5 Facts You May Not Know about ERP Software and It’s Benefits

Enterprise Resource Planning (ERP) systems bring together different phases of management information across an entire organizational platform. ERP can be used in a wide variety of areas such as accounting, manufacturing, marketing, sales, service and customer relationship management.

ERP activity is automated with software applications integrated to the platform. The information from department to department flows throughout all business functions within the organization.

Types of ERP Available for Business:

There are mainly three different types of ERP available for business:

1. On-Premise ERP
2. Cloud ERP
3. Hybrid ERP

5 ERP Facts & Stats:

Cost Effective: Enterprise resource planning is designed to help each size of business small, medium or enterprises. It also allows small size business to grow at least investment. Stats show that 23% organization that opt for cloud based ERP solution got the effective and cost saving results.

Work Process Efficiency: Advanced ERP Solution takes care of entire workflow and streamlines the organizations task efficiency. A small organization can also afford a cloud ERP solution without having the internal infrastructure to maintain such a size flexible is ERP.

Security: It is very secure; 94% owner believes that ERP provides better security due to its cloud services. For many small organization cloud is the only possible way to meet compliance requirements such as the Health Insurance Portability and Accountability Act (HIPAA).

Business Process Automation: ERP offers automation to each level of business. A senior management or other lower level employee can handle the entire functionality level throughout the organization work flow hierarchy according to his/her assigned accessibility level.

Opting Latest Trends: Sources say that ERP is rising day by day as it is opting contemporary ERP over traditional ERP, Internet of Things, Social media integration and better security environment.

Benefits of ERP Software System in Business

• Boost in business productivity with less resources.
• Accelerated business and financial reporting.
• To get better insights to solve critical issues.
• Can control business visibility at lower risk.
• Simpler IT structure to work easily by anyone.

If you are looking for a highly experienced professional Enterprise Resource Planning (ERP) consultant who can guide your organization through ERP development & implementation successfully? Hire Chetu a world-class custom ERP software solution provider.

What is Oracle Fusion and its Applications?

Oracle Fusion is a software application developed by Oracle. It contains front end applications which Oracle has created by combining the previous Oracle applications EBS, Siebel, Peoplesoft and JD Edwards. Typically, it is designed for medium to large sized businesses for licensing them. Businesses can use one or more than Oracle Fusion applications, as the applications are designed to integrate together to offer greater efficiency with business functions and operations. So that users can see and perform transactions in Oracle Fusion Applications.

Final Version of Fusion applications was released in 2011, but originally they had announced their Fusion application’s release in 2005, due to delays in the development process it has postponed. Currently Oracle acquired JD Edwards, Apps A-Z, PeopleSoft, and Siebel Systems, and incorporated technologies from their application suites into Oracle Fusion applications.

A few Oracle Fusion applications are:

E-Business

Oracle E-Business Suite allow integrated business applications to make better decisions, reduce costs, and increase performance.

JD Edwards

Oracle’s JD Edwards software purpose-built applications are aligned to how specific users work and fulfills the demand of simplified and modern UX (user experience). It uses innovative approach to work smarter and faster to increase productivity.

PeopleSoft

PeopleSoft single entry point information portal allow complete access of training, release content, media, documentation and various process implementation to achieve daily experience.

Enterprise Performance Management

Oracle Enterprise Performance Management is a BI application, a suite of performance management applications, a common foundation of Business intelligence tools and services, and a variety of data sources. These features are easy to use and mange at very less deployment cost because it is integrated using OFM.

The Oracle Fusion applications is used in following multiple areas of business:

• Business Process Management (BPM)
• Customer Relationship Management (CRM)
• Governance, Risk and Compliance (GRC)
• Human Capital Management (HCM)
• Supply Chain Management (SCM)
• Talent Management
• Lifecycle Management
• Procurement & Financials.

Purpose of installing Oracle Fusion applications to run the company’s data center, or run the hosted application into cloud computing environments. It has the capability to run few features of Fusion app can be accessed from handy devices like smartphones and tablets.

If you are looking for next generation supply chain and ERP applications development solution and Fusion implementation services like: integration, configuration, customization into your organization by experts to tailor your specific business needs then you should hire a certified Oracle Fusion Partner.

What is Augmented Reality (AR) and how is it Helping Business?

Nowadays, we can find augmented reality technology being used in various industries and it creates fascinating interactive applications. AR technology can be useful in multiple businesses sectors like: gaming, marketing, entertainment, fashion, art, and education amongst other things.

Let’s find out what augmented reality is and how it can help in business:

Augmented Reality (AR): Augmented reality’s main functionality is to add digital elements to the end users real-life environment using a camera lens. Examples of augmented reality experiences include Google Pixel’s Star Wars Stickers, L’Oréal Makeup App and the game Pokémon Go.

Augmented Reality is very useful in given business:

Widely used in sport:  Everyone enjoys a good game. People who likes sports often wish to support their favorite team in a stadium. While few people watch their game on smartphone screen augmented reality allows them to see live statistics, ball speed and trajectory of the ball in the stadium and much more. Making the sporting experience far more fascinating.

In marketing: Augmented reality opens huge business possibilities for entire marketing sector. Proper AR development can create customer experiences that generate brand loyalty and commitment for years to come. Knowing how to use AR to promote brands, products and services in key.

Education sector: Augmented reality makes learning very easy. Using the AR app allows teacher to explain various historical events in person. The technology makes learning exciting and interesting. Even a boring subjects would become fun learning experience by engaging an interactive learner.

Provide real-time shopping experience: Augmented reality makes the furniture shopping experience precise and fun. You can scale and buy home décor items according to you home space. For e.g. you can place any furniture in your apartment without having to physically take it there by the help of AR app.

Data visualization: Nowadays data becomes necessity of any organization. AR can help with data sharing and data showing. Today every company needs AR and it is interaction between people and the exchange of information.

Now you can easily analyze how augmented reality apps are used by business owners widely. Opting for AR solutions for your business is the right decision and if you are thinking about how to incorporate AR will into your business, then you should consult an expert augmented reality app developer.

What is asset tracking software and what are the reasons why enterprises should use them?

An asset tracking software is very useful for monitoring the GPS movement of goods and products in transit abroad. The software can also enable quantitative data to be recorded and attached while enabling a real-time physical GPS location of your company’s valuables.

Goods and services are the key elements of any organization. Tangible goods and can combine digital information used in data managements such as audits and life cycles within a tracking system. Asset tracking is a vital part of the business process especially if it is dependent upon the speedy recovery of a loss or a completion of a sales conversion. Having the ability to maintain a real time asset tracking systems for your company by scanning barcode labels allows you to pin point its location using Global Positioning Systems (GPS), Bluetooth Low Energy (BLE) or Radio-Frequency Identification (RFID). Asset tracking systems are built into devices we use daily such as our cell phones and tablet. The sense of urgency felt when they are misplaced isn’t even a comparison for business models that are based upon the delivery and location of goods. Asset tracking software combined with a physical scanner device can easily organize an entire IT infrastructure network and inventory. The main reason to use a tracking system is to save time and money.  Organizations can easily get valuable information about assets life cycle, which can be useful when making important decision about a business.

Improve Customer Service: Asset tracking software allows companies to keep tabs on customer goods all the time. By using tracking software, companies can easily locate packages efficiently freeing time and improving productivity.

Every business success depends on quality and customer satisfaction. If a customer is satisfied with the quality of a product, this means the business can grow in the market. Customers always expect a positive return on investment, which they invest in the business.

Enables Recovery and GPS Positioning: When a company is shipping thousands of items, trafficking all of the goods can be quite problematic. Companies will often spend more money in manpower to managing these goods. By using a RFID or BLE Asset Tracking Software, companies can easily avoid these kinds of problems, because this software monitors items in transit at any time via GPS location.

Real Time Monitoring & Goods Management: By using Asset Tracking Software, companies can maintain a real-time map of products and their Geo locations

Increase Productivity and Reduce Labor Waste: Asset tracking Systems helps companies know how many types of products are passed from a department; because of this, they can easily calculate an asset’s life cycle. If the items are tagged with RFID tags or barcodes, they can be scanned automatically as they move through different stages of the process. This helps you eliminate errors introduced in the manual scanning process and can be used for re-purposing data.

Ensure Accuracy and Peace of Mind: Pinpointing items allow a company to know the exact location of assets, making management easy. The tracking software is automated, and that’s why everyone in the company can track assets in real-time and provide customers, auditors and vendor data in a customized format.

Asset tracking has various benefits and implementation is easy. A business owner will gain lots of benefits by its usage such as inventory control, manpower and barcode solutions. These benefits help businesses to grow and provide better services to their customers. For the best custom asset tracking system, you need an expert asset tracking software solutions team.

What is Artificial Intelligence and How Can We Apply It?

AI stands for Artificial Intelligence, and is sometimes called Machine Learning. AI systems typically demonstrate some of the following human intelligence behaviors: learning, knowledge representation, planning, problem solving, perception and, to a lesser extent, social intelligence and creativity.

Today, there are large number of AI applications in both consumer-level and enterprise spaces, from Google’s DeepMind to Apple’s Siri. Now, AI has a huge impact on the following fields:

• Banking and Finance for fraud detection
• Retail industry for online customer support
• Healthcare to analyze human pattern behavior faster
• Entertainment industry to track user activity to determine which shows or products to recommend for e.g.: Netflix recommendation list
• Data security to help to predict cyber-attacks
• Manufacturing industry to for predictive maintenance and to calculate consumer demands

Gaming: AI is very useful in strategic games (Ludo, Chess, Sudoku, Tic-Tac-Toe, etc). Machine Learning intelligence helps to generate various possible solving steps based on heuristic knowledge or self-learning.

Natural Language Processing: Natural Language Processing will help to communicate between robots, computers to understand human natural languages.

Expert Systems: It reproduces the decision-making ability of a human expert, along with it allows solve very complex reasoning problems through bodies of knowledge. They give clarification and exhortation to the users.

Vision Systems: AI vision system is useful in the defense sector to spy on enemies. It is able to understand, interpret and grasp visual input.

Speech Recognition: One of the most compelling features of AI is speech recognition. There are lots of devices capable of interpreting human language, analyzing the context, and generating a logical response. Everyday speech regeneration devices become more responsive as their frame of reference grows. They are well on their way to understanding slang, accents, and the nuances of human communication.

Intelligent Robots: Intelligent robots can perform tedious tasks. Although robots are not a human alternative (yet), they can automate repetitive calculations and reduce margin of error.

In a fast-paced, business world, as technology and society continue to advance, more organizations are looking for powerful solutions that will streamline operation process. Artificial intelligence Software is enabling businesses to work smarter and faster.