Tag: erp system

Why Start-ups Should Use Custom ERP System: The Key to Success in a Competitive Market

Posted on by admina

Are you an ambitious entrepreneur who have a creative idea that can change the market? Have you started working on building your own company? Are trying to compete with hundreds of already existing rivals?

We have been there already and know how can starting a business in the UAE be challenging. Do not get us wrong, we are not here to break your confidence, it is quite the opposite. As a company that have started fresh and became a leading player in the market we want to help others follow our lead by introducing them to the equipment that allowed us to get this far, the Custom ERP system.

Transcript

Why Start-ups should use Custom ERP System?

While ERP Systems can be beneficals all companies,start-ups can gain more benefits of using an ero system to manage their operations.

Start-Ups Failure in dubai

Start-ups in dubai can face challenges and failures. The reasons fo start-ups failure in dubai can vary. Apart fro reason and solutions, here are some numbers and facts.

Start-up Failure Rates

  • 90% startups fail in the market
  • 1 out of 10 startups fail during the first year.
  • 70% of startup fail
  • Chances of failure drops to 50% in the 5 years

Reasons why startups fail.

Knowing the mailn reasons that cause start-ups to fail is essential to avoid failure. Understanding these reasons can help enterpreneurs identify potential challenges and take steps to migrate them.

Misprediction of the market demand

42% of the time, start-ups fail due to reading the market signs wrong. Demand changes all the time for a cariety of reasons like prices, taste change, the ecomnomy. Business fail when they ignore market indexes or refuse to act accordingly.

Running out of funds

Funds drain either because the business overspends money, or fails to generate revenue due to many factors including inefficiency at work, lack of sales, aand poor marketing strategies.

Hiring Worng employess

23% of the failed businesses have recruited the wrong people. Hiring incompetent employees loses you customers, and increase the margin for mistakes.

How can Odoo Custom ERP System save startups from failure?

Odoo Custom ERP Software can make business management easier for startups by providing various beneficial tools to both management and employess.

Improves Reporting

ERP software provides access to all business’s data in the real time. Reports and statistics are generated easily moments. More data enhances the chances to read the market and predict the demand.

Build Strong Connections with Customers

Following up with the customers, having all their data organizedm keep the customer satisfied. Customer satisfaction translate into loyalty.

Improves sales

Good Connection with customers, and acquiring more market data are keys to the marketing strategy. Better marketing translates into more sales, therefore sales increase.

Maintain the Supply Chain

Maintaining the supply chain is the pillar for the business. With enough stocks in the inventory, you can stick to deadlines, seize every opportunity, and keep the customers happy.

Increase Recruitment Efficiency

An organized recruitment process results in qualified employess. ERP Software for HR Management helps to provide the right tools to recruitment.

The 5 Best ERP Software for Your Business in 2023

Posted on by admina

One of the key factors for success in the business world of 2023 is the effective use of ERP software. ERP stands for Enterprise Resource Planning, and it refers to a system that integrates various aspects of a business, such as accounting, inventory, human resources, customer relations, and more.

By using ERP software, a business can streamline its processes, optimize its resources, enhance its performance, and gain a competitive edge. Therefore, using ERP software is not only beneficial but also essential for every business that wants to survive and thrive in 2023.

However, not all ERP software are created equal, and choosing the right one for your business can be challenging. That’s why we have compiled a list of the best ERP software available today, based on their features, functionality, reliability, and customer reviews.

Odoo ERP system

If you are looking for a flexible and cost-effective ERP software for your business in 2023, you might want to consider Odoo. Odoo is an open-source software that lets you manage your business processes in a modular way. You can select from various apps that cater to different functions of your business, such as accounting, e-commerce, manufacturing, inventory management, HRM etc.

You can also tailor and connect Odoo with other systems and platforms you need for your business allowing you to manage your business from one place. Odoo gives you the option to use it as a cloud-based or on-premise solution, depending on your budget and preferences. It is among the most popular and widely used ERP software in the world, with over 5 million users across 120 countries.

Odoo is a great option for small and medium businesses that are looking for a low-cost and effective ERP software. It is specially designed to help new businesses grow and succeed by providing them with various apps that cover all aspects of their operations.

One of the strengths of Odoo is being a user-friendly and scalable software. the interactive and attractive interface make it easy to use and more desirable for new users.

Odoo offers a wide range of hosting choices, including cloud hosting, on-premise hosting, or Odoo cloud platform, and supports multi-language customer support teams. It also offers a wide range of integrations, including DHL Express, FedEx, eBay, VoIP, and more.

If you are considering using Odoo, it is important to carefully evaluate your needs and determine whether it is the right solution for your business. With its low cost and wide range of features, ERP software for small and medium businesses can be a great option.

SAP business one

SAP is an ERP software system made mainly for large businesses. its solutions can provide extra visibility and complete control the business. It is integrated with the SAP HANA platform and boasts more than 100,000 users.

Using SAP one to manage the business helps enhance profitability and let managers improve their decisions. It also allows them to oversee the entire sales process and customer lifecycle more efficiently.

SAP is best for those that want to gain more insights and control to make effective real-time decisions. But while it has many powerful features, it may not be very user-friendly in the eyes of many users, some of the common issues that users experience with SAP One are complexity, unnecessary fields, workflow mismatch, unnecessary steps, and missing logic.

It is important to note that while SAP may not be suitable for all businesses, it can be a powerful tool for those that can afford it.

Oracle NetSuite

NetSuite is an all-in-one business management suite and ERP platform that encompasses ERP applications, financials, CRM, and ecommerce for more than 18,000 satisfied customers. It offers a high level of automation, with highly flexibility and customizability.

However, it does not seem to offer the best customer support in the market as its customer support has many complaints. Furthermore, system upgrades are a bit challenging for existing users. Additionally, NetSuite doesn’t offer an on-premise version. Despite these issues, NetSuite provides reliable and world-class solutions with seamless integrations.

Microsoft Dynamics

Microsoft Dynamics is an ERP and Customer Relationship Management (CRM) software system that is perfect for various industries. Currently, it is used by more than 200,000 customer worldwide and growing.

One of the key benefits of using Microsoft Dynamics is its highly collaborative environment, offering one of the best solutions for connecting different departments and division. It also offers extensive customer support options, including phone and live chats. Additionally, it is a highly customizable and scalable ERP software with the option to enhance security with server-to-server authentication.

With its wide range of features and extensive customer support options, it can be a great option for many businesses.

Sage 3000

Sage 300 is a Windows-based ERP system that runs on Microsoft SQL. It is a popular choice for small and medium businesses, and already has over 2 million global users.

Sage 300 is widely known for the ability to manage multiple companies, making it a superior choice for businesses with an international presence. Supporting different languages also adds extra benefits to this feature.

However, this advantage is not cheap as it is among the highly expensive ERP solutions in the field. The high cost can make it seem a risky choice to startups and small businesses that are still trying to prove their worth.

6 Benefits of Real Estate ERP System

Posted on by admina

Real estate business is one of the major businesses in the UAE. The high demand has created a very competitive market. Thousands of real estate companies and agencies are competing to have a larger share. Yet, only few of them are using real estate ERP system.

ERP systems, or Enterprise resource planning systems are the present and the future for business management. Here are some of the benefits of ERP software for real estate company.

  • Automates all the work

There are a lot of data and information needed in the different departments of real estate companies. The old methods take a lot of time to get the job done. Furthermore, the more manual work you have, the more mistakes you can make.

How can real estate ERP system help? The answer is automation. The system will alter any data that is related to the information you change. If an apartment was rented to a customer, the system can take this apartment from the list of available properties, create dates for the rent collection, add the rent to the company revenue, etc.

ERP allow you to have several tasks done automatically in matter of seconds. Just add few information, some clicks and the system takes care of the rest.

  • Keeps your data in one place

A typical real estate company have different departments like sales, contracts, financial, legal, human resources, and business development. Each department always need information and data from the others. In a traditional module, it takes a lot of time and effort to communicate with other departments. Bad communications slow the work flow which is bad for the business.

ERP systems provides one platform to store all the information where every employee can access. Departments can have access to the information at real time. Monitoring the work flow speed can influence how the teams have to adapt and alter their working pace.

  • ERP Strengthen the relationship with the client

To have a successful real estate company in the UAE, you need to have a good connection with the clients. With many competitors out there trying to steal your clients, you need to make sure you have them with you till the closing of the deal. How to do this? Stay connected with them via CRM.

CRM (Customer Relationship Management) keeps you connected with the clients. You can have their information easily, arrange them into the right lists. In other words, the system help you stay on the same page with the clients and keep them happy. Satisfied customers means more closed deals, more revenue, and maybe some referral to other prospects.

  • Lowers the expenses

Profiting business model has more revenues and less expenses. Growing the gap between them is the key to increase your earnings. How to do that? Increase your revenue, decrease the expenses or both.

Real estate ERP systems lowers the expenses in different ways. It can alert the company when a new property is available to provide the needed maintenance and rent it sooner. The company dispense of different software and platforms they use to mange their work and use only one system. The most important part, is the system increases the efficiency of the employees therefore they will work faster which saves more money and generates more revenue.

  • Improve the decision-making process

Decision making is the toughest part of management. Choosing the right path of the company is not as easy as it seems. Yet, with better data the image begets clearer. When ERP systems keep all the data organized in one place, it is easier to have access the them and analyze them.

Good Real Estate Software provide all the information you need. You get to know who your best customers are, what divisions are making you the most money, when are the best times for business, and more.

  • Enhances marketing strategies

ERP systems can improve marketing strategies in multiple ways. First of all, ERP gives them easy access on the current customers information to build a good strategy and know their targeted audience. Then it gives them clearer data of the market and the prices which is essential to the strategy.

What is the best real estate ERP System?

Due to the cost needed to implement the ERP system and the time needed to do that, Real estate companies want to make sure they choose the right software. The question is how do you choose the best software?

The best real estate ERP system must have:

  1. All the features you need
  2. User friendly interface
  3. Good maintenance service
  4. Customizability for future development

You can either look for one of the available Real Estate ERP system, or have an ERP built specifically for your real estate business. The available tools have good features, many companies use them already. However, there are always some down sides. Make sure to choose wisely.

OdooERP.ae is a leading ERP software developer in the UAE that specializes in providing ERP Software for Real Estate Company. Implementing the best real estate erp software from OdooERP.ae can help streamline your real estate operations and improve the overall efficiency of your organization.

By working with a leading ERP software developer in UAE like OdooERP.ae, you can ensure that implementing ERP Software for real estate company meets specific business needs and is tailored to your unique requirements. Contact us to get a Free Demo Now!