Ebook

Uncovering Procurement Excellence

A definitive to solve your procurement issues
*
*
*
mypropixel('TYASuite','77106032334ffefe6f989f697174bdc8');

Latest

Trending

Latest

TYASuite

TYASuite

Busting the Top 4 Myths of Cloud ERP For SMEs

A survey conducted by IBM in collaboration with Oxford Economics showed that 90% of Indian startups fail within the first 5 years of their inception. The major reason for their failure is the absence of a long-term plan. Most founders of SMEs make the same mistake: Thinking of generating more revenue in a shorter time rather than looking at the bigger picture.

Founders juggle a lot of responsibilities which only increase in due course of time. They also need to keep an eye on the slowing economy which can topple any organization in just a few days.

Read: How ERP can save your company in recessions

Is ERP A Luxury?

Every founder wants to expand their company's growth as each day passes. They work 24/7 to take their company to new heights. Founders can?t make intelligent decisions when they are provided inaccurate data. One slight error in judgement could bring down any company like a house of cards. ERP ensures complete data access at any point in time by centralizing the data and integrating the different business departments of an organization. ERP is highly beneficial for every organization that plans on rapid expansion. It is difficult to stay ahead of the competition when you are still struggling with spreadsheets and they are using ERP.

 Despite these significant factors advocating for the adoption of ERP, there is a slight hesitation among founders to implement ERP due to these 4 reasons:

1.  ERP requires a lot of investment

Let us debunk this myth right away, ERP during its initial years was expensive and was considered as an option rather than a necessity. Due to its high cost, it was only implemented in bigger companies which had financial prowess. Fortunately, now there are umpteen ERP solutions which don?t cost much and are easily scalable.

2.  ERP implementation is a time-consuming process

This is the second most popular myth among SMEs. ERP implementation time is completely dependent on the type of ERP solution chosen by you. There are various customized cloud ERP solutions that can be implemented within just a few days in your organization.

3.  It's difficult to Customize

Software is pretty much useless when it costs an arm and leg to just customize it according to an organization?s requirement. Fortunately, TYASuite is a customized cloud-based ERP solution that is preloaded with innate features which meet most of the business requirements. They can also be customized according to your preferences. Many ERPs offer APIs that allows users to easily build custom apps and implementations.

4.  It Will Impact My Current Systems

The primary concern of founders while incorporating new technology is that it will impact their day to day operations, disrupt customer orders, service delivery and ongoing business activities. ERP vendors understand the dilemma; therefore, they create an optimal plan which minimizes risks and allows a smooth transition to a new ERP solution.

Cloud ERP: The Hakuna Matata solution!

Hakuna Matata is a popular phrase from the Swahili language which means no worries for the rest of your days. Cloud ERP is the embodiment of Hakuna Matata. It can be installed within a few weeks in any company and is a lot cheaper than its counterparts. Cloud ERP can be accessed from anywhere around the world and at any point in time. It doesn't require maintenance and continuous updates are provided by vendors and saves up a lot of time.

It is very difficult for a bird to spread its wings when it is in a cage. Similarly, it is difficult for a developing organization to spread its wings when the ERP doesn't offer scalability. Cloud ERP scales easily by adjusting the entire infrastructure to the necessary size for each stage in your development as a company.

 As cloud ERP is a subscription-based model you get customer support access 24/7 which is available to you even after implementation, unlike its counterparts where the support ends at implementation.

Jan 09, 2020| 4 min read| views 575 Read More

Trending

TYASuite

TYASuite

Top things for Implementing Cloud ERP in your Company

Dec 27, 2019 | 4 min read | views 320 Read More
TYASuite

Vikas Mandawewala

Why Accounting team is crucial for your business success?

Nov 02, 2019 | 3 min read | views 890 Read More
TYASuite

TYASuite

Cloud ERP: Your Silver Lining During Recessions

Oct 04, 2019 | 4 min read | views 702 Read More
TYASuite

Vikas Mandawewala

Did you lose sleep waiting for ITR deadline extension?

Sep 27, 2019 | 2 min read | views 334 Read More

All Blogs

TYASuite

Vikas Mandawewala

How Cloud ERP can transform your workforce and business?

Let’s be honest; every business almost entirely depends on their employees for success and prosperity, which makes them an inevitably crucial part of the business cycle.

In retrospect what this would mean is an employee that is content with his job can be able to contribute to the success better due to a sense of commitment they’d feel. A satisfied employee is much more productive than an unsatisfied one; which is why it is vital for a business to make sure their employees.

While productivity isn’t the sole factor for driving success within an organization, It’s undoubtedly an important one which is why business should focus on latest technological advents that help them keep their organizational productivity high.

Bringing an agent of productivity within an organization can help the everyone from ground staff to higher ups in the management to help create a more organized and streamlined business; the agent in talk here is none other than Cloud ERP software.

Productive workforce is the key to employee satisfaction

The productivity and satisfaction equation work hand in hand together, one simply cannot exist without the another one while the end result of all this is generally business growth.

However, the same is possible in reverse as well, lack of employee satisfaction can lead to a spiral downfall of the business in the larger picture. Enabling employees with tools that allow them to be productive is also just as crucial for the full cycle to be complete. Legacy technology, multiple software’s for different departments can all hinder their productivity and hold them back. Here are a few measures that can act in your favor allowing for a boost in productivity.

-         Creating a centralized system, where all information is accessed and inputted into.

-         Future proof options such as Cloud ERP for streamlining of business functions

-         Display of reliability, allowing employees to work mobile. 

Agile working conditions:

The measure of today’s “committed” and “ambitious” employee is generally amount of hours they put into work, the one that stays back more after working hours is generally considered the “dedicated” one. However, today’s workforce is changing rapidly along with the mediums they adopt to work.

While the dedication to stay back is really commendable, it simply should not be a measure of “productivity” rather the quality of work should be the factor considered when trying to measure someone’s productivity.

Businesses are rather quickly turning to Cloud ERP software’s due to its ability to create a productive workforce while also equipping their staff to be mobile, without the need to work directly from office; what this means in the long run is that employees can still be optimally functional even when they are not within the office premise and also stay inter-connected with department, track business processes and deliver on their part; all of this while having the flexibility to travel, attend meetings and much more.

Simplifying work, eliminating stress

Cloud ERP softwares are fully capable of automation that was once thought of as impossible, with that being said they can ace redundant and repetitive tasks, get over them rapidly allowing staff to focus more one the core areas and saving them time.

One unspoken added advantage that comes with it is since most time consuming tasks are automated a lot of workload is off the staff which relieves them of all the stress related to it. Labor intensive and time consuming redundant tasks such as data entry, filing taxes and much more can all be taken care of.

In the long time Cloud ERP and ERP automation can actually help improve productivity of employees by allowing them to work to their full potential.

Sep 12, 2019 | 4 min read | views 630 Read More
TYASuite

TYASuite

ERP For Manufacturing | Transform Your Company with Cloud ERP

With most businesses that are product-based comes the responsibility of manufacturing.

This also comes with challenges as it turns the manufacturing industry scenario into a ruthlessly competitive one. To keep up with challenges the manufacturers need to adapt quickly. In their search for advents that can help them stay ahead of the competition and keep expenses at a minimum most of them turn to ERP, specifically cloud ERP software.

Why are manufacturer turning to ERP?

The answer, given the functionalities that most ERP softwares are packed with is obvious.

Agility, unification of data, mobility.

ERP allows them to integrate solutions that can help them reduce costs through automation, improve productivity and reduce redundancy, measure discrepancies in advance to divert any possible mishaps through predictive analysis and equip them with a range of robust functionalities for a seamless business processing experience.

Here are a few benefits that ERP can allow in providing a smooth business operation for manufacturers:-

-         Streamlines your business processes: Your business has a plethora of processes going on at any point, which in case of manufacturing is magnified since they are varied processes right from purchase of raw material to finished goods. All of this information needs to be unified and presented on one platform allowing everyone company wide access to the data to ensure mutual understanding between all working staff.

-         Get a 360-degree view of the whole process; With information from across all departments unified and presented in a simplified manner so every employee and individual involved in the process can get a clear view of everything happening within the chain of process.

-         Improve decision making capabilities; while some may argue about an AI's capability to make business decisions it is important to take note of how businesses across multiple diverse domains have grown into giants with data-driven strategies and most of this data was a result of pattern detections, analytics and other insight monitoring tools, all of which are packed into one tool; ERP.

-         Cost-effectiveness: Through automation, predictive analysis and tools that drive growth, an ERP can help your business drop your expenses. Repetitive tasks such as data entry, tax filings and more that rack up tons of man hours which are ultimately billed and turned into an expense for your business can be eliminated with these an effective ERP system in place.

Sep 06, 2019 | 2 min read | views 455 Read More