Categories
ERP

What is Cloud-Based ERP System and How Does It Work?

 

Cloud ERP is a type of enterprise resource planning (ERP) system that operates on a vendor’s cloud platform rather than on-premises networks, allowing enterprises to access information over the internet. ERP software combines and automates critical financial and operational company operations, including inventory, order, and supply chain management, as well as procurement, manufacturing, distribution, and fulfillment, and provides a single source of data. The program is accessed over the internet, thus all that is required is an internet connection and a browser.

What is Cloud ERP Software?

A cloud ERP system is software for enterprise resource planning that is hosted and maintained by a vendor offsite on the cloud. The application, data storage, underlying operating systems, servers, physical data center infrastructure, security updates, and feature upgrades are all handled by that vendor, which relieves the business of a significant load.

Furthermore, although on-premise ERP systems were previously restricted to large firms, the cloud model now allows small and medium-sized businesses to benefit from ERP capabilities. These smaller businesses may benefit from process automation, increased productivity, improved data accuracy, and simplified, strategic business performance since cloud ERP systems don’t require the same amount of financial, time, and people commitment.

With the first cloud ERP system being provided in 1998, the transition from on-premise ERP systems has been critical for businesses. Businesses no longer had to spend money on a system only to be asked to maintain it on a regular basis. They also didn’t have to devote significant IT staff time to software maintenance or put up with long installation timeframes and difficult updates. However, early cloud ERP solutions were restricted in functionality and not without problems, and they weren’t even properly developed for the cloud. As a result, businesses found it difficult to completely embrace them. These early systems were rigid and difficult to incorporate, causing organizations to suffer. Many of these constraints have been overcome with today’s cloud-based ERP solutions, which now provide significant benefits.

How Does Cloud ERP Work?

Cloud ERP solutions are made up of a variety of technologies linked by high-speed internet connections. The cloud ERP is constantly online, and the ERP provider handles security upgrades. All that remains for your team to do is login and use the ERP and its underlying data. This might result in a reduced total cost of ownership compared to earlier ERP systems housed on company-owned servers.

Users can access cloud ERPs through mobile devices or desktop PCs in many circumstances. They contain a variety of business software designed to keep your company running smoothly while focusing on a great customer experience and successful business outcomes. Cloud-based ERPs provide near-infinite scalability and allow your team to access whatever information they require from client sales meetings to distant work sites to your home office. In the post-COVID corporate world, when more people than ever are working from home and other distant places, the ability to securely connect from anywhere cannot be overstated.

Customer information, sales history, financial data, human resources management tools, live operational metrics, supply chain status, and other elements are among the highlights. A cloud ERP may connect almost any computer system your business needs.

Various deployment options with modules and settings customized for your type of business are available, depending on your business needs. This will help your team stay focused on the correct measurements and workflow in order to achieve your company’s objectives.

What Are the Benefits of Implementing a Cloud ERP Solution?

There are several advantages to employing cloud-based ERP systems, with the following being the most common reasons why companies choose cloud ERP versus on-premise ERP.

  • Cost: When compared to on-premise ERP, one of the most appealing features of cloud ERP is the cheaper upfront and continuing running expenses. The original software licence, as well as the necessary servers, energy bills, IT employees, consultants, backup, security, database creation and administration, and continuing maintenance and updates, are all paid for with on-premise ERP systems. With cloud ERP, the vendor is responsible for all maintenance, support, updates, and security for the company, allowing businesses to pay only for the resources they use and avoid incurring additional costs that are unrelated to their initial software investment. Costs are not only decreased, but they are also more transparent. Users of cloud ERP will either pay a monthly subscription or pay-per-use, making expenses predictable and manageable.
  • Upgrades: On-premise ERP solutions need a large amount of time and, in certain cases, the hiring of contractors to handle software updates and upgrades. A cloud ERP system, on the other hand, may be set up in as little as 30 minutes and is usually done during off-peak hours. When this is combined with the fact that suppliers handle updates with little to no cost or disruption to the business, systems are always running on the most up-to-date, most useful technology. 
  • Implementation Time: When it comes to new software, one of the most difficult aspects for firms to overcome is implementation. It’s a time-consuming procedure that frequently takes longer than expected. Cloud ERP solutions, luckily, significantly cut deployment timeframes. There is no time spent on selecting and acquiring technology, employing or training IT staff, developing new data security methods, and so on. For a firm, the deployment procedure for cloud solutions is far faster and far less difficult. 
  • Accessibility: The ability to access software and tools on any mobile device from everywhere there is an internet connection is a big feature of ERP cloud services. The organization, as well as its permitted suppliers, partners, and customers, may access information in real time because the solution is housed and maintained in the cloud. This allows employees to interact, collaborate, accomplish activities, and make business choices without needing to be in the same room or in the same location.

The Bottom Line

The final choice is made by the organization’s leadership and its vision for the future. Do they want to keep things under their control or do they want to take use of cloud computing and cloud-based solutions?

Larger companies can invest a lot of money in on-premise ERP solutions, but it isn’t for everyone. Cloud ERP software options are the sole solution for medium to small organizations with financial constraints. They only help you save time and money.

Whatever the situation may be, a healthy and dynamic data environment is required for any successful organization. It’s critical to have a dependable and scalable infrastructure in place that can enable end-to-end data flow visibility, rapid and secure file transfers, data transformation, and storage.

About Digital Crafters

Digital Crafters provides experienced Consulting and Transformation services to help businesses through the implementation process and achieve quick, agile, and successful digital transformation. Our adaptive cloud ERP enables firms to better recognize and respond to market change by combining resource planning, supply chain management, and other technologies. This allows them to stay ahead of the competition.

Categories
ERP

Fundamentals of ERP & Top Trends to Watch Out in 2022


What is ERP Software?

ERP software connects and defines a variety of corporate processes while also allowing data to move between them. Data duplication is eliminated and data integrity is ensured using an ERP system. An Enterprise Resource Planning system, at its most basic level, combines numerous components into a single system to streamline procedures and information throughout the entire firm. You can manage small and medium-sized businesses, as well as enterprises, across industries, with ERP software.

ERP software is a powerful and strategic tool for managing corporate processes. It can be used to keep track of data within a corporation. Across all aspects of a business, an ERP system provides intelligence, visibility, analytics, and efficiency. The flow of real-time data is also facilitated by ERP technology. ERP software can also help you automate your fundamental company activities.

What Does ERP System Do?

An ERP system is built on a well-defined data structure and, in most cases, a single database. Using similar components, definitions, and user experiences, an Enterprise Resource Planning system enables access to company data from diverse activities. ERP software includes programs and technologies that make it easier for all parts of a company to connect with one another.

For their specialized needs, employees in planning and scheduling, for example, have access to the same data as those in financial management. All data is available in real time, allowing employees to make faster and more informed business choices. All critical business operations (estimating, production, finance, human resources, marketing, sales, and purchasing) share a single source of up-to-date information using ERP software.

Key Features of ERP Systems

ERP systems come in a wide range of sizes, scopes, and features. The majority of ERP software, on the other hand, has the following features:

  • Enterprise-wide Integration:

    End-to-end integration of business processes is achieved across departments and business units. A new order, for example, triggers a credit check, a product availability query, and a change to the distribution schedule. The invoice is emailed once the order has been shipped.

  • Real-time Operations:

    Problems are recognized immediately, providing the seller more time to rectify the situation, because the operations in the example above occur within a few seconds of order receipt.

  • A Common Database:

    With a shared database, data can be defined once for the entire company, and every department can use the same definition. To boost performance, several ERP systems partition the physical database.

  • Consistent Look and Feel:

    Early ERP vendors recognized that software with an uniform user interface saves money on training and improves a company’s image. When an ERP company acquires other software, the common look and feel is sometimes sacrificed in favor of speed to market. Most ERP providers restore the consistent user interface as new releases hit the market.

Top ERP Trends To Keep An Eye in 2022

Operations rely on Enterprise Resource Planning (ERP) systems to manage their businesses more than ever before, from back-end functions like HR and finance to front-end functions like marketing automation and eCommerce.

As a result, software systems like NetSuite ERP and Microsoft Dynamics ERP evolve year after year to embrace newer technologies, more capabilities, and capitalize on current trends. To stay ahead of the competition, it’s vital that your company keeps up with the latest technological breakthroughs.

The four main ERP trends to watch in 2022 and beyond are listed below – 

  • ERP systems that are more personalized:

    By 2022, we predict one-size-fits-all ERP solutions to be a thing of the past, as trends move toward more individualized solutions for enterprises. Today’s ERP systems, such as NetSuite and Microsoft Dynamics, include features to assist in the creation of individualized experiences. We expect ERP solutions will have a more complete, personalized user interface in the coming year and beyond, allowing them to become more consumer-centric and accessible. ERP solutions will be able to effortlessly connect with new technologies like AI in the next few years, potentially changing the ERP landscape by establishing new processes.

  • Mobile support:

    In 2022, complete mobile support will be one of the core elements of a modern ERP application, replacing the days when a solution was tethered to a single workstation. Mobile support not only provides on-the-go data connectivity, but it also provides other benefits such as:

    1. The ability to conduct business at any time and from any location.

    2. Because of the emergence of remote working, employees can now do back-end and front-end tasks from anywhere.

    3. Encourages remote teams and workers in different time zones to collaborate. Team communication is improved and delays are avoided with mobile support.

  • Additional assistance for real-time data insights:

    Businesses profit greatly from having access to real-time data. Team members use real-time analytics to increase their operations’ flexibility and agility, and it’s essential for real-time performance insights and logistical management. It’s no wonder that real-time data insights are becoming a standard element of ERP systems. Businesses rely on up-to-date and reliable data. As a result, ERP systems are focusing more on offering tools for enterprises to collect reliable data in real time. But it’s not just about gathering information. By smoothly transmitting all essential data across all divisions, real-time analytics can assist in maintaining a smooth business operation. We anticipate a greater emphasis on support for real-time data insights in 2022, to assist your organization in making wise decisions.

  • Powerful data analytics:

    While some historical systems may collect and organize data, they lack the robust data analytics capabilities of ERP systems such as NetSuite and Microsoft Dynamics. More tools, data visualization, and integrated analytics capabilities are expected in 2022 to aid your company in making data-driven decisions and forecasting future trends.

ERP Solutions with Digital Crafters

Every year, ERP systems improve and change the way we conduct business. With more modern technology being added to ERP systems every year, staying ahead of the curve requires a focus on ERP installation. We can assist you with the implementation of NetSuite ERP or Microsoft Dynamics ERP. We specialize in system deployments and have the knowledge and experience to assist your company in growing.

To learn more about how we can assist you, contact our team of professionals now.

Categories
Mobile App Development

ERP vs WMS: Making the Best Choice for your Business

 

Choosing the best software for your warehouse may not seem like a tough task but it directly affects the operational and financial health of your business. It is very important to have the right tools, technologies and management systems for the effective functioning of your warehouse. Finding the best business solution that helps in running your warehouse smoothly can be a bit difficult. Basically, there are two management systems which you can choose from – Enterprise Resource Planning (ERP) and Warehouse Management System (WMS). They have varied functionalities but both can be effectively leveraged in warehouse management.

Overview of ERP and WMS

The Warehouse Management System helps in effectively handling the storage along with movement of the inventory. With this system, it is extremely simple to check the progress of every product. The process also provides transparency and you can easily get an idea regarding the core processes including packing, receiving and picking of the product. 

Enterprise Resource Planning is also a very effective tool. It empowers the management of warehouses to automate and streamline the data into one solution. Every department of the warehouse like accounts, customer relationship, inventory management etc. can be merged into one single centralized system.

Benefits of  Warehouse Management System

WMS is designed to address the day-to-day activities of the warehouse and gain insights through that into the information stored in it. It helps in increasing visibility into the process of inventory and gives an accurate and better view of the various warehouse operations. It also helps the manufacturers in giving an effective movement of inventory across the chain. It carries itself the detailed knowledge about all the stock items received, packed and shipped. It makes use of wireless networks, RFID technology, barcode scanners etc. to track the movement of products across various locations. 

WMS is an independent system and caters to the specific needs of business. Therefore, it also requires supporting solutions to cater to other functionalities of the enterprise. Depending on the real-time information gathered within the warehouse, it provides intelligence on the optimization of movement of inventory. With WMS, various reports can be generated to find the best location of each product and also provides functionalities for picking, packing, shipping, receiving, tracking, visibility analytics and reporting. It also gives inputs on dedicating a suitable inventory location, setting priorities and ratings. Other major benefits of WMS are as follows – 

  • Maximum utilization of space with less operating cost.
  • Transparent management of inventory.
  • Efficient management of labor.
  • Optimization of internal operations, supply chain and travel time.
  • Better stock control with easy tracking of inventory materials.
  • Leveraging the benefits of automation.
  • Best management of shipment with better client service.
  • Quick inventory turnover. 

Benefits of Enterprise Resource Planning

ERP is a suite of integrated modules that performs collaboration, streamline and automates the operational processes in an organization. It acknowledges all the data from various departments and becomes a centralized repository. This software performs various transaction processing, dashboard generation and report building by collecting, storing, managing and interpreting the collected data from various departments.

ERP involves many major processes like barcode scanning, human resources, manufacturing, order entry, order processing, finance, accounting, inventory tracking, inventory management, purchase orders, warehouse management, customer relationship management, E-commerce integration etc. It provides utmost accuracy and security while flow of information among the departments. By successfully implementing ERP, the departments can use shared, secured and updated information thereby enhancing productivity and profitability. Other major benefits of ERP are as follows –

  • Save money, time and effort.
  • Increased productivity along with client satisfaction.
  • Improve the cash flow and business reporting.
  • Enhanced cloud-based data and security.
  • Supply chain management.
  • Enhancements of business procedure.
  • Better inventory costs.
  • Traceability. 

Choosing the Best Fit for your Business

The confusion is still there, are ERP and WMS the same or do they serve different purposes? There are certain features that may be common to both but they are two different business solutions overall with different objectives in mind. They both have many independent features and the organizations choose the one that is most fit for their requirements. Here are certain parameters on which ERP and WMS can be compared – 

  • Objective: The objective of ERP is to integrate all the departments of the supply chain and provide a smooth flow of information. WMS aims for streamlining all the operations of the warehouse for a seamless flow of information within the supply chain. 
  • Strong Areas: ERP provides an easy flow of information within the departments with maximum security. WMS provides tracking of inventory systems along with real-time information of picking, packing and delivering the goods.
  • Key Features: The key features of ERP include managing the entire process from obtaining raw material to shipment of the final product. It also helps in reduction of overhead costs. WMS manages the deliveries of warehouse – outbound and inbound with goods return, pickup, sales receipts and schedules of delivery across warehouse. 
  • Ease of Implementation: ERP is not easy to implement as it involves multiple users and departments. WMS is comparatively easier to implement as it only caters to a certain specific audience.
  • Utilization: ERP is best suited for manufacturing segments that have to depend on various departmental operations. WMS is best for the warehouses with inventory movements, monitoring and real-time stock updates. 

Final Words

Deciding between ERP and WMS is not an easy task and there are a few things to be kept in mind while going for the right solution. The organizations should define their long-term objectives, check all the technical conditions, ROI should be worked out and then the ideal solution must be chosen. Both of them are of high value for your organization, the requirements, budget and organizational goals that will help in deciding which one to go for. 

About Digital Crafters

Digital Crafters has many years of experience with ERP and WMS solutions. Our services and solutions are based on in-depth and detailed knowledge of the business processes of various industries. The experts with us also advise you about the endless and exceptional possibilities you can have with the use of new technologies.

Write to us at info@digitalcrafters.tech for more details about our services.

Categories
Technology

Why you Should Prefer React JS for Enterprise App Development?

 

From a developer’s perspective, React JS is entitled to a special mention as it is the most well-known JavaScript library which came under the spotlight. It is single-handedly managed and owned by Facebook until now. Its prime benefits include simplicity, smoothness, agility and scalability of the JavaScript library with which new generations of applications are built. In the last decade, JavaScript has gained very huge popularity and its frameworks like Ionic, Angular, Meteor, Phone Gap and more that help developers in developing complex applications. Facebook’s React JS is one of the most powerful, efficient and open-source frameworks to design dynamic UI. 

There are several successful applications that were developed using React JS from fortune500 to start-ups. Some serene examples of this framework are Netflix, PayPal, Uber Eats, Reddit, Instacart and many more. 

Benefits of React JS For Enterprise App Development

React JS is an evolving framework and is the future of front-end development. It is getting refined each day and comes with several benefits over other frameworks. Here are some strong reasons to use React JS for enterprise app development projects. 

  • Engaging and Efficient Way of Web App Development:

    While working with React JS, the coding becomes easy and in place of messy codes, it allows the developers to use JSX which is a fusion of JavaScript functionalities and HTML. JSX made the learning and implementation much easier than the traditional JavaScript templating. It saves development time and lets the developers focus on individual components. It is one of the best benefits of React JS that developers have full control over the way applications behave on the action of users by using the action, state and event management. 

  • Perfect User Interface:

    The User Interface of an application makes it engaging and has a direct relationship with the success rate. The declarative components with React JS enable the developers to easily develop complicated UI functions along with debugging them. The User Interface developed using React JS makes the app smooth and responsive with a lower loading time. With React JS, the enterprise app will offer simplicity and mobile-first experiences at the same time.

  • Reusable Components to Save Time:

    React JS offer reusability of the components where developers can reuse generic components without any problem. The components with non-complex logic are easier to reuse and maintain. React JS allows the programmers to create a class and to use them as many times as they want. These components are detached from each other and change in one does not affect the other. The developers can save time and effort and can focus on optimizing the app efficiency. 

  • Faster Rendering using Virtual DOM:

    For all the components, React JS uses a virtual DOM which creates all the updates and renders to the real DOM on its own without interfering with the developer. If the developer creates any changes to the application, these are first done over the virtual DOM. If all the changes are risk-free and don’t affect the performance then the update is made in the React-DOM. For all the changes in the app, the risk management takes place and all the cost for DOM management is lowered.

  • Easy Scalability of Apps:

    The scalability of apps has become a very important factor to consider because of the need for rich enterprise web applications. The front-end of any app needs to be scalable so that it can handle a big number of changes, users and datasets. ReactJS is very flexible in that it leaves the developers worry-free and they can decide everything about the scalability like the app’s architecture and structure. They can also manage the pattern of JSX and code and reduce the situation of complex or messy code. The performance of the app remains as it is if you want to update the app with new features or you want to scale your enterprise app or even if you want to add more components to your app. 

  • Flexible with Several Platforms:

    React JS is the best choice for enterprise app development as it provides support for different libraries and flexibility to select architecture and tools. Businesses can go for any customization of the app by choosing preferred tools and tech without any platform issue. When it comes to custom app development projects React JS is the most loved framework and the best platform for the best user experience, quick development and simplicity in the process. 

  • Backward-Compatible and Future-Proof Applications:

    As the framework is highly compatible, there is no need to change the existing code every time there is an update. The public APIs of the framework remain the same disregard the update. Because of its backward compatibility, the developers don’t need to replace their concepts or knowledge. These updates make the framework future-proof and keep it relevant to the near future. These features are for all the platforms including Android, iOS and more and let the developers conveniently fix the bugs and errors in very little time. 

  • Integration with Legacy Systems:

    If an existing system is upgraded with an enhanced UI, it can change the overall experience of a legacy system. The integration of the legacy system with the React JS framework will open new doors of improvement in the existing UI. The developers can easily integrate this framework into the existing system as per the needs of the business whereas recreating the whole system would require a lot of time, effort and money. 

  • Single-Way Data Flow:

    For all the components, ReactJS uses a virtual DOM which creates all the updates and renders to the real DOM on its own without interfering with the developer. If the developer creates any changes to the application, these are first done over the virtual DOM. If all the changes are risk-free and don’t affect the performance then the update is made in the React-DOM. For all the changes in the app, the risk management takes place and all the cost for DOM management is lowered.

  • Upgraded Productivity:

    Using React JS with all the features like Backward-Compatibility, component reusability, virtual DOM and its flexibility make the development process very easy. It also enables the developers to create applications that provide exceptional User Interfaces. React JS is the best for enterprise app development with its mobile-first experience and consumer-grade simplicity. 

  • Big Community Support:

    React JS has a big community of developers that contribute to improving its documentation every time. With this approach, all the documentation and information of innovation is always available for everyone. The community comprises millions of developers and many contributors who are available on various platforms like Stack Overflow to fix all the issues. 

To Conclude

If you are looking for some out of the box solutions for your enterprise apps, hiring React JS developers will be the best choice. It is the best UI framework available that allows the developers to create complex UI structures without facing any issue. It offers the best solution for front-end developers when combined with some tools or technologies to get a complete framework. The businesses get the best possible outcomes for their customized enterprise app development projects or they can also integrate it with their legacy system as per their business requirements. 

About Digital Crafters

Digital Crafters is a leading ReactJS web and mobile application development company and have excelled in providing best-in-class React JS development services. Our proficient team of ReactJS developers implement new technologies and convert them into business-driven applications for the clients. We focus on providing the clients with truly progressive web and mobile applications that meet their unique business goals.

Write to us at info@digitalcrafters.tech for more details about our services.