ERP for Cloud

What is ERP?

In today's day and age, when technology is being applied everywhere, you might be wondering how you could benefit from those in your industry for keeping pace with new-age transformations.

Organisations today require more frequent business transformations and adaptation to new methods of working in order to sustain ongoing change and preserve market competitiveness. No industry can afford to face serious risks that could threaten its customer satisfaction, brand image and loyalty.

To make this move easier, they require just the right platform to connect everything within the organisation and prepare for the transformation.

Here comes the ERP software.

ERP is a type of business software used to manage regular corporate operations like accounting, purchasing, project management, compliance, and supply chain management. Enterprise performance management software, which supports planning, budgeting, and reporting of an organisation's financial results, is also vital component of a comprehensive ERP package. By unifying systems, teams can utilize their time more efficiently.

With the help of ERP systems, operational efficiency gradually increases. Data can be integrated between various business operations. ERP solutions avoid data duplication and ensure data integrity by combining common transactional data from various sources into a single source of truth.

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Why ERP?

There are some obvious indicators on need of ERP.
Communication keeps accumulating on mails and one is not able to respond in time. More time being spent on collecting data and responding to documents than talking to clients and focusing on business operations.

As business grows, organizations have to adapt by putting in place systems to manage increased volumes and sustain the level of accuracy and efficiency.

Enterprise resource planning systems are entire, integrated platforms that manage all parts of a manufacturing or distribution firm, either on-premises or in the cloud. Furthermore, ERP systems, in conjunction with your primary accounting function, support all aspects of financial administration, human resources, supply chain management, and production.

ERP systems provide transparency throughout the entire business process by keeping track of all aspects of manufacturing, logistics, and finances. These integrated systems, which act as the organisation's central hub for end-to-end processes and data, can be used by various departments.

ERP connects a plethora of company activities and allows data to move between them. ERP solutions avoid data duplication and provide data integrity through a single source of truth by gathering an organisation's shared transactional data from numerous sources.

ERP enables a wide range of functions in large, medium, and small enterprises, including industry-specific adaptations.

No industry can afford to face challenges in their business processes, lagging their work and ultimately losing the entire brand image.

Either on-site or in the cloud, enterprise resource planning systems are complete, integrated platforms that manage every aspect of a distribution- or production-based company. ERP systems support all areas of financial administration, human resources, supply chain management, and manufacturing in addition to your basic accounting role.

How do these solutions manage day-to-day business tasks in organisations such as accounting, finance, procurement, project management, supply chain, and manufacturing?

ERP works as a vehicle to integrate all the people, processes, and technologies across a modern enterprise. It's designed around a single

The central collection of data for wide distribution is a basic ERP principle. ERP systems provide order to chaos by allowing all users in the industry to create, store, and access the same data derived through similar processes. Everyone in the organisation can be confident that data is correct, up to date, and complete with a secure and centralised data repository. Without depending on error-prone spreadsheets, data integrity is ensured for every operation performed throughout the firm, from a quarterly financial statement to a single overdue receivables report.

How can ERP help you?

Let's look at famous scenarios where ERP has been proven helpful by leveraging the power of innovation.

Productivity

By streamlining and automating tedious tasks, productivity can be improved significantly. Complex and unavoidable tasks like managing operations, inventory, and order completion take hours. These can be managed with more accuracy and speed, thus improving overall service levels. This frees up staff to perform more value-added tasks.

Best Practices

Several best practices adopted by leading companies come as part of ERP project initiatives.ception scenarios, data security and backups. Businesses can quickly adopt and focus on these established industry best practices while retaining their work culture and organisational needs.

Analytics:

Through data management and analysis with state-of-art ERP software, businesses can optimize operations to achieve surpassed productivity. Comprehensive features embedded in Lighthouse ERP benefits administrators by comparing performance metrics, uncovering patterns and deviations in large datasets, collecting data with a single source of truth, generating data representations and performing visual analysis to communicate insights.

Industry-Specific ERP:

Every Industry has certain key processes which are critical to overall operations. Industry fit is mapping these critical processes with other global functionalities of the ERP system.

Steel Industry : Being the backbone of all industries, the Steel industry often faces many challenges regarding supply chain management, inventory, procurement, quality control, finance, and other important aspects that keep the industry going. The worst case would be when these tasks are not connected to each other. In order for the steel manufacturing industry to function properly and deliver services on time, all the tasks in the industry need to be connected and work together. This is exactly what ERP does!

Batch & Discrete Manufacturing : This industry suffers a lot from tedious processes such as sorting inventory, always being under pressure of producing high-demand goods, meeting the target supply, and managing the customer satisfaction index. Along with that, rising prices and the need for labour are putting the industry under pressure to provide high-quality goods while improving the ROI. In this case, the only ultimate solution that the industry needs is a platform tying together all the systems, departments, and operations together for ensuring a smooth workflow.

Trading Industry : The trading industry suffers from huge challenges including decentralised processes, decision-making, clustered software systems, and keeping the track of resources & supply. These hurdles take a huge toll on the timely delivery of the goods, hampering the entire workflow of the industry. Compliance remains one of the major issues when data privacy and data security come into question. To address all these problems, Enterprise Resource Planning software is the best solution. The software streamlines the processes and bridges all the isolated entities within the organisation for seamless communication.

ERP
                                    for Cloud

How to make the right choice of ERP?

Installing an ERP system is always difficult, and even little errors can cause serious operational disruptions, negatively harming business performance.

Not only will the decision concerning your ERP solution be one that you will not revisit for a long time, but it will also have an impact on how your organization performs in the near future. The ERP decisions you make now will institutionalize processes and organizational structures and have a direct impact on the business's efficiency.

Organizations with access to these new technologies can swiftly improve their business best practices as ERP software advances. They can automate operations that used to need extensive manual involvement, such as financial account reconciliation. Furthermore, users obtain a full, real-time insight into company business activities not just in the front office but also in warehouses, on manufacturing floors, and throughout the firm. This information is then made available to every appropriate employee via mobile devices such as smartphones and tablets.

For supporting the entire foundation of the industry while promoting a smooth integration of ERP software into existing business systems for integration, Lighthouse provides end-to-end support from Project Kick-off to Post Go Live support.

Lighthouse ERP helps the industry achieve better results by streamlining the entire business process. To improve workflow, our software streamlines the industry's complex operations and processes. Our software solutions provide a diverse range of industry solutions in a variety of industries. Our ERP program is built on powerful Oracle technology to achieve the intended outcomes and includes a hybrid offering of Java-based Web Portals and mobility apps. We offer both on-premise and cloud-based ERP solutions to various industries and verticals in order to increase productivity and efficiency.

For more than 35 years, Lighthouse Info Systems has been creating and installing ERP solutions. Over the years, our in-house Lighthouse ERP has been regularly enhanced and evolved, and it is currently evolving. In every industry where we have placed our Lighthouse ERP software, our software gives impeccable services and exceptional outcomes. Business intelligence, the Internet of Things, and automation increase software performance, hence benefiting industries. Our ERP software is highly customized and tailor-made to industry specifications in order to meet the needs of the business and achieve results.

Enter a world of newer possibilities with Lighthouse ERP!