Importance of ERP System for Small and Medium-Sized Businesses-Final

1. Why small and medium-sized businesses need ERP software solutions? @ Codiant Software Technologies Confidential - 2022

2. Yash Group Overview Founded in 1996 and headquartered in the USA, YASH partners with customers to help drive positive outcomes by delivering business transformation through IT Codiant has deep industry knowledge and expertise to build highly customized, industry proven mobile solutions for customers worldwide, across sectors Soltius – Division of YASH Technologies, is a leading IT consulting and services company providing innovative solutions and services with greater reach in Middle East Aaseya is a specialized expert partner, system integrator, advisor and consultant that helps design, build, deploy and manage client-specific BPM engagements C5MI has deep knowledge in managing world-class business processes, implementing cutting edge technology solutions for manufacturers and supply chains globally YASH EUROPE (Formerly known as ITPM Consulting) offers focused advisory and strategic consulting in Banking industry that address today’s business challenges @ Codiant Software Technologies Confidential - 2022

3. Introduction No matter what is the size of your organization, getting seamless access to advanced technologies is required to beat the market competition and drive improved business growth. With ERP software solution this business objective can be achieved effectually. The system allows your organization to make optimal use of resources by bringing automation and streamlining essential processes. Moving ahead, we have mentioned all the key aspects that can help in improving your enterprise’s role in the competitive market environment. @ Codiant Software Technologies Confidential - 2022

4. What is ERP? The term ERP means Enterprise Resource Management, it is the integrated method that helps in collecting and managing business data through integrated software. The application integrated into this system helps the organization in automating processes like sales quoting, production, accounting, and many more. @ Codiant Software Technologies Confidential - 2022

5. Importance of ERP in Small and Medium-Sized Businesses Integrates Information Flow Increases Productivity Improves Decision Making Reduces Human Errors Promotes Business Control Automates Workflow Boosts Collaboration Increases Sales and Long-Term Planning Enhances Data Security and Improves Quality Better Customer Relationships

6. Integrates Information Flow The ERP system streamlines the flow of information between different departments and handles the financial processes of the company in real-time. The financial transactions like product pricing, warehousing, order entry invoicing and more are all managed collectively. • Increases Productivity A centralized system to gather data ensures better productivity and business growth. It eliminates insignificant efforts of interacting with a huge amount of data via spreadsheets or other documents. Storing centralized data promotes simplified communication, collaboration, and accessibility of data to bring improvement. • Improves Decision Making ERP solution provides real-time and easy access to the data which enhances marketing, management, and accounting activities. This collaborative data enables quick analysis & valuable insights to provide enhanced decision-making. It also minimizes the risk of failure and delayed deliverables.

7. Reduces Human Errors The process automation through ERP helps in eliminating common human errors like missed orders, improper inventory management, incorrect invoice generation, and more. Thus, an organization can ultimately enhance employees’ confidence and boost their overall productivity. • Promotes Business Control Organizations having huge data and frequent usage of spreadsheets are likely to do errors and leak data that leads to poor brand image. But with ERP system integration, such errors can be minimized to save the extra cost and protect the business from facing any negative impact or downfall. • Automated Workflow Managing business processes manually is not a smart way to run organizations because manual processes are more likely to perform errors like miscommunication, inventory flaws ,etc. Therefore, bringing automated systems like ERP software can help in building a reliable customer experience and good employee satisfaction level.

8. Boosts Collaboration The ERP software enables an organization to communicate in a better way. It becomes easy for different departments to get easy access to data and thus enhances overall business productivity. It becomes easier to transfer data across departments that promote strong collaboration and enhances decision making, and business management. • Increase Sales and Long-Term Planning Handling manual inventories and receipts may cause errors and lead to false or misleading reports that lead to poor budget management or decision making. On the contrary, ERP software solution automates the bill/report generation process and improves overall efficiency. It also promotes profitability and consistency in planning better policies. • Enhances Data Security and Improves Quality Ensuring data security is a prerequisite in any organization which is smartly managed by using ERP software solutions. It offers a centralized system to store data that promotes collaboration across departments and helps in improving efficiency, accuracy, consistency and security.

9. Better Customer Relationships Retaining and building a huge customer base is the sole goal of any business and for which systematic data storing and analysis is required. The ERP system helps in optimizing stored data and provides useful insights to focus on enhancing the company’s products and services.

10. The Takeaway Creating a powerful data hub is the need of every business. ERP system enables organizations to streamline the entire organization system by storing data in a centralized system, providing better accuracy, and an improved way of fetching efficient reports. Moreover, it also promotes improved inventory planning and data forecasting that eventually helps in maintaining collaboration across departments.

11. It’s time to scale up your business efficiency with ERP software solution Connect with Codiant’s highly experienced team of experts to adopt technological innovations. We are helping businesses to grab better opportunities with robust management solutions like ERP and CRM.

12. Contact Us Sydney, Australia London, United Kingdom Pune, India Hyderabad, India Indore, India Vancouver, Canada Dubai, UAE US Corporate Headquarter 3 St Helen’s Place, Level 5 London - EC3A 6AB United Kingdom Phone: +44 20 7448 7000 YASH Technologies Australia Pty. Ltd. Suite 701, Level 7 171 Clarence Street Sydney, NSW 2000 Phone: +61450501299 Raheja IT Park Unit – 02, 10th Floor, Building No. 20, SEZ Campus Raheja Mind Space IT Park Cyberabad, Madhapur Hyderabad - 500081 (TS) Phone: 91-40-40403456 Hinjewadi MIDC, Plot No. 23/1, IT & ITES MIDC, Rajiv Gandhi Infotech Park, Phase-3, Hinjawadi, Pune – 411057 Maharashtra, India Crystal IT PARK STP-1, Ground Floor, IT/ITES- SEZ, Near Bhawar Kuwan Square, Indore – 452001 (M.P) Phone: 0731-6636363 YASH Technologies Consulting Inc. 398-2416 MAIN ST, Vancouver - BC V5T 3E2,Canada Phone: +1587 700 1674 East Moline 455 Avenue of the Cities, East Moline, IL-61244 United States of America Office 3602 36th Floor, Al Shatha Towers, Dubai Internet City, P.O. Box – 501714 Phone: 971 4 433 2834 Phone Number Web Email info@codiant.com +1-309-278-0633 www.codiant.com +1-872-444-3361 © 2022 Codiant- A Yash Technologies Companies| www.Codiant.com | Confidential