Best ERP Solution For Nigerian Businesses
Imagine being able to access all information, personnel, departments as well as analyzed data within your firm with just a few button clicks. Even more interesting, imagine how much more stress-less and successful work and your organization would be if a software solution was able to process these data and make sense of them for you – so you can clearly see assets and liabilities across your firm. I am more than certain you’d love to have a piece of an ERP software solution that shows you what is making money for you and what is not. I am even more certain that you’d appreciate a piece of software solution that helps you track attendance and punctuality at your firm effortlessly. If you saw this software, chances are that you’d grab it if it was available and within your jurisdiction.
Now, Imagine administering your day-to-day business activities without stress using the best ERP Solution available in the market. One with a smooth, centralized, automated and scalable software solution that was specifically customized to carter for all your business needs. Won’t that be nice?
Introducing…. CNX 247
CNX247 is a tested and trusted enterprise resource planning(ERP) software solution that helps you automate and profitably run your company. It is Africa’s best ERP solution that was designed for companies with operations in Africa and outside the continent.
It doesn’t matter if your business is large or small; there are more than enough benefits you’ll enjoy with CNX 247.
Stick with us if you are yet to really understand what an enterprise resource planning system (ERP) is and how it can make your company more profitable. Let’s take a little tour around defining ERPs just before we list out what you’ll benefit from all of this
Sign Up Below To Book a Demo where you and your team will experience first hand how much more profitable your company will be with CNX 247
What is ERP?
Enterprise resource planning (ERP) is a type of software that organizations can use to manage day-to-day business activities such as accounting, project management, acquisition, risk management and compliance, and supply chain operations.
A complete ERP suite also includes business performance management, budget, prediction software that helps plan and report an organization’s financial results.
ERP software ties together a host of business processes, thereby promoting the flow of data between them.
By collecting an organization’s shared data from various sources, ERP systems can eliminate data duplication and provide data integrity with a single source of truth.
Today, ERP systems are essential for managing thousands of businesses of all sizes and in all industries.
To these companies, ERP is as valuable as the electricity that keeps the lights on.
The enterprise resource software market (ERP) is growing exponentially as more companies get on board.
It is estimated that the ERP software market will be worth a whopping $71.63 billion by 2026, at a CAGR of 8.66% over the forecast period, according to MarketWatch.
Types of ERP Solutions
ERP systems are categorized in tiers based on the size and complexity of the company served. Typical tiers include:
Tier I ERPs:
These are mostly used in large, global companies and handle all internationalization issues, including currency, language, alphabet, postal code, accounting rules, etc.
They also support federal government agencies. These vendors support the differences in government accounting, HR, and procurement.
For decades, Oracle and SAP have been considered Tier I.
Microsoft and Infor are more recent competitors but are frequently categorized as Tier I.
Tier II ERPs:
These are used in large companies that may operate in multiple countries but lack global reach.
Tier II customers can be standalone entities or business units of a larger global company.
Most of these ERPs have some internationalization but lack Tier I reach. Tier II also supports government agencies but focuses more on state and local governments with a few federal installations.
Tier III ERPs:
This supports mid-tier businesses. Mostly handle a handful of languages and currencies but only a single alphabet.
Depending on how they are categorized, there are 75 to 100 Tier III ERP solutions.
Tier IV ERPs:
These are designed for small businesses or SMEs and often focus on accounting.
CNX247 provides all types of ERP from Tier I to Tier IV; we got you covered.
CNX247 Fundamentals
CNX 247 is designed around a single, defined data structure with a shared database. This makes sure that the information used across the system is normalized and grounded on common definitions and user experiences.
These primary constructs are then interconnected with business methods driven by workflows across business departments such as finance, engineering, marketing, human resources, operations, and works on connecting systems and the people who use them.
Basically, CNX247 is the tool for uniting people, technologies, and processes across a modern enterprise.
Let’s say, for example, a company that builds phones by acquiring parts and components from various suppliers.
The company can use our software to track the order and acquisition of these goods and ensure that each component across the entire procure-to-pay process uses uniform and clean data connected to the business workflows.
When CNX247 is properly deployed at this smartphone manufacturing company, a component, for example, “Antenna Switch,” is consistently identified by part name, material, size source, lot number, serial number, supplier part number, cost, and specification, along with a glut of other descriptive and data-driven items.
Since data is the lifeforce of every modern company, CNX247 makes it very easy to collect, analyze, organize and distribute this information to every individual and system that needs it.
CNX247 also ensures that these data fields and characteristics add up to the correct amount in the company’s general ledger to track and represent all costs accurately.
Instead of having multiple databases with an endless inventory of separated spreadsheets, CNX247 systems bring order to chaos so that all users—from the CEO to payable clerks—can create, use, and store the same data obtained through standard processes.
This helps make automation of your business easy.
With a secure and unified data source, everyone in the organization can be self-assured that data is accurate, up-to-date, and complete.
Data integrity is guaranteed for every task performed throughout the organization, without depending on error-prone spreadsheets.
You can even automate your entire business in just two days. CNX 247 is considered the best ERP software solution in the market because it is flexible and easy to onboard whilst almost often improving on the benefits corporations onboard enjoy. This means you can add and substract or plug in certain features unique to your firm and that will be done and delivered in a few days.
CNX247 is the ultimate and best erp solution for any business in Nigeria, be it SMEs or large corporations.
How does CNX247 work?
CNX 247 being one of Africa’s best ERP software solution is essential for optimizing and automating operations. it increases productivity via deadlines, automation of tasks which then frees up employees’ time to focus on more spontaneous tasks. These can lead to growth in revenue and efficiencies while improving communication across the company.
CNX247 software is exceptional because it touches all aspects of your business and can be customized and tailored to fit your unique business operations. It’s an end-to-end solution that features the following:
- Accounting
- Customer Relationship Management (CRM)
- File Management
- Inventory Management
- Human Resources Management
- Acquisition
- Analytics and Reporting
- Logistics
Asides large and medium sized corporations, CNX247 is perfect for SMEs in Nigeria because of the features highlighted above and some more within the solution. Any business can use CNX247, whether big or small. This software helps you get a better understanding of your customers and business prospects.
Implementation
Generally, three types of services are available to help execute such changes: consulting, customization, and support.
Implementation time entirely depends on business size, customization, number of modules, the scope of changes, and the readiness of the customer to take ownership of the project.
You can automate your entire business in just two days with CNX 247
Most successful ERP implementations are usually led by an executive who sponsors the business case, gets approval to proceed, monitors progress, removes roadblocks, chairs the steering committee, and captures the benefits.
CNX247 team works closely with this executive sponsor to ensure adequate attention is paid to integration with existing systems, data migration, and infrastructure upgrades. We also advise the executive on challenges and help the company transition smoothly.
Configuration
Configuring an ERP system is largely a matter of balancing how the organization wants the system to work with the way it was designed to work.
ERP systems typically include many settings that can change system operations.
For example, a business can pick the type of inventory accounting—FIFO or LIFO—to use and choose to either recognize profits by geographical unit, distribution channel, or product line and whether to pay for shipping costs on customer returns.
It all depends on the organizations and the goal they want to achieve.
Customization
CNX247 offers customers configuration options that let businesses incorporate their own business rules and make the best out of the software.
Customization is always optional, whereas the software must always be configured before use (e.g., setting up cost/profit center structures, purchase approval rules, organizational trees, etc.). The software is designed to handle several configurations and behaves predictably in any allowed configuration.
Configuration changes can survive upgrades to new software versions though they require retesting. Other customizations (e.g., those involving changes to fundamental data structures) are overwritten during upgrades and must be configured again.
Benefits of CNX247 ERP Solution
CNX247 system is an asset for many organizations. They make your business run smoother by unifying and protecting your information, producing easy-to-understand reports, and automating processes. Below are ten reasons why you should consider CNX247.
1. Focused IT Costs
Even if you think the software is costly, you can rest assured that you will get your money’s worth and more. CNX247 helps to unify your IT costs, thereby improving efficiency.
Instead of spending money on multiple systems that all need devoted staff, support teams, infrastructure, and licenses, you can focus all these costs on one system.
Using a single system also reduces training requirements for end-users since they only need to learn one system instead of interacting with several applications.
While CNX247 includes several functional areas such as customer resource management (CRM), HR management, accounting, and supply chain management, the system’s design is flexible. This allows you to use only the pieces that align with your needs.
2. Total Visibility
This feature of CNX247 is one of the most significant selling points for the software. CNX247 gives total access to every important process in your business by making data from every department readily available to you and your senior management.
The accessibility of all of your company’s information in one location allows for increased collaboration and more streamlined completion of tasks. This complete visibility offers clear workflows and enables inter-departmental processes to be effortlessly tracked with maximum efficiency.
3. Improved Reporting and Planning
Along with improved visibility, better insight is another plus of CNX247. Executing the CNX247 suite across departments means your organization has a single, unified reporting system for every process. By having a single source of truth, CNX247 can readily produce helpful reports and analytics at any time. This software allows you to analyze and compare functions across departments without the nuisance of multiple spreadsheets and emails.
One of the most common reports involves finances. Standard financial reports such as income and cash flow statements are generally built-in, and custom reports can be quickly created without IT intervention. These insights help organize planning by recognizing both operational strengths and problematic areas that need improvement, giving you the ability to make better-informed decisions grounded on trends and metrics.
4. Improved Efficiency
With reduced IT and training costs, CNX247 can reduce your workforce’s time and effort to carry out their daily activities. On average, CNX247 can cut down operational costs by 23% and overall administrative costs by 22%. That is a significant amount of savings over a period of time. When properly implemented, CNX247 can significantly reduce or eliminate repetitive manual processes, freeing up team members to focus on revenue-earning tasks.
The advanced functionality can manage business activities such as generating purchase orders, demand forecasting, and tracking products from manufacturing to delivery.
5. Customer Service
Your company’s clients also get benefits from CNX247, even if they don’t know it. Because client information is centralized and organized, your sales team will focus on building and sustaining customer relationships instead of maintaining spreadsheets.
At the end of the day, the one thing that keeps a business running is getting and keeping a customer. Thanks to the end-to-end tracking and insight offered by CNX247, you can provide better customer interaction. So, it doesn’t matter if you are a small business; with CNX247, you are sure to get the ultimate ERP solution.
6. Data Security and Quality
Another advantage of CNX247 is data security. And this is a very important subject to us; we ensure your data is safe and secure. After all, at the core of the ERP concept is data. Sharing data across functional silos such as customer service, marketing, sales, and business development improves collaboration throughout a company. And to protect this data from unauthorized access, CNX247 has intrinsic controls to ensure the security of your data.
Both our on-site and cloud-based ERP systems offer your organization a higher degree of security. The database system CNX247 software runs off of also enables centralized backups of your critical and sensitive data. This makes it more difficult for hackers to run test attacks like they would on a private server.
7. Enhance collaboration
CNX247 offers increased opportunities for collaboration. Data takes many forms in a modern business world, including documents, forms, files, audio and video, and emails. Oftentimes, each data medium has its own mechanism for supporting collaboration, but CNX247 addresses that issue by unifying all forms of data.
CNX247 provides a collaborative platform that lets employees spend more time collaborating on useful content rather than studying the learning curve of communicating in various formats across distributed systems.
8. Standardized Business Processes
CNX247 systems are developed according to industries best standards. This tried-and-true software brings major benefits to the table for businesses of all sizes. It also lets businesses choose their own methods and systems, which further enhances performance and productivity.
These processes deliver consistent results that allow you to improve how you operate your organization constantly. And because several functions are automated, errors and costs are significantly reduced.
9. Improved Supply Chain Management
For companies that deal with the moving of physical inventory and production, CNX247 can bolster supply chain management in numerous ways. This improvement results in more on-time deliveries, shortened lead times, and many other benefits that improve your business’s overall operation and success.
Through a well-designed platform, your supply chain can become better and more responsive utilizing inventory management, improved demand forecasting, procurement, and more. A smooth supply chain also simplifies manufacturing innovations, which can aid you in reducing costs and developing thrilling new products that give your business the competitive edge it needs to stay ahead.
10. Superior Scalability
To ensure the lasting success of your business, you have to keep an eye on the future. Businesses often fail to plan properly and experience serious challenges that pose severe roadblocks to whatever progress they were enjoying. Having a system in place that can gracefully and efficiently accommodate your business’s growth is of the greatest importance, and that is what the CNX247 system provides. CNX247 can gracefully support and adapt to any positive changes made in your company.
Whether you’re expanding your customer base, entering new markets, rolling out new processes, departments, or products, or are otherwise growing your business, adding new functionality to our ERP platform is easy.
With CNX247, we understand your business and prepare your business for daily success with a strong solution to manage your clients and deals, plan your team’s projects and tasks, and keep track of your organizational results.
There are more than 37.07 million SMEs in Nigeria. This number accounts for over 85% of the jobs in the nation. When you consider this, you see various reasons why small businesses should invest in our ERP software. We are one of the best ERP platforms out there.
SMEs are bound to enjoy so many benefits from our ERP software. This is because this software help in the daily management of businesses to attain maximum productivity.
We are in a time when the global business landscape is transforming due to constant changes and rising technologies. The impact of automation will free up leadership energies to focus outside the box. With customer experience becoming more free with their right to choose, create and customize. Businesses need to constantly keep upgrading themselves and embracing new technologies to satisfy the needs of their customers. What is cutting-edge today can be mainstream tomorrow.
To achieve the best result and keep updated with new technologies and automate your businesses through CNX247, contact us. We are always a button away from bringing you solutions. Sign Up below to schedule a demonstration now…
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