Introduction ERP software refers to “Enterprise Resource Planning” consists of software and hardware systems connected together to manage all the core business activities like supply chain, manufacturing, services, financial and other processes in an organization. ERP systems integrate business activities to work cohesively and effectively. Industry started using computers for accounting and finance function since 1960’s using mainframe computers. By…
Today, when there is a sudden need for a dynamic remote work environment, advanced technological ecosystems, and a workforce that constantly requires efficient strategies and processes, you have to be on your toes. Unlike before, organizations need to adopt and rely on an HRMS software or human resource management system solution to be on top of their new redefined role.…
Introduction ERP means Enterprise resource planning, which integrates all core organizational processes into a single system. These processes comprise finance, manufacturing, HR, supply chain, services, procurement, and others . So with ERP system, all these processes can be interlinked as per dependency and run as integrated organisation. Whilst selecting an ERP system is not an ordinary decision. When selected right,…
Employees are motivated to perform with dedication if they are happy and feel valued. Achieving these aren’t always easy and takes tons of effort for HR professionals. During the quest for enhanced employee performance, the HR department has got to consider numerous aspects and perform a good range of well-planned activities associated with recruitment, training, appraisal, resource planning, process design,…
Indian SME businesses are gearing up, not just for incremental growth but the big game. It clearly shows in the increasing demand for HRMS software. Why is the increase in HRMS software so vital an index? This is because companies mostly start with automation in the area of finance and sales. Only when they are ready for the big game…
ERP Enterprise resource planning (ERP) solutions have matured and expanded their reach to support most business functions, from back-end processes like accounting, HR, procurement and manufacturing to front-office functions such as sales force automation (SFA), marketing automation and ecommerce. Businesses rely on ERP to not only cut costs by eliminating redundant processes and automating mundane tasks but also to provide employees access…
A sales order is an official arrangement for the distribution of merchandise or the supply of services between a corporate group and a selling party. It requires defined prices, quantities of products, and dates of conveyance. Any sales order issued promptly sets you up as a trustworthy name on the market. As the number of purchase orders continues to increase,…
For your business, taking the step higher to cloud inventory management is a major turning point. The most innovative infrastructure, at the most accessible price point, is offered by cloud software. Some can, however, thrive more than others from cloud inventory management. If you are confident that a better system would help you, plan immediately and jump to select the…
Electronic invoicing is a method of billing that is electronic. Trading parties, such as consumers and their vendors, use e-invoicing methods to present and register trade records with each other and to ensure that the terms of their trading arrangements are followed. The GST e-invoice is the implementation of a digital invoice for products and services rendered by the company…
No matter how large or small the business is, payroll management is challenging. There are several elements that need to be measured, such as regular incomes, allowances, expenses, wages for overtime, incentives, etc. It doesn’t say, though, that you can’t automate and maximize your payroll management. Here are five quick tips to optimize payroll management in your company that you…