Open Source ERP System: An Ideal Choice for SMEs
With new technology becoming more accessible to businesses, smaller enterprises are actively acquiring tools that were previously available only to large corporations. SMEs are working alongside big-league players, thereby creating a wider pool of competition and an added level of urgency for those lagging. Given this environment and at the rate at which businesses of all sizes are proliferating, managers have no choice but to adopt a technologically advanced solution for process efficiency.
How to Choose Open Source ERP
A structured, data-driven approach should be adopted to find the best possible open source ERP for a business It is mandatory that objectives are clearly defined and are in line with business processes and then align ERP evaluation criteria accordingly. This will help confirm that software modules and features cover business requirements as much as possible.
Some businesses may also choose to evaluate their open source ERP comparison based on the programming language that the system is built on—a business requirement unique to this type of ERP. Each language will have pros and cons, such as aspects like compatibility with existing apps and hardware, the complexity of the code, performance, and other functional capabilities of the language. Therefore, an open source ERP in Java will be much different to work with than one in say, a PHP language.
Partner with an experienced ERP consulting and services provider to choose the right open source ERP system. Gemini Consulting & Services can help you in selecting and implementing open source ERP software. Contact us to know how you can gain maximum value from open source ERP.
Low Cost of Ownership: SMEs have to be thrifty with their monies; one of the most attractive aspects of open source ERP software is the cost. Typically, there’s no need to pay a significant up-front license fee or a subscription to start using an open source application. The very point of why an open source ERP has been developed is to first provide excellent functionality for SMBs at a much lower cost than regular proprietary solutions.
Ease of Customization: Open source ERP license extends the ability to customize the code as agreed upon in the contract in the beginning. This is not true of proprietary systems as they can be very expensive and can be provided only by authorized service partners. Most open source ERP applications become a perfect fit through customization driven by a community of experts, thereby cutting down costs and efforts required to deploy a custom implementation.
High-Quality Coding: Many low-cost open source ERP solutions offer high-quality coding because they’re built on previous open source projects that have been reviewed by various independent developers. It makes it easy for skilled internal IT staff of the business to be resourceful and audit open source code for quality. With closed source ERP solutions, IT employees are not extended access to the source code. It is possible only to test whether software processes work correctly with business data.
More Freedom: With open source software systems, companies can be more self-reliant and less dependent on vendors or authorized service providers. As a result, SMEs can time and resources. Most open source ERP solutions allow for greater choice of partners and avoid potential issues with data becoming locked within a vendor’s ecosystem.
Proactive to Change: A developer with an open source license can immediately apply improvements and fixes to the software but with a proprietary ERP system, changes can be carried out only after vendor approval.
Capability for Innovation: The ability to draw knowledge and inspiration from a wide field of talented developers and end-users adds a tremendous amount of value to an open source ERP system. Tech behemoths like Google and Microsoft embrace open source projects due to the value that is added to their software products and technology. This creates the potential for unexpected innovation that wouldn’t be possible within a traditional software development environment.
Scalability: One of the biggest challenges in selecting an ERP solution looms around its ability to scale. Growing companies realize too late that upgrading their software or increasing the number of users mostly requires costly reimplementation. Open source ERP is easier to scale and can be upgraded more frequently without causing disruptions. However, it is important to remember that this can be successful only when system customizations are properly implemented.
ORION ERP is an integrated, cost-effective and cloud-enabled industry solution for growing and mid-sized enterprises, from 3i Infotech Limited, the information technology company.
The solution is built on future-ready technology stack to digitally empower organisations and help optimize business processes to make informed decisions through anytime access to dashboards and analytics, available on multiple deployment options, including both On Premise and Cloud.
ORION ERP process packs are flexible and scalable solutions that cater to various industries including manufacturing, trading & distribution, contracting, logistics, retail, banking, insurance, procurement, grant management, HRM, etc.3i Infotech is focusing on integrating the new-gen technologies to innovate process automations using robotics, machine learning and IoT.
They are also building ‘Taskbots’ using open RPA Technology platform which can bring significant value to its customers.
The company is working on IoT Interfaces along with AWS services to address the client’s needs in this space to connect various Manufacturing Sensor based data to bring in control in the manufacturing processes.Block chain initiatives using ‘Open Chain Technology’ is also being explored for the customers to have their digital distributed ledger management and digital asset management.“ORION ERP offers industry specific solutions that are designed for rapid implementation, and organizations can rely on a single partner from implementation to training, with low cost of ownership.
It compels and combines a dynamic workflow management, notifying engine for rapid enterprise search and offers anytime, anywhere access through web interface, mobile apps & mobile dashboards,” said Suryanarayan Kasichainula, EVP & Business Head (ERP), 3i Infotech.“The recent upgradation of ORION ERP is ORION 11j, driven by latest design innovations, making the solution functionally rich, with a pedigree that has rising demand across multiple verticals.
Construction business needs to be capable to prove themselves with a competitive and their problematic market environment for which the usage of material resources and their excellent flexibility in job management are of great significance.Intense National and Global competition, Increasing administrator needs and strong pressure to innovate induce contractors in order to get assistance for their advanced business solutions that can make simpler, complicated and completely unique building procedures.Here are the benefits of ERP software used in the construction industry.
Optimization of planningPoor preparation as part of a construction business leads to cut down completion of projects and perhaps to the downfall of the company.Entrepreneurs should be able to suffer heavy losses in terms of Labour expenses and loss of customers due to the early achievement of goals.
Delays in the implementation of projects due to insufficient planning are poorly reflected in the goodwill of their company.The planning of their necessary raw materials Efficient utilization of manpower, the architectural design as well as schedules is crucial to the good channelling of resources.Construction enterprise resource planning software is also used to supply Cost control and its budget allocation.
It is helpful in avoiding unnecessary downtime and their contractual difficulties with clients throughout the job.Read More: https://bit.ly/38JRf4q
As we entered a new decade, a technological upgrade is need of the hour.
A modern enterprise resource planning (ERP) solution is something manufacturing organizations should integrate for smooth operations.
As businesses are becoming more complex with every passing day, you need reliable technology to manage your business functions in a centralized system.
They need digital solutions to manage supply chains, production schedules, and inventory levels while maintaining the relationship between people and assets.
Manufacturers dominated the ERP solutions market in 2018, and the global ERP market is estimated to reach $ 78.40 billion by 2026.
Today’s modern ERP is an essential part of a company’s digital transformation.You can’t put your customer at the center of your business if you don’t succeed in producing the product your customer wants.
