ERP Software Development Company

Why is an ERP system important for business?

An enterprise resource planning (ERP) system is software that automates and manages core business processes, optimizing performance. It coordinates data flow between processes, providing reliable data and optimizing business processes across the organization. ERP integrates finance, supply chain, business processes, commerce, reporting, manufacturing, and human resource management on a single platform. While companies may have existing systems for managing finances and operations, these isolated systems have limitations and cannot support future growth. As companies expand, their needs change, necessitating the evolution of management systems. ERP technologies increasingly combine various business processes, although more than one-size-fits-all solution is needed. By integrating processes, systems, and data, ERP provides the analytics, acceleration, and agility necessary to optimize business processes.
Here are three key areas where an ERP system can enhance company efficiency:

Ensuring optimal performance: AI-powered solutions offer analytics that enables better decision-making and suggests opportunities for further improving operational efficiency.
Accelerating operational decisions: By integrating processes and data, ERP enhances visibility and flexibility for employees, enabling them to take faster action and achieve greater results.
Providing business agility: Many ERP solutions can adapt and scale according to specific needs. It allows companies to proactively prepare for disruptions in business processes or market changes and respond swiftly.

Three signs that you need an ERP system

Changing may be necessary if you recognize the issues with your outdated system. When selecting a new ERP system, consider the following:

Outdated solutions hinder development:

If your current software prevents market advancement and limits global growth, it's time to switch to a more flexible ERP system that supports growth.
Disparate systems cause inefficiency:

As technology evolves, incompatible systems can hinder your operations. Stop wasting time and resources trying to integrate different software. Look for an ERP system that seamlessly integrates all the necessary functions.
Failing to meet customer expectations:

If your resource planning system doesn't work well on mobile devices, it's time to upgrade. To stay competitive, provide your employees with the necessary tools and invest in meeting customer expectations. Consider these characteristics when choosing a new ERP system.

Key Areas of Our Custom ERP Solutions

Project Management

Our custom project management system facilitates status tracking, accountability, and cost management. With tailored modules, including resource management, project documentation, templates, and an integrated drag-and-drop interface, we improve your project visibility.

Human Resource Management

Streamline the management of human capital with our bespoke human resource management software. Our module boosts workforce productivity and automates human resource management with integrated payrolls, workforce planning and analysis, scheduling, attendance monitoring, and other game-changing features.

Workflow Management

Achieve your business goals faster with automated workflow management. Our process automation software simplifies your business pathways and fully optimizes business processes, reducing operational costs. Coupled with an ERP system, this module delivers a complete audit trail of all activities, packed into KPI dashboards, dynamic forms, time-out, and other useful functionalities.

Financial Management

Monitor profitability, track revenues, and ensure accounting accuracy with our custom finance module. Our financial software syncs data with other critical functions, including inventory tracking, project planning, customer relationships, and others, to establish an integrated tracking system of all transactions. Our finance module has everything from asset management to profit tracking to reporting within one solution.

Inventory Management

Automate your inventory management, optimize space, and drive down operational costs with our custom-made ERP module. We deliver a feature-rich system that eases the management of all inventory operations from a single location. Whether it's stock tracking, sales orders, or supply chain management, our software solves your inventory problems in a few clicks.

Production Management

Boost planning and scheduling visibility, manufacturing performance, and operational agility with our production monitoring module. From strategizing to executing, tracking, and managing your outputs, our module has a fully built-in set of tools. We help streamline the planning process, manage product traceability, and reduce time-to-market.

Customer Relationship Management

Step up your customer experience with personalized interactions, target marketing, and consistent sales performance. Our CRM systems integrate natively into your ERP, providing a range of customer, sales, and marketing tools to support your front line and automate routine tasks.

ERP Consulting:

Unsure about the right enterprise platform for your company? Our extensive collective experience of over 17 years allows our ERP developers to determine the optimal combination of ERP modules that will add value to your business. We also provide support in implementing and optimizing enterprise software.

Enterprise Application Development and Automation:

We specialize in the latest business automation technologies and develop complex applications for businesses with limitless connectivity, automation, and intelligence capabilities. Our enterprise solutions automate, optimize, and empower your critical business processes through custom workflows and routes.

ERP System Maintenance:

Our support team ensures that your internal digital assets operate at peak performance. We conduct regular health checks of your ERP software, identify and eliminate inefficiencies, and introduce new updates to enhance security and maintain high-performance levels.

Full-Cycle ERP System Development:

Our custom ERP software development is tailored to your unique domain processes and seamlessly integrates with the rest of your enterprise ecosystem. We manage your project from planning to implementation, maximizing the value of the software and driving digital transformation within your company.

ERP Customization:

Our ERP development company transforms existing vendor-based and custom ERP systems into personalized solutions that reflect your vision and industry best practices. Our software engineers handle various customizations, from high-level architecture modifications to module-level enhancements and re-platforming.

ERP System Modernization:

We extend the life cycle of your ageing ERP platforms by incorporating the latest technologies and aligning them with your evolving business needs. Our services combine proven transformation methodologies, industry best practices, and innovative ERP migration strategies.

A Step-by-Step Guide to ERP Implementations

An ERP system aims to improve efficiency, visibility, and decision-making by providing a unified view of essential data and processes within an organization. It integrates data and processes from multiple departments and systems into a centralized system, reducing manual data entry and providing real-time access to information.

Implementing an ERP system can be complex, especially without technical insight and experience. Chudovo has compiled the following steps to help your team navigate the process:

Define the Scope:

Identify the specific business needs, processes, and goals the ERP system should address. Involve relevant stakeholders to ensure alignment with the overall business strategy.

Choose the Right ERP System:

Evaluate different options based on features, functionality, scalability, cost, and vendor reputation. Select the system that best meets your business needs and goals.

Develop a Project Plan:

Create a comprehensive plan with timelines, budget, resource allocation, and risk management strategies. Involve all stakeholders to ensure commitment to the project's success.

Prepare the Data:

Ensure data accuracy, completeness, and consistency. Clean the data, map it to the ERP system's model, and address data quality issues.

Configure the ERP System:

Customize software settings, workflows, and business rules to align with your company's processes. Work with the ERP vendor or implementation partner for assistance.

Train the Employees:

Provide tailored training covering software features, functions, and best practices. Offer ongoing support to ensure effective usage of the ERP system.

Test the System:

Conduct comprehensive testing to ensure the system meets business needs and resolves any issues. Involve end-users in the testing process.

Go Live:

Implement the ERP system into business operations. Monitor closely after the go-live and address any issues promptly. Ongoing support and maintenance are crucial for long-term success.

Our ERP App Development Service Models

Chudovo delivers unique ERP software solutions tailored to your business's requirements. Our solutions are designed with scalability, allowing you to optimize software development expenses. Choose from our range of ERP application development services packages:

01
End-to-End ERP System Development:
Our expert team will guide you through the entire software-building process, ensuring your business objectives are met.
- Analyzing the business environment
- Developing end-to-end software
- Managing data migrations
- Implementing integrations
- Conducting quality assurance
- Providing post-implementation assistance
02
Customized ERP Module Development:
We create bespoke ERP modules that integrate seamlessly into your company's infrastructure, enhancing business efficiency.
- Designing the architecture, UX, and UI of ERP modules
- Developing the modules
- Conducting quality assurance
- Providing support, maintenance, and scaling services

Best ERP Systems

SAP S/4HANA

SAP S/4HANA Cloud is an AI and analytics-powered modular cloud ERP software that caters to various business needs. It allows users to run critical operations in real-time from any location, introduce new business models, and expand globally. It can be deployed on-premise, in the cloud, or in a hybrid combination for faster time-to-value.

NetSuite

NetSuite has been the top cloud ERP solution globally for over 20 years. It gives businesses visibility, control, and agility to build and grow successfully. In addition to financials and ERP, NetSuite offers integrated systems for inventory management, HR, professional services automation, and omnichannel commerce. Over 36,000 customers trust it across 217 countries.

Microsoft Dynamics 365

Microsoft Dynamics 365 Business Central is a comprehensive business management solution for small and mid-sized companies. It enables seamless integration between finance, sales, service, and operations teams within a user-friendly application. With step-by-step onboarding guidance, contextual intelligence, and interoperability with Microsoft 365 apps, it accelerates deployment and adoption. By moving to the cloud, businesses can optimize digital processes, gain insights, and adapt faster.

Odoo ERP

Odoo ERP is a fully integrated, open-source software that offers a vast range of customizable business applications. Its intuitive database meets various needs, including CRM, sales, project management, manufacturing, inventory, and accounting. Odoo caters to companies of all sizes and budgets, helping them become more efficient by reducing redundant manual processes. The Odoo market provides numerous tailor-made modules and apps for any business requirement.

12 Benefits of ERP Systems

Today's ERP solutions offer a wide range of features that benefit businesses. Most medium to large companies have universally adopted these software systems because they drive tangible improvements. While the specific value of ERP technology may vary for each company, several key advantages are universally delivered:

Cost savings

ERP systems offer significant cost savings by automating repetitive tasks and minimizing errors. It reduces the need to hire additional employees as the business grows. Cross-company visibility helps identify inefficiencies and optimize resource deployment, from labour to inventory to equipment. Cloud ERP solutions can provide incremental value beyond the initial investment.

Workflow visibility

With all workflows and information consolidated in one place, employees with access to the ERP system can easily track project status and monitor the performance of different business functions relevant to their roles. It provides valuable visibility for managers and leaders, eliminating the need to search for documents or constantly ask for updates.

Reporting and analytics:

ERP systems include robust reporting and analytics tools that allow users to track KPIs and analyze data for informed decision-making. These tools help businesses understand how changes or issues in one department impact the rest of the company, providing valuable insights for process improvement.

Business insights and intelligence

ERP systems can access real-time data from across the entire organization, enabling the discovery of impactful trends and providing extensive business insights. It empowers organizational leaders with easy access to relevant data, facilitating better decision-making.

Regulatory compliance and data security

ERP systems help companies comply with ever-changing financial reporting standards and data security regulations. They provide an audit trail by tracking the lifecycle of each transaction and ensuring adherence to required approval workflows. Automation reduces the chance of errors and compliance issues. ERP software also generates financial reports that comply with standards and regulations, and cloud-based solutions enhance data security with cutting-edge protocols.

Risk management

ERP technology reduces risk through granular access control, defined approval workflows, and accurate data management. Strengthened financial controls and fraud prevention measures minimize the risk of financial losses. The ability to monitor the entire operation helps employees quickly address risks posed by business disruptions.

Data security

ERP providers prioritize the security of critical and sensitive data. They implement necessary measures to protect against cyberattacks, which are increasing in volume and scale. Vendor-managed cloud ERP software uses advanced security protocols to safeguard companies from damaging attacks.

Collaboration

ERP solutions facilitate information sharing among teams, making it easy to collaborate and access real-time data on purchase orders, contracts, and customer support records. It breaks down departmental barriers and fosters effective teamwork.

Scalability

The right ERP system is scalable and flexible to meet a company's current and future needs. Cloud-based systems adapt to operational changes and increase data volume and access demand.

Flexibility

While ERP software promotes best practices, it offers flexibility to support unique processes and objectives. Administrators can build company-specific workflows and create automatic reports tailored to different departments and executives. ERP enhances innovation and creativity within the organization.

Customization

While most modern ERP systems have extensive built-in functionality, some companies may require additional features to support specialized processes. An extensible ERP system allows integrators or IT staff to add necessary features through custom code or integration with homegrown or legacy solutions. However, minimizing customizations and leveraging prebuilt functionality is recommended based on industry best practices.

Customer and partner management:

ERP systems can strengthen relationships with partners and customers. They provide insights on suppliers, shipping carriers, and service providers, with cloud capabilities enabling convenient information exchange. ERP can track survey responses, support tickets, returns, and more for customer satisfaction monitoring, allowing organizations to stay in touch with customer needs.

FAQ

What Is an ERP System and Why Is It Used? Answer

Medium and larger enterprises and smaller companies commonly utilize ERP software. Its primary purpose is integrating various business processes and databases into a unified system. This integration is achieved through modules that cater to different areas such as human resources, financials, inventory management, sales, customer relationship management, and other critical functions.

The ultimate aim of ERP software is to eliminate isolated databases and processes and establish a single source of truth. For instance, when a customer places an order, the ERP system generates transaction information across relevant modules like customer relationship management and inventory management. It enhances data visibility and analysis across multiple departments and eliminates the need for manual data entry into multiple databases.

By connecting distinct information sources through an ERP system, businesses can streamline operations, reduce manual data handling, expedite business cycles, save on IT costs, and even unlock growth opportunities without additional personnel or capital investment.

What Are Some ERP Implementation Risks? Answer

The primary risk associated with ERP implementation problems is the potential loss of money and time due to significant software and hardware installation and setup issues. These risks can have a detrimental impact on the survival of your business. Problems with data management can also arise, leading to the destruction or distortion of valuable data that is crucial for business operations. Inaccurate cleaning and importing of data from multiple databases can result in unintended consequences in the new ERP system, negatively affecting business operations. Ensuring the security of your data is of utmost importance for the continued functioning of your business, particularly when regulations require compliance with procedures to safeguard sensitive private data from malicious hackers and intruders.

How Much Does an ERP Implementation Cost? Answer

The cost of implementing an ERP system varies for each business and organization. Software licenses or subscriptions contribute to the overall capital investment, while implementation expenses increase the total cost of ownership. Company size is a significant factor in predicting the cost of ERP implementation, as small businesses usually have tighter budgets than larger firms.

Variables that contribute to the cost of implementing an ERP system are:

Costs related to software customization or the need for business process re-engineering.
The choice between public cloud, private cloud, or on-premise implementation.
Options for the rollout strategy include "big bang," phased, parallel, or SaaS rollout.
Expenses associated with cleaning and importing data from legacy systems.
Potential disruption to business productivity during the transition from the previous system to the new ERP.
Human resources costs, including hiring an implementation specialist firm or reallocating staff for implementation duties.
Training expenses for end-users, department heads, managers, etc.
Additional investments in network security, intrusion countermeasures, and disaster recovery plans related to the ERP system.
Costs related to hardware upgrades or configuration.
Audits conducted to ensure current processes align with business objectives.
Efforts required to comply with various compliance regulations and industry-specific standards.
Integration costs for additional business software, such as AutoCAD or productivity programs within Office.
Testing conducted to ensure the stability of the ERP system before going live.
Negotiations during the software selection process that impact the implementation process.

Why is developing an ERP system worth the cost? Answer

ERP is beneficial and has the potential to enhance strategic enterprise-level areas such as:

Operational efficiency can be improved by up to 97%
Reporting and visibility can be enhanced by up to 85%
Updating app technology can be streamlined by up to 80%
Growth and competition can be boosted by up to 70%

What Is the ROI for ERP Implementation? Answer

The ROI of ERP implementation is determined by comparing the cost of the software system to the savings and revenue generated by the solution. Organizations need to be aware that the risks of implementation increase when the schedule is compressed, making it less likely for the ERP to align with business processes that support specific goals. In essence, aggressively pursuing ROI through implementation carries a high risk and only moderate rewards.