Erp Software With Source Code

Erp software is playing a vital role in the business world. It helps to manage, track and analyze all information related to your business. Nowadays there are many software providers that can provide you the erp software. But, they charge high amount of money. But with this post, we will help you to save money by providing open source erp software at free of cost with the source code so that you can have complete experience on developing web based erp software.

In this post, we review the aspects of Erp Software With Source Code, open source erp software, free download erp software with source code in c, and how to develop web based erp software.

Erp Software With Source Code

Open ERP is an open source ERP software which is used to manage the day to day business activities. The main features of this software are sales management, tax management, accounting and invoice management. Open ERP offers many benefits as it is free to use , highly customizable , multi language and multi company .

Open ERP is also an open source ERP software .

If you are looking for an ERP software and want to save money, Open ERP should be your first choice. The fact is that it’s free to use, highly customizable and multi language and multi company.

The basic concept of this open source ERP software is “user defined”. You can customize the system according to your needs and start working with it immediately without any cost involved.

Open ERP has the features like sales management, tax management, accounting and invoice management.

Open ERP is a web-based application that comes with the following features:

  • Sales management: This module helps to maintain all sales-related information of your business. It includes accounts for customers and vendors, quotation and order management, recurring deposits, purchase invoices, sales invoices and other related documents. You can also create custom reports from this module that reflect your business requirements.
  • Tax Management: If you want an advanced tax management system in your ERP software then Open ERP is worth considering as it comes with all necessary features like GST identification number generation & registration; VAT/GST import & export; VAT/GST reconciliation report generation; VAT return generation & filing etc.
  • Accounting: Accounts payable & receivable, bank reconciliation statement preparation etc. are just some of the accounting functions offered by this software solution.
  • Invoice Management: This module provides support for multiple companies (even if they are different entities). It allows users to generate bills based on customer orders or vendor payments—as well as manage them efficiently through its powerful search mechanism when necessary—or even manually enter individual items into each invoice if necessary too!

The main pros of the software are that it is free to use , highly customizable , multi language and multi company.

The main pros of the software are that it is free to use , highly customizable , multi language and multi company.

Pros:

  • Free – You can use it freely without paying anything to the creator or developer of this software. Just download and install on your computer or laptop and start using the software immediately after installation. No need to pay any subscription fee for its usage.
  • Highly Customizable- This ERP software comes with great flexibility which allows you to make changes in any part of the application according to your needs and requirements without making any changes in source code files because all modifications can be done via configuration files only which makes it highly easy to customize according to your requirement as well as specific business type

open source erp software

Enterprise Resource Planning or what is commonly referred to as ERP represents a complete suite of applications aimed to manage various business processes for an organization. An ERP is designed to effectively integrate various business systems while streamlining the processes for increased efficiency and more productivity. However, investing in a robust ERP doesn’t come cheap, but is a time-intensive process that comes with high cost. Thereby, implementing ERP requires businesses to take a leap of faith, as they let go of all business systems to automate the software. Nonetheless, given the high cost and time-intensive implementation process, businesses need to choose the right open source ERP software that can help them achieve business bottom lines by automating the processes and increasing the productivity for businesses.

Custom ERP System Implementation Plan by Folio3

At Folio3, we have a team of individuals with in-depth knowledge, understanding, and expertise in Dynamics 365 and Dynamics AX customization that allows them to deliver customized AX solution with low and affordable development costs and fewer risk. We have been delivering Dynamics 365 and Dynamics AX Customized solutions for years to hundreds of organizations globally, helping to benefit from their business as much as possible.

Here in this blog, we will be discussing all you want to know about the open-source ERP system and its working. We will also be looking at some of the best open source ERP software available in the market. So, keep reading on and we shall meet at the other end of the post.

What is Open Source ERP?

Open source ERP system is defined by the greater control and freedom of choice as compared to some proprietary software. In the case of proprietary software, the vendor doesn’t release the source code, which compels users to rely solely on what is offered by the vendor or to pay the vendor more money for any custom features required. However, in the case of open source ERP software, the users have access to the code, whereby, they can alter the code as per their requirements or generate any other additional feature they may require.

The cost of ownership is another key difference between open source ERP Systems from proprietary software. As with other open-source systems, open-source ERP software is publicly available (with some catches). Nonetheless, there is no licensing fee involved here and the users of the open-source ERP system are able to access the source code free of cost. However, some of the more renowned and established vendors of an open-source ERP system does offer a paid subscription for some extra services like hosting, support, and advanced functionality (more on this later).

In essence, open-source ERP software offers a great opportunity for growing businesses to integrate technology features into their business processes within their limited resource. Furthermore, these systems also offer great flexibility for businesses to alter or add functionalities as and when required, making them the ideal solution for businesses looking for greater personalization and customization solution.

Pros and Cons of Open Source ERP System

While there are various benefits of an open-source ERP system, it certainly does have its own set of limitations, too. Let’s take a brief look at some of the pros and cons of open source ERP software;

PROS

Low Cost

As can be taken by name, the open source ERP system doesn’t come with any licensing fee for the source code. It makes it even easier for businesses to self-host the system without any support required from the vendor. However, for users who are looking for some assistance to manage the system, they can choose vendors that offer Software-as-a-service (SaaS). Vendors like Folio3 and others do offer businesses with comprehensive service and support for ERP systems, making it easier for clients to manage and take full potential of the system. The SaaS model is typically billed monthly, while the price for the support will depend on the services and users managed by the vendor.

Highly Scalable

As we mentioned earlier, the ERP system is a large investment that consumes significant money and resources. Thereby, while implementing an ERP Software for Agriculture Industry, it’s important for businesses to not only consider the present business requirements but also future needs. That’s because any changes/addition to the existing system comes with expensive re-implementation costs.

However, with an open-source ERP system, that’s not a problem. Access to source code makes it easier for businesses to alter and scale the solution as they grow.

Customization

With direct access to the source code, businesses don’t need to rely on standard functionalities or pay extra for customization. Rather, they can always customize the functionalities as per their requirement without having to rely on vendors.

Community Support

Like all open-source projects, the users of open source ERP software can rely on a strong and vibrant user community. The benefit of strong community support is that it comes transparent and free of cost. All major open source ERP system comes with an adequately large and vivid community which can be relied upon for fast and transparent solution against any system bugs or to achieve customize functionality.

CONS

Expert IT Team

As we mentioned earlier, the implementation of an ERP system required significant resources. Businesses without an expert IT department may find it hard to implement the system on their own and require support from specific ERP Dynamics AX business intelligence software solutions like Folio3 offering support as Software-as-a-Solution (SaaS) service. Also, an expert IT team isn’t just required during the implementation phase of ERP, rather also to achieve any level of customization or any changes to the standard source code.

Overly Complex

All ERP implementation projects are inherently complicated, and it gets even more complex with open source ERP software. While free-implementation and a higher level of customization may sound appealing on the surface, things can quickly get out of hand if not handled with care by experts.

Increased Risk

There aren’t many established and financially stable open source ERP vendors available in the market. Thereby, there’s always an increased risk of working with vendors that aren’t stable and may go out of business anytime.

Lack of Proprietary Engineering

One aspect where open source ERP software lacks greatly as compared to proprietary software is the established and proven systems. The proprietary engineering that goes into the development of proprietary software ensures maximum uptime for the system and minimum failure rates. With open source ERP software, there are no established systems which can lead to greater downtime or increased failure rates.

What are the types of open source ERP?

There are various types of open source ERP software available. Each type of software is meant to handle different aspects of the business. Based on the roles and operations, open-source ERP can be divided into three main categories including;

Generalist ERP:

Most of the open-source ERP software available in the market are generalist in nature. These systems are designed to adapt to diverse processes across industries. Such ERP software also offers greater customization and integration features to adapt to the varying needs of industries. However, generalist ERP may lack some of the advanced industry specific functionalities, as compared to vertical ERP systems.

Vertical ERP:

Contrary to generalist ERP, vertical ERP software is meant for specific industries like construction, retail, supermarket, and others. While these aren’t as widely used as generalist ERP software, such ERP system comes with advance functionalities that enable companies to automate all business processes and systems.

Small Business ERP:

Small business ERP is offed as cloud or on-premise solutions. Since this type of ERP software is specifically aimed towards small businesses, it mostly comes with pared-down features.

What are the benefits of ERP?

Now that we have an understanding of the type of open source ERP system, let’s see some of the more pronounced benefits of an ERP system;

Focused IT Costs

While the ERP system may require a large implementation cost, once implemented; it can significantly unify the IT cost for business operations, while also increasing efficiency. With an effective ERP system, the IT function doesn’t need dedicated staff, large infrastructure, and large teams to manage multiple systems; as all of these issues can be handled by one ERP system.

The ERP software is inherently developed with a modular approach, which means that it makes it easier for all staff members to only use the pieces that they need while keeping integrated all business systems (HR, CRM, HR, Finance, and others).

Greater Visibility

Perhaps the greatest benefit of the ERP system is that it enables business owners to get complete access to all the crucial data & information they require to manage daily business operations, as well as, make intelligent business decisions.

For instance, with an effective ERP system, it’s possible for relevant staff to keep a vigilant watch on inventory levels, and maintain adequate inventory stock on daily basis. It also enables decision-makers to have insights into the inventory patterns and know which products are in high demand; this giving more control on managing working capital.

Enhanced Reporting and Planning

Apart from greater visibility, the ERP system also offers enhanced reporting and planning solutions for businesses. By implementing an ERP suite for farmers and different business functions, it becomes easier for business leaders to get interactive and detailed reporting from individual functions through a unified dashboard. This not only helps them to identify areas of weakness but also take timely actions to mitigate weaknesses. The reports delivered by the ERP system also enable business leaders to compare the performance of different business functions and make well-informed business decisions.

Improved Efficiency

Moving on, ERP implementation doesn’t result in lower IT costs, rather it also significantly reduces the time and efforts required to perform daily business operations. By automating various redundant operations, the ERP system relief staff of tedious processes, giving them more free time to focus on core revenue-affecting tasks.

Customer Service

ERP system doesn’t just improve users’ business processes and systems, rather it also greatly improve customer service. By creating a centralized and streamlined data repository for all clients, it enables the sales team to be more objective in their approach to build and maintain customer relationships. Exploiting the detailed insights and end-to-end tracking offered by an ERP software, sales, and customer support team are in a better position to improve the retention rate by offering customers a personalized operational experience.

Some of the latest ERP systems also support ecommerce integration, thereby greatly improving the capacity of online stores to process orders and manage clients’ interactions.

What is the most common open source ERP system?

While there is various open-source ERP software that is widely used across industries, ERPNext is certainly one of the most popular and widely implemented systems that are developed with modern functionalities. ERPNext is aimed at small and medium businesses; offered as a series of apps. Based on MariaDB, ERPNext uses Python and JavaScript based server-side framework to offer exceptional features and user experience. The open-source ERP software enables businesses to actively track inventory across multiple warehouses, as well as, offer advanced functionalities to manage customer issues. Manufacturing businesses and SMEs are the biggest users of the system, which leverage the interactive interface and advance functionalities of the software to streamline business operations. To further enhance customer experience, ERPNext comes with an easy implementation process, whereby, customers are guided at each step of the implementation process.

10 Best Open Source ERP Software Systems For 2022

Odoo

Odoo is one of the widely popular and well-known open source ERP systems. The software offers an integrated suite of applications that comes with multiple modules for manufacturing, accounting, finance, project management, billing, inventory management, billing, and others.

While we earlier mentioned the inherent complex characteristic of ERP systems, Odoo is one software that is developed keeping in view customer experience and simplicity. The interface of the system is designed to be intuitive and is reminiscent of Google Drive with clearly visible functionalities. The best part about Odoo is that it offers a free trial period, whereby, you can also signup for a paid subscription for as low as $20 per month. The software is licensed under LGPLv3, whereby the source code of the system can be downloaded from GitHub.

Metasfresh

Metasfresh is yet another popular open source ERP software that keeps up with its name of keeping its code “fresh”. The system comes with a powerful ERP package that’s interactive and intuitive to use. Metasfresh is an affordable ERP solution for small and medium businesses to keep up with their business needs. The system can easily be self-hosted by users and used for free. Metasfresh is a product of Metas GmbH and is developed for all major operating systems including Windows, Linux, iOS, and Android. The software is licensed under GPLv2/GPLv3 and is available in multiple languages including SQL, Java, XML, and JavaScript.

ADempiere

ADempiere is a well-established open-source ERP system that is aimed at small and medium businesses. the project was founded in 2006 by Compiere ERP Software. ADempiere is an Italian word that means “achieve” or “Satisfy”, clearly representing the essence of the software to offer users multidimensional features aimed to achieve greater efficiency and increased efficiency. The system comes with complete integration with supply chain management (SCM), as well as, customer relationship management (CRM), making it easier for users to manage various business functions including sales, purchase, accounting, and inventory management.

ADempiere is a Java-based cloud solution and supports all major operating systems including; Windows, MacOS, Tablets, Linux, and Unix.

Apache OFBiz

Apache OFBiz is developed on a common architecture, making it easier for users to customize the system as per their needs and requirements. The system is aimed at medium to large enterprises and comes with various functionalities to support internal support development resources; making it easy for businesses to integrate it with existing infrastructure and business processes.

free download erp software with source code in c

Businesses with more than a handful of employees have a lot to balance including pricing, product planning, accounting and finance, managing payroll, dealing with inventory, and more. Stitching together a set of disparate tools to handle those jobs is a quick, cheap, and dirty way to get things done.

That approach isn’t scalable. It’s difficult to efficiently move data between the various pieces of such an ad-hoc system. As well, it can be difficult to maintain.

Instead, most growing businesses turn to an enterprise resource planning (ERP) system.

The big guns in that space are Oracle, SAP, and Microsoft Dynamics. Their offerings are comprehensive, but also expensive. What happens if your business can’t afford one of those big implementations or if your needs are simple? You turn to the open source alternatives.

What to look for in an ERP system

Obviously, you want a system that suits your needs. Depending on those needs, more features doesn’t always mean better. However, your needs might change as your business grows, so you’ll want to find an ERP system that can expand to meet your new needs. That could mean the system has additional modules or just supports plugins and add-ons.

Most open source ERP systems are web applications. You can download and install them on your server. But if you don’t want (or don’t have the skills or staff) to maintain a system yourself, then make sure there’s a hosted version of the application available.

Finally, you’ll want to make sure the application has good documentation and good support—either in the form of paid support or an active user community.

There are a number of flexible, feature-rich, and cost-effective open source ERP systems out there. Here are nine to check out if you’re in the market for such a system.

ADempiere

Like most other open source ERP solutions, ADempiere is targeted at small and midsized businesses. It’s been around awhile—the project was formed in 2006 as a fork from the Compiere ERP software.

Its Italian name means to achieve or satisfy, and its “multidimensional” ERP features aim to help businesses satisfy a wide range of needs. It adds supply chain management (SCM) and customer relationship management (CRM) features to its ERP suite to help manage sales, purchasing, inventory, and accounting processes in one piece of software. Its latest release, v.3.9.0, updated its user interface, point-of-sale, HR, payroll, and other features.

As a multiplatform, Java-based cloud solution, ADempiere is accessible on Linux, Unix, Windows, MacOS, smartphones, and tablets. It is licensed under GPLv2. If you’d like to learn more, take its demo for a test run or access its source code on GitHub.

Apache OFBiz

Apache OFBiz’s suite of related business tools is built on a common architecture that enables organizations to customize the ERP to their needs. As a result, it’s best suited for midsize or large enterprises that have the internal development resources to adapt and integrate it within their existing IT and business processes.

OFBiz is a mature open source ERP system; its website says it’s been a top-level Apache project for a decade. Modules are available for accounting, manufacturing, HR, inventory management, catalog management, CRM, and e-commerce. You can also try out its e-commerce web store and backend ERP applications on its demo page.

Apache OFBiz’s source code can be found in the project’s repository. It is written in Java and licensed under an Apache 2.0 license.

Dolibarr

Dolibarr offers end-to-end management for small and midsize businesses—from keeping track of invoices, contracts, inventory, orders, and payments to managing documents and supporting electronic point-of-sale system. It’s all wrapped in a fairly clean interface.

If you’re wondering what Dolibarr can’t do, here’s some documentation about that.

In addition to an online demo, Dolibarr also has an add-ons store where you can buy software that extends its features. You can check out its source code on GitHub; it’s licensed under GPLv3 or any later version.

ERPNext

ERPNext is one of those classic open source projects; in fact, it was featured on Opensource.com way back in 2014. It was designed to scratch a particular itch, in this case replacing a creaky and expensive proprietary ERP implementation.

ERPNext was built for small and midsized businesses. It includes modules for accounting, managing inventory, sales, purchase, and project management. The applications that make up ERPNext are form-driven—you fill information in a set of fields and let the application do the rest. The whole suite is easy to use.

If you’re interested, you can request a demo before taking the plunge and downloading it or buying a subscription to the hosted service.

Metasfresh

Metasfresh’s name reflects its commitment to keeping its code “fresh.” It’s released weekly updates since late 2015, when its founders forked the code from the ADempiere project. Like ADempiere, it’s an open source ERP based on Java targeted at the small and midsize business market.

While it’s a younger project than most of the other software described here, it’s attracted some early, positive attention, such as being named a finalist for the Initiative Mittelstand “best of open source” IT innovation award.

Metasfresh is free when self-hosted or for one user via the cloud, or on a monthly subscription fee basis as a cloud-hosted solution for 1-100 users. Its source code is available under the GPLv2 license at GitHub and its cloud version is licensed under GPLv3.

Odoo

Odoo is an integrated suite of applications that includes modules for project management, billing, accounting, inventory management, manufacturing, and purchasing. Those modules can communicate with each other to efficiently and seamlessly exchange information.

While ERP can be complex, Odoo makes it friendlier with a simple, almost spartan interface. The interface is reminiscent of Google Drive, with just the functions you need visible. You can give Odoo a try before you decide to sign up.

Odoo is a web-based tool. Subscriptions to individual modules will set you back $20 (USD) a month for each one. You can also download it or grab the source code from GitHub. It’s licensed under LGPLv3.

how to develop web based erp software

Growing companies eventually reach a point where Excel spreadsheets no longer serve the purpose for their business. That’s when Enterprise Resource Planning (ERP) software comes in. ERP systems have established their dominance in the field of software solutions for business.

These systems collect and organize key business information and help organizations run efficient operations, even when they are expanding. Most business professionals may have heard the term ERP, but they might not be aware of what this software can do for their teams.

In this guide, we’ll explain exactly what an ERP system is, how to build an ERP system, and what it can do for your organization. So, without further ado, let’s get started!

What is Enterprise Resource Planning (ERP)?

Enterprise Resource Planning or ERP refers to a type of software that helps organizations manage day-to-day business processes from one place. It can include activities such as inventory management, logistics management, accounting, healthcare and more.

The primary goal of an ERP system is to optimize and automate the processes to boost operational efficiency and company profitability.

Modern ERP systems use the latest technologies such as machine learning and artificial intelligence to provide intelligence, visibility, and efficiency across every business unit.

Now that we have defined what an ERP system is, let’s have a look at a few interesting statistics indicating the growing popularity of ERP systems.

Enterprise Resource Planning Market Overview

As per the statistics, more than 53% of businesses believe ERP is one of the priority sectors for investments. The top most important reasons to implement an ERP are increasing efficiency (35%) followed by cost advantage (29%).

Another report by Allied Market Research indicates that the global ERP market will grow at a CAGR of 9.8% from 2020-2026 to hit a market value of over USD 86 billion by 2027. The key factors impacting the growth of the ERP market are the need for operational efficiency, the surge in adoption of cloud & mobile apps in enterprise digital transformation, and an increase in demand for data-driven decision-making.

Why does ERP matter to your organization?

Organizations employ ERP systems for various reasons, such as expanding business, reducing costs, and improving operations. It also helps in legacy system modernization also empowers businesses to be adaptive to customer needs and enhance the customer experience.

Here are a few key benefits of the ERP system that contribute to your organization’s overall success:

Improved productivity: ERP automates routine manual tasks and processes. This helps your business save a lot of time and remove instances of duplication, error, and rework. As a result, employees perform better and complete more tasks in less time. Also, integrating ERP systems allows your employees to spend less time on repetitive work and more on those tasks that generate revenue for your business.

Better collaboration: The unified system that contains all business-related data improves cooperation between enterprise branches or departments. ERP software reduces communication delays across the whole company. This is beneficial if your organization has a distributed network of affiliates in several states or even in different continents.

Faster decision making: ERP provides a real-time view of data, with easy-to-use reporting and analysis that empowers intelligent decision making. For example, with an ERP system, you can see which workflows are efficient and which ones are losing you money.

Better customer service: Another major benefit of ERP is that it helps in offering better customer services. A centralized data storage provides all necessary information on sales and clientele. This makes it easier for sales managers and customer support staff to communicate with clients and reduce delays in offering services to customers.

ERP also helps in faster access to customer histories. This, in turn, adds to other benefits such as accurately analyzing data on customer behavior patterns and more precise predictions of demand that must be satisfied accordingly and in proper time.

Built-in compliance: It’s important that your business maintains regulatory compliance. One of the most powerful advantages of ERP systems is that they help keep track of industry regulations and changes in compliance. This allows businesses to stay ahead and in compliance with guidelines, relevant laws, and specifications.

Scalability and flexibility: Another important benefit of ERP software is that it allows adjusting its scale according to current needs and situations. An ERP system easily adapts to the expansion or reduction of the company on every level. ERP systems can easily handle changes such as production increase, inventory extension, the addition of new functions, services, or users. In short, it helps in enterprise digital transformation.

Better availability of information: Advanced ERP systems enable the effective and centralized collection, processing, and storage of information on the product, sales, or customers. Thus, a single data system is used instead of multiple databases that require regular checks and synchronization to remove duplicate or obsolete information.

The increased quality of internal data of all kinds leads to further performance optimization on all levels of the enterprise. Particularly, supply chain and inventory management are the activities that benefit the most from ERP implementation.

Enhanced reports: ERP software leads to reduced paperwork and improved communication among departments. It helps in the quick and easy submission of all kinds of reports such as financial, customer behavior, technical maintenance, etc.

Features of ERP software

There are a few prominent features that make ERP software stand out from other types of software. These include:

Common database: ERP systems’ advantages stem from a common database that allows organizations to centralize different departments’ information. This data from a single source eliminates the need to merge separate databases manually. A common database enables a cross-functional and consistent view of the company.

Automation: Another feature of ERP software is the ability to automate repetitive tasks like invoice, payroll, and order processing. This reduces duplicative data entry and manual work, thereby saving time and reducing errors.

Automation allows your staff to focus on value-added work that takes advantage of their special knowledge and skills.

Consistent UI/UX: Everyone uses the same user interface (UI) and has the same user experience (UI) with an ERP across different roles and departments. Modules for HR, finance, and inventory management have the same look and feel. This increases the software’s adoption rate and makes it easier for staff to move between departments.

A consistent UX and UI increases efficiency because users can quickly find and understand information from all corners of the business.

Data analysis: With every area of your business working under a unified ERP software, data on day-to-day operations can be shared across multiple departments and entities. It also allows getting real-time feedback to make better decisions. Through data analysis, you can uncover areas that are performing exceptionally well and those failing to meet expectations. You can then analyze problems and take immediate action to resolve them.

Integration: ERP integration is where ERP software is connected with other applications or systems to share data across these systems to improve insights as well as productivity. ERP systems have the ability to communicate with every application in the same ecosystem or with other existing business software.

ERP integration is beneficial for companies that have a variety of departments that need to connect with each other to avoid data duplication or repetitive orders.

Financial management: Financial management modules help businesses to make better spending decisions, manage assets, and create accurate financial reports. Any financial information that is needed to monitor and maintain the business is accessible on a single tick in the finance module.

Customer relationship management (CRM): The CRM module provides an integrated toolset for managing customer data and tracking customer interactions.

CRM capabilities give an integrated view of your prospects and customers, allowing you to get the most out of sales, marketing, and customer service efforts. A CRM module within an ERP software can lead to more effective identification of new prospects, reduce the time involved with managing customer information, and assist with customer upselling. Learn how to successfully implement a CRM system.

Human Resources (HR): The Human Resource module automates tasks involving the people in your organization, such as recruitment and boosting employee productivity. HR features in ERP software allow managers to better allocate employee time and resources.

Human Resource module also encompasses payroll capabilities, which offer functionalities for all employee payment tasks such as payment processing and application of deductions.

Supply chain management: A supply chain management module within an ERP software helps manufacturers, logistic providers, retailers, and distributors manage the flow of goods and services as efficiently as possible.

SCM features can handle everything from beginning to end, including planning, controlling, and executing supply chain processes.

How does an ERP system work?

ERP systems work using a defined, standard data structure. The information available by one department is immediately available to authorized users across the organization. This uniform structure helps everybody to stay on the same page.

For instance, when the shipment takes place for the last item in stock, the information must be recorded by the inventory management and sent to relevant departments so that the inventory can be replenished. The sales team also needs to be informed so that it doesn’t make promises that it can’t deliver.

ERP systems can be a boon when a company has modules for each major business function. This ensures timely and accurate data entry.

What are the different types of ERP systems?

Modern ERP systems are deployed in a variety of ways – in a public or private cloud, on-premise, or in various hybrid scenarios. Here are some of the exceptional benefits of each to help you identify the best ERP deployment option for your business.

On-premise ERP: On-premise ERP allows you to control everything. This is the ERP solution you need to be in total control of your ERP system’s security. However, implementing this type of ERP would require you to have dedicated IT resources on your premises to handle application and server maintenance.

On-premise ERP comes with several advantages including:

Cloud-based ERP: Often referred to as Software as a Service (SaaS), cloud-based ERP is managed by a third-party provider. The flexible design allows your staff to surf and store any data via any gadget.

This ERP system comes with several advantages like you don’t need to make a substantial initial investment to get the system. You also don’t require any specialized skills to implement it.

Hybrid ERP: For companies that want benefits of both (on-premise and cloud-based ERP) to meet their business needs, there is the hybrid cloud ERP model. Under this model, you can use the expertise of ERP vendors without the need to allow them to access all your information. This is also referred to as two-tier ERP.

Open-source ERP: Open-source ERP is an inexpensive and sometimes free alternative that’s suitable for some organizations. Many open-source ERP providers offer businesses to download free software and charge a low annual fee only if the customer wants cloud access.

But using this ERP will mean that your business will get minimal support from the provider, and system improvements and configuration tend to fall on you.

Now that we have seen the different types of ERP systems, let’s see if your business is ready to implement an ERP system.

Is your organization ready for an ERP system?

Most businesses initially use a variety of simple, standalone tools such as Excel spreadsheets to manage different processes. Here are a few signs that suggest you’ve outgrown them and need a modern ERP system.

You have many unanswered business questions: If you don’t have answers to important questions related to your business such as revenue and number of product returns, then it’s time to implement an ERP system in your business. This will help give access to metrics and KPIs to keep track of important activities of your business.

You’re spending more time on managing daily activities: If it’s taking longer to manage basic activities like closing the books, then too many disparate applications may be to blame. With ERP systems, solutions and data can be integrated into one system with a common interface. This makes it easy for departments to communicate and do their jobs more efficiently.

You’re missing out on fast-moving opportunities: If you’re missing out on new opportunities, well, it’s a warning sign for your business. Modern ERP systems use advanced technologies like predictive analytics and machine learning that help identify and capitalize on new profitable ventures.

You have manual processes: If your staff is spending too much time on manual processes, there are chances of error and duplicate entries. This, in turn, hampers the growth of your organization. Therefore, automating tasks with the help of ERP systems can increase the efficiency and productivity of your organization.

Factors to consider for successful ERP implementation

If you are looking for organizational growth, the best way is to decide what you want your ERP system to do before even starting the installation. Consider the following key factors that will lead you to a successful ERP implementation.

Management support: Implementation of an ERP system is going to impact how your company operates by updating business processes and changing systems. Apart from IT, senior and mid-level managers should also be involved in the ERP project, from inception to completion. This gives the project the proper visibility across the organization and shows the staff the importance of the project.

Employee involvement: Your ERP implementation team should comprise the best employees across your organization. These people know the inside out of your business. They can also be entrusted with critical decision-making responsibilities and authority.

Project scope: Define your project scope from a position of knowledge, fully detailing what the project is going to include. Your project scope helps you understand the requirements of the project and the resources that need to be deployed.

Budget: Organizations must create a proper budget to include all costs for the implementation, such as software, hardware, and staff resources. Make sure to keep tight control over the costs and create a good estimate of your implementation costs. Also, think about what expenses you will need to account for post-installation.

Mobile-friendly ERP: Your ERP system should be accessible via mobile devices. This means the display needs to be mobile responsive and easy to navigate on the reduced screen size.

Proactive change management: The ERP project will result in changes in the system, process, and organization. So, it is important to take enough time to train people on new systems and processes. To make end-user training easier and successful, it should preferably start before the implementation begins. Top management must be fully committed to incorporating the training cost as part of the ERP budget.

Experienced development partner:

Choose an ERP development company that is experienced in implementing ERP systems and selling them. You must find a provider with experience in installing ERP systems for a business like yours. Ask about their experience with similar industries, company sizes, and the number and types of departments involved.

How we built an ERP solution for the world’s largest furniture retailer – IKEA

As a leading software development company, we have developed many scalable ERP solutions based on our users’ requirements. Our aim is to help businesses optimize their processes and enable easy scalability with our ERP solutions.

We recently developed an ERP solution for IKEA, one of the world’s largest furniture companies. The powerful ERP solution helps walk-in customers go through the store’s product catalogs right from the in-store tablet panel.

We aimed to create a two-fold solution with our Enterprise software development for IKEA that helps IKEA give customers an in-store catalog solution and use their personal information as a promotional tool.

The result? Our dedicated efforts led to the creation of a solution that is today getting expanded to the 7+ IKEA stores in the UAE. The retail outlet touts the solution as the biggest source of ROI measurement.

How to build an ERP system from scratch?

Building an ERP from scratch can prove beneficial for many companies. It can save a lot of money and improve productivity in the long run. So, let’s find out how to build an ERP system step-by-step.

Define the company’s goal and requirements: It’s important to define the goals and requirements of your company to get a useful and quality product. You can communicate with employees from different departments to understand their problems and figure out how to solve them using the ERP system. A quality ERP system should be able to manage data flows of different activities and automate routine processes.

Design is an important part of any project. When talking about the ERP system, UI and UX should be user-friendly. If it’s your first experience with enterprise resource planning software, explore the typical components of ERP systems other industry players are using.

If possible, prepare a blueprint describing how your ERP system would be designed. This will help aggregate all needed features and information for departments.

Consider tech stack: To build an effective resource planning software, you should pick the right technology for developers. The tech stack depends on the platform you choose. So, if you want to create an ERP platform for desktops, developers will use Swift or Objective-C (macOS) or C++ or C# (Windows).

For the web version, software engineers typically use JavaScript, Bootstrap, Angular, and Node.js.

In case you have doubts about picking the right technology stack, you can talk to a reputable software development company. The experts can help you choose the right tech stack for your ERP software.

Integrate ERP modules: When developing an ERP system, it’s common to use various third-party integrations. Services like G Suite and Office 365 can be integrated by developers into the ERP system. Software engineers make use of different APIs from third-party services to access the data and display it into the ERP software.

Choose the right partner: Choosing a trusted enterprise software development service is an important stage of building an ERP system. The right software development partner takes your vision into account, makes decisions, and implements required functions on your behalf. Additionally, a trusted partner increases your business value and helps you to scale your business.

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