What are the benefits of using ERP softwares such as SAP, Tally etc. for the business?

ERP stands for Enterprise Resource Planning

Enterprise is your business organization,Resource are your employees,Finance and infrastructure and we plan to use our resources to get best possible results for our business.

ERP software is used in a organization to put end to the manual process of working which is a hindrance to the smooth working of the organization in this fast paced world.

Using a ERP lets the management know whats happening in each department as all the modules of ERP like Finance,Production,Inventory,Sales,Purchase,HR etc are integrated with each other.

With an ERP system,your company will never have inventory shortages or wasted time spent transferring files manually.

Reduced inventory costs resulting from better planning, tracking and forecasting of requirements.

Turn collections faster from the debtors based on better visibility into accounts and  billing errors are less.

ERP systems make it easier for order tracking,inventory tracking,production tracking,revenue tracking,sales forecasting and related activities.

Some ERP systems also have the option of customization of the software according to your organizations need.

Depending upon your ERP software capability you can generate various reports at a given point of time,so the decision making becomes faster for employees and the management. 

ERP's can also integrate with3rd party softwares like hospital software,e-commerce software etc depending upon your requirements.

Depending upon your organizations requirements you can go for different ERP's like SAP or Tally.Each ERP has its own capability.

An ERP implementation done right can build the foundation for future growth and translate into improved productivity,cost savings.

 

 

 

Key Difference: Tally and SAP are both software which started as accounting software. Tally has been introduced by the Peutronics Pvt. Ltd (currently known as Tally Solutions Pvt. Ltd). SAP software is owned by SAP, which is a Germany based company. Tally and SAP offer numerous products. However, they are primarily differentiated on the basis of ERP packages offered by them. Tally is a very basic type of ERP software, whereas SAP provides some advanced functionalities as an ERP package. Usage of Tally software generally does not require professional training like in the case of SAP software. ERP provides more advanced features like data validation and data substitution. Third party software support for SAP is very high than in comparison to Tally.

 

Tally and SAP both are ERP packages which started off as accounting software. Tally ERP provides a basic functionality of an ERP package, whereas SAP ERP provides some extra and advanced features in its ERP package.  Both share many similarities like both are server-client systems, both provides multi language support. Both provide the features of remote access and real time data entry and many more.

 

Tally.ERP9 is the latest product form the Tally series. It has transformed the software from a basic accounting package to professional management software product. Tally communicates with Software application using XML, ODBC and DLL technologies.

 

Tally also offers products like Tally.Server9. Tally.Developer9 and Shoper9. Tally.Server9 has been designed to work as a strong data server meant for medium to large businesses. Tally.Developer9 works as an editor, search engine and compiler. Shoper9 has been designed for catering the needs of modern retail businesses by handling numerous transactions per day.

 

Tally4.5 was a DOS based program. Tally5.4 was a graphic interface version. Later, Tally6.3 supported printing mechanism. Later Tally7.2,8.1 and Tally9 introduced many advanced features. With Tally9 ERP it provides range of reports and advances features for auditors.

 

SAP also offers various other products like Customer Relationship Management, Product Lifecycle Management, Supplier Relationship Management, etc. SAP ERP has been a popular software for small and midsize companies. SAP ERP has been able to simplify corporate structure and market channel.   SAP ERP contains integrated modules which covers different aspects of business. Due to the numerous advantages offered by SAP software, it has gained the reputation of most popular business management tool across the world. Modules like Human Resourse (HRM), Customer Relationship Management (CRM) and Sales and Distribution (SD) are some of the modules present in the software. SAP enterprise solutions have been able to support all types if businesses.

 

 

Usage of Tally software generally does not require professional training like in the case of SAP software. ERP provides more advanced features like data validation and data substitution. Third party software support for SAP is very high than in comparison to Tally.

Here are some of the major benefits of using ERP software for your business:

1. Efficiency: An ERP solution eliminates repetitive processes and greatly reduces the need to manually enter information. The system will also streamline business processes and make it easier and more efficient for companies to collect data, no matter what department they’re working in.
2. Forecasting: Enterprise resource planning software gives your users, and especially managers, the tools they need to create more accurate forecasts. Since the information within ERP is as accurate as possible, businesses can make realistic estimates and more effective forecasts.
3. Collaboration: Nobody wants to run a siloed business with each department functioning separate from the other. Collaboration between departments is a crucial and often necessary part of the business. With the data entered into ERP systems being centralized and consistent, there’s no reason why departments can’t work together. The software also touches on almost every aspect of a business, thus naturally encouraging collaborative, interdepartmental efforts.
4. Scalability: Did you know? Structured ERP systems allow the addition of new users and functions to grow the initially implemented solution over time. When your business is ready to grow or needs more resources, enterprise resource planning software should be able to facilitate that growth.
5. Cost Savings: With one source of accurate, real-time information, ERP software reduces administrative and operations costs. It allows manufacturers to proactively manage operations, prevents disruptions and delays, breaks up information logjams and helps users make decisions more quickly. If you’ve chosen the right solution for your business, and the right vendor who meets your needs, you’re bound to see a powerful ROI.
6. Security: Data security isn’t a worry when you have an enterprise resource planning solution in place. A new system will improve the accuracy, consistency, and security of data, all through built-in resources and firewalls. Restrictions to data can also be enhanced by managers of the solution, so you can make your own software as secure as you’d like.

To integrate all business lines you have.