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Extended ERP: Enhance Your Business with ERP Extensions

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Friday, 30 August 2019
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Extended ERP: Enhance Your Business with ERP Extensions

Extended Enterprise Resource Planning (Erp)-Omni Accounts

8/30/2019

Extended Enterprise Resource Planning (ERP) 

ERP is software which facilitates more efficient business processes in the finance, manufacturing, distribution, sales and other core business areas.

Extended ERP includes other software and business processes. Integration with ERP is usually required to eliminate redundant information and processes. Software sold and supported as integrated may reduce ongoing maintenance costs.

ERP systems can be extended with third-party software, often via vendor-supplied interfaces.

Extensions offer features such as:

  • Customer Relations Management
  • Product Lifecycle Management
  • Product Data Management
  • Supply Chain Management
  • Data Mining
  • E-Procurement/E-Commerce

Customer Relationship Management

Customer Relationship Management (CRM) includes software related to business processes for sales teams and call centres to function more autonomously. ERP and CRM require minimal integration and can come packaged as part and parcel of an extended ERP.

Product Lifecycle Management

Product Lifecycle Management (PLM) software may include design, regulation, manufacturing, distribution and field service activities having to do with how a product changes over its life span. Depending on the industry, PLM software may cover more business processes or be restricted to design and engineering.

Product Data Management

Product Data Management (PDM) systems capture and manage product information, ensuring that information is delivered to users throughout the product lifecycle. File ownership, version control (check-in and check-out of files), revision management, and information status (ie In Progress/Generated/Pending Approval/Released) are all managed by the PDM system. Security and administrative functionality protect intellectual property rights through role management, project-based security as well as the relevant access rights.

Supply Chain Management

Supply Chain Management (SCM) may include software for planning and controlling any step in the manufacturing and distribution process, including tracking external companies' handling of products. Many different processes are involved in this progression, which essentially deals with the co-ordination of supply chains within and among various businesses.

Many supply networks and channels are involved in the production and delivery of products and services. Before goods reach the customer, they go through a chain of processes that could include anything from operations management to logistics, procurement, IT and warehousing. SCM can be defined as the integrated and efficient management of supply chain activities.

Data Mining

Data mining is a term from computer science. Sometimes it is also called Knowledge Discovery in Databases (KDD). Data mining is about finding new information in a lot of data. In many cases, data is stored so it can be used later.

For example, a store wants to save what has been bought. They want to do this to know how much they should buy themselves, to have enough to sell later. Saving this information makes a lot of data. The data is usually saved in a database. The reason why data is saved is called the first use.

Later, the same data can also be used to get other information that was not needed for the first use. The store might want to know now what kind of things people buy together when they buy at the store. (Many people who buy pasta also buy mushrooms for example.) That kind of information is in the data, and is useful, but was not the reason why the data was saved. This information is new and can be useful. It is a second use for the same data.

E-Procurement/E-Commerce

More and more businesses require an online presence to leverage new markets. The seamless integration of ERP systems to e-commerce websites via an API (Application Programming Interface) is becoming an essential requirement.

Integration Requirements

Depending on the industry and functionality requirements, extended ERP modules will require different degrees of integration. If the software is acquired in an integrated fashion, these costs are reduced. If extensive, these integration costs may continue to be an issue when anyone software area is upgraded by the original vendor. Extended ERP may include more software and processes depending on the industry served.

Cyber Security - Growing Threats to Network Connected Systems

IT systems – wherever they may be located – are at risk from unauthorised intrusion, theft and sabotage.  The more inter-connected a business is, the greater the exposure.

Geographic boundaries no longer exist and threats can come from the other side of the world in a split second. The weakest link in a company’s IT security is constantly on display – every second, 24 hours a day, 365 days a year.

More and more systems and devices are being integrated and connected via the Internet. IT security should, therefore, be integrated into all the systems involved.

Robust, integrated defence systems can enable a company’s IT systems to withstand cyberattacks and to safeguard against events such as system crashes, data loss and unauthorised access.

It is important to find a solution that supports the business and doesn’t stifle efficiency.

Cybersecurity has now become a discipline that is addressed at the senior management level, rather than just by IT departments. The nature of this threat creates a need for
both focus and resources in this field.

Intrusions through a company’s cybersecurity can quickly escalate, and it is, therefore, a good idea to include documentation of any integration with external parties in order to ensure a comprehensive and easily followed solution designed to counter any threats and attacks.

Omni ERP Accounting Software has a variety of methods available for automating and integrating with extended ERP functions.



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