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Effect of COVID-19 on ERP Development Companies in 2021

ERP development companies

At the core of a global health disaster, the Coronavirus disease 2019 (COVID-19) pandemic portends an extreme shift in the way the world will work in the future. As we all know that there is no option other than lockdown seems to exist in the corona-impacted world.

As the businesses are striving with operations due to the restrictions in highly affected areas. The ERP software comes to the rescue for those industries which are allowed to work but with a limited workforce. As ERP software offers the great advantage of access from anywhere, businesses can look forward to restoring their supply chains without wandering to resume operations. Here is an opportunity for ERP Software Development agencies to extend support to such businesses to transform business needs for virtual operations.

 

effect-of-covid-19-on-ERP-development-companies-infographic

If your company is seeking technical and innovative ERP Solutions, NOI Technologies can certainly help you. Drop your enquiry here or write to us at [email protected] for OFBiz applications, custom ERP development, online supply chain management, IT consulting, web design and development services.

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ERP Software Development-10 Advantages of using Team Allocation tools

Team Allocation tools

The Team Allocation Tools can streamline the ERP Software Development Process by utilizing resources in a better way. It also ensures timely completion of the project and offers various metrics to track the development.

The team allocation tool referred to as a workload management tool can ensure how effectively and productively you can use your organizational team to deliver the tasks on time. In businesses, multiple people are involved in working on a task, and every person should have accountability and time-frame to deliver the tasks on time. Here the team allocation or workload management can play a crucial role in ensuring that tasks are divided well between the different people involved in a project. It helps provide the timely delivery of projects and allows employees to define their work scope better.

Why Use Team Allocation Tools in ERP Software Development?

There could be various reasons to use team allocation or workload management tools as it gives the benefits to ensure that the development project gets finished well in time. As there are various development methodologies like- Agile is followed in ERP Development, the team allocation tool can ensure a smooth connection and consistency between team members to facilitate the completion of various modules or tasks.

Team allocation tools
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10 Advantages of Using Team Allocation Tools in ERP Development

Here are various advantages of using team allocation tools with the ERP framework:

1) Efficient Resource Planning

It efficiently helps plan your organizational resources and enables tasks or activities to be divided well between the team to achieve desired outcomes. Human Resource being the center point of business and processes, it is essential to utilize them well.

2) Creates Coordination between Team

Since team allocation tools offer the capability to track various activities, scheduled tasks, project scope, deadlines, etc. It helps in creating active coordination between the team to work towards the timely delivery of the project.

3) Helps in Making Business Environment Dynamic

The team allocation tools can help make the business environment dynamic by utilizing employees’ right skillset towards the tasks or projects to perform better. It not only boosts the confidence and skill set of an employee but delivers value to the organization.

4) Helps in Identifying & Synchronising Work Scope

The time allocation tool can help employees know about the exact work scope of tasks or projects by inculcating workload management aspects. The employees can mark the project status from their end to ensure which goals are met and how much progress has been made. It synchronizes the efforts of different team members.

5) Manage Tasks in Easy Way

Since the Team allocation tool might offer a common dashboard to keep track of tasks, it becomes easy for team members to brainstorm on tasks’ functionalities to deliver better results.

6) A Trusted & Secure Platform for Internal Teams

The team allocation tool can act as a completely confidential and secured platform to ensure data privacy in the best possible way. It can only be accessed by a limited number of team members within the project. This is possible by assigning and eliminating specific rights through functionality provided in the software.

7) Fosters Time Management

Team Allocation Tool can help businesses track projects and resource allocation based on time. It not only ensures timeliness within an organizational framework but ensures prompt delivery of projects.

8) Eliminates Scope of Errors

There could be a risk of fallback errors due to the failure in coordination between employees and tasks. The team allocation tool offers a more significant advantage to track such gaps and eliminate the scope of committing errors throughout the business process.

9) Helps in Calculating ROI in terms of Key Performance Indicators

As human Resource is a crucial aspect of a business, it is important to know how an employee aligns with tasks or projects. It can be accessed by getting ideas about KPIs associated with the project and its completion ratio within the team.

10) Helps in Deciding Priority of Team & Tasks

There could be multiple teams involved in software development. It is vital to ensure the priority of both teams and tasks to make the workflow smooth and consistent. It not only delivers positive results but also enables efficiency.

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10 Best Frameworks For ERP Development

ERP Development

The Open-Source ERP Frameworks are quite competitive as compared to licensed software. Businesses can customize them as per the needs and requirements to leverage features.

Businesses need to foster efficiency and operability to improve growth and productivity to scale up the operations while ensuring core business aspects. As there are many activities required daily, it would be relatively inefficient to handle them all manually by allocating each human resource to make things happen. In finding the right solution to manage invoices, operations, logistics, delivery, and many other activities, The Enterprise Resource Planning software can offer them numerous advantages to make their work relatively easy. The ERP software can streamline various business processes by aligning tasks and reporting them on a real-time basis to ensure that nothing gets failed to deliver the best to the business.

Open-source ERP

Why Open Source: Understand ERP Development Software Market

There are numerous software packages available in the market that comes bundled with essential features that might cost relatively high to businesses and incur recurring costs. To make ERP systems cost-efficient and affordable, open-source frameworks like Moqui and Apache deliver the same competitive features at a relatively lesser price. It also gives them the freedom to customize and modify the platform as per the business needs.

The Open-Source Frameworks feature many competitive features & benefits that also come with paid versions of the software. Businesses can leverage them by adding their features and custom components to get the ERP solution at effective prices.

10 Best Open-Source ERP Frameworks for ERP Software Development

Here are the top 10 Best Frameworks for ERP Development. These different frameworks come with additional features and compatibility options and may vary as per business type and requirements.

  1. Moqui

Moqui is one of the most popular and cost-effective ERP framework suitable for all kinds of businesses. It can deliver solutions for modern business applications and be deployed on the latest cloud technologies. Being an open-source ERP framework, Moqui framework offers the advantages to customize the features and components to suit the business needs.

Moqui Framework | ERP

  1. Dolibarr

It is an open-source ERP development package based on Mysql and PHP ERP frameworks. It is quite lightweight and hosts numerous features for small and mid-sized businesses. In terms of talking about the parts and functionalities, it offers cross-platform compatibility to modify the code to integrate new features. It can also perform all operations such as invoicing, logistics, accounting, HR, etc.

  1. ERP Next

The ERP Next developed using Javascript and Python-based ERP Programming Language. It is software backed by easy to use interface to ensure ease of accessibility. It is an affordable, powerful, and reliable solution for warehouses, retail stores, and large organizations to meet enterprise resource planning needs.

  1. Apache Ofbiz

This is quite a reliable and popular platform by Apache. As it is an open-source platform with the capability to host numerous features compared to other licensed products globally, it makes it unique and desired for businesses to use this software. Apache OfBiz Framework supports both web-based and cloud-based deployment feature-rich ERP to offer interactive functionalities to businesses.

  1. Odoo

A powerful and feature-rich ERP open-source framework written in Python offers unique ERP functionalities to businesses to support various activities such as CRM, Sales, Logistics, etc. It also supports integrating third-party apps and applications to make it quite adaptable to standard software and platforms available in the software market. Odoo framework is also deployable over web and cloud infrastructure to eliminate device dependency by allowing remote access and control.

  1. MetasFresh ERP

It is quite a reliable and solution-oriented ERP software framework to deliver the best solutions to business needs. It is easy to customize open-source frameworks that can integrate the required accounting, financial management, human resource, sales, etc. In terms of development, it is based on the Java swing framework and supports enhanced security features.

  1. Tryton

It is also one of the famous ERP frameworks developed in Python that businesses can leverage to track and perform various tasks. It hosts multiple features to support enterprise resource planning and allows easy customization of parts and components.

  1. EasyERP

It offers comprehensive solutions related to essential enterprise resource planning features. This is quite a desired software framework perfect for getting crucial insights about different activities like- accounting, invoicing, logistics, HR, etc. It does have all those features that come with licensed software to solve challenges related to managing businesses.

  1. ERP5

This is another solution if you are looking for a reliable ERP framework. It is quite a flexible open-source framework to offer the best features to ease out business processes. This software framework is quite adaptable industry-wide by banks, government, and various types of organizations.

  1. Ino ERP

This web-based open source ERP framework developed in core PHP to offer the power of web-based platforms to businesses. It offers quite a flexible approach in implementing and adding features required for specific types of businesses.

These best open-source ERP frameworks backed by technology can offer ease and convenience to businesses to leverage efficiency and attain growth.

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SalDist – The Omnichannel Retail Solution

The SalDist is a B2B E-commerce Omnichannel retail solution for businesses to leverage the aspects of an omnichannel strategy to drive revenue and growth for businesses innovatively and efficiently. From the Omnichannel solution to ERP Management, it helps businesses to monitor and track the right aspects needed to acquire a consumer base.

 

The world of consumer presence is expanding day by day and bringing new trends in the sales and marketing ecosystem to retain consumers. As businesses are no longer limited to physical space, various strategies can fuel up sales and bring more revenue to businesses by tapping the potential of multiple platforms or channels. This can be innovatively done through omnichannel retail solutions to combine the elements of sales and marketing for businesses.

 

The Omnichannel Retail Solution offers integration between the physical store and online platforms. It extends the convenience to consumers to place an order through e-commerce platforms and collect it physically through brick and mortar store. The comprehensive synchronization of order management, inventory, and fulfilling customer experience makes it unique. It also captures the essential data points and consumer details to deliver consumer experiences throughout the consumer journey. It is all made possible through an Omnichannel Retail Solution like SalDist.

 

SalDist – Omnichannel Retail Solution

 

The SalDist Omnichannel Retail Solution offers clients and businesses with out of the box shopping experience to tap consumers at various touchpoints. It helps in consumer retention and offers seamless integration of various channels for enriched shopping experiences.

How Can SalDist Help in Engaging Customers to Drive Sales?

The SalDist Omnichannel Retail Solution is a desired ERP software for businesses to target consumers by allowing them to perform purchases through various channels seamlessly. It can be achieved by integrating business presence on various digital channels and following them at various touchpoints through the consumer journey to increase sales percentage. Thus it can also help in customer retention and drive enormous growth for businesses.

Features of SalDist – B2B E-Commerce Solution

Omnichannel B2B Solution

It offers flexibility to consumers to choose any specific platform to purchase products or services. As a business which s having an omnichannel presence on the digital platforms, a customer can buy products on either a website or a native app. This omnichannel B2B retail solution will ease the buying process as they don’t need to visit a physical store to purchase products every time. They can also place an order through different channels or platforms. This integration with the Point of Sale System helps maintain and manage consumer information and data innovatively.

Personalized In-App Features for Product Catalogue

The product catalogues in the B2B segment are quite extensive and confidential. It is only accessible to genuine clientele so that the product specifications or design doesn’t leak out in the market. The B2B E-Commerce solution offers various in-app features to ensure integrity by offering personalized shopping experience and access to custom catalogue as per the business requirements. Through this, the businesses can also get access to various insights about the potential consumers looking for their product. 

Seamless Integration of Offline & Online Data Across Platforms

The SalDist Omnichannel retail solution offers quite a unique feature for business owners to sync online and offline customers’ data to retarget them at various points in the customer journey. It also helps in upselling and cross-selling of products to customers through digital channels as per their buying traits and demographics. This can be done through an embedded back-office ERP system to support these custom functions.

Back Office ERP for Business Solutions

The Back Office ERP by Saldist can offer business owners convenience by managing various functions and activities of businesses such as- Accounting, Invoicing, Sales, etc. For E-Commerce based businesses, it can also help in order fulfilment, inventory tracking, and delivery tracking. It ensures the fulfilment of high volume orders and enables quality tracking throughout the business process.

Reporting of Crucial Data Points

The SalDist B2B E-commerce Omnichannel Retail Solution also assists businesses with crucial data points based upon the activities of businesses. From tracking various activities to ensuring quality assurance, the tool is capable of reporting analysis based on different factors useful for businesses. It helps business owners to manage the business with ease.

Building Data Source for Decision Making & Marketing

Tapping into consumer details in offline and online mode through a POS System integrated into ERP can help businesses utilize that data for various other marketing aspects. The data synchronized between omnichannel platforms and databases can be used for remarketing, email, and SMS campaigns.

Helps in Solving E-Commerce Challenges

The B2B Ecommerce omnichannel retail solution aims at solving e-commerce related challenges innovatively by handling inventory demand-supply, offers and personalized promotions, product returns, customer fulfilment, etc. It helps in minimizing logistic costs and maximize the potential for profits.

Why SalDist?

The SalDist B2B Omnichannel Retail Solution can help businesses to manage sales in a comprehensive manner covering offline and online sales platform. It will not only assist in targeting the consumers and increasing sales but will also help in other areas related to business. It is a return-oriented solution for enterprises to leverage growth and profit by integrating an omnichannel retail strategy in e-commerce.

 

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The Latest ERP News Of the Month – The 2020 Series

Latest ERP news

The ERP is constantly evolving day by day offering different aspects and advantages to organisations to leverage the trends in one or the other way. As the business trends are progressing, there is a need for more diversified and capable features that can boost both sales and operations for the organisation. This blog features some of the best breakthroughs and updates of the industry in September 2020.

  • SIEMENS Collaborates with SAP for Industrial Transformation

The SIEMENS network along with SAP has planned to come together to innovate in the ERP space by leveraging the software proficiency and expertise to drive industrial transformation. As a combination of products to drive growth in asset management, resource planning and management solutions, the partnership will offer numerous advantages to the businesses and enterprises with solution-oriented ERP systems capable of solving large scale business challenges.

Siemens and SAP | ERP
plat4om.com
  • Industry 4.0 to Bring Revolutionary Changes to ERP Ecosystem

The Industry 4.0 revolution aimed at offering exponential growth through the digital-centric systems also aims to boost the ERP ecosystem by integrating next-generation solutions for the businesses. As per the subject matter experts, it fosters an ecosystem where ERP is just not about changing or replacing the existing ways of the back-office system but it enforces features to harness the capabilities of data analytics, automation and artificial intelligence for businesses. Industry 4.0 empowers organizations to become more productive by utilising these next-generation ERP trends backed by cloud-based software systems.

altoros.com
  • ERP & IIOT Trends to Re-Transform Food Businesses

The IIOT referred to as Industrial Internet of Things is a new buzzword in the ERP industry as it offers numerous advantages to food businesses to transform their business models and approaches by utilising the benefits of ERP system. From packaging to product delivery, using ERP combined with IIOT can help businesses deliver more during the tough times of COVID scenario. It can also ensure safety standards by integrating a holistic approach of enterprise resource planning and monitoring to deliver enhanced benefits to both consumers and organisations in a safer way.

IIOT for food management | ERP for food industry
iotdesignpro.com
  • Accenture Federal Services to build cloud-based ERP Infrastructure for U.S Air Force

The Accenture Federal Services, a subsidiary firm of Accenture has won the contract for the U.S Air Force to develop cloud-based enterprise resource planning infrastructure to facilitate operations and strengthen resource planning. The contract worth $89.5 million will foster U.S Air Force to get equipped with the latest technological advancements under this deal.

  • Education ERP Market Booms amidst Coronavirus Crisis

As the coronavirus has impacted the majority of industries, it is anticipated that the adoption of digital mediums in education will boost the ERP adoption in edutech industry. Segmented by on-premise and cloud-based system, the use of ERP systems for such organisations will help in easing the resource planning and will drive more productivity. After lockdown, most of the schools and colleges are delivering lectures online and it is the intense need for edutech companies to invest in ERP systems to manage the operations efficiently.

frontlineeducation.com
  • ERP Softwares to Drive Increase in Global Spend in IT, Says Gartner

Leading research firm Gartner has released a report stating that the ERP Software particularly backed by cloud-based applications will influence the overall spending in IT infrastructure. This will increase global spend contributing to 3.2% jump as compared to previous years. It is an interesting fact to know that ERP software market is progressing quite well as compared to other sectors in the IT industry.

These recent developments give us a positive outlook into the ERP industry benefiting the organisations to contribute towards industrial growth. We hope that this news roundup gives you interesting insights into the latest news in the industry.

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Internet of Things and ERP – A Combination to Multiply Profitability

Internet of things and ERP

Introduction

Enterprise Resource Planning (ERP), the system enables companies to manage their resources, improve data visibility, and decision-making processes.

According to the Panorama Consulting Solution Research Report, 81% of companies will adopt or have already implemented ERP solutions for operational excellence and customer services. That means most companies are already working on ERP solutions. And if your company is one of them, then you need to figure out what makes you stand out from the competitors? We all know that implementing the ERP helps you achieve good ROI, but it won’t help you stay ahead of your competitions. The best facet to stay ahead in this cutthroat competitive world is to use the latest versions of the ERP system and keep integrating the latest technologies like the internet of things and ERP. The amalgamation of ERP and IoT can be highly beneficial for companies- for both back-office and customer-services processes. So let’s dive deep into the benefits of integrating the internet of things and ERP.

Advantages of Integrating ERP and IoT

IoT solutions let you share the data in real-time from all kinds of devices into a company’s internal ERP system. Now companies don’t struggle in transferring the external data into the internal applications. Data analysis and collection from these IoT devices will help your company to gain business-related insight in real-time.

ERP system

Improved Interaction

Generally, from the time products are made until the time it is delivered to the customers; it involves many people. Companies keep track of detailed information about the product that has been sold. When manufacturers are in direct touch with customers, it is easy for them to keep a record of every product. But when vendors or dealers are involved, it is hard getting the exact information about the sales and users’ details.

After the emergence of IoT, all details automatically stored in real-time, send it directly to the ERP systems. Therefore, it strengthens the communication between people and simplifies the process of strategic planning.

Business Intelligence

ERP, when integrated with IoT, assists companies to fetch the business information promptly. The continuous process of fetching the data lets companies analyze the errors in real-time, which helps them make instant decisions that increase companies’ revenue. Along with integrating IoT and ERP, companies can also incorporate ERP tools with Artificial intelligence and Machine Learning, to make optimal decisions.

ERP | Business Intelligence
mojix.com

Quantity and Quality Data

While every company is trying its best to achieve success in today’s digitally driven world, the success hugely depends on the quality and quantity of data collected by them. Integrating the internet of things and ERP enables the ability to collect the relevant data, an ability that any change in the process directly showcases in the ERP system instantly. All the issues are immediately notified in the system that helps you take immediate action, which eventually streamlines the whole process.

Internet of things and ERP
congruentsoft.com

Final Words

ERP solutions are built to reduce the complexity of business processes, enable team collaboration, and offer real-time data analytics for making the most appropriate decision. Each department of a company can work together on one platform; it reduces the paperwork and enhances employees’ productivity, reducing human efforts.

The basic ERP system can do so many tasks and is now combined with these new advanced technologies like IoT, AI, and ML to run the business process more efficiently. While ERP helps companies increase accuracy, advanced technology like AI and ERP, AI, and IoT, when integrated with ERP, allows companies to produce innovative products and achieve their sales goals.