DiracERP - DiracERP

Best ERP for Handicrafts Industry

The handicraft industry relies on artistic traditions that require complex production methods. The combination of worldwide market expansion and rising e-commerce has forced businesses to develop their operations for higher efficiency. A synchronised strategy should be implemented to regulate inventory management, supplier networks, and artisan resources, together with processing customer needs. The ERP for Handicrafts system demonstrates essential value in these situations. Enterprise resource planning (ERP) systems are carefully designed to enhance business efficiency, promote productivity, and maintain a competitive position in the market. This blog talks about the best ERP for handicrafts, including why it is needed and how to choose one. Why Does the Handicrafts Industry Require ERP? The ERP for Handicraft industry system improves business operations by coordinating production planning with inventory management, quality control and customer relationship tasks. Through coordinated department functions, the system minimises operational problems together with time delays. This section explains the essential advantages that an ERP system delivers to this particular sector. 1. Production Planning & Scheduling Making handicraft products requires business owners to perform numerous sequential manufacturing processes. An ERP system demonstrates efficient production planning abilities so businesses can complete orders according to schedule. An ERP system enables businesses to follow ongoing projects together with resource management to maintain continuous delivery of deadlines. 2. Inventory & Material Management The multiple raw materials, including wood fabric, and metals, along with ceramics, make inventory management very complex. Through real-time stock tracking capabilities, the right ERP solution allows handicraft businesses to prevent inventory shortages and excesses. An automated purchase ordering system for demand-driven procurement forms part of this optimisation process. 3. Procurement & Supply Chain Efficiency The handicraft industry requires continual delivery of raw materials to stay operational. ERP for Handicrafts maintains vendor profiles as well as purchase requisitions alongside supplier performance assessments to ensure delivery deadlines and cost management practices. 4. Quality Assurance & Compliance A business must preserve excellent product quality because it serves both customer happiness and protects its reputation. An ERP system conducts quality inspection procedures during all production phases to validate that products satisfy established product specifications. The built-in compliance management system enables companies to follow trade regulations as well as safety standards across international borders. 5. Sales & Customer Relationship Management (CRM) ERP solutions merge CRM modules to help businesses run effective customer relations management processes. By using ERP systems, businesses can process orders automatically as well as issue invoices and monitor sales information in real-time, which drives customer happiness. Businesses use data-driven insights to predict market demand, which they apply to their marketing strategies. 6. Product Customisation & Price Management The product line of handicraft businesses includes customisation for individual customer needs. The system enables customised order tracking and price automation by considering material expenses and production costs. 7. Financial & HR Management Businesses simplify their financial management as well as their employee activity tracking through ERP integration. The system performs payroll functions automatically while managing contractor payments through monitoring and generates instant financial data reporting to users. Such a configuration leads to efficient business operations, which in turn minimises administrative costs. DiracERP – The Best ERP for Handicrafts Industry The industry-specific ERP application that DiracERP provides offers powerful features that fulfil the particular requirements of handicraft companies. The system optimises all business processes through its features that cover artisan management, along with inventory control, production scheduling and financial tracking capabilities. It delivers full integration capabilities to its clients along with automated systems and real-time data access through its SAP platinum partner status. The system incorporates easy-to-use features that enable businesses to handle customer-specific orders, maintain quality standards, and optimise supply chain activities. How to Choose the Right ERP for Your Handicraft Business The selection process for an ERP system should include factors like: The ERP for Handicraft industry should consist of essential elements for handcraft manufacturers that support artisan tracking functions and order customisation procedures, together with quality inspection capabilities. Your choice of ERP system should have integration capabilities that integrate with eCommerce platforms alongside accounting software, as well as logistics partners. A user-friendly interface with an intuitive design makes it easier for artisans, along with employees, to accept the system. Organisations can benefit from ERP solutions through cloud computing since they obtain flexibility together with remote access while requiring minimal initial investment. The system needs to accommodate business expansion and adjust to the changing needs of the organisation. Transforming the Handicraft Industry with DiracERP The handicrafts industry demands specialised ERP solutions specifically designed to address its particular business problems. DiracERP delivers an optimised ERP solution, especially for production efficiency enhancement, inventory optimisation, and financial management improvement. With DiracERP, your handicraft business, no matter how big or small, can establish operations optimisation leading to maximal profitability.

Top 5 ERP Software Companies in India

ERP

ERP software, which is also called Enterprise Resource Planning, helps businesses manage their operations effectively. The recent complications of business operations have made an ERP software company essential for any type of business. It does not matter if the company is small or large; ERP software is known to help effectively provide tailored solutions. In India, multiple businesses are coming into play that demand services from exceptional ERP companies. Let us see more about the five ERP companies that stand out in delivering customised solutions for any business size. 5 Best ERP Software Companies in India The rising demand for ERP systems has led to the growth of multiple ERP companies in India that can cater to business and industrial needs. Some of the best ERP for small business, and even for large businesses, available for use are as follows: 1. DiracERP DiracERP has over 15 years of experience in developing and implementing ERP solutions for businesses. Being one of the best ERPs for small and large businesses, the company provides world-class ERP solutions. Each of their solutions is perfected and customised as per the demands of the businesses, like: Supply Chain Manufacturing Service segment-based customisations Popular solutions available for the businesses include the handicraft industry, furniture industry, and perfumery. This is one of the best ERP software companies that provide solutions that their clients need. Additionally, the DiracERP provides a cost-effective solution for businesses, with a suite of integrations and features available, like: Odoo integration Customisation of ERP Consultancy Solutions Improving supply chain management Customer Relationship Management Accounting and Finance (includes Payroll) Therefore, if you want a power-packed ERP solution for your business, DiracERP is the best option for you in India. 2. Oracle Oracle is the second-best ERP company in India, and it has popular products like Oracle. Due to its functional and operational capabilities, Net Suite has a wide reach in India. This is a relatively popular cloud-based ERP solution that can handle most of the functions of an organisation. Let us see some of the key features of the Net Suite; they are as follows: Cloud-based ERP solution that helps you access data from anywhere in the world Integration of comprehensive modules starting from financial, inventory, and order management are available Net Suite also provides advanced analytical features to ensure that operations are going smoothly With a lot of customer testimonials available online, it is also one of the best ERP solutions available online. 3. SAP ERP SAP ERP is one of India’s largest ERP solutions developers, with integrated solutions that are fit for any company. The SAP ERP also presents interactive functionalities that are perfectly aligned with the business solutions. Many features that make SAP ERP one of the best solutions are as follows: Integrated solutions for composite functions that allow the flow of data from one department to another in business Advanced analytics and reporting features are also available to enable the smooth functioning of business operations Customisable modules are also available to suit specific requirements faced by the business from time to time Several large organisations are now known to have standardised SAP ERP solutions to improve efficiency and performance as well. Therefore, this is one of the best ERP solutions available for business. 4. Deltek Vision Deltek Vision is one of the crucial ERP software companies in India that has recently become popular. The module derived by the company is important for addressing specific business activities, such as: Specific project-based modules for project management and resource planning, as well as focusing on financial and professional services needed by the firms. Real-time data analytics also play a crucial role in organisation management, as provided by Deltek Vision. Scalability is an important feature of Deltek Vision, and they have made a system that is designed to adapt to the rising business complexities efficiently. Deltek Vision is one of the best project management software, and it helps organisations manage financial health. 5. Ramco ERP Ramco ERP is an enterprise resource planning system that offers some of the best experiences as well. The ERP is very well managed, and its functionalities are balanced due to SaaS-based development. Technological approaches included inside the Ramco ERP are as follows: Artificial Intelligence Solutions Machine Learning Now, let us see some of the aspects of the Ramco ERP below: AI and ML integration to allow deep data analysis and create forecasts, automate processes, and aid in better decision-making. Ramco ERP also has a mobile-first approach, which means the accessibility of the systems from anywhere. Apart from that, the Ramco ERP helps businesses provide end-to-end solutions. How to Choose the Best ERP Solutions? The best ERP software company will always provide the following: Cost-effectiveness Improved scalability Customisation options Support services (24/7) Therefore, choosing a company like DiracERP helps you get the best solutions at an affordable price range. Wrapping Up! The choice of the best ERP system can revolutionise the way they operate and grow. For young firms, choosing the best ERP for small business becomes vital to enable the smooth running of day-to-day business operations. Assess your business requirements, research properly, and pick an answer suitable to your mission. With the right ERP solution, Indian companies can improve productivity, contain operational expenditures, and maintain competitiveness in the current fast-paced business landscape.

Portrait of Chainika Singhal, COO of DiracERP, promoting women in tech leadership

India needs more women in technology leadership says Chainika Singhal

Women COO

Tech Leadership for Women Women constitute about 34% of India’s workforce. Often, women are limited to what counts as “pink jobs”, which, by default, society has assigned to women, such as nursing and caregiving. Only 7% of top Indian executives are women. In a social experiment participated by children, the cue word manager reminded them of a man in a suit, not a woman. This shows how many girls would have snuffed their dream of being a coder or a technology innovator even before the dream turned into fruition. Mrs. Chainika Singhal’s vision is to change this perception. Coming from a humble background, Chainika was focused on making it big in technology. Her degree and master’s in computer science prepared her skills, but her enthusiasm and vision helped her to not just survive but thrive in the highly competitive world of software technology. She has completed over a decade as Chief Operating Officer and co-founder of DiracERP and has led product development and business management from the front Why We Need More Women in Tech? Diversity, equity, and inclusivity are no longer catchphrases for companies on their career page; the movement and the response are quite real. Companies cannot simply avoid women and gender minorities in the workforce while catering to a clientele that includes them. Mrs. Singhal, who was a professor, took up the entrepreneurial journey after reflecting heavily on this disparity. She wanted to cater to industries like handicrafts, perfumes, and textiles, which employ women largely. She knew that as a woman, she could connect to the industry’s roots much better. She also noticed a pattern of exceptionally gifted women who excelled in school and academics, slowly fading into the background when it came to professional growth. Burdened by family and societal pressure, their skills are never honed, and they are asked to take up the easy jobs so they can “balance family and work.” She wanted to employ more women and help them realise their true potential. Women leaders like Chainika bring in passion and grit that can change the course of the industry. Their instincts are sharp and business-oriented. An opportunity to showcase their skill is all they ask for, and Chainika and hr team are ready to provide the same. Coding With The Sharks Women in engineering jobs are about 35%, though about 45% of engineering seats are taken by women. However, the core engineering jobs are quite disproportionate where only 26% of women are in core activities like coding. For Chainika, this number was disturbing. Coding is often considered a man’s job because it includes a lot of logic and reasoning – an area traditionalists would argue that men are better at because women have their empathy side stronger than their reasoning. Chainika worked on her coding skills and focused on the latest programming languages. Her expertise in Python was crucial in developing the product array of DiracERP. Chainika strongly advocates for more girls to turn to coding, as it is a field with broad possibilities and career growth, even in the era of AI. What made Chainika the tech leader she is today? Chainika is vocal about a few things. If you are a female aspiring to be in technology and progress to leadership, she would suggest you be at the top of your skill set. Take projects, consult, freelance – whatever you do, keep your skills polished and updated. She herself started her journey in the ERP sector with tech consultancy. Next is the mindset to take risks and refuse to bow down to failures. She recommends learning from your setbacks and creating something on your own. Be creative and stay grounded. Her entrepreneurial journey started with her desire to make a product that would outrun her competitors in the sector she focused on. Above all, stay strong and persist; your future awaits.

Top ERP Software Providers in India: Features & Industry Solutions

ERP

Enterprise Resource Planning, or ERP systems, is becoming very popular in current industries. Such ERP systems are helpful in streamlining operations and improving the productivity of the organisation as well. So, you can very well understand that a proper ERP system helps improve the functionality and efficiency of your company. Selecting the best ERP software company can significantly improve the allotment of tools and resources inside the organisation. This blog focuses on the features of the best ERP software companies and their solutions. Knowing the ERP Software The ERP software is known to integrate various business processes into a unified system. The system mentioned helps perform various tasks like allowing automation in key areas of business like: Finance Human Resources Supply Chain Inventory Customer Relationship Management Apart from that, an ERP software company offers unique scalability options that make it an excellent choice for businesses. Therefore, it is the best choice for both small and large businesses as well. Top Features Offered by the Best ERP Company The best ERP for small business or large business demands some key features that must be there inside them, like: Accounting and Financial Management An ERP software that makes a product that automates budgeting, invoicing, and financial reporting is deemed to be liked by bigger and smaller businesses. Therefore, with such accurate reporting and budgeting features, the chances of errors in the final yearly audits also decrease. Inventory Management The best ERP for small businesses or large businesses that are operating on product sales might need inventory management. Therefore, ERP software has inventory management as a core feature that helps track inventory levels, orders, and deliveries in real time. Customer Relationship Management ERP software is also known to ease the running of businesses, and it also enhances customer services and sales management. Human Resource Management The best ERP software also integrates employee management in a single software. Some of the features that are integrated into the software include employee management, payroll, and recruitment as well. Reporting and Analytics Feature Business performance is one of the important insights that an owner needs. The best ERP software provides that! They help with analysing the business performance and identify the places where there might be some kind of problems. Factors to Consider While Choosing the Best ERP Software Companies While you are looking for the perfect ERP solutions for your business, there is a need to consider the following: Industry-Specific Solutions The company you are tying up with must have specific solutions. Just understand that not all shoes fit you. Therefore, why hard-throttle your company with tools that do not perfectly fit the unique needs of your business? Opt for tailored solutions that ensure “YOUR” specific needs are addressed. Ease of Use You are not launching a rocket, and the ERP software dashboard must not look complicated as well. User-friendly interfaces and intuitive dashboards help improve productivity and do not create unnecessary complications. Customer Support (24/7 Availability) Consider you are having a normal day at business, and suddenly, a person reports about an issue in the system. If you are not able to report the problem immediately, a lot of errors will creep into the system. Therefore, reliable technical support and 24/7 availability are the best ways to address issues and have a smooth operation. If you want to have all such features, opt for DiracERP, a popular name in the industry for their ERP solutions. Their products, like MAVTRA, help with quality control, real-time inventory tracking, and quality control. Working of an ERP Software in a Particular Industry Take the example of the furniture industry. You are dealing with an inventory full of products like tables or sofas. A person coming to your website puts an order for a sofa (take this example), and as soon as it is placed, every department (Design, manufacturing, and sales) is notified of the entire order. Thanks to the end-to-end feature of ERP software, such notifications can easily be floated in your operations. Many furniture enthusiasts are interested in customised orders; the ERP software handles everything from product configurations to product scheduling. Did you realise? The whole operation was simplified without any need for manual intervention among departments. Additionally, inventory management, CRM, and financial management are also part of the tool as well. Final Words No matter what you want, the best ERP for a small business or a large ERP customised for a large business, it must WORK! The features of combining all the departments and helping in proper delivery of orders and financial/operational management easier. So, why the wait? If you need a professional ERP firm by your side, contact DiracERP today! They have ERP solutions for different industries, such as handicrafts, furniture, perfumes, and essential oils.

Rishabh Handicrafts' success story—how DiracERP helped them double production, optimize inventory, and grow revenue from ₹40 Cr to ₹200+ Cr, transforming their operations and global exports.

How Rishabh Handicrafts Tripled their Efficiency Using DiracERP

Success Stories

Rishabh Handicrafts – a leading furniture exporter from Jodhpur integrated DiracERP for their internal operations, 5 years ago. The company was looking forward to attaining scales by crossing industry hurdles. Now with the help of this product, they have doubled their number of production units from 3 to 6. The firm attained improved turnover which went from 40 cr to over 200 cr with improved stock efficiency and inventory management. Now the management focuses on strategy rather than dealing with operational hassles. The goods shipped from Rishabh Handicrafts manufacturing increased multifold with container numbers shot up from 20 to 150+ monthly. Rishabh Handicrafts has a long history of exporting furniture to multiple nations. They have always focused on providing quality products to the market while keeping the Indian handicraft sector alive. Since 2003, they have been supplying the world with wooden furniture that bears the unique signature of Indian craftsmanship. Their products have touched the shores of Europe, the Americas, and Australia, proving their mettle in competitive international markets. When the family business was transferred to Rishabh Chopra and Chirag Chopra, a new generation of entrepreneurs from Rishabh Handicrafts, they came with a vision to overhaul the business entirely. As time passed, they realized the power of technology and automation. For them, the old saying of not fixing what is not broken did not make sense anymore. With new leadership and vision, they were sure that advanced software for enterprise management was the way to go. What was the team looking for? When their team started looking for solutions, the very nature of their industry became a hurdle for them. In the handcraft furniture sector, scaling and starting new units is quite challenging, as unlike mass manufacturing, the level of human involvement and artistic effort is much higher. The process is not merely furniture creation, but an effort to create unique pieces. Boosting efficiency With increasing volume and production ambitions, the team needed a one-stop solution to track production, sales, and supply chain management. This will reduce the leaking of critical information through the back and forth of multiple channels and bring all the data into one place to make decision-making faster. Smart Inventory Management Their large range of products and varieties demanded airtight inventory management. To ensure suppliers know what is needed for optimal level manufacturing, the present inventory, inwards and outwards, had to be tracked. They wanted to cut down on dead stock and increase inventory turnover. Rishabh and the team knew that juggling between multiple spreadsheets was not going to be feasible if they wanted to increase their export numbers. Enhanced Sales and Boosting Customer Experience Having the right data with teams helped them forecast demand accurately. It also helped them sell better by thoroughly understanding the client and their market needs. Studying the pattern of clients helped them to reach out to a larger clientele and prioritize the leads for a smooth sales experience. Developing new products Tracking product life cycles and stages and understanding purchasing behavior were necessary to develop new products. This also is required to develop bestsellers that add more value to the business. What are DiracERP’s unique features that helped Rishabh Handicrafts? Mr. Rishabh & Chirag Chopra is all praise for how DiracERP solved their core doubts – how will a worker on the floor handle complex systems? Is it even feasible for the handicrafts furniture sector? Tailored to Industry Mr. Rishabh was astonished to discover that customizing it to the needs of the industry is one of the USPs of DiracERP that sets them apart. DiracERP is not a generic enterprise management tool. It has features developed specifically after studying industries like handicrafts, textiles, and furniture. This customization helped them tackle industry-specific challenges such as production hurdles due to the product’s nature, and create a seamless working environment. Ease of Learning Mr. Lakshman Das, founder of DiracERP assured the team that the system is so simple that every worker inside the system can easily tackle the learning curve. Starting from a watchman to floor supervisor, DiracERP is designed keeping user-friendliness in mind. So DiracERP does not remain a redundant technology for the employees. Making the system easy to learn and retain, improves user-stickiness. Mr. Rishabh states heartily that “now even inward of a pin from suppliers is through DiracERP and it has made every employee’s life easy.” Improved Order Processing The centralized system of DiracERP helped make order processing faster. By helping all involved stakeholders to be in one place, they had the opportunity to make informed decisions. ERP became the bible for managing vendors and creating orders that are now visible to all necessary stakeholders. Comprehensive financial module The finance module of DiracERP offers features such as double-entry bookkeeping, automated bank reconciliation, and multi-currency support, reducing time spent on routine tasks by the finance team. Now they can focus on building efficiency rather than using multiple sources to keep track of finances. Advanced warehouse management DiracERP offers multi-warehouse management provisions to improve the traceability of inventory. Rishabh Handicrafts operation team had their workload reduced and improved efficiency, enabling them to operate at a larger scale supporting exports. Technology is the game changer in a highly competitive world. DiracERP works closely with businesses to understand their needs and create a module that fits their use case. With over 10 years of understanding the handicrafts industry, DiracERP is flexible, efficient and helps businesses to discover new possibilities. Rishabh Handicrafts is one such story where a home-grown brand is now revolutionizing handicrafts exports across the globe with simple, easy-to-use technology.

An ERP system optimizing furniture industry operations, showcasing inventory management, production planning, supply chain integration, order processing, and financial management. The image features a modern furniture factory with workers assembling furniture, while a digital ERP dashboard displays stock levels, work orders, delivery schedules, and compliance tracking. The scene represents how ERP enhances efficiency, customer service, and business growth in the furniture sector.

Best ERP Software for Furniture Industry

ERP, Manufacturing Industry

Online shopping now demands consumers to receive smooth service combined with quick delivery along with personalised experience focused particularly on furniture requirements. Company success in today’s market requires solid business systems whose disciplined implementation produces better results. The implementation of enterprise resource planning (ERP) systems stands as one of the essential parts for businesses. The implementation of correctly chosen ERP for furniture industry solutions enables manufacturers along with retailers to optimise their operation processes while generating better inventory control, maximising production, and delivering improved customer satisfaction. What is an ERP System? ERP solutions are comprehensive software programs that unite all business procedures from inventory management through order processing to accounting and human resource management and customer relationship systems. An ERP system forms the operational foundation for furniture manufacturers and retailers to track operations at every point and maintain high-efficiency standards. The Need for ERP in the Furniture Industry The Furniture Industry requires ERP implementation because of the following. 1. Complex Inventory Management Organisations that produce furniture need wood along with fabrics and metal components in their production process. Managers face difficult challenges while tracking inventory across multiple warehouses, and they need to monitor stock levels. A complete ERP for furniture systems provides companies with the following capabilities: An integrated system allows businesses to track inventory movements instantly; thus, they can avoid issues with stockpile and deficiency. A system must automate quantity replenishment through the use of statistical sales data. The system should provide comprehensive material tracking capabilities and completed product tracking functionality. 2. Production Planning and Optimisation The production process of furniture includes an assortment of activities that begin with the purchase of materials and extend through the assembly process and completion of work. An ERP system streamlines these processes by: The production operation relies on planning schedules that integrate consumer request levels with available resources. The efficient management of work orders produces fewer operational hold-ups. The system allows users to obtain a continuous view of their production operations. 3. Seamless Supply Chain Management ERP Software for furniture systems that integrate well connect furniture manufacturers with their suppliers to handle business relationships, procurement processes, and logistics activities. With ERP, businesses can: Track supplier performance together with lead times as an essential method to guarantee material arrives on time. Companies can minimise procurement flaws through demand prediction and waste streamlining systems. Companies need better supplier cooperation to enhance cost performance. 4. Enhanced Order Management and Customer Service People who shop today require a seamless purchasing journey. An ERP system provides several order processing optimisation features, which include: The system performs automated work on order tracking in addition to invoicing functionality and delivery scheduling operations. A successful system manages complicated product specifications together with client-specific order requirements. The integration of customer relationship management (CRM) systems with the product will improve both customer communication and service quality. 5. Financial and Compliance Management Any business needs precise financial information reporting and absolute regulatory adherence for healthy operations. An ERP system ensures: Using automated platforms for tax calculation together with invoicing and financial reporting operations. Budget tracking and profitability analysis. Compliance with industry regulations and safety standards. Choosing the Right ERP for Your Furniture Business The achievement of successful furniture business operations requires selecting the perfect ERP system. Companies operating in the furniture business need ERP systems, which possess a few key components. Your organisation requires customisation tools to set up products with variant management features for handling personal requests. A suitable ERP solution should scale up to support expanding businesses that need management of multiple inventory locations and order processing required for business expansion. It should offer compatibility with design software for product visualisation. Another important factor is a user-friendly interface. Simplified navigation for non-technical users is essential. With cloud-based access gives users complete freedom to manage their operations from any location. Conclusion Choosing the optimal ERP for furniture industry enables business improvement through operation optimisation and efficiency enhancement, as well as better customer experiences. ERP system programs, when well executed, allow organisations to achieve manufacturing, inventory and supply chain excellence along with precise accounting and regulatory compliance. DiracERP Solutions is a top company with 15 years and more experience in ERP implementation and providing world-class Odoo-based open-source solutions. Our skills include service segments along with manufacturing and supply chains. This allows us to deliver tailored and effective solutions for businesses of all sizes. Contact us today to discover how our ERP solutions can transform your furniture business.

Ensure Perfume Quality with Lookovers Inspection Management Software 1 scaled DiracERP

Chainika Singhal : A Beacon of Women Empowerment in Tech

Women COO

A Girl with Limitless Dreams What all can a girl raised in a middle-class family in 90s Baraut, Baghpat, Uttar Pradesh, achieve? Much to your joy, Chainika Singhal would say she is limitless– she can even be the Chief Operating Officer in a complex ERP technology company catering to multiple industries. Ms. Chainika Singhal is a living proof. Growing up in a traditional Indian household, she always dreamt beyond what everyone around her thought was possible. She was passionate, curious, and creative – always trying to do her best and beat her best in the next. Going beyond the conventional expectations for a girl of her time, she completed her B.Tech and processes to ace her M.tech. A computer science degree opened up a new universe of tech progress and opportunities for her. India was on the tech-boom then and it seemed like an opportune moment to pursue the path of engineering and technology. She soon joined as a lecturer in VITS Ghaziabad. She found joy in teaching her students and learning new technologies. The job was fulfilling to an extent, but her calling to do something great was vehement. She was looking for something challenging, a chance to create a revolutionary tech product. She took a leap of faith and ventured into freelancing, starting with open-source ERP (now Odoo), working on the project design and delivery. This was the time for her technical knowledge to shine through. She worked extensively on learning the intricacies of ERP systems, project execution, and customer engagement. She was able to implement her academic learning in a more practical setup while building her professional network. To be an entrepreneur or build market-fit products, Chainika needed to understand the intricacies of business. She had the chance to attain that when, in 2015, she became a Techno-Functional Expert, managing project implementations and deliveries. She worked with multiple clients, honing her business and technological knowledge, delivering an impact that will create a ripple effect. When Chainika founded her company almost a decade ago, she knew the path was not going to be all roses. ERP systems are complex and require a lot of technological effort and expertise to be implemented with maximum operational efficiency. In the ERP industry, she focused on catering to industries like handicrafts, home essentials, textiles, perfumes, etc. These industries were ridden with a lot of legacy systems. They possessed large potential, but the complications were higher due to the sheer volume. Chainika analyzed the industry-specific needs in-depth to create a transformative solution that is not only efficient but cost-effective as well. She realised she had to create a product for business leaders to improve their strategy, leading to the creation of DiracERP. She took up the role of Chief Operating Officer (COO) to see through the success of the product and has remained in that position, leading the company from the front. She has delivered exceptional quality products and services to clients across the globe by promoting constant innovation and rigour in the company. Under her able leadership, DiracERP became one of the industrial standard ERP solutions widely used by over 250+ customers across the globe. Many brands like Basant, Rishab Handicraft, Vidhi Exports and others achieved 3x growth in their business. With Chainika’s guidance, many brands have discovered their true potential and continue a long-term association with DiracERP Solutions. Chainika’s story is a testament to sheer will, ambition, and drive to create constant technological innovation. Coming from a place where girls are not encouraged to take science and technology as their career choices, she defined the path for many girls who can only dream of a career in technology. Chainika has shown through her exemplary career path that more women in tech entrepreneurship are essential for a nation’s progress. Chainika is a beacon of hope and inspiration to many entrepreneurs, especially in Women Empowerment in Tech, encouraging them to go beyond what is expected of them. When you have dreams in your eyes and the will to work in your heart, building world-class products is possible. Her story tells you to take that chance, invest in yourself, and strive for greatness. The results will follow. possible. Her story tells you to take that chance, invest in yourself, and strive for greatness. The results will follow.

Financial Aging: A Key Tool for Effective Cash Flow and Collections Management

Finance & Accounting Module

Introduction Aging reports in a financial context refers to the process of categorizing and analyzing outstanding invoices and bills based on the length of time they have been overdue. This concept is crucial for managing accounts receivable and accounts payable, as it helps businesses track overdue accounts, manage cash flow, and make informed decisions about collections and payments. Key Aspects of Aging 1. Aging Reports: Accounts Receivable Aging Report:- Lists outstanding customer invoices by the length of time they’ve been overdue. Common categories include: 0-30 days 31-60 days 61-90 days Over 90 days Accounts Payable Aging Report: Similar to the receivables report but focused on outstanding vendor bills. It helps manage payments to suppliers and ensures bills are paid on time. 2. Aging Buckets: 3. Purpose of Aging: Track Overdue Accounts: Identifies overdue invoices or bills, prompting action on collections or payments. Manage Cash Flow: Offers insights into upcoming cash flow needs. Prioritize Actions: Allows businesses to focus on accounts or bills needing immediate attention based on how long they’ve been overdue. 4. Benefits of Aging Reports Improved Collections: Timely identification of overdue invoices helps reduce the risk of bad debts through proactive collection efforts. Vendor Management: Highlights overdue bills for better management of supplier relationships, ensuring timely payments. Financial Planning: Aids in budgeting and cash flow forecasting by providing a clear picture of outstanding amounts. 5. How Aging Reports are Used Generating Reports: Accounting software like Odoo can generate aging reports on demand. These reports can be customized based on specific periods or needs. Reviewing Reports: Businesses typically review these reports on a regular basis (e.g., monthly) to monitor outstanding amounts. Taking Action: Based on the report, businesses can send payment reminders, negotiate terms, or prioritize vendor payments. Example Scenario A company notices several customer invoices are overdue. After running an accounts receivable aging report, they can see which customers owe money and for how long. Invoices overdue for more than 90 days would be flagged for urgent follow-up. Similarly, overdue vendor bills might be prioritized for payment to avoid late fees or disruptions in supply. In summary, aging is a crucial financial tool that helps businesses manage their receivables and payables by providing insights into overdue amounts. This helps improve cash flow management, enhance collections, and optimize financial operations. At DiracERP Solution , we have implemented end to end accounting and finance at large organisations. For further information please connect with us at our website DiracERP.com or Call +91-8077-032513 +91-124-402-8674

Reverse Charge Mechanism (RCM) Explained: How Tax Responsibility Shifts to the Buyer

Understanding the Reverse Charge Mechanism (RCM): Shifting Tax Liability to the Buyer

Finance & Accounting Module

Introduction Reverse Charge Mechanism (RCM) is a concept in tax law where the responsibility to pay tax on a transaction shifts from the seller (supplier of goods or services) to the buyer (recipient of the goods or services). This is typically used in value-added tax (VAT) or goods and services tax (GST) systems. Direct RCM is not available in Odoo, DiracERP solution has developed the auto RCM module. This module will help you to manage the reverse tax entry in journals automatically. Key Points about RCM in Tax: 1. Applicability: RCM is usually applied in specific situations, such as transactions involving goods or services from unregistered suppliers, certain types of imports, or specified services. 2. Tax Liability: Under RCM, the buyer is responsible for paying the tax directly to the government, rather than the seller. This is different from the usual practice where the supplier collects the tax from the buyer and remits it to the government. 3. Compliance: The buyer has to ensure proper compliance with RCM rules, including maintaining accurate records and filing necessary returns. 4. Common Use Cases: In some countries, RCM is applied in sectors like construction, import of services, and transactions with unregistered entities. RCM is commonly seen in VAT/GST systems in various countries, including India and the European Union. User Guide Step 1 :- Intall RCM Module Step 2 :- Group Name :- RCM In GST Tax Step 3 :- Open Accounting – Purchase – Direct Bill Step 4 :- Apply Rcm Tax —tick Step 5 :- After Tick – Show RCM Tax and Select the Tax Type Step 6 :- After Apply Rcm Tax – Entry The bill line Step 7 :- Apply TDS Step 8 :- After Apply TDS and Bill Entry , Apply Validate Button Step 9 :- Finally RCM apply and showing Entries Conclusion Effective financial management is crucial for all businesses to stay ahead in today’s competitive market. To streamline your financial accounts processes, you can leverage advanced financial management software solutions like DiracERP’s Financial Management Software for better control and decision-making.

Best ERP Service for Manufacturing Industry

ERP, Manufacturing Industry

Introduction In the fast-paced world of manufacturing, efficiency, accuracy, and adaptability are key to staying competitive. The best ERP service for manufacturing industry can streamline operations, reduce costs, and boost productivity. DiracERP offers specialized ERP solutions tailored to meet these demands, helping businesses thrive in a complex and evolving market. Understanding ERP in Manufacturing Enterprise Resource Planning (ERP) is a software solution that integrates various business processes into a single system. For manufacturing companies, an ERP system can manage everything from supply chain operations to production planning, inventory control, and customer relationship management (CRM). The goal is to provide a unified platform where all departments can collaborate effectively, leading to improved efficiency and decision-making. Why Choose DiracERP for Your Manufacturing Needs? DiracERP stands out in the ERP landscape by offering tailored solutions that address the unique challenges faced by manufacturing companies. Here’s why DiracERP is the ideal partner for your manufacturing business: 1. Industry-Specific Modules DiracERP understands that no two manufacturing businesses are the same. That’s why we offer customizable modules designed to meet the specific needs of different manufacturing sectors, whether it’s automotive, electronics, textiles, or heavy machinery. 2. Streamlined Production Planning Efficient production planning is crucial for meeting deadlines and managing costs. With DiracERP, you can automate and optimize production schedules, ensuring that resources are used effectively and production runs smoothly. 3. Real-Time Inventory Management Avoid production delays and excess inventory with real-time inventory tracking. DiracERP’s inventory management system keeps you informed about stock levels, order statuses, and supplier lead times, allowing for better decision-making. 4. Quality Control and Compliance Maintaining high product quality and adhering to industry regulations is easier with DiracERP’s quality control module. Monitor production quality at every stage and ensure compliance with industry standards, reducing the risk of recalls and non-compliance penalties. DiracERP proudly launches LookOver, the best mobile application for quality control. 5. Data-Driven Decision Making In the manufacturing industry, data is gold. DiracERP provides powerful analytics and reporting tools that give you insights into every aspect of your operations, from production efficiency to financial performance. Make informed decisions that drive growth and profitability. 6. Scalability and Flexibility As your business grows, so do your needs. DiracERP is designed to scale with your business, offering flexibility to add new modules and functionalities as required. Whether you’re a small manufacturer or a large enterprise, DiracERP can grow with you. Case Study: Success Stories with DiracERP Several manufacturing companies have transformed their operations with DiracERP. For instance, For Read our Success Story Click Here. These companies saw significant improvements in efficiency, cost savings, and overall business performance. Implementation and Support DiracERP doesn’t just provide software; we partner with you through the entire Odoo implementation process. Our team of experts will work closely with your organization to ensure a smooth transition and provide ongoing support to maximize the benefits of your ERP system. Conclusion The manufacturing industry is evolving, and to stay ahead, you need tools that evolve with it. DiracERP offers comprehensive, industry-specific ERP solutions that can transform your manufacturing operations, leading to increased efficiency, better quality control, and greater profitability.

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