What Is ERP?

ERP stands for enterprise resource planning. It states the systems and software packages used by organizations of all sizes to manage day-to-day business activities, such as accounting, procurement, project management, and manufacturing.

What is ERP System? (Enterprise Resource Planning)

ERP systems tie together and define a plethora of business processes and enable the flow of data between them. By collecting an organization’s shared transactional data from multiple sources, ERP systems eliminate data duplication and provide data integrity with a “single source of truth.”

Today, ERP systems are critical to managing small, medium and enterprise businesses across all industries.

 

ERP Fundamentals

ERP systems are designed around a common, defined data structure (schema) that usually has a common database. ERP systems provide access to enterprise data from multiple activities using common constructs and definitions and common user experiences.

A key ERP principle is the central collection of data for wide distribution. Instead of several standalone databases with an endless inventory of disconnected spreadsheets, ERP systems bring order to the chaos so that all users—from the CEO to accounts payable clerks—create, store, and use the same data derived through common processes.

 

The Business Value of Nettech ERP

It’s impossible to ignore the impact of ERP in today’s business world. Hence, Nettech provides cutting-edge ERP services to fulfil the needs of modern enterprises. As enterprise data and processes are corralled into ERP systems, businesses are able to align separate departments and improve workflow, resulting in significant bottom-line savings.

Nettech ERP provides following Benefits to the enterprises :

  • Improved business insight
  • From real-time information generated by reports
  • Lower operational costs
  • Through defined and more streamlined business processes
  • Enhanced collaboration
  • From users sharing data in contracts, requisitions, and purchase orders
  • Improved efficiency
  • Through a common user experience across many business functions and managed business processes
  • Consistent infrastructure
  • High user-adoption rates
  • From a common user experience and design
  • Reduced risk
  • Through improved data integrity and financial controls
  • Lower management and operational costs
  • Through uniform and integrated systems

Apart from the General benefits, Nettech provides specified and custom ERP depending on your business needs. Some of the custom systems are detailed below.

  1. Customers Management

Main Features Include:

  • Customer Information
  • Customer Approvals
  • Special Pricing
  • Material Safety
  • Datasheets
  • Any Other Pertinent Data

 

  1. Sales Management

Main Features Include:

  • Sales Orders
  • Receipts
  • Logistics
  • Invoice Inquiry

 

  1. Purchase Management

 

Main Features Include:

 

  • Purchase Orders
  • Purchase Requisition
  • Payments Management
  • Loading Slips
  • Gain / Loss Calculations

 

  1. Purchase Management

 

Main Features Include:

 

  • Financial Management
  • Balance Sheet
  • Income Statement
  • Trial Balance
  • General Ledger
  • Journal Entry

 

These and many such more features can not only enhance the work efficiency of your business but can add an extra benefit for you to work on your account, business and finance with renewed vigorous energy and transparency.

 

For more information please visit nettecherp.com

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