ERP Software in Bangladesh

• What is an ERP software?
• What are the benefits of an ERP software?
• How customized ERP solutions help boost your business
• TallyPrime as an ERP solution for small businesses in Bangladesh

Struggling with managing multiple processes in a growing business environment? Confused with which ERP solution to choose for your business? Well, TallyPrime's robust features will help you streamline, manage and automate your business processes, so that your only focus is on how to be the best in your line of business without worrying about your day-to-day activities.

What is an ERP software?

Enterprise resource planning, popularly known as ERP software is a business management software that integrates various functions of the business in a single system. A business, irrespective of size, has to deal with various functions like, purchase and sales management, material management, payroll etc. Having a separate system to manage each of these functions is a nightmare. By managing all the business needs in a single system, ERP software enhances business efficiency and performance. Enterprise Resources Planning (ERP) systems bind various functions of the business into a single database.

What are the benefits of ERP software systems?

By integrating various facets of the business, it optimizes the efficiency at which you manage your business and immensely contributes to profitability. The following are some of the benefits of ERP software.

• You only need one system to manage all your business functions. This will save a lot of money which you would potentially invest in buying multiple software systems, tools, applications etc.
• Since it is designed to have a single database, it allows all the users operating at different functions to work faster. Thereby, the efficiency of each function increase
• By automating the various process, it saves a lot of time and efforts involved in managing the business process and computing it
• All the reports and statements are system generated and thus are accurate
• Gives a complete view of the business and insights for confident business decisions

How customized ERP solutions help boost your business

A well sought ERP software can help you organise, automate and improve your business. Custom ERP software can increase efficiency and maintain continuous growth. Unfortunately, choosing such kind of software randomly, you risk wasting money without boosting your business. In this article, we’ll consider the main benefits of using customized ERP solutions and share with you some tips that’ll help you to choose the right ERP solution.

In addition to the ability to track Key Performance Indicators (KPIs) in real-time, ERP systems can integrate business units, monitor the workflow, identify duplicates and analyse data integrity. Here are the main features of ERP software that can help companies to save money:

• Automating certain parts of an employee’s work
• Troubleshooting single-purpose software
• Ensuring the security of all company data gathered in one place
• Creating a single solution for analysis and reporting
• Simplifying inventory tracking and sales
• Improving the cooperation between employees in different company departments

To better match the needs of a particular company, ERP solution can work on two levels:

ERP as a system or single solution made from scratch

This option is preferable in case you don’t use any ERP applications and plan to apply for the services of a software development company. Business analysts will conduct a series of interviews to define the issues of your business and develop a proper software solution to solve them.

ERP as integrated modules for the existing system

This option allows improving the used business processes without spending resources on the development and deployment of a new software solution. Instead of that, you can add new modules to the application that is already in use and carry out relevant customisations, if needed. Among the possible options, there are reports module, customers and orders management tools, workload management tools, time tracking system, project dashboards, and so on. Such a solution can help to increase the efficiency of analysis, improve reporting, and allow making better business decisions without interrupting any business processes.

TallyPrime as an ERP solution for small businesses in Bangladesh

TallyPrime is a complete business management software that helps you manage the complete needs of your business. Using TallyPrime, you can manage invoicing, accounting, inventories, payroll, banking, cash flow and much more in an efficient way. Here are some of the key features of TallyPrime for small businesses:

• You can maintain books account for pure services (without inventory) as well with inventories as it suits your business
• Multiple invoice formats for recording invoices and inventories
• Multi-currency support to generate the invoice in different currencies
• Create, track and manage multiple projects simultaneously
• Manage own stock as well third-party stock easily
• Salary processing and employee management
• Insightful business reports related to finance, accounting, inventory, and management control reports
• Automated bills receivables and payable management
• Host of utilities to manage your banking needs
• Access business reports on any device, anywhere

The robust features of TallyPrime understand your business needs, simplifying the lives of businesses through simple to use software, insightful reports, multi-task capability and much more. This is something that is loved by our 2 Million + customers across the world. Take a free trial and experience yourself.