Vendor: ABAS Software AG
Release Date: 1980
51-1000 Employees
$5-100M Revenue
✅ Cloud
✅ On-Premise
4,000+
WHAT IS ABAS ERP?
ABAS ERP is software especially designed for manufacturers to provide an integrated solution to production, support purchasing, finance and accounting, and material and sales management. The main aim of the abas ERP is to support small and medium enterprises (SMEs) in manufacturing divisions. It mainly supports electronics, machinery, metal fabrication, and automotive manufacturing.
With the abas ERP integration of business management into a complete yet single application, users can increase productivity, save time, and increase efficiency. This solution connects all the functional modules to a centralized yet single database that reduces inefficiencies, automates data exchange, and saves time. Also, abas ERP comes with an alternative of core business applications, which includes everything from warehouse and production management to CRM and sales. So, being an ERP solution, abas ERP streamlines the transmission of transactions between business processes and departments to the central database. It also reduces manual data entry requirements and gives employees with an updated, single source of truth.
Moreover, abas ERP uses an innovative hybrid approach of product and platform that offers an empathic open-source ERP product with a customized platform in a single package. Thus, abas ERP is a flexible custom platform that can adapt and enhance each client's subtle processes. So, most of its customers seem to be happy with the system. And therefore, businesses can establish more productive yet collaborative workflows and processes by adapting diverse operations with a constructive and effective user interface (UI). Also, ABAS ERP offers a compelling APS module through which customers can access the data to meet their optimal production needs and plan and schedule their resources.
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MODULES & FEATURES
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PROS & CONS
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INDUSTRY FIT
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HISTORY
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DEPLOYMENT
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FAQ
Modules & Features List
The ABAS ERP solution offers robust modules and features, which include the following.
Financials and Accounting
With Abas Financial Accounting, small businesses, midsize, and even multinational corporations can meet their accounting needs. Regularly, it is reviewed and certified by Generally Accepted Accounting Principles (GAAP). With Abas ERP Financial Accounting, you can see every aspect of the company's value flow and data. This module offers the following.
- Accounts receivable and payable
- Fixed asset management
- Cash and credit management
- Banking and cash management
- General ledger
- Budgeting and forecasting
Moreover, Abas ERP financial accounting allows you to compare actual figures quickly. It is possible to manage outstanding invoices, including payments, direct debits, and reminders, by accessing the information about unpaid invoices with abas ERP.
Materials Management
With ABAS ERP, companies can manage and control all materials between production, customers, vendors, and warehouses. So, assuring the best possible stock levels, speeding up stock turnover, and keeping your business ready for delivery are all possible with Abas ERP.
Document Management
The document management system of ABAS ERP allows you to categorize and link all your documents, whether they are hard copies scanned or electronic copies.
Human Resources
Businesses can manage their human resources more efficiently and effectively with ABAS ERP's human resources module. The HR module of abas ERP includes the following features.
- Employee self-service,
- Support for employee onboarding,
- Benefits administration,
- Time and attendance, and
- Performance management.
Sales Planning & Forecasting Module
As part of ABAS ERP, sales’ planning is the basis for forecasting all future sales and requirements across the entire company. To forecast sales, sales planning plans for the availability of materials and resources. You need proven forecasting methods for planning sales and required quantities of finished products or subassemblies over the short, medium, and long term.
Project Management
The feature allows you to plan, process, and control all kinds of projects, whether you're working on one or multiple projects at the same time. Abas ERP project management helps ensure that all departments are informed about the project. It involves material management, production, cost accounting, sales, and purchasing.
Quality Management
Businesses can manage all aspects of quality assurance processes with ABAS ERP's quality management module, from inspection and testing to corrective and preventive actions. ABAS ERP quality management module offers features including defect tracking, quality control, quality audits, quality assurance, and quality control.
Sales and Order Management
ABAS ERP offers highly integrated sales control features to facilitate easy management of the complete sales process. This system supports all the processes from entering an opportunity to creating quotations, managing orders, and creating packing slips and invoices. As part of ABAS ERP's sales function, you can view current customer and business relationships and product sales data. You can maintain the best possible inventory levels by optimizing deliveries and keeping stock at the best possible levels.
ABAS ERP can accommodate the individual needs of many businesses when it comes to "order management." The system can map complex customer structures easily. In addition, the standard release version allows the transfer of order data via the Internet or EDI and the determination of prices according to customer requirements.
Pros & Cons
Pros:
Here are some of the pros of the abas ERP solution.
- It has a customizable interface so the users can customize the system according to their workflows and organizational goals.
- ABAS ERP offers an easy implementation. It gives a quick yet efficient experience to its users for implementing and deploying the application.
- ABAS ERP improves efficiency and facilitates financial operations.
- It comes with applications for each area of operations, so the users don't have to pick a feature or module to purchase as the system comes with everything.
- It gives actionable insight into the business and enhances visibility.
- Abas ERP allows users to log in from multiple locations same time.
- It comes with robust functions that enable customers to manage many business needs.
- ABAS ERP enables extensive project-based analysis of finance, revenues, utilization, and performance.
Cons:
- This solution is not available for on-premise deployment.
- One of the main disadvantages of FinancialForce ERP is that it can be difficult to migrate from an on-premise ERP system to the cloud-based system.
- Implementation process might take time.
- Like other ERP solutions, it’s not cost-effective solution. The subscription-based pricing model means that you will need to pay for all the features you use, even if you only use a small portion of them.
- Customization of FinancialForce ERP may require the help of a Salesforce consultant.
- The system can be complex to configure and customize, so you'll need to have a team of experienced IT professionals on hand to help you.
Industry Fit
FinancialForce applications help companies of all sizes around the world. From enterprise giant like Hewlett Packard Enterprise (HPE), Salesforce, Net Smart, Star leaf, University of Houston, IGX Global to small companies like Revolution group, White springs, IntraPay etc.
FinancialForce ERP help companies in many different industries including professional services, business services, high-tech, healthcare services, energy and oil, financial services, education, legal, manufacturing, public sector and government, consumer products, nonprofit, transportation, telecommunications, engineering and much more.
History
ABAS ERP was developed in 1980 by ABAS Software AG in Karlsruhe, Germany.
Deployment Options
FinancialForce develops ERP software for Force.com, which is built on the premier cloud computing platform, a Platform as a Service (PaaS) offering from Salesforce.com.
Frequently Asked Questions (FAQ)
How can FinancialForce ERP help my business?
FinancialForce ERP can help businesses streamline their financial and operational processes, improve visibility into their data, and make better decisions across the organization.
FinancialForce ERP can help your business in many ways, including:
- Automating and streamlining your financial and accounting processes.
- Providing real-time visibility into your financial status and performance.
- Helping managers in forecasting and budgeting for the future.
- Allowing you to customize your applications to fit your specific needs.
What are the main features of FinancialForce ERP?
FinancialForce ERP provides a complete set of financial management features, including accounting, budgeting, forecasting, and reporting. The solution also offers a comprehensive set of human resources management features, including employee self-service, time and attendance, and benefits administration.
Additionally, FinancialForce ERP includes supply chain management features such as inventory management, procurement, order management and customer relationship management (CRM).
What are the benefits of using FinancialForce ERP?
FinancialForce ERP provides a number of benefits for organizations, including the following: - Reduced IT costs: FinancialForce ERP is a cloud-based solution, which means there are no upfront hardware or software costs. Additionally, the solution is delivered as a service, so there are no maintenance or support costs.
- Increased flexibility
FinancialForce ERP is highly configurable and can be tailored to meet the specific needs of your organization.
- Improved visibility
FinancialForce ERP provides real-time visibility into business data, which helps organizations make better informed decisions.
- Enhanced collaboration
FinancialForce ERP promotes collaboration between different departments and helps organizations work more efficiently.
Is training required to use FinanciaForce ERP?
No, training is not required to use the software. The solution is designed to be user-friendly and easy to use. However, FinancialForce offers comprehensive training and support to help organization.
Is FinancialForce ERP easy to use?
Yes, it is easy to use. ERP solution specially designed for the business users and does not require any technical expertise, however FinancialForce support team is always there to help its customers 24x7.
Is FinancialForce ERP suitable for small businesses?
Yes, FinancialForce ERP is suitable for small businesses. The ERP solution is easy to use and fully customizable to meet the specific needs of your organization. Additionally, because of its scalability, it can grow with your business.
Can FinancialForce ERP be integrated with other systems?
Yes, FinancialForce ERP can be integrated with other systems,
This software can be integrated with various CRM and accounting solutions. Including Salesforce applications, such as Sales Cloud and Service Cloud. This allows businesses to extend their ERP system to include other Salesforce features and tools.
Is FinancialForce ERP available in my country?
FinancialForce ERP is available in many countries around the world.
What are the system requirements for FinancialForce?
FinancialForce ERP is cloud=base solution, just requires a Salesforce account, so no high-end servers and IT staff required to install and manage. Users need an internet connection to access the solution from anywhere using their web browser on desktops, laptops, or mobile devices.
Who can use FinancialForce ERP?
FinancialForce ERP is designed for small, medium-sized businesses and large enterprises.
How much does FinancialForce ERP cost?
FinancialForce ERP is a subscription-based solution, so the cost will vary depending on the number of users and the features you require, you can pay as you grow.
How is FinancialForce ERP different from other ERP solutions?
FinancialForce ERP is different from other ERP solutions in many ways, it is built on the Salesforce Platform, which gives users the flexibility to customize their applications to fit their specific needs. FinancialForce ERP includes a number of features that can help businesses improve their financial management, including real-time financial visibility, financial forecasting and budgeting, and streamlined financial processes.
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