What constitutes an enterprise resource planning (ERP) system? And why should companies employ it?

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The Demands for all Businesses

Today, small and medium-sized enterprises (SMEs) face a number of the same issues as large corporations. Among them is the planning and management of their resources. SMEs are confronted with similar complexities but have limited resources to address them.

As with their larger counterparts, small businesses must:

1. Account for their sales and purchases.
2. Comply with tax requirements.
3. Their employees are paid.
4. Manage deliveries within the stipulated timeframes.
5. Offer superior goods and services.
6. Communicate with the clientele and answer their questions.

Large corporations invest millions of dollars in sophisticated systems such as SAP. SAP and comparable systems are capable of meeting the needs of these multinational corporations to integrate their multi-country, multi-company, multi-currency, global businesses onto a single platform. This has allowed them to achieve consolidation of data/records in core processes such as accounting, taxation, payroll, reporting, and supply chain, to name a few.

Unlike large corporations, small and medium-sized businesses were excluded from the first wave of digital revolution (1995-2015). They are excluded primarily due to a lack of financial resources to license, hire programmers, and customize software to meet their needs. The majority of SMBs have rejected SAP-like systems. These systems require a CAPEX or OPEX budget of at least $100,000 (yes, one hundred thousand dollars). Even with cloud offerings (Software as a Service, SAAS) from these vendors, there is no confident Do It Yourself (DIY) solution.

Consequently, small businesses continue to struggle to maintain order. They frequently use a variety of applications and tools, including spreadsheets, accounting software, and web-based customer relationship management systems, to manage their daily record keeping. To comprehend customers' master data, sales, cash flows, or profitability, they must therefore access multiple systems. Information exists in separate silos. It becomes difficult to combine the data in order to obtain insightful information or alerts. This causes small and medium-sized enterprises to be reactive rather than proactive in their day-to-day operations. With such a constrained approach to work, there is little room for advancement.

Geer ERP addresses several fundamental resource management issues that plague SMBs:

It is a free and open source software that can be downloaded and installed without cost.

1. Completeness: All necessary modules are available. Browse the entire list
2. Customization: It is simple to add additional fields or features.
3. Efficacy: Computing needs are relatively modest (cheaper to host and manage).
4. Wholesomeness A system and database that permits multiple users to simultaneously record transactions or extract data.

Geer ERP: What is it?

Geer ERP is a comprehensive business management system that allows SMBs to record all of their business transactions in a single system. With Geer ERP, SMBs can make well-informed, fact-based, and timely decisions to maintain a competitive advantage. It provides strength, transparency, and command to your expanding business.

You can:

1. Monitor all invoices and payments made.
2. Determine how much of each product is currently in stock.
3. Identify your key performance indicators and track their progress (KPIs).
4. Identify open customer queries.
5. Payroll management.
6. Assign tasks and ensure they are completed.
7. Maintain a customer, supplier, and contact database.
8. Prepare quotations.
9. Follow your budgets and expenditures.
10. Determine the effective selling price based on the actual cost of the raw materials, equipment, and labor.
11. Get reminders on maintenance schedules.
12. Publish your site online.
13. In addition to a large number of other things.

Geer ERP: Is it exclusive to small and medium-sized enterprises?

Geer ERP scales well from small to large businesses. Geer ERP is utilized by a number of retail chains in Africa as well as a highly regarded stock trading firm in India with over a thousand employees.

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