To succeed in today’s competitive and dynamic landscape, small businesses have to decide on a good software that will help them increase their productivity and support their growth. From each process from accounting to customer relations, the software should take them towards growth and profitability. It was seen in the past few years that the enterprise resource planning (ERP) software was kept aside for the large corporate enterprises. Fortunately, in the present times, there are a lot of reasonable ERP software for small businesses in India that are easily accessible and pocket-friendly. We have compiled a few of the most popular ERP software for small business in India -
1. SAP Business One - SAP Business One is a trust-worthy software that is used by several small and medium-sized enterprises all over the world. It is a reasonable, budget-friendly end-to-end enterprise resource planning software. It greatly helps in simplifying the entire business processes from sales to accounting and finance as well as from inventory to project management. SAP Business One is a very popular and favoured ERP software for small business in India. It can be deployed both on-premise as well as on the cloud. It offers outstanding flexibility which will help organisations in scaling whenever there is a need.
2. Sage ERP - Sage ERP is an ERP software for small business in India which offers outstanding solutions for small and medium-sized organisations with a wide array of features. It helps organisations with the simplifying of various tasks, cooperating, and managing different functions of the businesses such as sales. This ERP platform can help in scaling the business.
3. Tally ERP – Another popular ERP software for small business in India is Tally ERP. It has good functionalities which surely makes it one of the best ERP software platforms in the market. Tally is also the oldest and one of the most prominent software, however, it is not yet a completely integrated software. It is suitable for the small and medium enterprises which don’t have a large volume of data and where the business is not operating in several countries.
4. Epicor ERP - With Epicor ERP, organisations are able to easily handle their customers and leads as well as all the facets of planning, and supply chain with one ERP system. It is an ERP software for small business in India that has been purposely developed for manufacturers and helps businesses in the manufacturing industry to succeed and make profits.
Apart from these, there are a number of ERP software for small businesses in India that are very good for various kinds of businesses. Small organisations should choose a platform that will be able to meet their current as well as future business needs and will help them in the expansion of the business globally.
What are some of the popular ERP business modules?
The ERP business modules offer data as well as support the processes that are useful to employees in the management of their daily activities. Each module is incorporated in the system for ensuring one source of precise data in the organisation.
How do the different ERP business modules assist the businesses?
ERP modules assist businesses in a number of ways. They help in uniting the data from all the departments on a single centralised platform. They will streamline as well as automate the business processes for increasing the operational efficiency and boosting the day-to-day activities. ERP modules can effectively perform the real-time data analysis for getting better insights into the expected sales, revenues, and even cash flows.
Some of the popular ERP business modules are -
1. Finance and Accounting - The Finance and Accounting module enables manufacturers to be aware of the existing financial status as well as the future position of the organisation. The key features of this module include accounts payable and receivable, taxation and general ledgers. The Finance and Accounting ERP business module allows automation of the billing tasks, vendor payments, account reconciliation, etc. The data for financial planning and analysis helps in preparing important reports like the Profit and Loss statements.
2. Manufacturing - ERP for manufacturers provides functionalities like Material Requirement Planning, Manufacturing Execution System and Advanced Planning and Scheduling.
- Material Requirement Planning coordinates the material flow matching with the production schedule. It gives priority to customer retention, decreasing costs, and increase in productivity.
- The Manufacturing Execution System helps in tracking, collecting and monitoring of the correct data about the production cycle. It helps in collecting data, tracking the products and managing quality control and resources.
- Advanced Planning and Scheduling will automate the process of changing planning into production orders. It will amend schedules in real-time.
3. Customer Relationship Management – The CRM module assists manufacturers in managing the overall lifecycle of the customer, production, as well as post-sale maintenance and support services. It helps find information about customers and their communication and purchase history.
4. Human Capital Management - This ERP Business module assists the Human Resource department of the company with the onboarding process and also ensures that relevant information about the organisation is effectively shared with all the employees. The functionalities of the Human Capital Management module are talent and workforce management, compliance, and maintaining employee data. You can get everything from payroll, requests for time-off, to taxes in this module.
5. Procurement – This module is also called Purchasing and helps an organisation in managing and protecting the goods that are required for manufacturing or selling products. This ERP Business module helps in automating, tracking, as well as analysing the quotes. After the acceptance of a quote, the purchasing department can prepare and send a purchase order with the help of this module. Manufacturers are able to maintain a list of all the approved vendors and link particular supply items with every vendor.
Takeaway
For any small business which is not able to meet the expectations of their customers and focus on their strategic growth, it becomes imperative for them to implement a good ERP technology. ERP software for small businesses in India can help them get better access and effectively handle data, maintain customer relationships, enhance their productivity, and make better informed data-driven decisions that take their businesses towards growth and success.
