THE IMPORTANCE OF ENTERPRISE RESOURCE PLANNING (ERP)

November 12, 2019

WHAT IS ERP SYSTEM

 

An Enterprise Resource Planning (ERP) system is usually referred to as a category of business management software — typically a suite of integrated applications—that an organization can use to for managing common functions areas such as Financial Accounting, Management Accounting, Manufacturing, Project management, Order processing, Supply chain management Customer relationship management and more. Click here to see more MySoft ERP’s features.

 

A good ERP that allows data share across various departments (manufacturing, purchasing, sales, accounting, etc.). Data becomes visible across the organization and management can make decisions faster with fewer errors.

 

The benefits of adopting ERP:

  • The chronological history of every transaction through relevant data compilation in every area of operation.

  • Order tracking: from acceptance through fulfillment.

  • Revenue tracking: from invoice through customer receipt.

  • Matching purchase orders (what was ordered), inventory receipts (what arrived), and costing (what the vendor invoiced)​.

  • Supplier payment and Customer receipt matching with PO and Invoice.

  • Eliminates the need to synchronize changes between multiple systems—consolidation of finance, marketing, sales, human resource, and manufacturing applications​.

  • Brings legitimacy and transparency to each bit of statistical data.

  • Facilitates standard product naming or coding.

  • Provides a comprehensive enterprise view, making real-time information available to management anywhere, anytime to make proper decisions

 

 

WHY SHOULD YOU CHOOSE THE SUITABLE ERP SYSTEM

 

As an enterprise owner, you should be aware that adopting an unsuitable ERP system not only unable to cover your current growing and large-scale enterprise needs, it also increases the miscommunication of each departmental due to the information synchronization disorder and eventually leads to lesser productivities.

 

A custom system will generally produce the most efficient system to solve the problems above as it is can provide support for the specific needs of the business. However, considering the custom software takes time and cost develop, therefore, the off-to-shelf solutions become the popular choice for most of the growing and large-scale enterprise owners.

 

But it can be a challenge to choose the suitable enterprise resource planning, especially there are so many ready-to-use system options with the ability to integrate with 3rd party system? Do not worry, we have made you a checklist to aid in your decision in choosing the suitable enterprise resource planning system in the below.​

 

 

 

HOW TO CHOOSE THE SUITABLE ERP SYSTEM

 

When selecting the suitable Enterprise Resource Planning among off-the-shelf products for your enterprise, keep in mind that a good ERP should consist of below:

 

 

Let’s dive deeper into the details in each of these tips. A good ERP should:

 

1. COVER YOUR ENTERPRISE BASICS NEEDS

 

An effective ERP should be able to cover your basic enterprise’s needs and MySoft ERP can provide you a comprehensive business solution with low implementation cost. MySoft ERP is an Asian styled fully integrated accounting system designed to assist you in managing Financial accounting, Management accounting, Manufacturing, Project management, Order processing, Supply chain management Customer relationship management and more. Click here to view the full MySoft ERP’s Features.

 

MySoft ERP is also designed to be modular-basis. When your enterprise is growing, you can choose to upgrade the system to advance features without changing the software. Furthermore, third-party integration is allowed to help you optimize and enhance all your enterprise processes.

 

 

2. BE EXTENDABLE AS YOUR ENTERPRISE SCALES UP

 

When your enterprise is scaling up may lead to needing more advanced package or services, migrating to another system can be very costly in terms of times takes for employees to adopt new software and transferring existing data to a new database. So, think ahead whenever you can and review the system’s features of your selected software for the expandability.

 

MySoft ERP is designed to be modular-basis. You may choose what features you needed upfront, and then upgrade your software or adding more modules as your business growing in the future without changing the software. Click here to get a free consultation on which MySoft ERP product line you should upgrade to.

 

3. ALLOW FOR THIRD PARTY INTEGRATION

 

As your enterprise is growing, you may need to integrate the various system and synchronize the data with each other. If system integration and synchronization are not available, it will be required for your staff to perform manual data transfer/entry from one system to another system and data error tends to happen due to human-mistake. Therefore, it is always advised not to choose the system without the integration service provided.

 

MySoft ERP allows and provides various third-party integration solutions to your enterprise. From the hotel management system, point of sales system, mobile apps solutions, e-commerce solutions to the sales online system. Not to mention, MySoft ERP is a flexible system, any integration solutions which are not mentioned may be integrated as well in the future. Contact us to start integration your system with MySoft ERP.

 

 

4. SYSTEM SECURE

 

Security is a top priority for all the enterprise and they use the most cutting-edge practices to protect their systems, personal information, and transactions. When choosing the ERP, you must evaluate the system security and where is your database is kept by the system.

 

MySoft ERP keeps the database with Microsoft SQL Server (known as RDBMS), which supports a wide variety of transaction processing, business intelligence and analytics applications in corporate IT environments. All RDBMS is ACID-compliant, meaning they satisfy the requirements of Atomicity, Consistency, Isolation, and Durability. The excellent Data Recovery Support feature that promotes data restoration and recovery. Through the use of log files, caching, and backups, Microsoft's product allows you to feel confident that disaster recovery options are plentiful. Click here to know more about Microsoft SQL Server.

 

You can choose to deploy MySoft ERP on the premise or on the cloud server. Deploy MySoft ERP in your own premise or cloud server meaning your keep your own database and responsible by your technical department, MySoft Corporation does no keep your data, unless you request.

 

 

 

 

5. HAVE A USER-FRIENDLY INTERFACE, EASY TO CUSTOMIZE AND LEARN

 

If your employees hesitate when they trying to understand the purpose of a button or reading a large software manual book to make the system operate, your employees will not be happy with the complex solution. An effective ERP should always is intuitively easy to customize and use and you will not require any help from the system developers.

 

MySoft ERP is a flexible solution designed easy-to-use with the user-friendly interface, it gives clear and graphics visual components as an additional cue to help your employees make sense of the textual information. Furthermore, your employees can add the commonly used features into Favorite Module for fast and easy access or change the personal wallpaper. Contact us to get a free trial MySoft ERP.

 

 

 

 

 

 

 

MYSOFT ERP IS ONE OF THE RECOMMENDED OPTIONS

 

 

MySoft ERP is a flexible solution designed easy-to-use with the user-friendly interface. With the 20 years of experience and continual-evolving, industry-specific ERP simplifies the complexity and add significant value from retailer to manufacturers and distributors. MySoft ERP has redefined the business working process, it optimizing your operation and reducing cost yet increasing productivity and efficiency to help your business achieve higher profitability.

 

 

MySoft ERP is

 

 

 

MySoft ERP is a Royal Malaysian Customs Department (RMCD) recognized ERP System.

 

Click here to know more about MySoft ERP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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