Open source ERP solutions as the name indicates is used to streamline the businesses in various aspects. It covers the complete processes of an enterprise such as production, sales, marketing, financial and accounting service, essential management plans with customer relationship.
It is an ultimate solution for the demands of a firm, whether it is small, medium or large. Now one must be thinking ‘what does open source ERP’ mean? Open source ERP solution means the source code is modifiable only by the individual buyer or provider. Thus, it is not free for everyone. It can be downloaded, installed and used for free. It is very easy to implement, learn, understand and takes very less time to implement rather than traditional ERP software.
Web-based, open source ERP solutions have several advantages over the traditional ERP systems used in the past. Easier to modify, ease of configurability and customizable are the major benefits of this system. It can be easily downloaded from Internet and run in any kind of business environment in order to fulfil the demands of organizations. Companies get can these solutions at affordable prices in comparision with traditional ERP system. Considering its effective system, many developers have come up with wonderful web centered alternatives such as ERP. It is a practical business remedy not only for the market customers but also for traders.
Being a free program the requirement for this application has improved significantly. With the release of open source ERP in the market, many things have modified significantly. It is able to fulfill the business requirements of a small-sized industry, many small and medium organizations have started to utilize this solution. But open source ERP has some disadvantages as any other application. One of the major drawbacks is that an organization that uses open source ERP cannot take the key benefits of the solutions provided by the vendor because the organization controls all its business individually. In this situation, if a simple mistake is not fixed instantly it can have terrible results and it can confirm to be a costly affair.
In today’s competitive and modern scenario, businesses are looking for ERP for the advantages it offers to the organization. The organization can download the open source ERP programs and can use them without paying any kind of money. This feature helps to reduce the costs by removing the charges to be paid when there is a modification or renewal required.