Take control of your business

Posted on:

5th July, 2017

Aleksandar Djokic on 'Take control of your business'

Posted on: 5th July, 2017

ERP solutions have always stood for crème de la crème in software development since they encompass a large number of heterogeneous components of an IT ecosystem.

Although ERP solutions are among the oldest and most complex software market participants, ERP vendors are constantly working on improvement, so that ERP software becomes more powerful, more flexible and easy to use and deploy, with affordable prices. Today, the implementation of a good quality ERP solution is a prerequisite and a means to make a company the leader.

These are the key features on which F-leader has been developed - the powerful ERP system of FSD company from Novi Sad. ERP F-leader is now a well-known name in the ERP world with over 100 implementations in Serbia and the region, but also in the demanding markets such as in the countries of Western Europe, above all: Switzerland, Austria and Germany. Business areas of the companies using F-leader are trade, agriculture, car industry and others. F-leader has been among the first to follow all the most significant trends in the world market of ERP solutions. Among other things, F-leader has been one of the first ERP systems in the region.

SaaS and hybrid models

Given the complexity in all the stages of development and implementation, traditionally, the model implies that ERP solutions are installed on a company's servers, which implies that companies are responsible for hardware infrastructure, maintenance, data storage, and the like. In the software as a service model, applications are stored on the hardware and software infrastructure of cloud computing. Simply put, ERP services today can be used in the same way as Gmail. This brings for the companies a number of benefits, out of which the most important are the following: cost reduction in different contexts, flexibility and high scalability.

F-leader can also be used in the traditional way, as software installed in the company, but also as a service by means of web or SaaS model. A higher percentage of F-leader implementations in the previous year was done according to the SaaS model. The special advantage is that F-leader can be applied in a hybrid model, which means that certain ERP services and modules are delivered in a traditional way, whereas a certain set of services is implemented as a SaaS model. This will be one of the key trends in the forthcoming period, as it provides the highest possible degree of flexibility for clients.

Managing large amounts of data, advanced analytics

Modern business involves managing large amounts of data from different sources. The digital transformation of all business processes involves generating huge quantities of data from different processes. Only companies that know how to use these data in the right way will be able to successfully put an end to the rat race on the market. While in traditional ERP solutions analytic services were primarily related to the analysis of financial and sales activities at the macro level, big data concepts enable companies to identify discrete changes and trends, manage inventory in real time, adjust prices at a micro level, etc.

One of the focuses in F-leader development over the past two years are the advanced decision and reporting services, which include elements of business intelligence, machine learning, and in addition to standard services, enable real-time and predictive analytics. F-leader analytics services are based on their own BI engine, which enables easy and fast operation in systems with several million products.

Integration of advanced IT concepts into ERP - Intelligent ERP

The omnipresence of advanced technologies has also had a significant impact on ERP solutions. The most important global ERP vendors include integrating IoT components, machine learning concepts, mobile applications and services, technologies such as GPS, RFID, NFC, Beacons, advanced WiFi, etc.

One of the implementations of F-leader in the retail chain has also included integration with the RFID-based inventory system, as well as, advanced systems of analytics in sales facilities, based on advanced positioning with the help of WiFi. Developers from FSD conduct special research in the field of application of IoT, big data analytics and advanced mobile technologies in ERP solutions in cooperation with the Department of Electronic Business at the Faculty of Organizational Sciences, University of Belgrade.

What people in FSD specifically point out when it comes to their ERP solution is the use of the latest and advanced open source technologies in all layers of technology: PHP Symfony 2; JS frames (Ember, Angular, Node), relational and non-relational databases, and others.

Aleksandar Djokic