ERPNext system is extremely instrumental, especially in today’s time where no one has time to do things manually. Having an ERPNext system streamlines tasks boosts productivity and leverages data in real-time. The IT sector is huge and the number of tasks they have to handle is enormous, so why shouldn’t they leverage it.
ERPNext is a business management system for small and medium-sized businesses (SMB). ERPNext is also open source and is great for companies who want a base to build a unified tech stack for their business.
WHAT IS ERPNEXT
“Enterprise resource planning (ERP) Next is basically a business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back-office functions related to technology, finance, services, and human resources.”
ERPNext software typically integrates everything of an operation which includes product planning, development, manufacturing, sales, human resource, and marketing. All this is present in a single database, application, and user interface. When it comes to ease of use and data security, nothing beats ERPNext.
WHY ERPNEXT FOR IT SECTOR?
Now coming to the main focus here, why exactly do we need to integrate Cloud ERP when we have thousands of other project management tools. Managing an IT project is not an easy job and is quite slippery because of the constantly changing business environment. Generally, all projects are constrained by time, cost, and scope, and for any project to be successful, these three constraints must be in sync. If any constraint is out of equilibrium, the project has a higher chance of heading towards disaster!!
“IT projects are really sensitive because while introducing and implementing any new technology for the first time in the organization is very risky as it can bring down the whole system so it is really necessary that ERP implementation should be done in such a way if any complication occurs there should be a back-up to resolve the issue on an immediate basis. “
ERPNext overcomes these problems and manages processes efficiently. Not only this, implementing ERPNext system has helped IT companies execute multi-billion dollar projects for global companies with operations in multiple locations.
TOP ERPNEXT MODULES FOR IT COMPANIES
Each Open source ERP system module is tailor-made for a specific business function.The modules of ERPnext helps companies manage their accounting, billing, sales, support, purchasing, payroll, asset management, inventory management, manufacturing, retail POS all in one integrated solution. Below listed are some of the other ERP software features that will compel you to use it right away for your organization:
- Agile Methodologies
- Client Portal
- Milestone Tracking
- Portfolio Management
- Time and Expense Tracking
- Track performance of every Business functions
- Resource Management
- Data Visualization
- Predictive Analytics
- Data Mining
- Lead/ Opportunity Tracking
- Mail Gateways
- Direct Marketing
- Phone Calls
Sales and Marketing
- Marketing Campaign
- Lead Management
- Quotation Management
- Client’s inquiries
- Sales forecasting
Human Resource Management
- Employee records and information
- Performance reviews
- Employee salaries
- Recruitment Processes
- HR Analytics
- Asset tracking- Hardware and software
- Inventory Optimization
- Reports/ Analytics
- Product Identification
- Maintenance and Disposition
Accounting and Financial Applications
- Billing & Invoicing
- Financial Management
- Online Payment Processing
- Customer statements
- Tax Management
- Standard Operating Procedure
- Quality Goals
- Quality Review
- Quality Action
- Quality Assurance
- Data flow
- Operational Modules
- Status Indicators
- Contract Dispatching
- Contract Invoice
BUSINESS BENEFITS OF ERPNEXT FOR IT SECTOR
- Better client relationships
Build stronger relationships with clients and improve their satisfaction rate by sharing comprehensive project reports.
- Boost project profitability
Review timelines, resource needs and profitability to develop more accurate quotes and identify areas for margin in real time
- Raise resource utilization
Match the right skills to the right project with a simple search. Identify and assign the best resources.
- Faster turnaround time
Real-time insights are readily available enabling in making well-informed decisions based on stats, data, and metrics.
- Unified Data flow
ERPNext acts as a centralized system, this leads to better coordination and collaboration amongst different teams, ultimately resulting in increased revenue and productivity.
- Better Data visualization
Turning a vast trove of information into charts and graphs that clearly illustrate trends and help model possible results is an ERP capability executives find invaluable.
ERP reporting modules compile information about business operations into reports that empower stakeholders to make more informed decisions, enhance business processes and identify problem areas before the business suffers.
- Better Data & Cloud Security:
With ERPNExt you have dedicated security resources, hence better data protection since everything is stored on cloud
CHALLENGES WITHOUT ERPNEXT FOR IT SECTOR
- Timing delays and mismanagement
- Communication bottlenecks
- Unrealistic Approach
- Estimation mismatch
- Indefinite goals
- No real-time monitoring of progress
- Underutilized resources
- Longer time to resolve an issue
- Cost overruns
WHY CHOOSE NESTORBIRD TO BUILD OPEN SOURCE ERP FOR YOUR BUSINESS
If you are spending too much time on integrating various softwares, struggling to meet client’s expectations,unable to organize and produce comprehensive reports to clients, it is high time you switch to ERPNext. It will definitely help you scale appropriately and account for any trend change.
You can feel free to contact us anytime to get hands on the top most software to ease your business. Nestorbird has intelligently tailored and incorporated unique requirements of technology projects and organization’s processes, environment and culture. We have helped many clients build up their customized ERP system and build a sustainable and scalable enterprise. We offer an open source customized ERPNext solution build for small and medium sized businesses. Click here to get started.
The right ERP system can put you on the right track. Ready to make the investment?