Enterprise resource planning (ERP) software, groups all traditional company management functions (finance, sales, manufacturing, human resources, etc.) into a coherent, integrated system. The integration of so many management aspects signifies that a sophisticated level of planning is required for an ERP implementation.
Sysapps can be customized and applied to Manufacturing or non-manufacturing environments with specialized functionalities as required by different industries.
Enterprise Resource Planning - Business Drivers and Benefits
A Simple and easy to use ERP system like Sysapps aid in the control and communication of business activities, such as:
- Efficient handling of order processing and production scheduling
- Management and analyses of business processes within an interactive environment
- Synchronization of activity within departments, such as human resources or finance, with the needs and output from production facilities
- Monitoring, sharing, and tracking information throughout the organization
- Maintaining records of warehoused goods
- Dynamic control of the purchasing of raw materials
- Automation of data entry processes
- Synchronization of order entry, quote processing, and reporting
- Reduction of the amount of time assembly lines are down, the costs of carrying inventory, production costs, and record keeping errors
- Obtaining the most value from company resources and equipment
With a common database from ERP,
accounting no longer requires duplicate files and redundant data entry. Product costing, for example, can be performed using accurate and up to date product structures.
Product costing simulations can be used to
analyze the impact of changing material costs, labor rates, and overhead allocations as well as planned changes to bills and routings. Differences between actual and standard costs are highlighted as variances. Order related variances help pinpoint problem areas.
Customer invoices can be based on actual shipments (without duplicate data entry), which helps speed invoice processing.
Payables can use purchase order and receipt data for three way matching with supplier invoices.
As manufacturing transactions are recorded, the financial equivalents are automatically generated for updating the general ledger. This provides a
complete audit trail from account totals to source documents,
ensures accurate and up to date financial information, and permits tracking of actual versus budgeted expenses.
Detailed transaction activity can also be easily accessed on line for answering account inquiries.
Since manufacturing transactions automatically update the general ledger,
time consuming manual journal entries can be eliminated. Period end closing procedures can be performed in hours or days, rather than weeks. This improves reduces clerical accounting work, and improves the timeliness of financial reports.
Financial reports can be easily customized to meet the needs of various decision makers. Financial projections can be based on detailed ERP calculations for future requirements. Cash planning, for example, can account for current and projected sales orders and planned purchases, as well as current receivables and payables. Decision support tools (such as spreadsheets, graphics packages and data managers) can use the financial data maintained in the ERP database.
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