Best ERP Software
in India
New Horizon by SourcePro is the preferred choice of ERP for small business for end-to-end business operations for 7500+ key decision-makers across industries in India & worldwide.
Any system or software that offers visibility & control of operations across the multiple functions within a business, which helps manage resources efficiently (be it people or machines) and boost ROI in the process. Essentially, it is a large database with simplified or automated data collection, organisation, and analysis.
An Enterprise Resource Planning (ERP) system automates the business processes in a way that each function—right from planning, production, inventory, sub-contracting, finance to CRM—all works in sync with each other.
Being integrated with all internal-external applications, the ERP records incoming data from all departments and offers central, secure access to authorised users only. Not only does it get rid of operational inefficiencies, data duplication, human errors, non-compliance, risks, and unexpected downtime, but also helps visualise the data for quicker decisions and just-in-time transactions.
A business powered by one of the best ERP software is able to handle inventory, products, customers, vendors, suppliers, and partners in a manner that it bears the least possible cost of ownership at any given point of time.
ERPs have a modular design, where each module represents a single department or function, and all modules are interconnected. In the recent years, developers have come up with quite a few types of ERP solutions, which differ in:
Scalibity
Range of functions
Specialisation
Technique
Every business should map the benefits of these factors in an ERP, as well as pricing, to their individual needs before they pick & purchase one. Only the expert ERP solution providers ensure that the requirement and competence of modules are re-evaluated at regular intervals.
Based on the mechanism of integration, ERP modules can be further classified under 3 categories:
On-premise
Cloud-based
Hybrid
Salient Features of
Best ERP Software for SME
All-round Accessibility
Your business should be accessible wherever you are, whenever you need it. With on-cloud as well as on-premise implementation of New Horizon, you can stay up-to-date at all times. Moreover, the software is completely device-independent, which means you can access it from your phone, tablet, or laptop from any location.
ROI
We understand how important ROI is to any enterprise. New Horizon, designed by industry veterans, ensures a fast return on investment as it seamlessly adapts to your business processes and enhances their efficiency.
Instant Reports
Time is money, and we believe in savings. With instantaneous reports on the progress of each task, you receive real-time updates that greatly help in making key decisions regarding your business.
Accurate Analytics
Analytics gives you a bird’s eye view of every process taking place in the company. Detailed analytics provided by New Horizon increases the accuracy of future projections and help you remove possible irregularities in current processes
Core Modules of New Horizon ERP
New Horizon is the best SME ERP in India that comes with advanced modules that integrate your core business functions.
This grassroots-level approach enhances the agility of your enterprise and helps you scale faster and more efficiently.
Purchase
This module regulates your purchase management and helps you make informed buying decisions with detailed reports & dashboards.
Planning
This module allows you to streamline and sync material management, and aids in planning machine capacity, resulting in maximum value for investment.
Material
This module provides a dynamic platform to define the product, processes, manufacturing resources, bill of material, and the recipe for seamless flow and control.
Production
This module allows you to track in-process material at each step. It provides an overview of the information related to shop floor productivity, worker productivity, and value addition.
Stores & Inventory
This module can define multiple warehouses, inventory-valuation methods, inventory tracking features, Kanban and Backflush features. It also provides information about inventory movement and performs ageing analyses.
Sub-contracting
This module manages all third-party transactions like maintaining delivery challans (gate passes) while issuing materials, raising indents with or without a work order, and tracking inventory with multiple sub-contractors, while ensuring the information is available in real-time.
Quality Control
This module defines control parameters for raw materials, finished products and processes. It performs quality checks on the material received and that of goods manufactured on shop floors with the use of handheld connected devices.
Finance
The Finance module is deeply integrated with all the operations. With a direct link between each material movement and G.L. account, real-time values of material are monitored to improve productivity and revenue.
CRM
This module covers end-to-end CRM – from lead management to dispatch. Moreover, it is also capable of follow-up management, offer generation, and order booking, thereby providing rich insights into the entire CRM process.
Asset Register
Major functions managed under this module includes Capital Warehouse, Capital PO, Capital GRN, Asset Card Creation for Existing and New Assets, User defined Depreciation Time-Periods, Depreciation calculation based on IT and ROC. This module allows managing multiple assets, reduce their value, or transfer the assets with ease and simplicity.
HR
The HR module has capabilities to manage employee details like as Employee Database, Attendance Management, Performance Evaluation, Employee Appraisal and Employee Timesheet. This ensures effective management of HR activities within New Horizon ERP.
After-Sales Service
SMEs and MSMEs must be equipped with quick resolution to allow them to operate efficiently. New Horizon’s After-Sales Service module tracks various elements like Product Commissioning Entry, Service Call Registration, Service Call Assignment, Service Call Report, and other details to help our clients stay on forefront of their customer service. This also reduces their costs while delivering satisfied and happy customers.
Plant Maintenance
All maintenance tasks such as preventive maintenance docket, work center maintenance data, break-down docket generation, work-order for plant maintenance, work-order closure etc can be tracked. All maintenance details are saved in the database so that pre or post preventive maintenance can be tracked and executed.
Project Management
This module is a Centralized Project Hub for real-time data access, enabling informed decision-making. The features also include efficient resource management, proactive risk management, time and cost tracking, progress tracking, real-time collaboration, and interactive Gantt Charts for a holistic project view, all contributing to enhanced project execution and delivery.
Frequently Asked Questions
ERP software is an Enterprise Resource Planning solution that facilitates better management of business operations. It also enables you to monitor and assign your resources, be it financial, labour, time, or machine. It helps organisations in streamlining business operations like taking orders, scheduling plant activities, tracking raw materials and more. Not implementing an ERP software can be a competitive disadvantage for a company as it automates and fast-tracks daunting processes for a business.
Yes, every industry and company can avail great benefits from an ERP software. Irrespective of which industry your company belongs to, an ERP can automate, streamline and accelerate business processes for you. Secondly, you can also go for industry-specific ERP solutions, which cater to the needs and exceptions of an industry. In fact, every business must be equipped with ERP software if they want to have a competitive edge in the market.
CRM and ERP, both are designed to streamline business processes. CRM solely focuses on the sales side, whereas an ERP is implemented to automate, fast-track and streamline processes across multiple departments. An ERP solution enables the management to monitor every department and process of an organisation.
Tier 1 ERP systems, i.e. the software required for larger companies have huge cost. ERP solutions tailored for a specific vertical and for SME are cost effective and offer all functionalities found in Tier-1 ERP solutions. Also, the cost of an ERP solution shouldn’t be an influential factor because it is an investment that offers a great ROI.
There are two types of ERP solutions.
- On-Premise ERP: This is the traditional type of system deployment, where the ERP solution is installed on the server of a company. An on-premise software involves a capital expenditure as the company needs to buy licences that give you total control in terms of usage. Total control brings along complete responsibility of securing and maintaining hardware systems. And thus, you might need a large in-house IT team to troubleshoot issues faced by individual users and offer security.
- Cloud-Based ERP: A cloud-based solution has exploded in popularity lately. Usually Cloud based ERP systems are offered as Software-as-a-Service model. You can pay for usage on a monthly or quarterly basis instead of paying an upfront licence fee. It provides real-time insights, facilitates growth, and is encrypted for security. A cloud-based ERP operates remotely, which means if your employees work from different parts and corners of the country, they can still update data in real-time, provided they have a decent internet connection.
With an ERP solution, you can gain a complete visibility into your core business operations. It also optimises your company’s overall efficiency through resource tracking, data management, reports, and insights.