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Showing posts with the label ERP

Maximizing Efficiency: The Impact of Horizon EBS ERP Solutions in MEP Contracting

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In the ever-evolving landscape of construction, MEP (Mechanical, Electrical, and Plumbing) contracting stands as a crucial component, ensuring the smooth functioning of buildings' essential systems. However, the complexity inherent in MEP projects often presents challenges in terms of coordination, cost control, and timely delivery. To address these challenges, many MEP contracting firms are turning to ERP solutions, such as Horizon EBS, to streamline their operations and maximize efficiency. In this blog post, we delve into the profound impact of Horizon EBS solutions in the MEP contracting industry, exploring how these systems revolutionize processes, optimize resource utilization, and drive project success. Understanding the Complexity of MEP Contracting MEP projects involve complicated coordination among various stakeholders, including architects, engineers, contractors, and suppliers. Coordinating the installation and integration of mechanical, electrical, and plumbing systems...

UAE Corporate tax Penalties: A Detailed Guide

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The UAE Corporate Law (Federal Law No. 2 of 2015) sets out a comprehensive framework for the regulation of companies in the UAE. The law also prescribes a number of penalties for violations of its provisions. The penalties under the UAE Corporate Law are divided into two categories: administrative penalties and criminal penalties. Administrative penalties are imposed by the Ministry of Economy (MoE) or the relevant authority. They are typically financial in nature, but they may also include other measures, such as the suspension or cancellation of a company's license. The following are some of the administrative penalties that may be imposed under the UAE Corporate Law: No. Description of Violation Administrative Fine Penalty Amount in AED 1. Penalties apply if records and information required by the Tax Procedures Law or the Corporate Tax Law are not kept up to date: 10,000 AED for each infraction. 20,000 AED for repeated offenses committed within 24 months of the last violation...

Security Considerations for ERP System

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  In the digital age, Enterprise Resource Planning (ERP) systems have become the backbone of efficient business operations. As companies increasingly opt for customized ERP solutions to meet their specific needs, security concerns have taken center stage. The sensitive nature of the data managed by ERP systems, coupled with the potential vulnerabilities introduced during customization, underscores the critical importance of robust security measures. In this blog, we'll delve into key security considerations that businesses must address when implementing a customized ERP system. 1. Data Encryption: Data security starts with encryption. Customized ERP systems often deal with sensitive business and customer information. Implementing strong encryption protocols ensures that data remains unreadable to unauthorized individuals even if breached. This should include data at rest and data in transit, safeguarding information across all stages of its lifecycle. 2. Access Control: Customiza...

Enabling Seamless Business Operations in Saudi Arabia: A Guide to ZATCA's E-Invoicing with Horizon EBS System

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In today's rapidly evolving business landscape, adhering to government regulations and guidelines is crucial for companies operating in Saudi Arabia. The introduction of ZATCA's E-Invoicing Guidelines has brought about significant changes in the way businesses handle invoicing and financial operations. This blog will explore how the Horizon ERP system, offered by Frontline Information Technology (FIT), can enable seamless business operations in Saudi Arabia while ensuring compliance with ZATCA's E-Invoicing Guidelines. Keywords: Enabling Seamless Business Operations, Saudi Arabia, ZATCA's E-Invoicing Guidelines, Horizon ERP System, Frontline Information Technology (FIT), Compliance, Financial Management, Cloud ERP Solution Understanding ZATCA's E-Invoicing Guidelines As of 2023, the General Authority of Zakat and Tax (GAZT) in Saudi Arabia has introduced E-Invoicing Guidelines, which mandate businesses to issue electronic invoices for all taxable supplies. These gui...

Real-time Reporting and Analytics: Unlocking Business Insights with Horizon EBS

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  Real-time reporting and analytics have become essential tools for businesses across various industries, including the contracting industry. Enterprise Resource Planning (ERP) systems play a crucial role in unlocking business insights by providing a centralized platform for data management and analysis.   This is where the best ERP for contracting industry in UAE, Horizon EBS helps the contracting companies, where project management, resource allocation, and cost control are critical, real-time reporting and analytics can significantly enhance operational efficiency and decision-making. This is achieved using the analytical tool developed by Frontline Information Technology called, Horizon BI. Also, there are other tools used by the best ERP solution for MEP industry, Horizon EBS which helps the companies to get analytical reports for the real-time monitoring of the business. Let us look into the key ways real-time reporting and analytics can unlock business insights in the...

Advantage of SaaS based ERP over on-premise ERP

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SaaS-based ERP  (Enterprise Resource Planning) solutions have several advantages over on-premise ERP solutions, including:   Cost-effectiveness: SaaS-based ERP solutions are generally more cost-effective than on-premise ERP solutions because they require a less upfront investment. With SaaS, there is no need to purchase and maintain expensive hardware or infrastructure, which can save businesses a significant amount of money.   Scalability: SaaS-based ERP solutions are more scalable than on-premise ERP solutions. With SaaS, businesses can easily add or remove users and increase or decrease their storage requirements as needed, without having to make costly infrastructure changes.   Accessibility: SaaS-based ERP solutions are accessible from anywhere with an internet connection, making it easy for employees to access data and collaborate with each other from different locations. This is particularly beneficial for businesses with multiple locations or remote...

The Top 5 Powerful Ways Horizon’s ERP Drives Innovation

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  The Benefits of Enterprise Resource Planning (ERP) software go beyond the capabilities of the system itself. The planning, implementation, and eventual adoption of an ERP Solution, by its very nature, causes a company to innovate.  Innovation through ERP can make your company work smarter, and faster and ultimately achieve more. Throughout our journey, we have seen companies literally transformed by the adoption of an ERP system. Below are the top five most transformative ways we’ve witnessed ERP driving innovation for business. 1. Consolidating Independent Systems Ask the average IT manager how many systems they oversee and you might (or might not) be surprised. It’s not uncommon to have up to 30 different systems. How are those systems being managed and how connected are those systems expected to be? ERP can eliminate many of those disparate systems into one single source, or a system where through integration, everything is connected. The problems created by multipl...

Horizon Computer Aided Facilities Management Software (CAFM) , An Alternative of FSI

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Horizon Facilities Management Software is widely believed to be the alternative of FS I . Facilities management is defined as the services that enhance the function, safety, and sustainability of facilities, grounds infrastructure, and real estate. Facilities management is comprised of the following: ● Operations and maintenance ● Energy management ● Space management and occupation ● Experience of the occupant and employee ● Business continuity and emergency management What is the significance of Facility Management? For people to perform their best and be connected to their environment, it is essential to work or live in secure, comfortable, warm, and efficient buildings. Facilities Management is involved in managing all the facilities used by the people who live in those buildings.  Where they do their work, play, study, and life must be pleasant, productive, and long-lasting. The best facilities management can add to your business's bottom line and will impact both th...

Benefits of construction accounting software to the business

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Small-scale entrepreneurs across various industries utilize construction accounting software , and construction isn't an exception. However, construction accounting and management software is more complicated and features advanced functions that can handle unique problems in construction.  This advanced software was designed specifically to assist in the communication of business executives, making decisions, budget estimation, controlling job costs, and many other things. Construction companies are well-known for their contribution to advancements in many nations.  They usually receive contracts from the government and the private sector with a budget of a million dollars. This is because construction companies require accounting software. In this article, we'll examine the benefits of accounting software for businesses in the construction industry.                                ...

Benefits of custom-built ERP software Tailored to your needs

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  In today’s competitive world, staying out of the crowd and being unique will make your company get ahead in the game. And custom software built on your specific need can play a major role in taking your company to the whole new level. You can start with few core essential modules and then add features later on as your company branches out and grow. Design to Brand’s exact need When it comes to a business modal or software development, there is no chance as one-size fits all solution. And developing a software solution specifically for your company ensures that it is best suits all your need to succeed. Increase in return on investment The on-premise customized software may look like an expensive option at the beginning as a lot of investment. At times you may need to purchase hardware and servers to run them effectively. But, it in the long run, it gets you higher returns. With the accurate data and effective reports, you can make better decision on your projects, accou...

How to Weigh the Pros and Cons of Purchasing ERP

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These are typical complaints and worries that our team of experts has heard in regards to ERP systems. A substantial amount of organizations complaints and questions about the worth of an ERP system have validity: ERP solutions are expensive, difficult to select, and can be tricky to implement. On the other hand, there’s little doubt that ERP solutions are necessary for process manufacturers that want to compete on a national or global scale. It is almost impossible for manufacturers needing comprehensive lot traceability, financials, and extensive quality control requirements to operate without an integrated system.  ERP solutions provide a complete system from beginning sales order entry through the manufacturing and accounting process. ERP fully integrates the critical needs of batch processing: forward and backward lot tracking, inventory control, order entry, manufacturing, and bill of materials maintenance. Unfortunately, many companies get caught in a quandary. Shoul...

Why organizations want ERP replacement in just 2 years after purchase – What’s wrong!

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  Software decision makers, after investing sufficient time and money to select and deploy a good ERP, find themselves disillusioned with it. Why! This is because they fail to see productivity gain and expected efficiency in business transactions. And they want their ERP to be replaced in a few years. What’s going wrong? The companies went for an ERP solution because they all wanted a modern-day technology to be implemented – that holds the promise of storing all the organization’s information in one place. But the purchase of the software falls short because the ERP chosen was not up to their expectations. An organization opts for an ERP system to reduce costs, improve performance metrics and efficiency in business transactions. If the ERP gets complex to use, then they will not use the ERP or use it reluctantly, leading to poor data quality. The result? Poor forecasting, insight and transaction flow management. To choose the exact ERP solution, you need to know what they are and ...