IC-KPI is one of the top-rated ERP Consulting Company in Akron.  In the early days of the 1960s, manufacturers came across MRP (Material Requirements Planning) systems. It was designed to help the manufactures in the production and scheduling of a particular product. Later, manufacturers discover a new system that is beyond MRP functionality, called ERP. New business owners and people just starting on with their careers have to learn about ERP. This guide will let you know everything about ERP. IC-KPI is one of the best ERP Consulting Company in Akron. Looking for ERP software consulting company in Akron? Call us today. 

We build high-performance; high-performance ERP software systems that help companies achieve maximum efficiency.

IC – KPI (IC-Prism ERP Software) offers customized end-to-end software development services – our highly skilled and experienced ERP developers provide robust and highly customized ERP software systems.

Ø  Benefit from our experience – 6 years in business.

Ø  More than 500 projects submitted.

Ø  More than 100 clients in globally.

A shattered data system and improper resource planning destroy the efficiency of any business – once your company gets past this, it is time to consolidate your actions and the highly customized ERP software system we have developed can help you with that.

What is an ERP system and how does it help companies?

A powerful and highly customized ERP system, based on thorough analysis and knowledge of your business needs and processes, will assist you with effective operational planning and management, and also enable you to optimize your internal business processes for overall efficiency. . A well-planned and developed ERP software system effectively integrates all destroyed data and organizational processes, including finance, customer relationship management, manufacturing, human resources, warehouse management, inventory and supply chain management, etc. employees have a side view of Business operations, which in turn enables them to make informed business decisions that lead to visibility, speed and efficiency, cost savings, better control and workflow, and ultimately greater profitability.

IC – KPI (IC-Prism ERP Software) Advantage – why us?

We are one of the best offshore ERP Software Development Company with offices in US, and India. Our team is made up of highly qualified and highly experienced software developers who are specialized in ERP software development and who have developed ERP software for companies in various industries. One of the biggest advantages for our customers is that we are not only committed to quality services, but also partner with them for IT solutions and provide them with the right recommendations and ideas for add-ons that will help them save costs, increase efficiency and profitability. As an offshore ERP Consulting company, we also ensure that our customers receive a cost advantage.

ERP software systems are complex and deeply integrated into business processes and are highly tailored to business needs, so each ERP project requires a unique and in-depth approach. Our strength lies in the fact that we work closely with our customers to understand and analyze their current and future business processes and specific business needs. Based on the data collected and submitted by the customer, we design and develop the structure and functionality of the software system according to the customer’s specific business requirements. We assure you that you are providing an ERP system that is highly personalized, robust, reliable, secure and easy to use.

We offer ERP solutions covering all software modules, including:

Production: engineering, material accounting, planning, capacity, workflow management, quality control, cost management, production process, production project, production flow

Supply chain management: inventory, order entry, purchasing, product configuration, supply chain planning, supplier planning, goods inspection, claims processing, commission calculation

Finance: general ledger, cash management, liabilities, accounts, receivables, fixed assets

Project: cost calculation, invoicing, time and cost, activity management

Human Resources: Human Resources, Payroll, Training, Hours of Work and Attendance, Enrollment, Achievements

Customer relationship management: sales and marketing, commissions, service, customer contact and call center support

Features of ERP

Any organization needs to understand the characteristics of ERP and what essential roles it plays. Here, are the key points you can consider before evaluating ERP systems:

1. Accounting- The accounting feature of ERP helps in tracking, storing, and analyzing financial data. It includes business, forecasting, general ledger, accounts payable, and many more. Apart from this, ERP performs several advanced tasks like tax management, revenue recognition, multi-currency reconciliation, and fixed assets management. Also, the system provides every data on time.
2. Financial Management- Financial management involves various tasks like planning, organizing, and specifying using funds for a business. This system helps the finance management in assisting finance by analyzing, tracking, and reporting crucial business data. It is a vital tool for financial management to work efficiently.
3. Sales and Marketing- ERP systems also help the sales team in various ways. It makes the sell, upsell and purchase orders work easier. It also helps in managing and tracking commission and key details related to profit margins and ratios. It also benefits the marketing team by driving more leads, building campaigns, and tracking the needs of the customer through the sales cycle. The sales and marketing teams accompany the operation and finance partners to use ERP which provides them with superb customer experience through the entire sales pipeline.
4. Customer-Relationship Management (CRM)- ERP system contains integrated CRM features. This feature brings up all the data related to customer relationship and improves the viewpoint of the business. All the customer-related information is stored in an easily accessible database. It enables the companies in automating their process. These include filling out POs, generating reminders for account receivable, and sending notifications for follow-ups after the customer reaches the pre-defined point in a sales pipeline.
5. Supply Chain Management (SCM)- ERP systems give you a complete overview of the Supply Chain Management of the company. It helps them in tracking demand, inventory, manufacturing processes, logistics, and distribution. It further enhances the operation by implying purchase orders, transfer orders, and work orders all over the locations. It also helps in setting goals and eases out distribution resource planning. The company’s real-time data provides efficient control of management over inventory.

What is ERP for?

Financial Services and Distributions gets vast support in managing data because of ERP. It acts as the heart of the organization. An ERP consultant Company in Akron can be an expert in a specific field such as finance, human resource, e-commerce, manufacturing Companies facing difficulties in the smooth running of operation should use ERP to enjoy the following benefits:

1. Narrow Process- When analyzing data, ERP locate wastes and excess costs in the business. The Kanban functionality and insights encourage manufacturers’ implementation of narrow initiatives, cut cross, and improve efficiency.
2. Risk Mitigation- ERP system alerts the management and ensures that they handle the matters carefully before causing any serious delays.
3. Data Integrity- Enterprises usually wind up their data into several places. This creates an error in data integration which is even difficult to locate quickly. ERP system provides you with centralized and versed data which helps in the decision-making process, based on the information given in the data.
4. Workflow Automation- It is very time-consuming for the manufacturers and distributors when they individually perform every operation. Workflow Automation in the ERP system saves time by preventing you from repetitive processes. Therefore, manufacturers are saved from making mistakes and try to focus more on value-added activities.
5. Real-Time Visibility- Information of several departments gets stored in various databases. So, the management can access numerous insights. Managers from different departments tend to work together and make proper decisions after having all the information available to them. ERP Consulting Services and Support

Why ERP?

If you think that your organization is functioning well without the ERP system, then you are wrong. This list of articles will let you know why is it important to have an ERP system in your enterprise:

1. The first and foremost thing to have an ERP system in your organization is that it manages and improves the data easily. It also keeps your data in a synchronized manner. Therefore, you can do more important tasks to improve the scalability of your organization. In general, it increases the productivity of the management in various ways.
2. Sometimes, certain data is misplaced, or certain transactions missed out on your software due to inefficiency in management. ERP relatively solves this problem by industrializing the data collection process. It also differentiates the data into different departments. It ensures that there are no inaccuracies and that the manufacturers get the financial reports on time.
3. Because of the rising competition, it becomes essential to take decisions instantly to keep up with the latest business trends. However, it becomes impossible to make decisions if the organization faces inaccuracies in the business insights. ERP provides you with the opportunities and helps you in capitalizing them.
4. Customer satisfaction is also very vital for a business to be successful. Without proper data metrics, manufacturers find it difficult to predict the exact needs of their customers. By using ERP, you can easily spot the lapses and build strategies for improving your customer experience.
5. You can also trace the regulatory compliance of your enterprise without facing any problems. Keeping up with the spreadsheets and paperwork is not always effective and leads to irregularities in business. Therefore, ERP helps you to configure the system as per your requirements. You can also monitor the regulations of your workers right from your dashboard.

Glossary

There are some of the important definitions which will help you to understand ERP better.

1. Module- ERP system has multiple modules which are responsible for the finance or production of your business. There are numerous commonly used modules in the ERP system. It has the choice to include extra modules. This will help in combining the software with the requirements of the business.
2. Cloud- The cloud provider can manage the Cloud software of the ERP system. Here, all the users can have access to the Internet. It is used by every business organization due to its ease and affordability.
3. On-premises- This software runs on the hardware. Also, the servers of this software are installed by the IT teams. You will be able to control the implementation and management of the on-premises ERP software. But it is more costly and tends to contain more labor as compared to the placement of the clouds.
4. Integration- Businesses that have more than one application usually connect their software through an integration. It synchronizes data with the application giving the businesses a single source of information about their enterprise.
5. CRM- Customer Relationship Management is similar to ERP. Here, it tends to manage data and its process in a single application. Other than back-end work, it focuses on the sales, marketing, and service of the enterprise. Many vendors tried to create CRM modules and applications but their performance always lags from the ones which are designed by the people having specialization in CRM.

Wrapping Up

This article tells you how ERP is valuable for a company. However, this is not the only thing to consider. Make sure to choose the software which is reliable for your business. Also, look for the benefits you will get from that particular software. IC-KPI is a leading ERP Consulting & Implementation Services Company in Akron