Enterprise resource planning (ERP) integrates internal and external management information of an entire organization, encompassing all the aspects of business like finance/accounting, sales and service, customer relationship management, human resource, manufacturing etc. An integrated software application is used for automating this process and its purpose is to facilitate the information flow between all business functions inside the organization and manage the connections to outside stakeholders.
ERP Solutions help manufacturers/ traders from small businesses to mid size enterprises gain greater visibility in all areas of business, from daily operations to a strategic decision level. A high-level view of key business areas facilitates quicker and more accurate management decisions. Insight into production, inventory and financial data makes it easy to identify opportunities for cost savings and efficiency improvements.
Iqmen believes that each company has its own set of requirement needs which can be answered through cutting Edge customized solutions. The ERP solutions provided by Iqmen are based on Agile Methodology on iterative based releases of modules. The entire engagement involves continuous interaction and communication with stake holders of project, enabling them to re-evaluate project priorities with a view to optimize their return on investment.
The highlight is the customization of the modules according to the individual business, to ensure the solution is well fit for your organization. The overview of the modules is as follows:
Finance : Create budgets, monitor and project cash flow, process accounts payable and accounts receivable, reconcile financial accounts, perform drill-down analysis, and track material, labor and production costs.
Purchase: Manage procurement, organize and maintain detailed vendor information, maintain a bid matrix, request for quote and comparison of the same, create purchase orders or generate POs from planned orders, manage requisitions and RFQS, and receive and inspect vendor shipments. Manage Sub contracting job and Import Management.
Sales: Provide quotes and estimates to customers and automatically convert quotes to sales orders. Easily create new items (and associated bills of material and routings), copy and modify existing items, or quickly configure an item on-the-fly.
Opportunity Management: Manage the complete sales cycle from prospect to customer. Track sales opportunities and maintain a complete history of activities, tasks, documents, e-mails, etc. Report on sales funnel and opportunity progress.
Order processing: Enter and maintain complex sales orders or create a sales order directly from a quote and create new items, bills of material and routings on-the-fly, maintain price matrices, and ship finished product. Manage Export document and transactions.
Inventory: Manage detailed inventory records, maintain optimal inventory levels, simplify inventory transactions, automate frequently performed tasks, ship and receive goods, track material location/lot information, track serial numbers, utilize bar coding and perform cycle counting and physical inventories. Define and manage assets and internal branch order.
Manufacturing: Plan and schedule production, enter and track work orders, control the shop floor, monitor production status, manage material and equipment capacity, promise deliveries, and track time and attendance. Create and maintain multi-level visual bills of material, manage product data, design routings and standard processes, and track engineering changes.
HRM (Human Resource Management): Process payroll quickly and manage every aspect of employee information, including salary and job histories and employee benefits. Ensure full tax compliance and completely manage government reporting. Maintain real-time workflow communication by automating customized messages to vendors and customers as well as employees for specific system events, via e-mail, on-screen messaging or SMS.
CRM (Customer Relationship Management): Manage every aspect of Supply chain planning, define order and manage supply chain with clear laid parameters for Distribution and Transportation.
SCM (Supply Chain Management): Establish projects and master projects, associate Project IDs with all facets of the system, bill work completed for a project using progress billing and report on revenues, expenses and profit/loss for any project.
Project Management: This suite is all about utilities and customization according to the individual business houses, to ensure Impact is well fit for your organization.
Iqmen’s tailor-made pioneering ERP systems have long-term advantages such as:
- Eliminating costs and improving operational efficiency
- Enhancing productivity, customer satisfaction, flexibility and control
- Facilitating new business and growth strategies
- Lesser cost ownership
- Using Real-time dashboards and analytics eliminate spreadsheets
- Online marketing to increase customer database
- Gaining better control of processes
- Improving communication and collaboration
- Experience superior technology
- Leverage IT infrastructure and information resources
The ERP solutions created at Iqmen have found its way to some of the biggest names in the industry. Our solutions cater to a wide array of laterals like IT Software, Pharmaceuticals, and FMCG etc. Our customers continually inspire us to deliver better and improvised products and solutions to help them grow successfully