Limerick ERP relies on efficient automation to drive the daily operations of businesses. These include Supply Chain Management, Inventory Management, Production Management, Plant Management, etc.
Systematically integrating tasks through connected modules in different sectors allows us to collect and sift through important data from internal and external sources Moreover, our expansive database is capable of handling and organizing business structures and massive levels of complicated information seamlessly.
Thus, with the help of Limerick ERP, your transactions will become much smoother, highly cost-effective, and successfully lucrative.
Limtech vendor management system accelerates the efficiency through their well-organized approach to vendor selection, few click onboarding, profile management, and maximize the accuracy of vendor assessment, selection and management.
The process of managing vendors involves several activities, such as:
Limtech Purchase Management system ease purchase planning through automated forecasting and cut the hassle of purchase and procurement system through automated RFQ, Comparative statement, Purchase order, Creating & Confirming GRN.
The process of Purchase management involves various activities, such as:
Limtech follows a very easy requisition process. Makes the production batch wise to keep it in order. Limtech PMS also follows FIFO/LIFO/Custom production mechanism, Batch costing, Batchwise wastage & yield reports, Unlimited & versatile recipes.
The process of Production management involves various activities, such as:
Limtech plant management system is a time-saving tool for management staff. It offers multiple plant management, Plant-wise production supervision and Plant-wise machinery management.
Here are some aspects of Plant Management
Manage RM PM plant-wise for RM PM deliveries to its selected plant location
The formulation module of an ERP allows manufacturers to create numerous formulas with countless versions, and manage them by recording, maintaining, retrieving or archiving them in a common database for future reference. This is the single-most important feature of this module, which lays the foundation for the manufacturing process.
Another important requisite for the formula and recipe-based manufacturers is to have a mechanism to protect their formulas, which usually are developed after intense research and hard-work. This can be done by ensuring that not everyone within the system has access to the formulas, and instead, the formula access and modification rights are limited to those who should have it. An intensive approval workflow makes this possible.
The formulas/recipes used in the process manufacturing businesses are often complex in nature. But that doesn’t deter the manufacturers from experimenting and developing quality formulas. ERP software’s R&D module offers secure recording of formulas, and allows intensive testing through multiple tests on experimental formulas. This effectively means that the manufacturers can carry out secure experimentation keeping the master formula safe at the same time.
The process manufacturers often feel the need to dynamically calculate certain overall properties of the formula, during its inception or with every change to the formula or say, after item substitution. Besides, they may even want to achieve the targeted physical, nutritional or specific characteristic, cost, potency, specific packaging, etc. of the formula which involves intricate calculations. An ERP’s R&D module automates this entire process, helping do “what-if” analysis to achieve the targeted values or cost.
Another important feature of an ERP software’s formulation module happens to be the in-depth analysis on cost, which supports deriving the cost of the new product. ERP, through the R&D module, allows performing granular-level accurate costing of product considering all the elements and different costing methods. Besides, it also allows ‘what-if ‘cost analysis to help manufacturers estimate profitable scenarios based on different assumptions.
Samples play a crucial role in process manufacturing. For they define what customer wants. Managing and costing these samples take a toll of manufacturers. But an ERP’s comprehensive sample management module enables innovating, creating, costing and tracking samples based on customer specifications while also keeping a record of all the communications.
Any good ERP software with a sound formulation management module has version control feature, which gives the process manufacturers the ability to track the changes that have been made to the formulas, and also the employee who made those changes. This eventually comes in handy for the manufacturers to meet a qualification during regulatory audits. Ask a formula/recipe-based manufacturer, and he will tell you how badly he wishes to have the ability to roll-back to the desired formula as and when required. A good ERP software’s formulation module makes this wish come true, with its formula roll-back feature. Besides allowing the manufacturer to go back to the previous formula anytime, it also makes their vast database quite manageable.
The formula comparison feature of an ERP’s formulation module allows comparison of multiple formulas in terms of their ingredients, labor, packaging, cost and other characteristics. This feature assists the process manufacturers when it comes to decision making with respect to the existing formulas.
The formulation module of an ERP provides a feature to substitute a material – which may be used in hundreds of formulas, and in multiple levels of formulas – across any chosen range of formulas. The feature allows the manufacturers to decide what percentage of the new material to the old is required, and also how they want to adjust the formula back to its original – whether by adjusting another ingredient alone or by sizing all materials proportionately to obtain the original weight or volume.
This feature of the formulation module allows the process manufacturers to size their formulas, both by weight and volume. The manufacturers need to specify the quantity of sizing the formula. This feature helps the manufacturers meet the customers’ varied requirements without needing long lead times.
Limtech warehouse management integrates the CW with all other warehouses in a line. A central to individual reporting and management system such as: Product transfer, return of product, Center wise invoicing, Damage of fresh FG return, Stock reports with breakdown which helps to improve this WMS.
Here are the key elements of fixed Warehouse Management:
Through Limtech DMS easy to create and manage every activity of distributor such as: Assigning base, area, region, depot or factory, activating or making inactive. One can easily check the whole life cycle of a distributor through different reports such as: Order & delivery history, Distributor ledger etc.
The process of managing Distributors involves various activities, such as:
Limtech ERP's new ERP software revolutionizes HRM, empowering clients with seamless and efficient management of their workforce. With features like comprehensive employee profiles, real-time attendance tracking, and automated payroll processing, businesses can streamline their HR operations and enhance productivity. Additionally, the software offers robust modules for leave management, licensing, policy enforcement, and asset tracking, providing clients with a holistic solution for optimizing human resource management and maximizing organizational success.
Limtech ERP's new ERP software promises immense benefits to clients through its licensing model. By adopting this software, clients can easily get reminders of all important licensing both issues newly or renewal.
Limtech ERP's cutting-edge software is poised to revolutionize the business landscape, providing clients with a multitude of benefits. With comprehensive policies and state-of-the-art facilities, this ERP solution empowers clients to streamline operations, enhance productivity, and achieve unprecedented levels of efficiency, setting them on the path to success in today's competitive market.
The new Limtech ERP software offers robust asset management capabilities, enabling clients to effectively track and optimize their assets. With streamlined processes, real-time data visibility, and powerful analytics, clients can make informed decisions, maximize asset utilization, reduce maintenance costs, and enhance overall operational efficiency.
Limtech ERP software offers a robust Personal Information Management feature, empowering clients to efficiently and securely manage and organize their personal data, ensuring data privacy and compliance while streamlining administrative tasks, ultimately saving time and enhancing productivity.
Limtech ERP software offers attendance and time management features, enabling clients to streamline employee tracking, optimize resource allocation, and improve productivity while reducing administrative burdens and ensuring accurate payroll calculations. With real-time attendance data and automated time tracking, clients can effortlessly monitor employee attendance, manage leaves, and generate comprehensive reports, leading to increased efficiency and cost savings in workforce management.
Limtech ERP software offers vigorous leave and roster management features, enabling clients to streamline employee scheduling, track attendance, and efficiently manage leave requests, leading to enhanced workforce productivity and optimized resource allocation. With automated leave and roster management, clients can eliminate manual processes, reduce administrative burden, and ensure accurate and efficient tracking of employee time-off, resulting in improved employee satisfaction and better compliance with labor regulations
With Limtech ERP software, clients can enjoy streamlined payroll management, ensuring accurate and efficient processing of employee salaries, taxes, and deductions. This feature saves valuable time, reduces errors, and promotes compliance with labor regulations, resulting in improved productivity and cost savings for businesses.
With Limtech ERP software, clients can streamline their recruitment process management, efficiently tracking and organizing candidate profiles, job postings, and interview schedules. This comprehensive system enables clients to save time, improve candidate selection, and enhance overall recruitment effectiveness, leading to higher-quality hires and increased productivity.
With our ERP software, clients can streamline performance appraisal processes, enabling them to assess employee performance more efficiently and accurately. They can easily track key metrics, provide timely feedback, and make informed decisions to optimize their workforce's productivity and development.
With the Employee Self-Service feature of Limtech ERP software, clients can empower their employees to easily access and manage personal information, submit leave requests, and access company policies, leading to streamlined HR processes, increased employee satisfaction, and reduced administrative burdens.
Limtech ERP software ensures improved client benefit through streamlined operations and enhanced productivity, enabling efficient tracking and enforcement of disciplinary actions to maintain a disciplined and organized work environment.
Limtech ERP Financial Management system is a comprehensive software solution designed to streamline and automate financial operations within an organization. It offers a range of modules and features to effectively manage various financial processes, including accounting, budgeting, invoicing, financial reporting, and more. Limtech ERP Financial Management system, businesses can track their financial transactions, generate accurate financial statements, and gain real-time visibility into their financial performance.
One of the key advantages of Limtech ERP Financial Management system is its ability to integrate with other modules and systems within the organization, such as inventory management, sales, and purchasing. This integration ensures seamless data flow and enables better decision-making by providing a holistic view of the organization's financial health.
The system also offers robust reporting and analysis capabilities, allowing users to create customized financial reports, perform variance analysis, and monitor key performance indicators (KPIs). This helps organizations track their financial goals, identify trends, and make informed strategic decisions.
Overall, Limtech ERP Financial Management system offers a comprehensive suite of tools and functionalities to effectively manage and optimize financial operations, improving efficiency, accuracy, and control for organizations of all sizes and industries.
Limtech ERP offers a comprehensive profit tracking feature to help businesses monitor and analyze their financial performance. This functionality allows users to track and assess the profitability of different aspects of their operations. Here are some key aspects of profit tracking in
Ledger management refers to the process of effectively managing financial ledgers within an organization. A ledger is a record-keeping system that tracks and summarizes financial transactions, including income, expenses, assets, and liabilities. Proper management of ledgers is essential for maintaining accurate and up-to-date financial records, ensuring compliance with regulatory requirements, and enabling effective decision-making.
Here are some key aspects of ledger management:
Accounts Payable is a term used in accounting to refer to the amount of money a company owes to its suppliers or vendors for goods or services received on credit. It represents the company's short-term liabilities. When a company receives goods or services on credit, it is essentially creating an account payable to the supplier. Accounts Payable is recorded as a liability on the company's balance sheet. It falls under the current liabilities category because it represents debts that are expected to be paid within a relatively short period, usually within one year.
The process of managing accounts payable involves
various activities, such as:
Effective management of accounts payable is essential for maintaining healthy cash flow and vendor relationships. It involves timely payment to suppliers to avoid late payment penalties while ensuring that the company has sufficient funds to meet its other financial obligations. Accounting software and systems are commonly used to streamline and automate the accounts payable process, reducing manual efforts and improving accuracy. These systems often provide features such as invoice scanning, approval workflows, and integration with banking systems to facilitate efficient payment processing.
The process of managing accounts receivable involves several activities, including:
Limtech ERP offers a comprehensive profit tracking feature to help businesses monitor and analyze their financial performance. This functionality allows users to track and assess the profitability of different aspects of their operations. Here are some
key aspects of profit tracking in Limtech ERP:
Risk management is the process of identifying, assessing, and prioritizing risks, and implementing strategies to mitigate or manage those risks effectively. It involves identifying potential threats or uncertainties that could impact an organization's objectives, projects, or operations, and taking steps to minimize their negative impact or exploit potential opportunities.
Here are the key steps involved in risk management:
Tax management refers to the process of planning, organizing, and controlling an individual's or organization's tax obligations in a strategic and efficient manner. The goal of tax management is to minimize tax liabilities while ensuring compliance with applicable tax laws and regulations. Effective tax management can help individuals and businesses optimize their financial resources and maximize their after-tax income or profits.
Here are some key aspects of tax management:
Limtech ERP Accounting Management System is a comprehensive software solution designed to streamline and automate accounting processes within an organization. It offers a range of features and modules that facilitate financial management, reporting, and analysis. Limtech ERP Accounting Management System aims to enhance financial visibility, improve accuracy, and streamline accounting processes for organizations of varying sizes and industries. It enables better financial control, decision-making, and regulatory compliance, ultimately contributing to improved financial performance.
Managing the chart of accounts is an essential aspect of financial management for businesses. The chart of accounts is a structured list of all the accounts used to record financial transactions in an organization. It serves as a foundation for accurate bookkeeping, financial reporting, and analysis. Here are some steps to effectively manage the chart of accounts:
By following these steps, you can effectively manage your chart of accounts, ensuring accurate financial reporting and analysis. A well-organized and maintained chart of accounts provides a solid foundation for sound financial management and decision-making within your organization. Managing subsidiary ledgers is an important aspect of accounting and financial management, especially for organizations with large volumes of transactions or complex operations. Subsidiary ledgers are detailed records that support the general ledger and provide more specific information about individual accounts. Here are some steps to effectively manage subsidiary ledgers:
Managing journals, vouchers, and contra entries is an important part of the accounting process. These components play a crucial role in recording financial transactions accurately and maintaining the integrity of the accounting system. Here's a guide on how to effectively manage journals, vouchers, and contra entries:
· An aged receivable balance refers to the outstanding amount of money owed to a business or organization by its customers or clients. It represents the total value of unpaid invoices or accounts receivable that are due from customers at a specific point in time.
· The aged receivable balance is typically categorized based on the length of time the receivables have been outstanding. This classification helps assess the creditworthiness of customers and identifies potential risks of bad debts. The most common age classifications are:
Advanced customer statements typically refer to a more detailed and comprehensive version of traditional customer statements. These advanced statements aim to provide customers with a deeper understanding of their financial transactions, account activity, and other relevant information. Here are some elements that can be included in advanced customer statements:
Controlling supplier bills refers to the process of managing and overseeing the payment of invoices and bills received from suppliers. Effective control over supplier bills helps businesses ensure accurate and timely payments while minimizing errors, fraud, and unnecessary expenses. Here are some steps and practices to help control supplier bills:
Bill digitalization, also known as electronic bill presentment and payment (EBPP), refers to the process of converting traditional paper-based bills and invoices into electronic formats for delivery and payment purposes. It involves leveraging digital technologies to streamline billing processes, enhance customer convenience, and reduce reliance on physical documents. Here are some key aspects and benefits of bill digitalization:
Base budget estimates in an ERP system refer to the initial projected budget figures that are set for various departments or cost centers within an organization. These estimates are typically entered into the ERP system at the beginning of a financial period and serve as the starting point for budget planning and management. Analysis to compare actual spending with the estimated budget.
Base budget estimates in an Enterprise Resource Planning (ERP) system refer to the initial projections or forecasts of financial resources allocated for various activities and departments within an organization. These estimates serve as a starting point for budget planning and are typically entered into the ERP system to provide a framework for tracking and managing expenditures.
When creating base budget estimates in an ERP system, several factors are typically taken into account, including:
Base budget changes refer to modifications made to the initial budget estimates in an ERP system. These changes can occur for various reasons, such as new information, shifting business priorities, or changes in the external environment. Here are some common types of base budget changes:
Order management refers to the process of efficiently and effectively managing customer orders from the initial placement to fulfillment and delivery. It involves various tasks and activities to ensure that orders are processed accurately, products or services are delivered on time, and customer satisfaction is maintained.
To create a primary order, you typically follow a set of steps in an order management system or software. Here's a general outline of the process:
To receive payment for an order, you typically follow a series of steps to ensure a smooth and secure transaction. Here's a general outline of the process:
To view a list of pending payments, you would typically need access to your organization's financial or accounting system. The exact steps may vary depending on the system you use, but here's a general outline of how you can view a pending payment list:
To view a list of pending deliveries, you typically need access to your organization's order management or logistics system. Here's a general outline of how you can view a pending delivery list:
"Fresh FG return" typically refers to the return of fresh finished goods (FG) to the supplier or manufacturer. It can occur for various reasons, such as quality issues, damaged products, expired goods, or incorrect orders.
When a fresh FG return is necessary, the following steps are commonly involved:
Damage FG return refers to the process of returning damaged finished goods (FG) to the supplier or manufacturer. When goods are received in a damaged condition, whether due to manufacturing defects, mishandling during shipping, or other reasons, it may be necessary to initiate a return to address the issue. Here are the typical steps involved in a damage FG return:
Sales Officer (SO) wise incentive calculation is a process used to determine the incentives or bonuses earned by sales officers based on their individual sales performance. The specific method and criteria for calculating incentives may vary between organizations, but here's a general outline of how it is typically done:
Distributor-wise commission calculation systems are used to determine the commissions earned by distributors based on their sales performance. The specific method and criteria for calculating commissions may vary between organizations, but here's a general outline of how it is typically done:
An auto journal for invoice confirmation refers to an automated process that generates accounting journal entries upon the confirmation of an invoice. This process helps streamline the accounting workflow by automatically recording the necessary financial transactions in the organization's general ledger. Here's an overview of how an auto journal for invoice confirmation can work:
A depot-wise sales report provides an overview of sales performance for each depot or sales location within an organization. It helps track sales activity, monitor trends, and analyze the performance of individual depots. Here's an outline of the key components typically included in a depot-wise sales report:
A depot-wise delivery report provides an overview of delivery performance for each depot or distribution center within an organization. It helps track the efficiency and accuracy of deliveries, monitor timelines, and analyze the performance of individual depots. Here's an outline of the key components typically included in a depot-wise delivery report:
A trade offer management system is a software solution or platform designed to streamline and automate the process of managing trade offers or promotions between businesses. It helps facilitate the creation, execution, tracking, and analysis of trade offers, making it easier for companies to manage their trade promotions effectively. Here are some key features and functionalities typically found in a trade offer management system:
A party payable or receivable report provides an overview of the outstanding payments owed by customers (party receivable report) or the outstanding payments owed to suppliers or vendors (party payable report). These reports are crucial for monitoring and managing accounts receivable and accounts payable, ensuring timely collection of receivables and managing cash flow. Here's an outline of the key components typically included in party payable or receivable reports:
A distributor and sales force-wise lifting report provides an overview of product liftings or sales performance for each distributor and sales force within an organization. It helps track the distribution and sales activities of products, monitor performance, and analyze the effectiveness of the sales force and distribution network. Here's an outline of the key components typically included in a distributor and sales force-wise lifting report:
Asset Life Cycle Management (ALM) refers to the strategic approach and processes involved in managing the entire life cycle of an organization's assets, from acquisition to disposal. It involves planning, acquisition, operation, maintenance, and disposal of assets in a way that maximizes their value, minimizes costs, and ensures optimal performance throughout their life cycle.
Asset management involves the strategic planning, acquisition, utilization, maintenance, and disposal of assets to achieve organizational goals. It aims to maximize the value and efficiency of assets throughout their life cycle. Key aspects of asset management include:
Asset accounting focuses on the financial aspects of assets and involves the recording, valuation, depreciation, and reporting of asset-related transactions. It ensures accurate and transparent financial reporting and compliance with accounting standards. Key elements of asset accounting include:
Asset tracking refers to the process of monitoring and managing the location, status, and movement of assets within an organization. It involves using various technologies, systems, and processes to track assets throughout their life cycle, from acquisition to disposal. The primary purpose of asset tracking is to improve operational efficiency, optimize asset utilization, prevent loss or theft, and enhance overall asset management.
Here are some key aspects and methods commonly used in asset tracking:
Asset Performance Management (APM) is a strategic approach and set of practices aimed at optimizing the performance, reliability, and efficiency of an organization's assets throughout their life cycle. It involves using data, analytics, and proactive maintenance strategies to maximize asset performance, reduce downtime, minimize costs, and improve overall operational efficiency.
Key components and practices of Asset Performance Management include:
Asset Transactions and Life Cycle Monitoring are crucial aspects of asset management, involving the tracking and monitoring of assets throughout their life cycle, including their acquisition, usage, maintenance, and disposal. These processes ensure accurate record-keeping, financial transparency, and informed decision-making regarding asset investments and utilization.
Asset transactions refer to the activities involved in acquiring, transferring, or disposing of assets within an organization. These transactions can include purchases, leases, sales, transfers, and retirements.
Key aspects of asset transactions include:
Life cycle monitoring involves tracking and monitoring the various stages of an asset's life cycle, from acquisition to disposal.
It includes activities such as:
Contract management refers to the process of creating, executing, and managing contracts between two or more parties. It involves various activities, including contract drafting, negotiation, implementation, tracking, and administration, to ensure that contractual obligations are fulfilled and risks are minimized. Effective contract management is essential for organizations to maximize the value of their contracts, mitigate legal and financial risks, and foster positive relationships with stakeholders.
Key components and practices of contract management include:
Material allocation refers to the process of assigning and distributing materials or resources to different projects, activities, or departments within an organization. It involves determining the quantity, type, and timing of materials needed, and then allocating them accordingly to ensure efficient utilization and meet project or operational requirements.
Key aspects of material allocations include:
Budget to disbursement system in Limtech ERP software refers to a process that helps manage and track the allocation and spending of funds according to a predefined budget. This system allows organizations to monitor their expenses, control costs, and ensure that expenditures align with the approved budget. Here's a general overview of how a budget to disbursement system works within an ERP:
Execution of finance planning involves implementing the strategies and actions identified during the financial planning process. Here are the key steps involved in executing finance planning:
The VAT and tax module in Limtech ERP can be used by businesses of all sizes, in any industry. The module is easy to use and can be customized to meet the specific needs of each business. To use the VAT and tax module in Limtech ERP, businesses must first register for VAT. Once registered, businesses can begin tracking their VAT liabilities. The module automatically calculates VAT on all sales and purchases. Businesses can also manually enter VAT transactions.