Our Tech Cloud ERP is an enterprise-wide information system that facilitates the flow of information and coordinates all resources and activities within the business organization. Of all the software an organization can deploy, Tech Cloud ERP has potentially the most direct impact on reducing costs. Our Tech Cloud ERP software integrates all business processes including inventory, manufacturing, sales and marketing, purchase, human resources, asset management, plant maintenance, quality control, and finance. We aim at providing full-fledged services to the clients focusing on long-term relationship and value-added services.
Why SMEs need regular ERP Upgradation to Survive
In sectors like retail and lifestyle, efficient ERPs are increasingly becoming an integral aspect of an operation.
The main facet that governs the growth of the mid-sized firms is the ability to adapt to changing market trends.
It is imperative to say that the smaller firms have not the infrastructure or revenue to upgrade always.
While the whole infrastructure overhaul can be intimidating, slackness in upgrading some basic aspects like
ERP might be disastrous to the long-term plan of any firm.
The modern retail industry is progressive in nature with mobility being a basic feature.
It is increasingly becoming synchronized with cloud integrations, extended reach and ROI centered decision making.
The changing scenario of organized retail has put the smaller firms under duress.
The need is to be flexible and interactive to market demands. Investing in modern ERP is thus a pivotal aspect of sustenance for SMEs.
To understand the aspects which make ERP upgrades so important, we have to delve a bit deeper.
Recent studies suggest that 25% of SMEs are keen on investing in better ERP for their retail business and the trend can be attributed to the following reasons.
Reason #1 Optimized costing
Reducing cost is no more a challenge to the retailers/manufacturers. Rather, optimizing cost to fine-tune quality and quantity has taken center stage.
Real-time ERP information makes it easier for firms to make spontaneous moves and reduce operational costs to as much as 23% (Ref: Forrester Research)
Reason #2 Systematic Production Techniques
In the current retail scenario, SMEs are increasingly getting dependent upon the relevant technologies.
From complex order processing to enhancing operating efficiency, these technologies run optimized only when the resident ERP system is well equipped to integrate them in the system.
On-time deliveries for SMEs can experience up to 24% increase with proper integration of latest technologies along with the resident ERP.
It is imperative to say that this is a major factor for evaluating the functionality of the ERP from time to time.
ERP Software Implementation Can Reduce Cost By 20%
A basic ERP software system which is strongly integrated allows interactions of marketing, sales, quality control and many other areas. It eliminates the errors as it would be in a single database. Integrating all departments across the company will be able to benefit departments with needs.
It works to better integrate each division within the organization, helping it to function as one unified entity. Communications between different divisions are made smoother and faster and are less prone to human error. An organization’s agility and efficiency also largely depend on how well it integrates with its whole system – its allies, dealers and clienteles. The more integrated the business is both internally and externally, the better it’s overall performance.
An effective ERP system leads to these five benefits to SMEs:
• 22% reduction in operating costs
• 20% reduction in administrative costs
• 17% inventory reductions
• 19% improvement in the complete and on-time delivery
• 17% improvement in schedule compliance
Data synchronization is perhaps the main concept in integration, especially when an integration solution involves data on cloud and on-premises and more so when some data resides outside the enterprise.
Tech Cloud POS is one of the leading software providers in Hyderabad who focus on Point Of Sale (POS) Software System. Tech Cloud POS specializes in providing Point Of Sale Software solutions to all retail franchises, Coffee Shop, Hotel, Salons and all other business.