The Ministry of Corporate Affairs (MCA) mandates Indian companies to have accounting software with an audit trail feature. This ensures a detailed record of transactions, including additions and modifications, with information on dates, times, users, and previous values. Choosing software with this feature ensures regulatory compliance and benefits like monitoring user activity, traceability, and data integrity.
Cloud ERP’s true value lies in seamless integration with stakeholders, eliminating reliance on stand-alone systems. It offers real-time marketplace integration and enables cost-effective AI implementation, enhancing document processing, fraud detection, and business insights.
Cloud-based ERP solutions revolutionize SMEs and mid-sized organizations, offering cost-effective scalability, streamlined operations, enhanced accessibility, robust data security, and integration/customization options. This technology empowers businesses to optimize processes, enhance productivity, and drive growth.
The Order-to-Cash cycle starts with receiving a sales order executing the order and getting the payment against it. The sequence of events is as follows: Capturing the order along with the details of the items, quantities, rates, delivery terms, etc.
Multiple distribution channels, super stockists and CFAs need different controls, configurations, and GST compliances. Automation ensures accurate transactions, saving time and maintaining data integrity. Pricing definitions, batch tracking, and recall are crucial aspects addressed by Proteus Vision for an efficient pharmaceutical supply chain.
The company realized that it needed a very versatile inventory management system that allowed them to manage project-related inventory and allocate them to the project. Proteus Vision provided them with the necessary control from raising indents to acceptance of material and ensuring that all documentation was adhered to.
In the midst of the pandemic, remote work has transformed homes into multiple offices. This shift has slowed down operations and brought work to a standstill. A cloud-based ERP system offers integrated, paperless workflows and streamlined approvals, enabling seamless operations from anywhere.
A standard ERP solution supports accounting, finance areas, but they are unable to meet the needs of pharmaceutical companies when it comes to manufacturing, inventory, sales and purchasing… retro-fit and will never be “by design” approach.
Clients were very excited with the search feature… Until we met one of our customers… The attachment feature was ‘useless’ for him… The feedback was bounced to the product innovation team and they came out with ‘Remote Scan’ – an option that allows users to add an attachment seamlessly using his phone.
Recipe management and scaling of batches is very important in pharmaceutical manufacturing. How the recipe needs to be altered to compensate for a change in potency or any other specifications and its impact on the process should be inherently addressed by the ERP solution. When batch runs are scaled up or down, the batch quantity ranges and the production parameters do not necessarily follow a linear function.