Benefits of Inventory Management ERP Module
Inventory Management

STREAMLINE INVENTORY MANAGEMENT WITH THE POWER OF FINAC ERP MODULE

Written by FINACMarch 4, 2024

Inventory management sounds like a fancy term, but it’s really about keeping track of the stuff a business has. Whether it’s pens in a stationery shop or gadgets in a tech store, knowing what’s in stock and where it is can make a big difference. 

An inventory management ERP module can simplify your matters in many ways. By storing all inventory data in one central system that is accessible from anywhere with an internet connection, businesses can easily track stock levels, monitor sales trends, and make informed decisions about purchasing and production.

With cloud-based ERP, businesses can integrate their inventory management with other modules like accounting and sales, ensuring seamless communication across departments and enhancing overall efficiency. 

Here’s what FINAC Cloud ERP can do for you

  • Say goodbye to inventory headaches! We meticulously record inventory on a first-in, first-out (FIFO) basis. This ensures accuracy and makes it a breeze to track costs, check availability, and sell stock in the right order.       
  • Record the cost and storage details of each batch. It makes it easier to track everything and manage your resources better.
  • Define different packaging options for your products. It helps organize your inventory and makes ordering materials a breeze.
  • Sync up your inventory across different locations. Customers get real-time updates on stock availability, making your service top-notch.
  • Easily keep tabs on different product variations like size, color, and type. It’s a great way to make sure you’re meeting all your customers’ needs accurately.
  • Conveniently manage stock adjustments for variances, losses, or gifts. Transferring stock between warehouses or updating inventory levels at different workstations simplifies the process, saves time, and minimizes errors.
Read More
How ERP Modules can Optimize your Manufacturing Processes
Manufacturing

HOW FINAC ERP CAN STREAMLINE YOUR MANUFACTURING PROCESSES

Written by FINACMarch 1, 2024

Running a manufacturing site demands handling many tasks, from production management to inventory control, quality assurance, compliance, sales, and customer satisfaction.

Supply chain disruptions can impact manufacturing processes as they rely on a network of suppliers and contractors. Issues like material shortages, transportation challenges, or geopolitical problems can cause delays and raise prices.

Effective inventory management is crucial to prevent overstocking or stockouts, which can lead to unnecessary expenses and missed opportunities.

Managing the workforce presents its own set of challenges, including skilled labor shortages and turnover. Maintaining a motivated and well-trained team is essential for meeting production goals.

IS EXCEL GOOD FOR MANUFACTURING OPERATIONS?

Excel is valuable for addressing manufacturing challenges through inventory organization, demand forecasting, and workforce task scheduling. Manufacturers can analyze trends and optimize inventory levels through its formulas and functions. It makes workforce management easier by generating schedules and monitoring employee hours. 

Although Excel is flexible, it might have a different level of integration than specialized software.

FINAC ERP MODULE FOR THE MANUFACTURING INDUSTRY

FINAC’s ERP modules for the manufacturing industry simplify manufacturing processes including inventory, supply chain, and personnel planning. It addresses supply chain problems, inventory mismanagement, and workforce shortages. Our customizable manufacturing module lets manufacturers adjust rapidly, cut costs, and boost efficiency for sustained growth and competitiveness with real-time data insights and optimized procedures.

The unique Stock Wastage Feature in FINAC ERP can assess stock deviations, interact with other modules for detailed reports, and make data-driven profitability decisions.

In summary, by harnessing FINAC ERP’s adaptive tools and instant analytics, manufacturers can overcome hurdles and excel!

Read More
How to Unlock your Business Growth Potential
Accounting

UNLOCK BUSINESS POTENTIAL WITH FINAC ERP

Written by FINACFebruary 19, 2024

In business, understanding where you stand and where you can improve is crucial for growth. Regular analysis helps you keep up with market changes and find ways to cut costs, boost productivity, and make better use of your workforce.

STREAMLINE ACCOUNTING OPERATIONS WITH EXCEL

Accounting is like keeping track of your money in an organized way. By using tools like Excel, you can analyze your finances more effectively. Excel allows you to input and categorize financial transactions systematically. By creating spreadsheets for income, expenses, and cash flow, you can maintain clear records of your financial activities. Excel’s built-in functions and features enable you to analyze financial data with ease. From calculating profits and losses to generating graphical representations of trends, Excel empowers you to gain insights into your business’s financial health. This can help you manage your inventory, predict demand, and make smarter decisions that drive growth.
With Excel being a widely-used tool, it’s accessible to many businesses. By leveraging its capabilities, you can uncover insights that propel your business forward. So, whether it’s tracking inventory or planning for the future, embracing analysis and accounting is key to unlocking your business’s full potential.

MAXIMIZE BUSINESS SUCCESS WITH FINAC ERP

Now what if we told you you can do accounting more easily by the single click of a button with FINAC Cloud ERP Solution! It effortlessly creates customized accounts for businesses, eliminating spreadsheet and receipt hassles while tracking finances and transactions seamlessly. With additional features like voucher creation and expense tracking, propel your business analysis and reach new heights effortlessly.

Read More
Glass Business

Customizable ERP Solution for Glass Business

Written by FINACNovember 10, 2022

There are many types of businesses in the world, and each one has different needs when it comes to software. A one-size-fits-all approach simply doesn’t work for most businesses, especially when it comes to something as important as an ERP system. This is why customized Glass Industry ERP Software is the best way to go.

An ERP system is a complex piece of software that helps businesses manage their operations, including inventory, finances, and manufacturing. A glass business has specific needs when it comes to managing these areas, and a customized ERP solution will take those needs into account.

For example, a glass business needs to be able to track inventory levels very closely. This is because even a small change in inventory levels can have a big impact on production. With a customized ERP solution, you can set up inventory alerts so that you’re always aware of what’s happening with your stock.

Another important area for a glass business is manufacturing. A customized ERP solution can help you track production data and ensure that your manufacturing process is running smoothly. This data can also be used to improve your manufacturing process over time.

A customized ERP solution will also give you the ability to track financial data closely. This is important for any business, but it’s especially important for a glass business. This data can help you make informed decisions about pricing, budgeting, and other financial matters.

Overall, a customized ERP solution is the best way to go for a glass business. It will take into account the specific needs of your business and help you optimize your operations.

Read More
Transaction
Uncategorized

Why choose customized ERP solution?

Written by FINACNovember 10, 2022

There are many reasons why a customized ERP solution is the best option for businesses. Here are some of the top reasons:

  1. A customized ERP solution is tailored to fit the specific needs of your business. This means that you will get all the features and functionality that you need, without any of the superfluous features that you don’t need. This results in a more efficient and effective ERP system.
  2. A customized ERP solution is more flexible than an off-the-shelf ERP system. This means that you can easily modify and change the system to fit your changing business needs.
  3. A customized ERP solution is more scalable than an off-the-shelf ERP system. This means that you can easily add on to the system as your business grows.
  4. A customized ERP solution is easier to use than an off-the-shelf ERP system. This is because the system is designed specifically for your business, so users will find it easy to navigate and use.
  5. A customized ERP solution is more cost-effective than an off-the-shelf ERP system. This is because you only pay for the features and functionality that you need, rather than paying for a system that has a lot of features that you’ll never use.

Overall, a customized ERP solution is the best option for businesses because it is tailored to fit the specific needs of the business, it is more flexible and scalable, it is easier to use, and it is more cost-effective.

Read More
sales-report
Garments

Custom ERP Software for Apparel & Fashion Industry

Written by FINACNovember 10, 2022

If you’re in the fashion industry, you know that time is money. A typical fashion cycle is short and there is little room for error. That’s where a custom ERP system can help.

An ERP system can help you manage your inventory, orders, and production more efficiently. It can give you real-time visibility into your business so you can make better decisions. And it can automate many of the tedious tasks that slow you down.

A custom ERP system can be tailored to your specific needs, so it will work the way you want it to. And it will grow with you as your business changes.

If you’re looking to streamline your fashion business, a custom ERP system/fashion inventory software is a great place to start.

Read More