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New Horizon by SourcePro is the preferred choice of end-to-end Enterprise Resource Planning (ERP) system for 7500+ key decision-makers across industries in India & worldwide.

New Horizon: A New, Smarter Approach to ERP

What qualifies as an ERP?

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.

How ERP works for your business?

A good Enterprise Resource Planning (ERP) system or software is the one that automates your business processes in a way that each function—right from planning to production, and finance to CRM—works in sync with each other. 

Having been integrated into all internal-external systems and software, the ERP records incoming data from all departments and offers central, secure access to only authorised users. Not only does it get rid of operational inefficiencies, data duplication, human errors, non-compliance, risks and unexpected downtime, but also helps visualise that data for quicker decisions and just-in-time transactions.

A business powered by one of the best ERPs 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.

Know the types of ERP systems or software

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: 

  • Scalability
  • Specialisation

  • Range of functions
  • 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

The system is implemented entirely onsite and maintained in a physical environment with dedicated hardware and professionals for control, support, and ownership. It is ideal for large conglomerates that prioritise local solutions.

Cloud-based

Forget the expensive hardware and dedicated experts. As a web-based solution, the ERP application is available in the Software-as-a-Service model. Data is made accessible to all through an internet connection (usually through a subscription-based package).

Hybrid

Usually, a local subset of the system operates independently onsite, while selective access within the system is made available via cloud. The ERP solutions provider can design a custom mix based on the needs of business. Users, in this scenario, often enjoy the flexibility to either switch from one delivery model to another.

SALIENT FEATURES OF ERP SOFTWARE

ERP Software For Manufacturing - SourcePro
All-round Accessibility

Your business should be accessible wherever you are, whenever you need. With on-cloud as well as on-premise implementation on 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, laptop, be it Android, Windows, iOS, or macOS.

Enterprise Resource Planning Software - SourcePro
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.

Best ERP Software In India - SourcePro
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.

ERP Software Solutions - SourcePro
Accurate Analytics

Analytics give you a bird’s eye view on the growth of every process taking place in the company. Detailed analytics provided by New Horizon greatly increase the accuracy of your future projections and help you remove possible irregularities in current processes.

CORE ERP MODULES

New Horizon 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.

ERP Material Module - SourcePro
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.

ERP CRM Software - SourcePro
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.

Planning

This module allows you to streamline and sync material management, and aids in planning machine capacity, resulting in maximum value for investment

Online ERP Software - SourcePro
Purchase

This module regulates your purchase management and helps you make informed buying decisions with detailed reports & dashboards.

Warehouse Inventory System | SourcePro
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.

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.

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.

Best ERP Software In India - SourcePro
Quality Control and Assurance

This module defines control parameters for items and processes. It records quality checks on the material received and on the production quality at 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.

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.

  1. 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.
  2. 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.