibility for our customers and still provides on premise ERP solutions. We help you choose based on your unique organizational requirements.
Data migration and historical data transfer is typically agreed upon with the service provider during the pre-selling stage. KENCloud lets you migrate your old data such as users, chart of accounts, inventory items and beginning balances hassle-free.
Solutions available in the market normally have their own APIs available in integrating with other software or database. The success of the integration all depends on the commitment of the software provider and the participation of the third party software in providing necessary information or documentation during the course of the integration development.
Though ERP can ultimately benefit almost any and every business, most of the companies that adopt ERP software are looking to reach performance or financial goals. Since ERP functionality is practically limitless, you can adopt a module for every aspect of your company that produces and utilizes business data.
ERP systems are typically configured with a relational database, or a collection of data items that are organized as a set tables, charts, and graphs. This relational database collects information on all of your business transactions and automatically organizes the data in a way that allows you to quickly access what you need.