ERP can be best explained as the managerial tool, which helps in the best utilization of the optimum synchronization of the 4Ms of the enterprise resources - Man, Money, Materials, and Machines. ERP differs from convention in that it takes a sweeping view - it is concerned more with processes than with transactions. ERP system considers a real process as consisting of a sequence of transactions where these transactions are not confined to functional boundaries.
The ERP system deals with the planning and optimum use of resources used in the business. The resources are finance, materials, manufacturing capacity and human resource. The ERP provides methodology of assessing the resource needs for a given business to achieve certain business objectives. It also helps to execute the strategies, plans, decisions, and actions in a time bound manner. Also provides a support system in the transaction processing, updating, and reporting across the functions. System design of the ERP is integrated with the features and functions providing an enterprise wide solution to handle all the process functionalities.
Every country has its own way of doing business as the legal environment. We are providing and continuously updating the product based on business practices in Macedonia, while using best global business practices covered and supported in our solution. Our ERP product is first on the market that is compatible with the IAS.