JSRams Enterprises Resource Planning

Today’s discussion is on ERP!!!

What is ERP?

The simplest way to define ERP is to think about all the core processes needed to run a company: finance, HR, manufacturing, supply chain, services, procurement, and others. At its most basic level, ERP integrates these processes into a single system.

Why is ERP required?

Every old business norm has been challenged in a way that we cannot fall back on old ways of doing our business. Now all of our businesses have evolved to derive solutions from multidimensional aspects of viewing a problem. Now more than ever solutions are derived from the digital based data solutions. “To achieve that level of business sophistication holistically it is imperative that there is a seamless flow of data across all the functions of an enterprise. That requires connected data that is secure and one that is driven by connected intelligence”, Guruprasad Gaonkar, JAPAC SaaS Leader for ERP & Digital Supply Chain, Oracle.

Do you believe that technology can help organizations to resolve business problems holistically?

To achieve that level of business sophistication in a holistic manner it is imperative that there is a seamless flow of data across all the functions of an enterprise. That requires connected data that is secure and one that is driven by connected intelligence. Connected data means all business functions are operating as one, eliminating siloed operations. For example, excess liquidity in finance triggering early payment discounting in procurements function, another example being productivity improvement measures in human resources coming by operating expense guidelines from finance. More connected lines of business results in better business decision making that drives growth and resource optimisation. A SaaS delivery model that is built on emerging technologies drives extreme automation and intelligence that eliminates redundancy. As market dynamics shift, the business agility enabled by a suite of SaaS business applications with a shared data model will become increasingly valuable.