EnterpriseResourcePlanning(ERP)softwarehelps
organizationsintegrateandorganizethenecessary dataforbackofficeandfrontofficeoperations.Its solutionsintegratecriticalprocessesoforganizationsinto oneintegratedsystem.AdequatelyimplementedERP solutionsincreaseorganizationalefficiency,revenues,and overallperformance.Inmostsuccinctwords,wecansay thatERPsoftwarehelpsorganizationsachievethebenefits ofdigitaltransformation.Itconsistsofmultiplesolutions thatutilizeacentralizeddatabasetoautomateandoptimize differentbusinessprocessesandlinktogethervarious departmentsinacentralizedlocation.Today,ERPsolutions areattheforefrontindeliveringefficientandproductive solutionstoorganizationsworldwide.
Intheultra-competentglobalenvironment,organizations needtohaveERPsoftwareservicestoenhancethe efficiencyandproductivityoftheorganizations.Itplaysa vitalroleinensuringeffectiveutilizationanddeploymentof alltheorganization'sresources.Moreandmorebusinesses canleverageERPsoftwarebenefitsintheageofdigital transformation,asitintegratesbusinessapplicationsfor automatingcompanies'back-officefunctions,including accounting,sales,andoperations.Basically,managing businesseseffectivelyandprofitablybecomespossiblewith ERPsoftware.Differentcompaniescanchoosethebest ERPsoftwareavailableinthemarketbestsuitedtomeet theirneeds.
MostpromisingERPsolutionprovidersautomateand streamlinetheoverallfunctionalitiesofthecompaniesand helpthemgainprofitabilitybyimprovingtheoverall performanceofthecompanies.SomeERPsoftwareisgood
atsupportingavarietyofworkflowslikeorder management,humanresourcesmanagement, financialmanagement,andproductionmanagement. ERPsoftwaresolutionsarescalable,andtheywork wellwithevolvingbusinessneedsandmeetthose needs.ERPsolutionproviderstimeandagain maximizethecapabilitiesoftheirsoftwaretoserve theevolvingneedsofthecompaniesmoreefficiently ERPsolutionsprovidershelpbusinessesavailedge overtheircompetitors.
Inthiseditionof The 10 Most Promising ERP Solutions Providers, 2021,InsightsSuccess celebratesthecompaniesthatprovidethemost promisingERPsolutionsforhelpingbusinessesgrow anddevelop.
FeaturingonthecoverisAptean,oneoftheleading companiesintheniche.Apteanworkswith manufacturersinindustriesincludingfabricated metals,consumerproducts,electronics,chemicals, beverages,automobiles,homefurnishings, equipment,foodmanufacturing,pharmaceuticals, andmore.
ComeacrossthetopERPsolutionprovidersthatare helpingbusinessesachievemaximumprofitability, productivity,andefficiency.Also,makesuretoflip throughthearticleswrittenbyourin-houseeditorial team.Gaininsightsintoupcomingchangesinthe fieldthroughtheCxOstandpointbyindustryexperts.
Let'shavealook!
sharad@insightssuccess.com Sharad Chitalkar
Aptean aptean.com
AIMComputerSolutions aimcom.com
TVNReddy CEO
Apteanisoneoftheworld’sleadingprovidersofpurpose-built, industry-specificsoftware.
GaryPuchalski SeniorConsultant
Fishbowl fishbowlinventory.com JohnKing CEO
IRISSoftwareGroupLtd iris.co.uk
MariAppsMarine Solution mariapps.com
ElonaMortimer-Zhika CEO
AIMComputerSolutionswasfoundedtooffertechnology solutionsspecificallyforautomotivemanufacturersandtheir suppliers.
Fishbowlprovidesthe#1requestedmanufacturingand warehousemanagementsolutionsforQuickBooks.
IRISisacompanybuiltonhiringthebestpeople.
SankarRagavan Founder&CEO
OdooIndia odoo.com
RuntimeSoftware PrivateLimited runtime.one
RechnerInfosystems Pvt.Ltd rechnerinfo.com
Shipedge shipedge.com
MantavyaGajjar Director
MariAppsisamoderncompanyofferingmaritimeapplications forthemarineindustry
Odooisanopen-sourcesuiteofintegratedbusiness applications.
PrashantGupta Director
VikasBahri CEO
Jose-IgnacioFlores Founder&CEO
Vault-ERP vault-erp.com
DušanTomić RegionalSalesDirector
Runtimeisacloud-basedpeoplemanagementplatform.
RechnerInfosystemsdevelopscomprehensiveERP,CRM,and Internetmarketingsolutionsforcompanies.
ShipedgeisaComprehensive,SimpleandFlexibleSuiteof solutionsforB2CandB2BeCommerceoperations.
Vault-ERPstreamlinesandharmonizesyourbusiness operationsandkeepsallyourcriticaldataandprocesses connectedinONEtool.
TVN Reddy CEO Aptean
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COVER STORY
ERPsolutionsareagreatawakeninginmost industriestoday.Industrieshavealwaysrecognized thevalueofefficientresourcemanagement. However,growingumbrellasolutionsfromERPproviders promisesomethingmore–real-timeresourceplanningwith enrichinginsights,tocapturethefuture.Akeychallengein theERPsolutionbusinessremainstherelativelackof expertiseinaclient’sbusiness.Aptean,anERPsolution providerheadquarteredinAlpharetta,Georgiapromisesto solvethiscorechallengewithexperience, andexpertise.
Sinceitsinception,TVNReddy,theCEOofAptean, believed, “purpose-built, industry-specific software is the ERP solution every business needs.” HehasledAptean’s developmentofERPsoftwarewithindustry-specific solutionsforbusinesses.Forexample,Apteantodayoffers productcostcalculationsolutionstailoredtomeetgrowing uncertaintiesinthefoodandbeveragesector.ItsFood& BeverageERPsolutionenablesfoodmanufacturersto estimatethepriceoffertilizers,regulatorycosts,machinery costs,depreciation,labor,andpropertycosts,aheadoftime. Furthermore,usingitsexpertiseofdealingwiththousands ofbusinessesintheFood&Beverageindustry,Aptean offerskeystrategiesforitsclientstotacklechallenges head-on.
Forexample,duringCovid-19,thecompanyhelpedits clientssetanoptimalpricefortheirproducts,amidsta tremendouslyvolatilepandemic,andtradewars.ItsFood ERPsolutiontookintoaccountvariousfactorsincluding pastsales,seasonaldemandtrends,andcompetitormodels toreachtheoptimumpricewithgreatconfidence.The pricingmodelwasasighofreliefforvariousbusinessesin theFood&Beveragesectorastradewar,andthepandemic pushedmanufacturersoutoftheirwitstocomeupwitha strategy.Aptean’sFood&BeverageERPsolutionactsasa cross-functionalinterfacetoimproveprofitability,even duringthepandemic.Itssignaturetoolalsoimproved quality,efficiency,andcomplianceforsmall,andlarge businessesalike.Mr.Reddyexpresses, “We built in functionalities to cover real and daunting business challenges, because we live and breathe with manufacturers every day. We know the tough decisions you must make every day.”
ApartfromtheFood&Beverageindustry,Apteanalso caterstotheprocessandindustrialmanufacturing industries.Mr.Reddyasserts, “Process and discrete manufacturing require specialized ERP solutions to meet their unique needs and to achieve maximum efficiency, while simultaneously producing quality goods to meet both consumer demand and compliance requirements.”
Hebelievesitscloud-basedandon-permiseERPsolutions areidealformanufacturingcompaniesforanumberof reasons.
Forexample,Aptean’sProcessManufacturingERP solutionincludesformulamanagementmodulesto calculate,andscaleingredientquantitiesforbatch manufacturingcontrol.ItsIndustrialManufacturingERP providesuser-friendlyfunctionalityforreal-timescheduling andplanning,accuratejobcostingandshopfloorexecution.
Today,Apteanworkswithmanufacturersinindustries including:fabricatedmetals,consumerproducts, electronics,chemicals,beverage,automobiles,home furnishings,equipment,foodmanufacturing, pharmaceuticals,andmore.Mr.Reddynotes, “Our software is industry-specific so we create particular functionality designed for each. Moreover, we bring the best in the industry on-board to offer our customers deep expertise. Our people work tirelessly to solve the biggest problems our customers are facing.”
Initsrelentlesspursuitofbeingthebestintheindustry, Apteanmanagementhaslearnedakeylesson.Thecompany valuestransparencyasacorepillarofbuildingaclientcentricandpositiveworkculture.Mr.Reddysays, “In order to serve the customer really well, we need to listen to them and to our people constantly.” Hence,theAptean managementconductsquarterlysurveysofbothcustomers andemployeestounderstandtheirperspectives,andalso gathersdatatomeasureemployeeengagement.
Our mission is to solve tomorrow’s unique challenges today with
With deep expertise, comprehensive knowledge of our customers’ industries and a relentless commitment to bringing their a-game, our team provides real-world value to our customers, day in, day out.
‘‘
Thesurveyprovidesapricelessfeedbacklooptodrive continualimprovementsinAptean’sculture.Apartfromits quarterlysurveys,thecompanyalsoholdsamonthly‘ask anything’sessionwithemployees.Themeetingisattended byallthemanagersatAptean,globally Thesesessionsaim toincreaseagilityandtransparencyattheorganization.At Aptean,acorepartofteambuildingistoencourage constantinnovationforitsclients.
Apteanworksinanarenawhereinnovation,keepingup withindustrytrends,andmaximizingefficiencyarecore competencies.Moreover,Aptean’sclientsrelyonthe companytotaketheirtechnologicalinnovationcapabilities tothenextlevel.Atransparentandpositivecultureisa strongmotivatorforemployeestoleaditsclientswiththe bestexpertiseintheindustry.Mr.Reddysays, “We know the one-size-fits-all enterprise software model doesn’t work for many businesses for a variety of reasons. Our aim is to learn, grow, and be the best in every industry vertical including Food & Beverage, Process Manufacturing, Industrial Manufacturing, Distribution, Retail, and more.”
Apteanoffersatailor-madesolutionforimportersand distributorsaswell.Thesolutionaimstoenduncertainty, duetoincreasedcompetitionandsqueezedmargins.Mr Reddynotes,“The import and distribution sector has
undergone major transformation during the pandemic. This includes supply chain disruption and ongoing changes to supply sourcing.” Theresultisincreasedcompetitionwith littleroomtohideinadynamiclandscape.TheAptean solutionforimportersanddistributorsdeliversarealway forcompaniestofulfillthegrowingaspirationsof consumersandsimultaneouslyempowertheiroperations withstreamlinedproductivity.Hesays, “Our product is designed to take import and distribution to the next level. To increase efficiency, to increase agility, and finally, to get ready for what’s coming next.”
Mr.Reddyalsoshareshisinsightsonanincreasingly competitivegloballandscape.Accordingtohim,technology canachievemanykeygoals,whicharestillleft unaddressedinthedistributionindustry.Forexample, technologycanbeusedtostandardizedprocesswitha centralizedsystemofinformationandreal-timedata.ERP softwarecanalsostreamlineretailercompliancewith integratedEDI.Thesolutioncanalsobringinincreased supplyefficiencywithbuilt-inwarehousemanagement tools.Aptean’ssignatureERPsolutionsfortheimporting anddistributionsectordeliverincreasedvisibilityin operations,improvedefficiencyandbetterinventory control.Mr.ReddyNotes, “Technology is the key solution to increased margins in import and distribution.”
Mr.Reddysharedsomeofhiskey insightsinregardstotechnology implementation.Henoted, “As a rule of thumb, investment in technology produces better ROI to investment in other areas. However, the right implementation is the key.” He believestechnologyisessentialtoan increasinglydigitalizedbusiness landscapeglobally Theintegrated commercesolutionsApteanoffers,like Pay,EDI,BI,andeCommerce,promise tobring-innewsaleseveryday
Furthermore,technology implementationcanhelpbusinesses achievekeyobjectiveslikeincreasesin salesandproductivitygains.Mr Reddybelievestherighttechnology, integratedthroughouttheoperation,is essential.Hedeclares, “The most important thing is to find the right technology that fits your specific needs. This is the challenge Aptean is trying to solve for its customers globally.”
Apartfromitscoreoperations,Aptean alsoinvestsinbuildingthelocal community Thecompanyhasinvested increatingopportunitiesforemployees toparticipateinlocalcommunity service.Ithasalsopartneredwith Children’sRestorationNetworkto raisefunds,anddonateessentialsfor variousschoolrequirements,and thanksgivingdrives.Apteanleadership continuesitslovefortechnologywitha donationofcomputerequipmentto organizationslikeAtlantaYouth,anda sponsorshipofWomeninTechnology’s WomenoftheYearinSTEAMAwards.
Apteanremainscommittedto developingsustainableandprosperous partnershipswithclients,employees, anditslocalcommunityalike.Only timewilltell,whatthefuturemayhold forAptean.However,itspromising forayintoindustry-specificERPhas earmarkedthecompanytobeatop playerintheever-growingERP solutionarena.
FoundeddecadespriortoIndustry4.0,AIM
ComputerSolutionsisanindustryleaderinthe repetitivemanufacturingmarketplace.Itwas establishedtooffertechnologysolutions,specificallyfor automotivemanufacturersandtheirsuppliers.
Thecompanyhasalegacyofunderstandingtheunique businessoperationsofeachofthetradingpartnersinthe supplychain.Overthirtyyearslater,AIMisstilloneofthe topsoftwareprovidersdesignedtohelpmanagethe operationsofthecomplexautomotivesupplychainthrough businesssoftwaretechnology.Withastrongheritagein understandingEDIrequirements,inparticular,AIMisthe leaderintoolstomanageautomotiveordermanagement, releaseaccountingandshippingcontrolsystems.
WeatInsightsSuccesscaughtupwithGaryPuchalski,the SeniorConsultantatAIMtoknowmoreaboutthe companyandhowitisoptimizingERPforautomotive suppliers.
AIMComputerSolutionsiscommittedtoprovidinghighquality,cost-effectivesoftwaresolutionstodiscrete manufacturersthatassistinmaximizingtheirproductivity andprofitability.Itendeavorstodevelopalong-term relationshipwitheachcustomerinordertoforma “partnership for success”.Thispartnershipisbasedonthe beliefthatthecompanywillsucceedonlybyhelpingits customersbesuccessful.
Thisuniquepartnershipisachievedthroughteamworkand byprovidingaforumtorespondtoitscustomersandtheir industries’changingneeds.AIMComputerSolutionshosts UserGroupmeetingsseveraltimesayear,wherecustomers haveanopportunitytoimpactthefuturedirectionofits
ERPsoftwareproductdevelopmentenhancements.The strengthinAIMcomesfromthestrengthofitsemployees, anditrecognizeseachemployeehasuniquecontributionsto thesuccessofthepartnershipwithitscustomers.
AIM’scustomersseekitsoutstandingmodulesthathelp themmanagetheirsupplychains,suchasEDI,orderand demandmanagement,OEM,Tier-1throughTier-Nspecific barcodelabeling,aswellasthoseapplicationsthathelp themtransformtheirmanufacturingprocessesandimprove theirabilitytogainbusinessanalyticsandintelligence.
AIMisapreferredchoiceamongitsclientelebecauseitisa single-sourcesupplierofEDIandERPsolutions,andit caresaboutthesuccessofitscustomers.EDIintegration intoERPiswherethecompanyexcels.Itbuildsthetrading partner’sbusinesslogicintoitsEDIandERPsoftware solution.IthasnevermissedanAutomotiveEDImandate foranyoneofitsover400tradingpartners.Inaddition,the accuracy,completeness,andconsistencyofdatacollected andmanagedviaitssolutionprovideitscustomersthe opportunitytogainoperationalintelligencethatdrives businessdecisionsandresults.
Garymentionsthatoneofthebiggestimpactsofthecurrent pandemicontheERPsectorandrelatedmarketshasbeen supplychaindisruptionandemployeeavailability The pandemicdirectlyimpactedsemiconductorchipproduction, whichresultedinasupplychaindisruption.Additionally,as wecontinuetoemergefromthepandemic,worker availabilitycontinuestobeachallenge.
BothoftheseimpactsovershadowtheERPsector,and thereforethereisaneedtocontinuetodeveloptechnologies thatcanhelppositivelycontributetothebusinesses’ success.
AIMoffersMobileAppsolutionsfortheplantfloor,which integratewithmachinesensorsforreportingpart,good counts.IoThasallowedfordatacapturetohappenvia technologyratherthanresourcesandmanualtallysheets thatgetupdatedintoinventory24hourslater.Inventory needstobedynamicandupdatedinrealtimeinorderfor businessestosurviveinthisnewageofmanufacturing. Solutionsthatmakeuseofintegrationandeliminatemanual dataentryaregoingtogainmarketshare.
AIMwasabletoutilizetheCOVID-19pandemic,towork onanewweb-basedERPsoftwareproductandshrinkthe timetomarketduetousersworkingfromhomeand spendingmorefocusedtimeondevelopingnew technologies.
AIM’scommitmenttoassistingourclientsinwhateverthey needtofurthertheirbusinesswithitscustomersisthe drivingforceoftheorganization.Itisatrustedsolution providercommittedtocustomerserviceexcellence. It believesinthevalueofteamworkandworks collaborativelytoprovidethebestsoftwareandservicefor ourclients.ItsclientsoftenconsidertheAIMsoftware
supportstafftobeavitalextensionoftheirITTeam, replyingonthemtohelpfacilitatetradingpartnersetupand testingprocesses.
Whenitcomestocommunitywork,AIMalwaysstandstall. Itiscommittedtomanufacturersandthefutureof
“Since
manufacturing.Foryears,ithassupportedMFGDAY, servingasahostsiteforlocalschooldistrictsthatworkto educateandexposestudentstoopportunitieswithinthe manufacturingindustry
Traditionaleducationprogramsdonotaffordstudents enoughexposuretoallthefuturecareers,andthisisone wayitcanhelpstudentslearnaboutthedifferentaspectsof themanufacturingindustry.
Talkingaboutthefuture,GarystatesthatasAIMComputer Solutionsconsidersthechangesinthewayemployeeshave workedremotelyduringthepandemic,itonlyemphasizes theincreasedneedforadditionaltechnologiestobeusedfor bettercollaboration.Inthenextfiveyears,heseesthese beingincorporatednotonlyinitscorporateculturebutalso intoitsERPpackage.
“The software has provided us with a great solution for repetitive manufacturing and is very strong in providing a solid solution for EDI, Inventory Control, Production Posting, Purchasing, Shipping and Receiving. On the accounting side the software talks seamlessly with Microsoft Dynamics GP. Overall, we have been happy with the Support from AIM and the overall software.” —— AccurateGauge&Mfg.,Inc.,ManufacturingEngineer
“I like the systems’versatility because you can use it just to translate the EDI protocols or to ship all your finished goods and labeling system using Kanban systems; it will ensure the correct performance of your shipping process.” ——ManufacturasEstampadas.S.A.deC.V.(Manesa)
“AIM has helped us because EDI, ASN and Bar Codes are seamlessly integrated into the software, so we never have to have a special person handling it.” —— GrantIndustries, Inc.
Supposeyouhavetobuildyourcompanyandmakeit
onthetop.Inthatcase,youneedtohaveERPto managetheday-to-daybusinessactivitiessuchas accounting,procurement,projectmanagement,risk management,compliance,andsupplychainoperations. EnterpriseResourcePlanningoffershigh-qualityandcosteffectivesolutionstoincreasetheorganization's productivity.Ithelpscompaniesgatherandorganize businessdatathroughanintegratedsoftwaresuite.
ERPsolutionsallowuserstoautomatetime-consuming dailytasksinthechangingneedsofbusinessscenarios. Organizationscanfocusmoretimeonotheressentialtasks andbemoreproductive.Now,asweknowofERP,let’sdig deepertofindoutwhataretheopportunities,andhowwill ERPimpactthebusinessinthefuture?
TheleadingcompaniesalreadyimplementERPasitassists themincustomermanagement,humanresources,business intelligence,financialmanagement,andsupplychain capabilitiesintoonesystem.Withmanyfeaturesit provides,itimprovesthebusiness'sabilitytocreatemore accurateandefficientoperations,transformingtheindustry Beingasingle-sourcesystem,88%oforganizations considerERPimplementationtosucceed.Itisalways accurateinmanagingthebusinessinsightsforyou.Itis transparentinitsworkanddemandsempowermentand flexibilityinthedecision-makingprocess.UsingERP moduleswillgiveabettersenseofclarityasthedataexists inonecentralizedplace.ERPisnowusedwidelyin differentsectors,includingmedical,tourism,hospitality, production,manufacturing,logistics,transportation, banking,retail,airline,andshippingserviceswithitswide use.
Whenthepandemicdisruptedthesupplychainmarketsand workforce,theERPsectoremergedinthischallenge.It continueditsactivitiesthroughtechnologicaltoolsand machines.Whilealleyesareondigitalization–robotics andIIoTsensorsarereadyforanychallenge.Thenew technologieslikeCloudERP,Two-TierERP,MobileERP, AI-PoweredInsightsandImprovements,ERPcanbeused inmultipledepartmentsacrosstheindustry.ERPhas attractedmuchattentionandlooksfuture-readyforallthe challengeswithapositiveapproach.
SelectingthesuitableERPwillsignificantlyreduce implementationerrors,avoidunrealisticexpectations, ensuringthatyoustaywithinyourbudget.However, implementationisthekeyhere;theprocessofexamining currentbusinesspracticeswithstrategicplanningis essential.So,youneedtounderstandeachthatservesyour organizationthoroughly—thethreefundamental approaches:Bigbang,Phased,andParallel.
ERPsoftwareisdeployedfortheentireorganization,which meansonthego-livedate,itwillbedeployedacross business–manufacturing,operations,sales,finance, marketing,etc.Thisapproachrequiresmuchplanningsince thesoftwarewasimplementedearlier
Implementationsareplannedsequentiallyforoneormore businessprocesses.Ittakesmoretimetoimplementthan thebigbangapproach,providingahighdegreeofsafety.It
putslesspressureontheimplementationteam,asthereare veryfewthingstoworryaboutduringeachphase.
AnewERPsystemisimplementedinaparallelapproach whilerunninglegacysystemsinparallel.Thisminimizes implementationrisks,asyoucandefaulttothelegacy systems.TheERPwillhelpidentifythecorrect implementationforyourbusinessbyfactoringinyour requirementsandkeypreferences.
Withthefuture-readytools,ERPoffersmanyopportunities tothebusinessworld.Itisaneffectivestrategyfor entrepreneurstogainoperationalexcellenceand competitiveadvantage.ERPimplementationshouldbe consideredanorganization-wideprojectthatbenefits everyonetobesuccessful.Lookingatthefuture,ERPwill onlygetbiggerandbettertobeusedineveryaspectofthe business.
Therepetitivetasksareperhapsboringforalmost
everyone.Employeesstrugglewithrepetitivetasks, overloadedmailboxes,andadministrativejobsthat couldhavebeenautomated.Accessinginformationand addingdatathroughpainfulprocessescanbearealwasteof time.Automatingbusinessprocessescaneliminatethe redundantandrepetitiveworkofemployees.Itcan streamlinetheworkflowmoreeffectively,andthebusiness operationscanbemoreeffectiveandefficient.Odoo’s familyofappsworkseamlesslytogether-givingcompanies theabilitytoautomateandtrackeverythingtheydoand streamlinethebusinessprocesseseffectivelyandefficiently
WeatInsightsSuccesscaughtupwithMantavyaGajjar, theDirectorof OdooIndia,toknowmoreaboutthe company.Buildingforthelongterm,focusingonusers, executingfaster,beingdisruptive,keepingthingssimple, andinvestinginpeoplearetheprinciplesthatdrivethe decisionsofOdoo.
FabienPinckaersfoundedOdooin2005underthenameof TinyERP Asthedemandandbusinessgrew,thecompany laterchangeditsnametoOpenERPandthentoOdoo.Odoo iscurrentlyusedbyfivemillionusersworldwide,over 3800+implementationpartnersacross200+countries,and hasthousandsofmembersinitsonlinecommunity The company'sheadquarterisabeautifulfarmlocatedinGrand Rosière,Belgium.ApartfromBelgium,Odooalsohas officesintheUSA,Luxemburg,Dubai,India,Hongkong, andMexico.
Odoo’smissionistoprovidearangeofeasy-to-use businessapplicationsthatformacompletesuiteoftoolsto accompanyanybusinessneed.Odoogivesmillionsof companieseasyaccesstothesoftwaretheyneedtorunand expandtheirbusiness.HereatOdoo,ithasdeveloped30 mainapplicationsthatareregularlyupgraded.Besides,its communityofmorethan1500activemembershas contributedtoanother16000+appstocoverawidevariety ofbusinessneeds.
ThekeyreasonforOdoo’sstrongfootholdintheERP marketisitsadvancedfeatures,streamlinedintegration,and cost-effectiveness.WithOdoo,businessescancontroltheir entirebusinessfromasingledashboardregardlessoftheir industry
Odoooffersastrongsuitofbusinessapplicationscovering allthebusinessneedssuchasaccounting,inventory, manufacturing,projectmanagement,HR,CRM,marketing,
website,andmuchmore.Eachbusinesshasitsownneeds, andOdooconstantlyupgradesitselfwiththeirunique requirements.
Mantavyamentionsthatit’sreallyhardtopicktop-notch modulesasOdootriedtoaccommodatebusinessneedsin allitsapplications.However,Sales,CRM,Inventory, Manufacturing,Odoostudioappsareembracedbyalmost allbusinesses.
Odooregularlypublishescustomersuccessstoriesonits platform,anditlistsalltheappsthatthosebusinessesare using.Odoosuggestsgivingitareadtobetterunderstand howitissolvingbusinessproblemswhileincreasingtheir productivityandrevenue.
ProvidingCost-effective,SmoothandUser-friendly Platform
Odoowantedtobuildaplatformwherebusinessesdon’t needtojugglethroughmultipletoolsandplatforms.All theseapplicationsareintegrated,whichmeansthatanydata addedinoneappissynchronizedwiththeotherappsthat couldneedthatdata.Forexample,whenyousellaproduct toacustomer,youenterthecustomerdetailsintheCRM app.Then,fromtheSalesapp,youcreatetheinvoice.Once it’sdone,theaccountantwhousestheAccountingappsees theinvoicedirectly,andyourcolleaguesworkinginthe warehouseseefromtheInventoryappthattheyneedto packtheproductsold.Streamlinedintegrationmeansthe eliminationoflotsofredundantandrepetitivework.
ERPsystemslikeSAP,NetSuitearecostly,andMSEscan't affordsuchsoftwares.Meanwhile,thissoftwaresrequire extraeffortformaintenance.Ontheotherhand,Odooisa cost-effective,smooth,anduser-friendlyplatformthat ensureseffectiveandefficientbusinessoperations.From
Odoo apps are perfectly integrated with each other, allowing you to fully automate your business processes and reap the savings and benefits.
one-personstart-upsorSMEsto1000employeecompanies, anyonecanuseOddo.Businessescanaddappsaccordingto theirgrowth,addingoneappatatimeastheirneedsevolve andthecustomerbasegrows.
Additionally,ashortimplementationtimegivesanupper handtoOdoowhenbusinessesswitchfromanother platformtoOdoo.Inanutshell,Odoo’suser-centric approach,user-friendlinesstogetherwiththecompletesuite ofappsatanaffordablepricemakesOdooapreferred choice.
OdooworksontheOpen-Sourcebusinessmodel.The companybuiltacommunityfromgreatopen-source products,andthismodelallowedittostabilizeandstart growing.Bybeingfullyopensourceatthebeginning,it washardforOdootomakeitwork.Butatonepoint,it startedgettingresultsasithasalargecommunity.
Odoohastwoproducts,buttheyarebasedonthesame core,whichistheopen-sourceversion.Odooenterprise revenuehelpsitinvestmoreintheOdoocommunity,and Open-sourceusershelpitdevelopthebrand.The combinationofboththesethingsbringsinnovation, revenue,andalotofusers.ThisallowedOdootocreate somethinguniqueinthemarketwhereitcansellsoftwareat 8timeslesserthantraditionalmanagementsoftware.
Today,Odoohas1700employees,aforecastedbillingof €160Min2021,agrowthrateof70%ofthebilling,andit isprofitable.With3850partners,and90Kcommunity memberslivingfromthesoftware,Odooisastrong ecosystem.Italsohasthebiggestbusinessappstoreinthe world,with30kapps.
Inthefuture,Odoowillcontinuesolvingcomplexbusiness problems.Lookingatitsgrowth,Mantavyabelievesthatit willbeoneofthemajoractorsonthemarket.
Prashant Gupta Director Runtime Software
Tomanagetheentireworkforceofthecompanyisan ultimatetask;however,withthehelpofnew technologyandautomation,ithasbecomemore accessible.Severalplatformsprovidespecificservicesfrom thevastarrayofbusinessesbutlacktheexactpinpoint organizationsseekout.Tofillthisvoidleftbyother platforms,RuntimeSoftwaredevelopedaworkforce managementplatformthatencompasseseveryaspectofthe business.
AstheDirectorofRuntimeSoftware,PrashantGupta utilizeshisextensiveexpertisetobuildtheperfect employeeengagementplatformforbusinessesworldwide, withover17yearsofexperience.
WeatInsightsSuccesscaughtwithPrashantinour endeavortofind"The10MostPromisingERPSolution Providers,2021."Wetalkedtohimtounderstandhow RuntimeSoftwareisenablingorganizationstostreamline themanagementoftheworkforce.
GiveusabriefoverviewofRuntimeSoftwarePrivate Limited,itsmission,andthekeyaspectsofitsstrong footholdintheERPindustry.
In2016,RuntimeSoftwarewasestablishedasasoftware andwebsitedevelopmentfirm.WedevelopedalotofCRM /ERP/HRMsolutionsfordifferentindustries.Butthese werecustomizedsolutionsthataddressedtheneedsofa singleclient.Wesoonrealizedthatthereisagoodpotential forastandalonesolutionasmoreandmorebusinessesare becomingdigital.In2019,westartedworkingonourown SaaSsolution,whichsolvedtheHRandPayrollautomation needsofsmallandmodernbusinesses.Ourlearningsfrom variousclientprojectsgaveusvaluableinsightsthathelped intheproductarchitectureandmadeituser-friendly Weare committedtoraisingthebarandbecomingthebestHRMS solutionproviderinthemarket.
Describeyourtop-notchmodules thataddresstheneedofyour customers.
OurHRMSandPayrollmodulesgo hand-in-handtomanagetheentire workforcefromonboardingtoexit.We takecareofemployeeonboarding, informationmanagement,attendance, leaves,payroll,statutorycompliance, andevenoffersalarypaymentoptions withintegrationswithpaymentservice providers.
Whatmakesyourcompanya preferredchoiceamongyour clienteleoverothercompetitors?
Whatputsusapartfromthe competitionisourabilitytoiterate quickly Wetakeourcustomers' feedbackandissuesveryseriouslyand rolloutimprovementsandnew featuresassoonaspossible.Insome cases,ourcustomersweresodelighted thatwhentheirfeedbackgot implementedinlessthanaweek's time,theyliterallysentusanemail withanoteofthanks.
Fromabusinessleadership perspective,whatisyouropinionon theimpactofthecurrentpandemic ontheERPsectorandtherelated market?
TheCOVID-19pandemichas acceleratedthegrowthofdigitization inalmostallindustries.Technology adoptionhashappenedatleastten yearsaheadoftimeduetothe challengesposedbythispandemic. Businessesandleadershaverealized thepotentialofusingdigitaltoolsto keepthebusinessrunningevenin worstscenarioslikethis.
Describethevaluesthatdriveyour organization.
Integrity:Whetherit'swork engagementorrelationshipsbetween ourco-workers,weputintegrityatthe top.Webelievethatwithoutintegrity, wecan'tcallourselvessuccessful,no matterwhatthenumbersindicate.
CustomerCentricity:Thecornerstone ofoursuccessdependsonhowwellwe understandourcustomer'sneeds. Everyday,weshouldtryourbestto
putourselvesinourcustomer'sshoesandseetheir perspective.
PassionforPerforming:Eachday,whenweshowupto work,weshouldfeellikewearedoingtherightthing.If ourheartdoesnotfallinlovewithourwork,it'stimeto changesomething.
Inyouropinion,whatcouldbethefutureoftheERP marketposttheCOVID-19pandemic?Andhowareyou strategizingRuntimeSoftwareoperationsforthat future?
AsIsaidearlier,COVID-19hasacceleratedtechnology adoptionbyatleasttenyearsinmostindustries.ThepostCOVIDworldisentirelydifferentandevolvingina completelynewdirection.Whatusedtobebusinessas usualisnownolongeracceptabletopeopleandbusinesses. Ibelievethatwithinthenext5-7years,evolving technologieslikeAIandMLwilltakeoverbusiness operationsbigtime.Forthosewhodonotwishtobeleft behind,itistherighttimetogetintomainstream technology.We,atRuntime,arealreadyworkingtoaddress post-COVIDworldproblems.Ourmobilesolutionsinclude contactlessattendanceandremotepunchfeaturesforworkfrom-homeemployees.WehavealsointegratedGPT-3NLP inourknowledgebasetoansweruserquestions.Wewant ourclientstoconsiderusastheirtechnologypartner,as againstjustasoftwareprovider
Inwhatwayshaveyouoryourcompanycontributedto thecommunity?
Wearecurrentlybuildingadiscussionportalwhereusersof oursoftware(i.e.,peopleintheHRdomain)caninteract witheachother Theycanaskquestionstolike-minded people,seekassistancewithtechnicalorlegalstuffrelated toHR,andsoon.Thisservicewillbeavailablewithoutany chargetoallourcustomersandwillbringunprecedented valuetoourclientcommunity. Whatareyourfutureaspirations?Wheredoyousee yourcompanyinthenextfiveyears?
Weareconstantlyaddingnewfeaturessothatour customersgeteverythingdoneonasingleplatform.Our pipelineoffeaturesconsistsofaddinganR&Rportalwhere managerscanrecognizeemployeeperformanceby awardingpoints,whichcanthenbeusedbyemployeesto redeemforgoodies.Wearealsoworkingonintegrations withthird-partyservicestoenhancetheoverallapp ecosystem.WeseeourselvesasthetopHRMSsolution providerinupcomingyears,whereRuntimebecomesagoto-namewhenitcomestoHR&Payrollservices.
Provideafewcustomer/clienttestimonialsthatrightly exhibityourcompany'sexpertiseinthemarket.
"We have been using Runtime for almost a year now and are very satisfied with it. Runtime has constantly been updating new features that turn out to be very beneficial for our company. Price is also very affordable." –Mr.Eric "Runtime is a robust system that meets all-out HR management requirements. It has also got a good payroll system. The back-end team understands our requirements and help us in case if we need any assistance." –Mr. SomnathNayak
Foralongtime,EnterpriseResourcePlanning(ERP) systemshavebeenimprovingthefunctionalitiesof businesses.TherootsofERPsystemsareinthe manufacturingindustry.Itshistorydatesbacktoabout60 years.ThehistoryofERPstartswithinventorymanagementandcontrol.Inthe1960s,manufacturingindustries realizedthattheyneededasystemformanaging,monitoring,andcontrollingtheirinventorytomaintainappropriate stockinawarehouse.Indifferentstages,ERPwasknown bydifferentnames.Afterinventorymanagementand control,thestageofERPwasMaterialRequirement Planning(MRP)inthe1970s.MRPsrolewasinscheduling productionprocessesbygeneratingtimelinesforoperations andpurchasingrawmaterials.Inthe1980s,ERPwas knownbythenameofManufacturingResourcePlanning (MRPII).MRPIIwassignificantincoordinatingmanufacturingprocesses.
ThetermERPwasfirstusedinthe1990sbyTheGartner Groupwhenmanufacturersrealizedthattheyrequireda betterwaytomanage,track,andcontroltheirinventory TrueERPsystemscameintouseinthe1990s.TheseERP systemsexpandedbeyondnormalinventorycontroland processesrelatedtomanufacturingtoincludeother functionalitiessuchassales,accounting,andfinance.These systemsintegratedmultipleprocessesandmany functionalitiesintoonesystem.ERPusesamulti-module softwaresystemforimprovingtheperformanceofall aspectsofbusinessprocesses.Itintegratesallbusiness activitiesacrossalldepartments.
InteractionofERPwithotherapplicationsbecamepossible inERPIIinthe2000s,likeintegratingERPwithCRM systems.Cloud-basedERPsystemsstartedinthe2010sin whichbrowser,iOS,andAndroidapplicationswere developedtodeliverERPsystemsintheSoftwareasa Service(SaaS)model.Cloud-basedERPsystemsare helpingbusinessesofallscalesasthecostisrelativelyless. Morevendorsusecloud-basedERPsystemsfordelivering theirservices.Lateron,open-sourceERPsystemswerealso evolvedtomeettheneedsofsmallandmedium-scale businesses.ERPsystemsarenotjustforlarge-scale enterprises,butbusinesseswithlessbudgetarealsoableto affordtheseevolvedERPsystems.
ERPsystemsareimportantforintegratingcriticalbusiness functionsacrosscompanies.Itconnectsallaspectsof businesses.TheflexibilityfeatureofERPsystemsmakes suchsystemspowerfulbusinesstools.DifferentERP systemsincreasethroughputandhelpinthegrowthof businessesbymeetingtheuniqueneedsofdifferent
businesses.Thisisrevealedinthewidespreadadoptionof ERPsystemstoensurebusinesses'successfulfunctioning. ERPsystemsprovideawidevarietyofapplicationsand functionsfortheirusers.Thesesystemshelpincoordinating large-scalebusinessprocesses.ERPsystemsstreamline businessprocessesandshareaccurateinformation.The shareddatabasesupportsmultiplefunctions.Thisinformationhelpsworkersindoingtheirjobsefficiently. Additionally,ERPsystemsalsohelpinavoidingthe repetitiveinsertionofthesameinformationandallowa morefreeflowofinformationbetweendifferent stakeholdersinvolved.
Moreover,ERPsystemsfacilitatebetterplanning,management,andutilizationofresourcesofenterprises.WithERP systemsatstake,itispossibletobettermanagebusinesses asawhole,collaborateeasilybetweendifferentdepartments orworkersorstakeholders,andmeetcustomers'needs earlier WiththeriseofERPsystems,businessesofall varietiessignificantlybenefitfromimplementingERP solutionscorrectly
Today’sERPsarecompletelyintegratedsystemsthat connectalldepartmentsandallaspectsofbusinessesinone place.ModernERPsprovidebusinesseswithareal-time andpowerfulbusinesstoolthatrunsashareddatabaseand canbeaccessedbyeveryoneinvolved.TheERPsystemsof todayareveryflexible,andsolutionprovidersoffera varietyoffeatures,functionalities,andtoolsformeetingthe uniquerequirementsofdifferentindustries.ModernERP systemsincludenotjustmanufacturing,financialand accountingcapabilities,andsupplychainmanagementbut alsoincludeadvancedreportingandbusinessintelligence, projectmanagementfunctionalities,andCRMmanagement capabilities.
EvolvedERPsystemsgiveconnectivity,integrateall aspectsofbusinesses,andpoweralltypesofbusinesses forward.Thesesystemsgivesafeandsecureinformation andprovideaccuratebusinessforecasts.Theytransform manufacturingbusinesses, automatebusinessprocesses, increaseoveralloperationalefficiencies,savetime,and minimizeoveralloperationalcosts.Today,ERPsystemsare completelyrevolutionizingthemanufacturingindustryand helpingentrepreneursrealizetheirgoalsbyhelpingtheir businessesgrow ThecontinuouslyevolvingERPsystems willcontinuetoenhancethecapabilitiesandfunctionalities ofthebusinessesinthemanufacturingindustry.
Dušan Tomić
Whenabusinessgrows,itsworkloadalsogrows exponentially.Managingdifferentdepartments andprojectswithspreadsheetsandemails doesn’tmakesenseanymore.
AsagrowingITcompany,wealsohadtodealwiththe samedilemmaatRareCrew Wewitnessedchaosinthe functioningofvariousdepartments.Aftergettingfrustrated withspreadsheets,emails,andhavingtousemultipleapps, wecreatedatoolthatbringsordertobusinessprocessesand helpsachievehigherlevelsofproductivityandefficiency.
InsightsSuccesscaughtupwithDušanTomić,the RegionalSalesDirectorofVault-ERP,tofindoutmore aboutthecompanyandhowitsresourcemanagementtool, Vault-ERP,ishelpingbusinesses.
ManagingBusinessesSmoothly,Effectivelyand Accurately Vault-ERPisapowerfulresourcemanagementtoolthat’s specificallytailoredtomeetbusinessneeds.Itguaranteesto helpbusinessesrunmoresmoothlyandachieveahigher levelofproductivityandefficiencywithlowercosts.This toolstoresessentialcompanydatainonesystem,whichis supereasyforemployeestouseandworkwith.
Inanutshell,Vault-ERPallowsbusinessestomanage effectively,reportaccurately,andgetthingsdone.
ProvidingAHighlyEfficientOperationalInformation Database
Moreover,Vault-ERPprovidesahighlyefficientoperational informationdatabaseregardingemployees,contracts, projects,assets,clients,opportunities,vendors,anoverview ofcosts,businesstrips,andday-to-daybusinessoperations, alongwithaspectrumofusefulandinnovativefeaturesfor
managers.It’sanall-in-onetoolthathelpsyourunyour businessdaily
Anditdoesn’tstopthere;it’sstillintheprocessofcoming upwithnewmodulesbasedontheneedsofitsclients.
Manycompaniesoftenfindthattheyhavetoadjusttheir workflowandtweaktheiroperationstosuittheirERP solution.Withacustom-madeERPsystemlikeVault-ERP, businessesgaincompletecontrol,competitiveadvantage, flexibility,andscalabilitytosuittheirneeds.
Besidescustomization,Vault-ERPisalsostrongwithits modularity.It’sdesignedsothatmodulescanwork independentlyorasoneunit.Youdon’thavetopayforthe modulesyoudon’tneed.
Amulti-companysetupinVault-ERPallowsyouto efficientlymanageseveralcompaniesindifferentmarkets orcountriesunderoneorganizationwhilstpreservingyour uniqueness.WithVault-ERP,youcankeepallcompany dataseparatedandcaneasilynavigatebetweenthem. AnothergreatfeatureisVault-ERP’sfullycustomizable dashboardwhichshowsallthekeyperformanceindicators thatarespecifictodifferentdepartmentsandgoals.KPIs alloworganizationstomakecorrectdecisionsthatthey’ll benefitfromandallowthemtotracktheirprogress.
DušanmentionsthattheCovid-19pandemicshookthe worldandthatmanycompanieshadtoadapttoremote workquickly.Evenwhenworkingfromadistance, companiesstillneedtobeabletomanageseveralprojects, trackfinancials,checktheprogressofsales,effectively executedailytasks,andevenmanageandevaluate
employees.Forexample,featuresliketimetrackingwill helpincreasetheproject’srevenueandprofitability,whilea timeofffeaturewillprovideyouwithacomprehensive overviewofemployees,teams,orthewholecompany
Withaprojectdashboardfeature,companiescankeep projectsrunningsmoothlyonbudgetandontimewith uniqueinsightswhilemanagingbudgetsandresources.On theprojectdashboard,aprojectmanagercanviewallthe relevantprojectmetrics,actualandplannedexpenses, projectmembersdetails,tasksstatus,timeoffrosterand muchmore.
WithVault-ERP,companieswillgetareal-timeoverviewof keycompanydataandcaneasilymanagetheirbusiness processes.
Vault-ERPstronglybelievesthatemployeesarea company’smostvaluableassetandshouldbesupported
whereverpossible. “Vault-ERP has brought order to our IT company called Rare Crew and many others. It helped us save time and reduced our running costs by making work processes more efficient. We invested thousands of hours into designing and developing Vault-ERP so that it provides a complete business overview which’ll help businesses grow” expressesDušan.
ERPsystemsarequicklyspreading.They’renolonger suitedtojustcorporationsandbigcompaniesanymore. Smallcompanieswillsoonbeabletobenefitfromthese toolsasERPsystemsarebecomingmorecosteffectiveand efficient.Modularsolutions,asmentionedbefore,arethe reasonforthis.
“The efficiency has improved by 70% within 6 months. Our team is confident of improving throughput by 4 times within this year.” – VinayN.whomanagedtosavetimeand moneyonadministrativetasks.
“The introduction of Vault-ERP allowed us to streamline our recruitment process.”
– ElizabethP.
“Vault-ERP’s KPIs stored a wide range of information that provided us with valuable insight into our business. Being able to view these data insights on our dashboard ensured that we’d be making data driven decisions from now on.” –LukasS.
TalkingaboutthefutureoftheERPmarketposttheCovid19pandemic,DušanmentionsthatcloudERPshaveseveral advantagesliketheeliminationofrepetitivetasksdueto automation,highereffectivityandefficiency,andbetter decisionmakingduetoaclearoverviewofdata.Covid-19 playsanimportantroleintheorganizationalpoliciesof companiesofeverysizeandhowpeoplecooperatewith eachother.SocialdistancingwillalsoaccelerateERP implementationacrossmanyindustries.Asremotework becomesthenorm,thedemandforERPswithkeyfeatures likeHR,project,operations,sales,andfinancial managementwillincrease.
AnotherfactorthatinfluencesthefutureofERPis digitalization,whichwillbeanecessityinEurope accordingtotheDIGITALEUROPEmanifesto. “Together we will strive for a Europe where digital technologies, innovation, and artificial intelligence can provide Europe’s people with competitive jobs, better health, and better public services. A strong unfragmented DIGITAL EUROPE that takes leadership in creating digital Inclusion, Green growth, Innovation, Trust, Agile mission-based policy making that drives prosperity and creates benefits for European society and leads globally in an open economy” assertsDušan.
Hefurtheraddsthatbusinessesaroundtheworldneedtobe readyforthewholemovementbecausesoonerorlater,it mayberequiredbylaw.
Vault-ERPhasatalentedandhighlyexperiencedteam,so it’dliketodelivermorenewfeatures,modules,and exceptionalservicesforthosewhowanttogrow Vault-ERP
