ERP Meaning

What is ERP

ERP full form Enterprise Resources Planning, a core business processes to run successful. There are million factors for the proper running of a company, all in one business management software ERP can be categorized into this. Use of an ERP software can be classified to collecting, storing and managing date from all business activity.

What is ERP? Many core processes needed to run a company: finance, purchase, HR, payroll, manufacturing, supply chain, services, procurement and all. The combination of all these process together into a single system is called ERP. Track all your business activities, cash, materials and production. ERP refers to the systems and software packages used by organizations to manage day-to-day business.

A history of ERP software, the Gartner Group first used the abbreviation ERP in the 1990s to extend upon the capabilities of material requirements planning (MRP), and the later manufacturing resource planning (MRP II), as well as computer-integrated manufacturing. ERP systems experienced rapid growth in the 1990s. Today, ERP systems integrate into all areas and functions within an organization, with the primary purpose being to help leaders and managers better understand all moving parts of their operations, identify opportunities, and make more informed decisions that will ultimately have an impact on the future success and viability of their businesses.

what is erp

ERP software Functional Area

Finance & Accounting : Sound, responsible financial management is at the heart of business success.

Purchase & Inventory : To keep your retail business running smoothly, you need a cost effective inventory management system

Material Procurement: Coral Procurement allows organizations to integrate supply activities across enterprise functions and helps procurement become a business-critical activity.

Estimation / BOQ / Budget Entry: It facilitates to enter detailed estimation and variations (both quantities and amounts) of the project.

ob Costing: Job costing is the process of tracking the expenses incurred on a job against the revenue produced by that job.

Material Cost : Cost of the material incurred for a project. It is tracked from purchase and Inventory module.

Man Power Cost : Labours will be working on different projects in the same month.

Plant & Machinery Cost : Tracked from P&M rents paid and its depreciation.

Human Resource : RealSoft Human Resources Management (CHRM) module is a complete suite of Human Resource Management system

Time Sheet & Payroll : Payroll module generates quick employee(Staff in projects and Office staff)pay sheet & Payslip.

Fixed Asset Management: Fixed Assets module handles all transactions related to fixed assets, for ease as well as for own use.

ERP Software Dashboard

¤Displays the needed information at a glance in the form of grids or charts
¤ Summarized info of key business processes enables the user to track deviation and take
necessary actions
¤ Gives good grip of the business
¤ Personalizes the page design
¤ Applies security for the information displayed in the dashboards

What is ERP implementation process?

ERP implementation requires 3 types of service, consulting, customization, and support. The time for ERP implementation is based on the size of business, the modules required for the company and the customization ac cording to client needs, and it depends on the scope of process changes. Normally for a a large enterprise takes about 14 months, and depends on scope of project, the size of company.

Are you looking for the Best ERP system software in Dubai or Top ERP Software Provider Companies in Dubai, this search terms will depend on the scale of your industry. Depending on the functional area of ERP software and the scope, client can select the most used ERP in UAE, Bahrain and GCC

UAE has the second largest economy in the GCC (after Saudi Arabia). UAE is ranked as the 26th best nation in the world for doing business based on its economy and regulatory environment. More than 85% of the UAE’s economy was based on the oil exports in 2009, especially in Abu Dhabi plays a central role in the economy.

 

 

 

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