What is Working capital? The liquid assets that are available for a company’s daily activities are represented by working capital. It is the discrepancy between the present assets and current liabilities of an organization. To put it another way, the things that keep your business afloat are cash, inventory, accounts receivable, and short-term investments. The… Read More »
ERP software solutions have developed into more than just a tool for expediting operational procedures. It currently serves as both a competitive advantage and a stimulus for company innovation. Keeping up with the latest developments in ERP technology is essential for corporate success as we get closer to 2024. ERP Software facts These 9 ERP… Read More »
Success in today’s ever-changing business environment depends on staying ahead of the curve. Enterprise resource planning or ERP solutions have been essential in helping companies of all kinds develop, increase efficiency, and streamline operations. It’s critical to look forward and predict the ERP developments that will influence business software as 2024 draws near. We’ll talk… Read More »
With big dreams come huge responsibilities. Similarly, with expansion of a small company into a big enterprise requires scalable operational efficiency. So, what solutions business person can get for this challenge? It’s obvious that they will try to make less manual efforts and more profit margins with technology. Therefore, open-source ERP Software comes into a… Read More »
The Connection Between ERP Systems and Employee Experience The implementation of ERP software is often seen as primarily focused on business growth and productivity optimization, with its impact on employee experience frequently overlooked. However, ERP solutions have a dual effect, not only fueling business growth and productivity but also enhancing employee engagement and empowerment in… Read More »
Whether you’re in the planning stages of your ERP evaluation or your team has already initiated the process, it’s essential to review and validate your ERP selection criteria. With approximately 50% of ERP projects not meeting their Go-Live deadlines and many ending in failure, the stakes are high. No one wants to be associated with… Read More »
Enterprise Resource Planning or ERP software integration takes extensive data from various business functions and store it in a centralized repository for streamlined accessibility. This approach empowers you to make well-informed, data-driven decisions for your business. However, the flow of information into and out of an ERP system can often be laborious and time-intensive. In… Read More »
Effective inventory management in the United Arab Emirates businesses optimizes supply chain operations and ensures customer satisfaction. Elate ERP Software, a comprehensive ERP solution, offers tough inventory management capabilities, including the use of inventory dimensions. In this blog, we will study the importance of inventory dimensions in Elate ERP and their benefits. We will also… Read More »
The UAE authorities introduced a corporate tax on June 1st, 2023. As per the new law, any taxable individual or business must pay a 9% corporate tax, starting from their initial financial year that begins on or after the mentioned date. Let’s explore the connection between ERP Software and corporate tax UAE. This announcement has… Read More »
Managing an e-commerce business involves coordinating various aspects, each residing in different systems with distinct processes. You must ensure seamless integration across scheduling, inventory, internal communications, and accounts payable. Enterprise resource planning (ERP) tools facilitate this by consolidating resources like supplies and personnel into one system. Integrating your e-commerce platforms with ERP enhances efficiency and… Read More »
The construction sector is rapidly expanding and contributes 6% to the global GDP, with annual expenditures exceeding $10 trillion. According to Globe Newswire, the global construction industry market is expected to reach USD 17,247.96 billion by 2029. However, this growth brings forth a set of challenges, including adhering to tight budgets and project timelines and… Read More »
Businesses are now turning to cloud ERP software as the best option for scaling operations, protecting data, and promoting innovation as a result of the development of cloud-based technology. Find out the top seven reasons why should you switch to the Cloud ERP Solution now for your company! According to a global survey of ERP… Read More »
In today’s digital era, the healthcare industry is embracing technological advancements to enhance patient care and streamline administrative processes. One such transformative solution is the implementation of Healthcare Enterprise Resource Planning or ERP software for hospitals. This blog explores the significance of ERP systems in healthcare, how they revolutionize hospital workflows, and how they effectively… Read More »
Customers can quickly compare your goods and services to those of your rivals because of online searches. It means that you need a solid internet marketing plan that increases conversions while simultaneously offering superior customer service for your company to develop customer loyalty. In today’s competitive business market, an efficient and productive sales department is… Read More »
