Community question from Keith S., who asks, “Do users expect an ROI from ERP, or do they just assume it’s a software that must be adopted?“ To answer this question, we’ll look at the changing landscape of ERP software, the ROI users can expect and whether or not the ROI from ERP solutions is truly worthwhile.
Autodesk Fusion Lifecycle is a cloud-based product lifecycle management and collaboration tool that unites people, data and all project activities. This software solution brings focus to design and engineering workflows, allowing team members to connection and collaborate freely.
Exact Online provides an all-in-one manufacturing or wholesale distribution software solution that includes a medley of integrated modules in one platform. The Exact Online software integrates with QuickBooks Online or QuickBooks Desktop products and streamlines tasks such as logistics, CRM, production and inventory management to bridge the gap between financial software and manufacturing/wholesale distribution processes.
As an alternative to developing additional functionality within their base ERP offering, many software vendors purchase third-party applications (from another vendor), and sell the software as a “bolt-on” module. ERP history has shown that vendors often push bolt-ons once their clients discover during the software evaluation that their base package does not address their needs in specific areas.
Sage 500 ERP is a comprehensive ERP software solution that can streamline all business operations. The program comes with functionality for the areas of sales, supply chain, accounting and HR. For instance, users can enter new orders, pull up warehouse and inventory data, take care of clerical HR work and view all customer accounts.
Sage 300 Trade Specialty is an ERP software solution designed for the service and specialty industries. From within the centralized console, users can easily track inventory, issue work orders and perform financial transactions. Each time a customer inquiry comes in, the program notifies all relevant parties so that the problem can be dealt with.
Axis ERP is ERP software that enables users to develop, quote and produce new products aligned with customer expectations, deliver high-quality products while working to decrease lead times, and manage complex business models that involve multiple customized products. The platform is equipped to handle both low- and high-volume product manufacturing operations, allows users to set pricing rules based on order attributes, and is equipped to track inventory based on tag level and/or heat lot.
Capgemini IBX Business Network is an e-procurement software solution that shares information to all users in the supply chain. At the start, the program can connect users to over 500,000 suppliers across the globe. Users can then search for the goods they need and submit POs to suppliers. The system ensures that all purchasing data is consistent between all involved parties and also enforces compliance with vendor contracts.
This week’s question comes from Guy R who asks “I’m looking for alternatives to NetSuite and SAP that provide an integrated package including billing and stock control.” In order to answer this question appropriately, let’s delve into the features that makes NetSuite and SAP a dominating ERP suite in the market, then find solutions that most closely match the criteria.
Inventory management can become out of control quickly if you are not using the right tools, or you are using the tools incorrectly. Use your accounting software to help you gain control of your inventory, and make the entire process more efficient. Here are 10 ways to improve inventory management efficiency with accounting software.