Gone are days, when On-Premises ERP Software pervaded the market and technology was meant only to benefit Large Enterprises. Continuously evolving technologies have led to the development of cloud-based ERP software such as Value Creation Automation (VCA), which brings the equal share of technology benefits for even Small and Medium Enterprises (SMEs).
Note: In 2008, 87% of the total market share was covered by On-Premises ERP software, but today it remains only 17%. Rest 83% of the total market share is pervaded by cloud-based ERP software such as Value Creation Automation (VCA).
About Value Creation Automation (VCA)
Developed by Cordis Technology, VCA is meant to help small to medium and large businesses in streamlining entire processes and achieving organizational goals within stipulated budget and time.
Incorporating advanced technologies such as automation, Cloud-computing, Artificial Intelligence (AI) and Software-as-a-Software, VCA reduces working capital, drives overall business performance, reduces employee turnover and delivers value to customers.
More than helping in enhancing productivity and profitability, business process management software such as VCA supports businesses in developing a healthy and long-term relationship with customers. With enhanced retention rate and loyalty, VCA plays a key role in generating constant revenue for businesses and therefore results in a sustained growth and success.
Pillars of Value Creation Automation
Value Creation Automation (VCA) incorporates evolving technologies, which adds to the flexibility, reliability, and agility of businesses. Following 4 pillars of VCA, gives it a flexible structure, which allows companies in easy customization of the business system according to new process requirements.
1. Automation Technology
Automation is one of the most important pillars of VCA business software. It is an end-to-end solution, where everyday business tasks are successfully automated. Having automated entire business processes, this advanced ERP software by Cordis Technology, reduces the unrelenting workload of the human workforce and support companies in achieving an enhanced efficiency and accuracy.
Tasks that are repetitive in nature are automated. Businesses do not have to invest time, money and other resources in performing same tasks again and again. With an advanced ERP software, businesses can be assured that entire tasks are completed in one go.
Right from the generation of the business idea, procurement of raw material, production, identification, and elimination of problem areas to the delivery of goods and services to customers – VCA automates every single task. Along with the automation of diverse management aspects such as HR, finance, supply chain, sales, marketing and many others, VCA reduces the human intervention and thus results in enhanced efficiency and accuracy.
2. Cloud-based ERP Software
With the development of cloud-based ERP software such as Value Creation Automation (VCA), the face of businesses completely changed. Everything is digitized. Cloud-solutions have made businesses both reliable and flexible. And, most importantly, business software such as VCA make businesses fit to perform in this technology-driven world, where customers are tech-savvy, with smartphones, powered by the Internet, in their hands.
Offering cloud-based business solutions, VCA saves entire data in the cloud and allow business leaders to access and customize it on demand. Moreover, VCA also allows them to retrieve all sorts of business data, statements, and other relevant reports anytime and anywhere.
With cloud-based solutions, VCA enables executives to perform diverse business operations even when on the go. For instance, finance executives can receive payments, update ledger books, issue VAT compliant invoices to customers & suppliers and can even plan the budget, anytime and anywhere. With entire data in the cloud, employees can instantly view information on their job profile, appraisals, star ratings, promotions, leaves, policies, bonuses and many more even on their mobile phones and tablets. This helps businesses in establishing a smooth workflow.
3. Based on Software-as-a-Service (SaaS) Delivery Model
Incorporating Software-as-a-Service (SaaS) technology, VCA ERP software gives even small businesses an equal opportunity to grow and succeed. Cloud-based ERP software is limited to Large Enterprises, as they need to save and manage a heavy amount of data, which needs infrastructure to some extent.
On the contrary, with SaaS-enabled VCA, businesses are not required to invest in the installation of hardware and software & maintenance of servers and in its upgrade. They don’t even need an IT team. All such costs ate borne by ERP software vendors. Therefore, VCA allows small businesses to start running operations even in zero capital.
Another important point of SaaS-enabled VCA is that it is a user-based ERP software. Therefore, businesses just have to pay for the number of users they have. On the other side, it also ensures that non-value adding tasks are instantly identified and eliminated; tasks are completed within allocated resources and variations in final goods and services are reduced to a minimum level. With all these factors, process management software such as VCA is making its place within the businesses across the world.
4. Artificial Intelligence (AI)
Incorporating technologies such as Artificial Intelligence (AI), VCA strengthens machines with cognitive abilities. This makes businesses responsive and thus adds to the overall performance.
Considered to be a very costly technology a few years back, Artificial Intelligence (AI), through BPM software, is now available even for small businesses. With AI, VCA incorporates complex algorithms that support pattern recognition and supports in saving, customizing and managing a large amount of business data with utmost accuracy.
Enabled by Artificial Intelligence (AI), VCA program machines to read the pattern of customer questions and thus it predicts the answer to the same. Thus, AI ensures that customer queries are instantly solved, as it can impact the purchasing decision. Besides, the Artificial Intelligence (AI) technology empowers machine with decision-making abilities and it can also help businesses in handling unexpected conditions.
These 4 pillars of Value Creation Automation (VCA) helping businesses in implementing a robust business approach. Process including HR, finance, supply chain and other gets efficient. With automated marketing and the inbuilt CRM, VCA allows businesses leaders in making informed decisions, which can help in delivering value to customers.
With almost no capital requirements, business software such as VCA is encouraging new entrepreneurs, giving stability to small businesses and also helps them in playing a key role in adding to the economic diversification of countries across the world.
Cloud-Based ERP software is supporting businesses in exploring new growth dimensions and implement technological models, which helps in realizing those opportunities. Employees are no need to perform large calculations, manage complex processes and get involved in tasks consisting of high risks.
Process management software such as VCA is about healthy business performance, satisfied employees and happy customers. ERP software is helping businesses to grow manifold. Both SMEs and Large Enterprises can adopt business software such as VCA to reap complete benefits of technology and gain complete competitive advantages.
Cloud-based ERP Software Help Business in Functioning with a Robust Approach
The demand for cloud-based ERP software continues to rise across the world. According to a report, in the year 2014, the ERP software market share across the world was $27.4 Billion. This figure is expected to grow at $41.2 Billion by 2020. This shows a clear picture that the cloud-based ERP software such as Value Creation Automation is growing at an unprecedented speed.
Besides automating entire processes, business management software such as VCA also integrates business operations across locations, departments, and processes. It simplifies the entire communication process by integrating advanced channels such as Voice and video calling, SMS, emails. telephone, fax and many other at one place. It allows stakeholders, both within and outside the organization, in eliminating performance bottlenecks and thus, helps in achieving organizational goals successfully.
Moreover, with integrated business management, business leaders can remain updated with entire tasks and activities being performed. They can also present a clear picture of their businesses to employees, managers, customers, suppliers, investors, and creditors. It also boosts the decision-making ability of Owners & Directors and empowers them to analyze any particular situation and mitigate risks before it actually occurs.