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Showing posts from June, 2021

Integrate Inventory Management and Accounting Software for improved performance

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The complexity of business is getting more intense day by day, and it is more important to handle the data efficiently . And this makes Inventory management software and accounting software a must have for businesses of any size. Accounting software defines the current standing of your organization while Inventory Management software maintains and organizes a perfect warehouse and helps to track all the shipments and orders. These two entirely different and important pillars of your organization can be incorporated for better management of all your business activities. As both the Inventory Management and Accounting departments has common functions like sales order, purchase order, bills and invoices, integrating them can minimize risk, saves money and automates the process. To make things simple and easy, why not integrate them with an ERP - Horizon EBS ? Why Integrate Inventory Software with Accounts? The four key benefits of integrating your inventory management software with...

ERP data migration best practices for successful implementation

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Data migration can be terrifying and challenging at times. Examining some of the ERP implementation failures in the last decades reveals the common culprit to be data migration. If some of the tech giant companies like Revlon, Vodafone, Hershey’s falls as a victim to this migration disaster, it is important to find the pitfalls and overcome those with proper strategic plan. Here are things that need to be considered and taken care of during migration. A common shared database is the heart of the ERP and that enables employees across different domain to access parallelly. When implementing a new ERP system, the strategic plan need to be made with collaboration each department. So, the migrated data has the accuracy and perfection. Data Migration ERP data migration is the process of moving data from existing system or to a new ERP solution. The existing system can be a legacy software or standalone software of each departments or a spreadsheet. To manage the data migration fr...

Bringing HRMS, payroll and finance together to improve your productivity

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Traditionally, and still today in many of the organizations, HR and Finance departments operate apart and they represent different component of a business. One will look after the Employee (HR) and past trends to analyse their impact on the business, while other will look at the Money (Finance) and forecast to predict the path of the business growth. While individually each department serves the company, many of their functions overlap. HR and Finance works most effectively like a checks and balance systems, and Payroll is part of both. Obviously, Payroll considered as a part of finance and HR is accountable for the employee’s end of payroll. And this makes team work and collaboration between Human Resource (HR), Finance and Payroll department vital for any organisation. In fact, as we have moved to new method of remote and flexible working due to corona virus pandemic, collaboration became even more important. But, initiating cooperative environment across these departments is not a...

Understanding the difference between On-Premise ERP, Cloud-ERP and SaaS ERP

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If you’re a key decision maker in your organization who has recently started planning to implement an ERP solution in your business, you might come across the terms On-Premise ERP, Cloud ERP and SaaS (Software as a Service) ERP. You would already know that all the 3 integrates all the essential pillars of your business. However, are you well-versed in the difference between them? Without knowing the difference between the three method of implementation, you have no way of knowing which method of implementation will work for you. Choosing and successfully implementing the right ERP is not so easy. It can be complicated and confusing process to decide. Let’s fix that. Continue reading to understand the difference and how each one can benefit you. We’ve compiled the information so you can take better decision. What is On-premise ERP? On-premise ERP software are installed on your organization’s internal hardware and servers, and it is managed by your own IT professionals. Software lice...