Indian business stakeholders and decision makers are the global leaders in aspiring and applying Digital Transformation to their business processes. This is the learned inference of the global study titled, Keeping Score: Why Digital Transformation Matters; conducted by CA Technologies (CA) and Coleman Parkes in 21 countries and 10 industry sectors across the world. According to the study’s Digital Transformation ‘Business Impact Scorecard’ (BIS), India ranks first on the list with a score of 79 out of 100, against a global BIS average score of 53; while the Americas are at 63, Middle East & Africa (MEA) scores 47, and Asia Pacific & Japan (APJ) scores 56.

Mobility and productivity are contradictory factors in the business realm, was a popular contention even until the first decade of this millennium. But as per the present 2017 trend, wherein traversing international borders for work and/or on business has become a trivial affair, mobility has become an important aspect of productivity.

At a time when ERP oriented writings and media interactions are all about the nuances and multifaceted advantages of On-Cloud ERP, a write up on the edge of On-Premise ERP is quite odd.

Odd as it might seem, a few perennially existent industry workflow attributes, render the On-Premise ERP implementation irreplaceable. Among them, the 4 most trivial, yet striking industrial requirements, which deem the On-Premise ERP to be more relevant than the On-Cloud ERP for the contemporary business and market scenarios, are:

ERP on Cloud has become a secure platform for enterprises as its plentiful benefits outdo its limitations that have become very solvable with some thought and technology. Cloud Predictions for 2017 by Oracle, observes that, "Enterprise cloud becomes the most secure place for IT processing. In the past data security was a major barrier to invest on cloud ERP. But in future, those very same concerns will be the things that draw new organizations to the cloud. Established cloud vendors with solid security track records have the expertise and resources to deploy layers of defense that many companies simply cannot duplicate in-house".

“Goods and Services Tax means any tax on supply of goods or services or both except taxes on the supply of the alcoholic liquor for human consumption”, says Article 366 (12A); amended by the 122nd Constitutional Amendment Bill, 2014; passed in the parliament with all amendments on 29 March 2017; finalized with all updates during the 17th meeting of the GST Council on 18 June 2017; and rolled out on 01 July 2017.

While no one ever said inventory management was easy, it is possible to overcome the challenges of most business owners faces on a daily basis. Here we’ll provide a solution for the major challenges faced by businesses in managing their inventory efficiently.

All the entrepreneurs of the organization likely to view the immediate status of each department or the units involved. In Detail, for Instance, the operations and tasks carried out in Production department should be brought to the quick view for their attention and analysis. The relevant production data such production plan, materials and resources involved, reception of raw materials etc. These details should be presented in an organized way. If you consider the operations involved in purchase department such as purchasing supplier, order details, GRN details for the orders should be viewed in just a click event.

Almost all the organizations would like to record their inward or outward transactions in simple steps. Tedious recording will never be encouraged by all the individuals at any circumstances. Though Goods receipt note can be created directly and manually, there may also exist the scenarios where the procurement starts from purchase requisition. Purchase order preceded by Purchase requisitions, followed by GRN creation, Financial implications of GRN, Quality inspection of materials and finally with receiving of Goods.

Goods Receipt Note is a document used to record the inward entry of any goods received at the premises of the organization.

For businesses, dealing with large volumes of purchase orders, management of these documents is of vital importance since irregularity and absence of accurateness in the PO management may create a chaotic environment.

Purchase orders management is one of the key components of an ERP system. Roadmap ERP provides enormous features enabling the users to reduce their manual work. This saves lots of valuable time of the users in making the POs from requisition in simple steps.

It has become a great challenge for the enterprises in maintaining the supply chain data recent times to cope up with the growing structured and unstructured data. The supply chain data of many enterprises seems to be a complex system to handle the processes, people and technologies.

Companies today face tougher competition in the market place in optimizing the resources availability, improving profitability and satisfying customers. Hence, many organizations have realized the importance of implementing an ERP Solution. ERP implementation reduces the complexity and implements new strategy which helps to support the overall growth of the company.
However, an ERP implementation has several aspects to be considered and if not executed properly, it may lead to a business disaster rather than an advantage. Hence choosing an ERP solution that meets your specific business requirements will enable you to have a smoother implementation. As you take on the task of choosing a right ERP, there are four guidelines to be considered.