ERP Development
Why ERP development and what this abbreviation means?
Enterprise resource planning (ERP) software market revenues worldwide from 2019 to 2024(in million U.S. dollars)
Enterprise Resource Planning is the integration of all enterprise processes into one through a single database. With this tool, you can monitor, control and manage all processes in your company using a single system. Moreover, ERP systems in an organization make your day-to-day operations and long-term planning more efficient.
Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. We at Rubicom provide a complete ERP suite that also includes enterprise performance management, software that helps plan, budget, predict, and report on an organization’s financial results.
ERP systems tie together a multitude of business processes and enable the flow of data between them. By collecting an organization’s shared transactional data from multiple sources, ERP systems eliminate data duplication and provide data integrity with a single source.
ERP systems typically include the following characteristics:
● An integrated system
● Operates in (or near) real-time
● A common database that supports all the applications
● A consistent look and feel across modules
● Installation of the system with elaborate application/data integration by the Information Technology (IT) department, provided the implementation is not done in small steps
● Deployment options include: on-premises, cloud-hosted, or SaaS
There are also different operational types of ERP software:
● On-premise ERP:
This ERP software is deployed directly on your in-site devices. These systems are designed for businesses of all sizes though may be more appropriate for small and medium companies.
● Open Source ERP:
Like any open-source software, this solution lets you inspect, modify, and enhance your ERP source code. Using an open-source ERP lets you customize your application to better suit your workplace.
● Cloud-based ERP:
Any ERP Software-as-a-Service (SaaS) is available over a Cloud-hosting service rather than on-premise deployment. This option lets you access real-time data as long as you have Internet access and is suitable for large organizations.
● Hybrid ERP:
Enterprise resource planning systems that blend on-premise and Cloud-based deployment.
You can think of an enterprise resource planning system as the glue that binds together the different computer systems for a large organization. Without an ERP application, each department would have its system optimized for its specific tasks. With ERP software, each department still has its system, but all of the systems can be accessed through one application with one interface.
ERP applications also allow the different departments to communicate and share information more easily with the rest of the company. It collects information about the activity and state of different divisions, making this information available to other parts, where it can be used productively.
ERP offerings have evolved over the years from traditional software models that make use of physical client servers to cloud-based software that offers remote, web-based access. It’s impossible to ignore the impact of ERP in today’s business world. As enterprise data and processes are corralled into ERP systems, businesses can align separate departments and improve workflows, resulting in significant bottom-line savings. Rubicom understands those benefits and makes use of the latest technology in order for your ERP solution to be best matched for your needs and goals. Examples of specific business benefits include:
● Improved business insight from real-time information generated by reports
● Lower operational costs through streamlined business processes and best practices
● Enhanced collaboration from users sharing data in contracts, requisitions, and purchase orders
● Improved efficiency through a common user experience across many business functions and well-defined business processes
● Consistent infrastructure from the back office to the front office, with all business activities having the same look and feel
● Higher user-adoption rates from a common user experience and design
● Reduced risk through improved data integrity and financial controls
● Lower management and operational costs through uniform and integrated systems
