Faridabad, India (PressExposure) December 20, 2011 -- Third party vendors are providing ERP Cloud Computing resources. ERP on Cloud offers many convenient services to the retailers. This includes cost savings, flexibility, and enhanced accessibility.
Cloud computing is the next big thing on the retail business horizon. It offers advantage of using resources over the Internet Cloud thus providing cost benefits to the retailers. It does away with some of the common problems of using the traditional network. In a traditional retail setup, the IT infrastructure is maintained in-house. Third party vendors provide applications that implement business logic for ERP, CRM, POS etc. Theses applications are costly, and the annual maintenance contract makes the costlier. This coupled with the problem of network and power outages render them unsuitable in many cases. POS on cloud means that the POS application running on an Internet server is used. Third party vendors maintain the servers and other hardware. Since the server is shared, this means that the cost for individual retailers gets reduced. High quality service level agreements (SLAs) ensure that the desired service parameters are met.
Some of the features offered by Retail ERP on cloud include Reports and expanded dashboards, Processing of RMA, Inventory transfer management, CRM features that can be easily Expanded, Shipping Labels and Freight Estimation, automatic computation of Sales Tax, Integration of E-Commerce, and Tracking and Managing Fixed Assets. An important part of any ERP Cloud Retail Software is managing and tracking assets. (This feature is integrated with POS on cloud.) Cloud ERP tracks the movement of goods from the inventory to the retail store. It also includes feature to do depreciating calculations to maintain the margin on goods in wake of changing prices.
Some of the other features that you get under Retail Management Solution on cloud include:
implementing changes to Fixed Assets,
providing Asset Manipulation tools,
use of Multiple Depreciation Books,
Averaging Convention Depreciation,
User-Defined Depreciation Schedules
ERP Cloud Retail Software services also provide features for collection Of Depreciation Methods, Hierarchical Asset Association, Fixed Asset Classes For Rapid Grouping And Data Entry, Location Tracking And Audit Trails, and Creation Of Assets for AP Purchases. These services make ERP on cloud very useful.
Another useful feature provide by ERP on cloud is E-commerce integration. The integration services ensure that customers can use the online shopping services. This includes:
Order synchronization, and
Integrated account management
Good e-commerce integration means a perfect online shopping experience for the customers.
Computing sales and other taxes includes that taxes are taken care of automatically. These taxes are shown in the receipt. Changes in the sales tax need just a change in the entry in the database. Changes can be made to the ERP tool to include the any revisions made by the federal government.
Any Retail Management Solution on cloud services should necessary provide for Inventory Transfer Management. Some of the services that Retail ERP on cloud provide are securing and stream lining the process to move the inventory between warehouses and from the ware houses to the stores, eliminating shrinkage through enhanced auditing, tracking the transport movements and making accurate assessments of the transportation cost to minimize any extra expenditure.
Customer RMA processing is another key task offered by the ERP on cloud services. It includes providing enhanced customer warranty services, keeping track of the RMA orders, handling the exchange scenarios by managing the return and credit orders, checking return authorizations by setting and checking expiration dates, etc.
Cloud Computing is the next feature that is going to change the face of Retail business!