What is ERP?
Understanding the Benefits of Enterprise Resource Planning

ERP system refers to ‘Enterprise Resource Planning’ software that integrates various business functions into a single unified system. Any business includes various functions such as purchase management, sales management, inventory management, accounts management and many more. An ERP platform helps integrate and manage all such functions of a business in a unified manner for better productivity.

Try ERP software for FREE

Definition of an ERP system

ERP solution stands for Enterprise resource planning. ERP tool is a software widely used by organizations to manage day-to-day business activities, including accounting, procurement, project management, risk management, compliance management, supply chain operations, ordering, delivery, and reporting. A robust ERP application integrates all the core functions into a unified system that helps plan, budget, execute, predict and report on an organization’s results.

Reasons why customers call Gofrugal ERP software the best

We are the best, Read more on this Achievement

History of ERP platform

Why do businesses need an ERP system?

Having an individual system to manage each critical function results in a huge burden, time consumption, poor collaboration, inefficiency, and improper decision-making. Businesses need an ERP solution that can bind all the functions into a single software to help them connect and collaborate with their employees, manage their everyday functions, and make data-driven decisions with the help of technology. ERP tool makes every business process streamlined and easier to track. Using an ERP platform also helps in improving the overall efficiency, productivity, and accuracy of every critical business process.

Download ERP software for free

How does an ERP software work?

Using the ERP tool, information about any operation performed by one department renders visibility to the other departments and authorized employees of the organization, which can be utilized across the ERP platform. ERP application collects such consolidated information from all its integrated functions and gives a comprehensive understanding of the business performance through various insightful dashboards and reports making it easier for businesses to make real-time decisions in optimizing the costs and streamlining the processes.

Schedule ERP software demo

Key features of an ERP system

Integrating different functions of business

Integrated ERP software solution allows all the functions or modules to work together and empower businesses to have a bird's eye view of your business. Easy access to information results in faster decision-making and lean operations team. Everything is easier and quicker.

Inventory management

ERP software helps you manage optimum inventory levels by automating the inventory management process. The right ERP application with a built-in reporting system helps you to forecast stock movements and know the insights on the stock trends, gaps, low-yielding products, etc.

Security

ERP software security shields business data and hinders theft, pilferage, and inventory shrinkage with complete security management software. With database security, access control, and user management, business security is enhanced.

Cloud-solutions

A Cloud ERP helps reduce overhead costs and streamlines processes for easier accessibility and mobility. Cloud ERP also helps you access data on the go, provides greater conveniences, and offers scalability and lesser capital investment.

Cost control and analysis

ERP software helps you track the cost incurred at different projects, units, departments, etc., and allows you to set the budget using which one can track variances. The insights from ERP application help you cut down the cost of unprofitable areas and ones that need to be optimized.

Billing management

Invoicing and Billing are critical for smooth functioning and are the primary source of cash flow for businesses. The right ERP should help you adhere to statutory compliance based on the demands of your country's latest rules and regulations.

CRM

CRM in ERP software helps you identify potential customers, prioritize special customers to make them feel unique, keep in touch with them using SMS, and track your customers' journey. CRM improves business performance through faster sales checkouts and spending efficiently on promotions knowing what your customers like and don't like.

Insightful reports

With real time reporting in the ERP system, it is possible to have the most up-to-date information at your fingertips. Based on reports generated from every function, you can make timely decisions and plan the way forward. When you have the scheduled reports function in your ERP, you can get the required reports delivered to your inbox regularly.

Accounting and Finance management

With inbuilt automation and powerful capabilities, robust ERP platform helps manage accounting and finance needs efficiently. From billing to critical accounts, processes such as accounts receivables, accounts payables, recording and tracking cash flow and the taxes involved, approving transactions, and taking decisions on the go can be done easily.

Purchase and Sales management

Purchase management and Sales management is an important aspect of any business. ERP platform offers the best in increasing process efficiency by streamlining the order management system right from order-to-invoice-to-cash. With complete tracking ability, ERP solution simplifies the procurement process of stock and other supplies.

Benefits of ERP system

Cost savings

Save tons of money by automating the simple tasks and minimizing the resources.

ERP system strengthens and scales your infrastructure

Scalability

Strengthen and scale your infrastructure to account for the business expansion.

100% accuracy

Eliminate the errors and act on the precise data acquired from all the functions seamlessly.

Improved productivity

Enjoy better work force productivity and increased output with easier access to information.

Increased efficiency

Drive maximum efficiency by allowing the users to collaborate effectively across multiple functions.

High security

Facilitate encrypted communication and strongly secured user authentication.

Enhanced agility

Identify and react to the new opportunities quickly with complete access to real-time business data.

Assisted decision making

Make assisted and confident business decisions based on the invaluable insights, graphs and comparisons provided by the smart reports.

Try free ERP solution

Types of ERP application based on industry

ERP for Retail
ERP for Restaurant
ERP for Distribution

One of the biggest benefits of using Retail ERP software is having accurate, real-time information of all operations like sales, purchases, and inventory to make faster business decisions. A Retail ERP application helps to get 100% control on inventory thus reducing stock-outs, pilferage, wastage, and driving more sales. With integrated accounting, businesses can track and manage all their payments from one place. A Retail ERP application also helps to quickly assess the changing consumer needs and integrate new channels easily

Learn more about Retail ERP software

Restaurant ERP software helps to increase productivity and allows restaurant staff to manage their operations seamlessly with very little effort and skill using mobile solutions integrated into ERP program for order taking, fulfilling the orders, reconciliation of sales channel-wise, and capturing the feedback from the customers. With the ERP tool, Restaurant owners can control the operations of one or multiple outlets with ease, integrate with online marketplaces, manage both offline and online payments in one place, track the business performance on the go and make better decisions.

Learn more about Restaurant ERP Software

With ERP solution, Distributors can track inventory across multiple warehouses, handle returns management, flexibility, have control over price, protect margin on different offers/schemes and fulfill the orders with effective sales collection, route, and rep-management. With ERP solution, distributors can manage multiple warehouses efficiently, reduce reverse logistics costs, rotate inventory fast, sell on the go, plan and monitor production so that orders planned can be fulfilled effectively.

Learn more about Distribution ERP system

Types of ERP based on industry

ERP for Retail
ERP for Restaurant
ERP for Distribution

A Retail ERP Software is an all-in-one software that helps manage all the business operations from POS or billing, ordering, inventory, purchase and supply chain management, accounting, CRM and loyalty, analytics, BI/reports, security etc seamlessly from POS billing to balance sheet. One of the biggest benefits of using Retail ERP software is having accurate, real-time information of all operations like sales, purchases, and inventory to make faster business decisions. A Retail ERP application helps to get 100% control on inventory thus reducing stock-outs, pilferage, wastage, and driving more sales. With integrated accounting, businesses can track and manage all their payments from one place. A Retail ERP application also helps to quickly assess the changing consumer needs and integrate new channels easily

Learn more about Retail ERP software

A Restaurant ERP software helps automate end-to-end management of overall restaurant operations including inventory management, KOT, billing, bookkeeping, report generation, mobile-order capabilities, recipe management, and much more. Restaurant ERP software helps to increase productivity and allows restaurant staff to manage their operations seamlessly with very little effort and skill using mobile solutions integrated into ERP program for order taking, fulfilling the orders, reconciliation of sales channel-wise, and capturing the feedback from the customers. With the ERP tool, Restaurant owners can control the operations of one or multiple outlets with ease, integrate with online marketplaces, manage both offline and online payments in one place, track the business performance on the go and make better decisions.

Learn more about Restaurant ERP Software

A Distribution ERP software is designed for stockists, super-stockists, wholesalers, dealers and distributors to manage the down-stream supply chain effectively. Distributors place bulk orders with manufacturers and sell them in smaller quantities to retailers or end consumers. With ERP solution, Distributors can track inventory across multiple warehouses, handle returns management, flexibility, have control over price, protect margin on different offers/schemes and fulfill the orders with effective sales collection, route, and rep-management. With ERP solution, distributors can manage multiple warehouses efficiently, reduce reverse logistics costs, rotate inventory fast, sell on the go, plan and monitor production so that orders planned can be fulfilled effectively.

Learn more about Distribution ERP system

What does an ERP solution consist of?

Purchase management

Ensures tracking of every inward stock that enters a business, fixes the right pricing for the stock, and initiates re-order suggestions based on sales

Warehouse management

Gain complete control over the daily warehouse operations from reordering, receiving, put-away, storage, picking, packing, and shipping