HORIZON ERP

 Blueprint for successful ERP implementation Implementing an Enterprise Resource Planning (ERP) system can be a complex and challenging process, but it is essential for streamlining business operations, increasing efficiency, and improving productivity. Best ERP in UAE, Horizon EBS has a time- tested solution and a fool – proof implementation methodology that we follow which has resulted in the high success rate of implementation.  Here are the key steps that we follow to ensure a successful ERP implementation: 1. Define your objectives and goals: Identify the reasons why you need an ERP system and what you want to achieve from it. This will help organizations to set specific goals and expectations that you can work towards during the implementation process. 2. Assemble a cross-functional team: Establish a team that includes representatives from each department that will be affected by the ERP system. This will ensure that everyone's needs and concerns are addressed, and t...

Frontline Information Technology (FIT) is a leading enterprise resource planning (ERP) solution provider. This year, FIT completes 31 years in the ERP industry. Over the years, the company has grown from strength to strength, expanding its offerings and enhancing its capabilities to provide the best possible solutions to its clients. With the emergence of the digital age, businesses across the globe are looking for advanced solutions to manage their complex operations. FIT has been at the forefront of this digital transformation, providing advanced ERP solutions that streamline business processes, reduce costs, and improve productivity. Over the years, FIT has established a reputation for providing innovative solutions that help businesses stay ahead of the competition. we reflect on the company's journey so far, here are some of the key highlights and achievements that have made FIT such a success story: Innovation : From the very beginning, FIT has been a pioneer in the industry...

In contracting industry, it is highly imperative to define initially the estimate and budget of the project to be executed. Further the actual expenses involved in the project must be constantly tracked against the estimation. The best Contracting ERP in UAE, Horizon EBS accomplishes this action using Project Accounting module. Thus, if your organization is into any of the contracting activities; be it Civil, MEP, interior, Facilities Management or any general contracting activities, Horizon EBS has a solution to manage the Project costing. What is a Project Accounting Module? Project accounting module helps to track and manage the financial transactions related to a specific project or set of projects within an organization. This module works in conjunction with other modules like Procurement & Inventory, Human Resource Management, Finance Accounting etc. to get the function wise cost incurred in executing the project. In ERP systems, project accounting typically involves creatin...

 As per the current work culture in UAE there is a need for HR and payroll software to process the payroll of the employees. Best HR and payroll software like Horizon HRMS cover all the required features from employees joining the company to leaving the company. We will share a few benefits of Horizon HRMS software. Productivity and Time Utilization: Payroll can be very strenuous with the mass amount of operations needed to keep everything in order. Medium and larger organizations don’t have time to look after timesheet and attendance management of the employees, overtime calculation, and employee data maintenance. This can take a large number of manhours to complete the entire process when it's done manually. By implementing HORIZON HRMS Software, one of the best HR & payroll systems in UAE, the system can minimize the work with the press of a button. Employee Self Service Portal In bigger organizations, there will be a huge workload on the HR team. Cloud-based Horizon HRMS s...

 The UAE has adopted a new corporate tax system, which is expected to significantly impact the tax and compliance obligations of many UAE companies.  With the introduction of Corporate Income Tax (CIT) on business profits, companies will require the support of a tax consultancy and ERP software has to be ready with the updates.  The new tax regime in the UAE will also bring about transfer pricing and documentation requirements in accordance with the OECD Transfer Pricing Guidelines. Capital gains and dividends will continue to be exempt from corporate tax, further strengthening the holding company structure. Companies may opt for group taxation or be taxed at a group level, and intercompany losses may be included in the calculation of taxable profits. The Ministry of Finance has announced a federal corporate tax on business profits, effective for financial years starting on or after June 1, 2023. The tax rates for business income are as follows:     9% corporate...

Horizon EBS is a fully integrated enterprise resource planning (ERP) software solution that provides businesses in the United Arab Emirates (UAE) with various modules to manage their core processes, including finance, procurement, and human resources project management. The software is designed to be user-friendly and customizable, allowing companies to tailor the solution to meet their specific business needs. Modules : Financial Management:   Horizon EBS provides a comprehensive financial management module, including accounts payable and receivable, general ledger, bank reconciliation, and cash management. Procurement:  The HORIZON eProcure module provides companies with a streamlined process for purchasing goods and services, including purchase order creation, supplier management, and inventory control. Human Resources:  HORIZON HRMS module provides companies with a comprehensive solution for managing their employees, including payroll, employee information managem...

 Top 10 challenges in ERP implementation 1. Inadequate Requirements Definitions The inadequate requirements definition or rather the absence of such document pose the greatest challenge to ERP implementation. The requirement definitions document carries the blueprint for the implementation process. It helps the team to select the right ERP solution. 2. Resistance to Change Without an ERP system, the workforce will be used to managing the various functions of the organization manually. Then if a decision to implement the ERP comes from the management, then the employees tend to resist the change. So, if employees are not convinced about the importance of ERP and advantages of using an ERP tool and system they will not be supportive. There are lot of misconception regarding ERP with the employees. Management must educate users about the benefits of ERP. Also, they must create champions, who are well respected potential user of the technology. The champion then becomes model user of t...