ERP is the Backbone Empowering The Business intricacy (Best Software)

ERP stands for Enterprise Resource Planning. It is such a system and process that companies and businesses use to unite the branches and various aspects of their operations.

ERP is a single system that can benefit your business and company to implement resource planning. Hence, companies use ERP to unify their method of operation with one software.

Moreover, ERP software includes planning your business system, purchasing inventory, dealing, trading, marketing, finance, human resources, and a lot more under one roof.

Pros and cons of ERP software in Bangladesh

ERP software has become one of the hotcakes now in business industries across the globe. It meets all the demands of a company to manage a business successfully. However, it possesses both advantages and disadvantages.

Let's look at the pros and cons of ERP software in Bangladesh.

Pros of ERP software in Bangladesh:

The pros of ERP software in Bangladesh are as follows:

1. Keep you one step ahead of your opponents

ERP software has many more benefits, but one of the crucial is that you can notice a visible difference in your business process. So that you can think, research, and make good strategies and implement those in your business which will eventually help you step ahead of your opponents, which ensures you stand in a good position in your industry.

2. Attain complete access to all important information

You can get a full profile of your business process through ERP software. So, you decide ahead of time because you are already monitoring all the information and inventories.

3. Better apprehension in all reports and plans

ERP has a unified reporting system. This system helps you compare the daily reports and every department's functionality. So, there is no need to make any spreadsheet of daily task reports. Your works will just hassle-free.

4. Forecasting with precision

When using ERP for your business and company, you can forecast your business because ERP allows your management to make strategic plans according to the system. ERP helps lower the cost of your business which eventually helps to save the company money.

5. Secure departmental collaboration

Different departments of your companies have additional responsibilities and extra functionality. So, various departments need a collaboration system to be centralized. So, the information will be easily accessible, which is quite required for departmental works.

Read Also: Benefits of ERP - A Integrated Business Operating System

Cons of ERP software in Bangladesh:

The cons of ERP software in Bangladesh are as follows:

1. High priced

ERP software belongs to the high-end price bracket. Along with the software price, there are other associated costs like maintenance, monthly fees, etc.

2. The feasibility of ERP software is determined by prior experience

It would be best to learn how to run the software properly and efficiently. If you do not know the detailed operation system, the software might not work for your business.

And most importantly, if you lack understanding of the software operation, it might risk your business.

3. Not properly research before purchasing

If you buy ERP software without properly researching and analyzing its functionality and operation system, it will ultimately be the reason for losing your business. You must be aware of all the functionality of ERP software.

It is also critical to understand all the features simultaneously. Still, you need to choose the software according to your business and make sure that you learn it properly and efficiently before using it on your business.

Thus, selecting which software you need for your business is critical.

4. Lack of knowledge

If you want to get all the benefits from the ERP software you purchased for your business, you need years of experience in using it. Sometimes, employees may be hesitant to use new technology in the workplace. Hesitation can be a barrier to ERP support.

Buying guide of ERP software in Bangladesh

You will get thousands of ERP software around you. So, buying the best ERP software for your company can sometimes be difficult for you. Follow a certain buying guideline for the best ERP software for your company.

You have to check out the key features to select which software do you need to pick up for your service, which is as follows:

• Easy integrable part with other systems
• Unifying operations
• Strong analyzing power
• Keep track of all the critical tasks and information
• An automated system saves time for error-prone and complicated works like Payroll, annual reports, etc.
• Functions to drop error rate
• Forecasting business settlement in future
• Analyzing business performance
• Functions to generate real-time reports.
• Should use Pie Chart, Gantt Chart to show report presentations
• Perform a comprehensive customer service solution
• Should be capable of integrating to CRM systems.
• Manage business accounts payable and receivable via funds tools
• Should run asset and tax management.   
• Pursue raw materials to final output with advanced technology

The above points should be in ERP software, and you must cross-check all the features when you buy them for your company or business.

Read Also: Why Is ERP Software Important for Business?

Top 5 ERP software in Bangladesh

Let's check out the top best 5 software in Bangladesh:

PrismERP:

Prism ERP stands for Platform Ready and Independent System for Multi-Dimensional Business with Crucial Automation demand. PrismERP includes flexible core business components to manage business propositions entirely and effectively. It is considered one of the best ERP solutions for any business in Bangladesh.

Why PrismERP is the best ERP software in Bangladesh?

PrismERP offers solutions to automation of business intended operations. The main attribute of PrismERP is a centralized database with the integration of numerous software systems under a single system.

PrismERP serves every aspect of a business. More than 30 different sorts of companies have been effectively implemented PrismERP.

The centralized database of PrismERP helps the following services:

Ø Business security

Ø Storage

Ø Managing

Ø Data exchange from various units

Now we will focus on the key features of PrismERP, which makes it the best ERP software in Bangladesh.

Ø Cloud-based

Ø High standard of security

Ø Database supported

Ø Integrated system

Ø Cluster-based support

Ø Best for any platform

Ø User-friendly system

Ø Finest customer service

PrismERP focuses on three basic things of a business. Which are:

• Efficiency
• Less cost
• Increased profit

Using PrismERP for any organization is profitable because you can drive your company and employee efficiency to a higher level by managing all the critical and complex works done under one roof of single system software.

The most amazing part of PrismERP is that it gives thousands of solutions to all the systematic errors and meets all the demands of your enterprise. You can even customize the software anytime according to your edge.

Furthermore, PrismERP is manageable and user-friendly for which companies are getting accustomed. The integrating options of PrismERP give you to forecast your business decision.

The foremost important thing is you will get all sorts of guidelines and help regarding the system's operation. PrismERP team is ready to serve you for any problem you face to function the system and solve it.

As a result, PrismERP has crossed a lot of success stories in the IT sector. You will get any consultations and services you need for your company, making Bangladesh's best ERP service provider.

Jibika Plexus:

Jibika Plexus is another top favorite ERP software in Bangladesh. It has some exclusive feature that makes it popular in companies for ERP service.

Jibika Plexus has a unique HR and Payroll system, which is user-friendly and easy to manage. This software can address all the problems related to Payroll. The general ledger system is easy to operate—all you can do from cash flow to transaction record with one system.

And another amazing feature is the salary sheet has multiple concession support. You can customize reports too.

Let's take a look at the amazing features

of Jibika Plexus:

Ø Easy-to-understand

Ø User-friendly design

Ø Payroll generation and attendance processing are both faster

Ø Managing multiple documents at the same time

Ø Compatible with mobile phones

Ø Performance evaluation system

Ø Privileges of multi-layer access

Ø An unlimited number of users are available

Ø Report on business intelligence

Ø Attendance system

Ø Project management system

Ø Asset handling system

Ø High-end security

Ø The convenient shift scheduling scheme

Ø Customization of documents

Ø Notification system with advanced features

You can customize the price according to your customized service from Jibika Plexus.

XERP:

XERP implies eXtreme Enterprise resource Planning. It has a special cloud-native feature that makes it unique in characteristics. But XERP also can be used with other browsers and networked devices too. It has some amazing features and special services, making it countable among other ERP software.

Let's Take a look a look at the features of XERP ERP software:

Ø Special CRM (Customer Relationship Management) system

Ø Accounting management

Ø Instrumental panel available

Ø Human resource management

Ø Accounting and finance management

Ø Distribution monitoring

Ø Enterprise Asset Management

Ø Inventory Control

Ø Managing supply chain

Ø Managing Warehouse

Ø Purchase management

Ø Managing project

Ø Management of sales

Ø Planning

Ø Manufacturing control

The focus point of the system is it can support many industries with just one system, and it instantly calculates tax.

ERP solution:

ERP solution provides services on integrated account and financial management. You can easily bring all your business wings like inventory system, warehouse managing, sales order process, manufacturing, and a lot under one roof. It is undoubtedly an amazing accounting software.

Let's check out the special features of the ERP solution:

Ø Website management

Ø E-commerce site supervision and management

Ø Inventory

Ø Directory of employees

Ø Online job management

Ø Accounts and financial managing

Ø Managing sales

Ø Production management

Ø Payroll management

Ø Invoice management

Ø Dashboard services

Ø Managing leaves

Ø Tracking expenses

Ø Survey

The software is some special attributes that make it different from other software.

Desh ERP:

One of the leading ERP software in Bangladesh is Desh ERP. They provide excellent service on business accounting and inventory management. You can redeem sales, purchases, accounts, finance, Payroll, inventory, and a thousand management service with one software.

All fundamental company activities can be accelerated, such as purchasing through production, inventory, sales, and customer service.

The attributes of Desh ERP software are as follows:

Ø Accounts management

Ø The interface is simple to use

Ø Managing sales

Ø Inventory management

Ø Payroll

Ø Financial management

Ø Purchasing

Ø Manufacturing

Ø Automation

Ø Customization system

Ø User friendly with Mac, Linux, Windows

Ø Easy accessibility

Ø License for an unlimited number of users

Ø Adjustable structure

Ø Expert support from a panel of experts is available at all times.

The attributes of Desh ERP are remarkable, and you will get all the customer benefits you need to run the software smoothly for your company.

Top 5 ERP software worldwide

We have discussed the top 5 ERP software in Bangladesh, and we have already seen that PrismERP has some remarkable feature that makes the software one of the best ERP solution in Bangladesh.

Now, let's check out the top best 5 software worldwide who are ruling the industry:

SAP:

SAP is a German enterprise resource planning (ERP) system. It stands for System Application and Product in Processing. It is best recognized for automating financial operations in SMEs.

Installation of SAP needs only 8 weeks or less than that. You can choose either a cloud system or installing the on-premise system from SAP.

The features of SAP are as follows:

Ø Accounting management

Ø Financial management

Ø Customer relationship management through lead generation

Ø Report managing

Ø Integration

Ø Procurement and supply chain management

Ø On-time marketing

Ø Sales support

Ø Automated purchasing process

Ø Automated order managing process

Ø Store and retrieve data

Ø Advanced analytics

Ø Extract, transform, load (ETL) capacity

Ø Application server

The exclusive feature of SAP is that you can save data on those disks that have quick and fast data access, query, and processing systems. So, you can choose either a data disk or main memory to store data.

The above functionality of SAP makes the software one of the top ERP solutions worldwide.

Oracle:

Oracle is another excellent ERP solution from Oracle apps, and this is an E-Business Suite working for managing finance effectively and efficiently.

The features of Oracle are as follows:

Ø Supply-chain management

Ø Human resource management

Ø Managing projects efficiently

Ø Customer relationship management

Ø Procurement management

The relational database of oracle uses a single tool to collect information and maintain all the processes with the same dashboard. Data access can be regulated using the system's roles and permission capability.

Sage:

Sage is one of the top ERP software across the globe. AICPA acknowledges it. The software has some useful unique features which you cannot find in other software.

Ø Default dashboard making users easy to operate

Ø Serving many different industries along with manufacturing

Ø Accurate project cost prediction

Ø Automatically managing multiple currencies

Ø Automatic tax management

Ø Integration with e-commerce platform

Ø Secured e-commerce related service

The dashboard system of Sage is the default, so it is easy for experienced users who use other ERP solutions. So, all the attributes stated above make Sage a unique and ruling ERP software worldwide.

Infor:

The business has both simple and complex processes. Now, each ERP has its characteristic to serve different sorts of business. Infor helps mostly the complex manufacturing process and brings it in a simple format.

The attributes of Infor are as follows:

Ø Advanced functionalities

Ø Comes up with the speed

Ø Stops delay

Ø Diversified set of inventory control options

Ø Admits production and delivery on time by manufacturers

Ø User-friendly rules, regulations, and standards

Ø Supply chain system

Ø Cross-selling check

Ø Testing of manufacturing techniques

Ø Running on SQL server

Ø Maintaining multiple branches easily

Ø Performance monitoring is possible from any device and place

Infor helps different types of business operations function with simple and easy processes.

Microsoft Dynamics:

If you want to manage retail or distribution industries, you have no other option than Microsoft Dynamics. It has some specialized features in these industries.

The main functionalities are as follows:

Ø Human resource management

Ø Financial management

Ø Sales management

Ø Project management

Ø Supports different languages

Ø Multiple currency managing

Ø Integration with Microsoft Office and Outlook

Ø Integration with Windows, Android, and iOS

These are the functionality of Microsoft Dynamics.

Final words

The main goal of using an ERP solution for a business or company is to increase sales volume and forecast business decisions. It can integrate business functions so well that you will be hassle-free and focus on other strategies to grow your business.

Business organizations are now using ERP to lessen all the managing complexities they face during business operations.

ERP is also easy going for employees because their working progress grows when they get used to a system. ERP is emerging to ease the working progress. But you need to familiarize yourself with the system first.