Why ERP is essential for success

Enterprise Resource Planning provides many benefits to business such as

  1. Enhance productivity, flexibility and customer responsiveness : By integrating core business processes together in one single application, it helps company maximize the efficiency of business process across the entire organization. Increase on time delivery, increase productivity, increase ability to forecast demand to supplies, increase order capacity, and improve customer service (Customer Relationship Management (CRM)) etc. are the results achieved with a good ERP system.
  2. Eliminate costs and inefficiencies : Using an ERP system to standardize business processes can dramatically improve company’s operation. ERP enable company to manage relationship with vendor which results in better purchase efficiency. Better resource management results in more inventory turns and decreases the level of inefficiencies.
  3. Data consistency : With an integrated system of all business management functions, it decreases level of inconsistency from different systems. Thus, by using ERP system, managers can gather correct information and make a right decision.
  4. Extend your business using the Internet : By integrating all business functions together in one system, it increases ability of a company to use internet as part of the business strategy. Web-enabled technology allows you to access information, sell product, run business processes, and communicate with customers and partners at any time and from anywhere in the world.

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Overview – Incorporation of One Person Company (OPC)

One person Company means, a company which has only one person as a member. The intent behind having this new initiative is the fact that in India there are lots of people who work as Individual workers through proprietorship concern; through this new concept these people will have the same rights, the same credit facilities, and the same recognition as companies without having the multiplicity of Compliance.

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