Applications and Uses of ERP Solutions

ERP or Enterprise Resource planning solutions help organization streamline the multiple, diversified, resources and processes, with the common goals of a business – productivity and profitability.

Through a single interface in the ERP, organizations can consolidate the business processes of various departments and bring them under “one-roof”. The different business units of an organization have a shared database, to support their various functions.

With an ERP solution, many business processes can be automated and synchronized . This replaces the need of doing manual data entry or maintaining separate databases or spreadsheets. Business units get streamlined into one system, where each one gets access to the information they require with respect to their unit or another’s. For instance, the Accounts department can drill out reports on the sales order. Or the sales order in turn can view the status of pending invoices. This way, business units leverage on the integrated systems of an ERP that helps them function in a coordinated manner, saves time and avoids duplication of data too.

Uses of ERP

ERP solutions can be customized to suit your business requirement . Some of the basic functions carried out by an ERP application are:

  1. Inventory and Order management(Supply Chain management)
  2. Accounting
  3. Manufacturing
  4. Payroll
  5. Human Resources
  6. Customer Relationship Management

ERP Applications

ERP applications have evolved over the years, ever since their entry into the software market. Diverse technologies have come into play to make ERP systems robust, customizable and flexible.

ERP-solution
ERP Application

Some of the Popular ERP Applications Are

Epicor

A legacy player in the ERP arena, Epicor uses Microsoft technologies such as SQL server as the database and is based on SOA architecture. It has a vast consumer base and a strong customer support system and is priced at the lower end.

Infor

This ERP product is popular for its SCM module for which it has a huge customer base. This ERP offers varying degrees of customization depending upon the business requirement. The ERP is stands at the lower end of pricing, compared to others.

Microsoft

Microsoft has been a competent leader in the ERP market and has catered well to small and medium level businesses. Its framework is designed in SQL server and dotNET. With its well networked distributions channels and the costing factor, Microsoft’s ERP has a wide established customer base.

Oracle

Java-based Oracle’s ERP is a highly customisable and flexible product. They have a huge market across the globe, this partly attributed to their stronghold in the databases segment, since so many years

SAP

As leaders in the ERP market space, SAP was the first to introduce the client-server ERP software. They have a stronghold in the market through their SCM(supply chain module), payroll and Accounting modules

ERP applications have changed the way organizations store, track, review and present their information. They have defined channels that facilitate better coordination amongst different business , by optimizing on time, effort and costs.

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The Information Technology Services Vital for Retail Banking

Ratail banking software

The banking industry is changing at a rapid pace, and embracing the updates on its way. Be it the Customer relationship in the banking industry or the Retail banks or Investment banks, all the banking sectors are fast adapting the Information Technology trends. Let us see more about the IT related trends and practices related to the banking fields such as Customer relationship department, Retail banking and also the Investment banking.

Devising Customer Analytics Using IT

     The customer analytics is growing in its importance with the advent of Big Data. The insights one can get through the Big Data analytics is unparalleled. The Retail banking is solely dependent on the customer base. So, when the IT provides a solution for the customer retention, growth and satisfaction; it ought to be used completely for its full utility. The infographics will make the analysis further easier and intuitive.

Software For Banking Customer Relationship

   The customer relationship is growing in its importance and stature in all fields, including the retail banking. The banking customer relationship is very important among other banking related features. Retention of customers is highly important and the relationship management plays a very important role in this. With software designed for this purpose, the finesse improves and the final result will greatly improve. The customer relationship banking software is an evolving domain, and shows promising signs.

Digital Delivery Comes To The Rescue

     One of the signs of rapid digital adoption by the retail banks is in the fact that the online videos are used for both sales and service is on the rise for the past few years and will continue to be so. The delivery of services and the complete necessary information related to the retail banking shall be carried over digitally. The self service coming up in the retail banking also is supported by the IT infrastructure.

Going Mobile Means More Customers

     The retail banking mostly deals with more transaction volume and comparatively less transaction amount. This fits the realm of Mobile banking. Major banking apps will continue to improve, expanding core functionality beyond balance checking, ATM locator and mobile deposit to value added services such as digital money management, personalized offers and connections to mobile commerce apps. But succeeding in the mobile space is more than just adding new features to an inefficient platform. It is about making the features already in place easier and more user-friendly. It gives a clear roadmap for development and deployment and leveraging customer insight to maximize the power of mobile capabilities. Retail banks alone will not be able to transform the mega trends into tangible Banking IT innovations with high customer and shareholder value. It will mainly depend on the ingenuity and creativity of the technology providers. But it will definitely happen in future, even if not in the present.

Comprehensive Banking Solutions From Pixint Catering

Both Retail and Investment Banks

The banking industry is changing at a rapid pace, and embracing the updates on its way. Be it the Customer relationship in the banking industry or the Retail banks or Investment banks, all the banking sectors are fast adapting the Information Technology trends. Let us see more about the IT related trends and practices related to the banking fields such as Customer relationship department, Retail banking and the giant Investment banking.

Software for Banking Customer Relationship

The customer relationship is growing in its importance and stature in all fields, including the banking field. The banking customer relationship is very important among other banking related features. Retention of customers is highly  important and the relationship management plays a very important role in this. With a software designed for this purpose, the finesse improves and the final result will greatly improve. The customer relationship software is an evolving domain, and shows promising signs.

Retail Banking Trends

The retail banking, with the boom in Private banks is growing at a fast pace. The trends concerning this banking solution are encouraging. The software solution for this industry in particular is also improving. With many companies providing retail banking software solution, we at Pixint differ from them with our utmost care combined with the experience.

Retail Banking

Investment Banking Practices

The large scale investment banks are less in number, but large in its reach and extent. They demand thought-out solutions, since they cannot afford any slippages. The application software development team at Pixint has expertise with Investment banks, so we can guarantee that your needs as an Investment banker will be fulfilled. At Pixint, with the experience and customer satisfaction motto we handle every banking related software projects with the utmost care.  With the passionate professional having experience in developing retail and Investment banking, we understand your needs and satisfy them with our final result output.