Updated: Dec 27, 2019
The advancement of technology in our world today has transformed the way businesses operate. While manual operations can still get the job done, implementing systems or automating processes has allowed businesses to grow much faster than ever before.
We've seen it from mobile devices to computers to storage devices. From a mom and pop store growth to becoming giant retailers to going online (e-commerce). Everything around us is evolving faster than we think.
Kiu BMP is a digital Business Management Platform, just like an ERP but without the complexities, which helps businesses to evolve by simpler management of all their business needs.
There are many reasons why businesses should use an ERP which contributes to the necessary growth of a business. An ERP---in this case, Kiu BMP---can keep a business alive and competitive from its product development features as well as its ability to create and maintain a smooth operational flow.
There's a lot that goes into creating a product, and it is not easy for a product to be made efficiently and at the same time be successful in the market without an ERP. Kiu BMP includes an efficient quality control feature which is very beneficial, as the quality of a product is much more valuable in the market today than the quantity. Within the Kiu BMP Quality module, you are able to create quality points, checks, and/or alerts on work orders. Businesses in this age also struggle with fulfilling necessary compliance regulations that involve too much paperwork and sometimes require major changes to processes. An ERP can include compliance management as an automated system to support companies in these regulations, making the job much easier. Kiu BMP accounting implements the accounting standards that are common to the 50 countries which it supports, as well as IFRS rules. The developing world we currently live in is growing in demand for newer technology, increasing exposure to different ideas, and changing the way we live. Companies must continually innovate new products to keep up with customer demands, and it isn’t easy to find both fast and inexpensive ways to produce without the help of an ERP. Using Kiu BMP gives companies the advantage over its competitors to rise to the top of the market quickly and with competitive prices. It is a simple, flexible, and affordable tool for all businesses, allowing the company to grow through competitive means. Implementing Kiu BMP will help increase productivity by connecting employees with the information they need.
Not only does an ERP transform, and in Kiu BMP’s case, simplify the production process of a business, but it also helps smooth the flow of operations. A difficult process that contributes the most to a company’s profit is inventory management. There are numerous inventory operations, but by using Kiu BMP, the receipt and delivery process is simple. Kiu BMP’s inventory module is fully integrated with other modules including Purchase, Sales, e-Commerce, and Manufacturing and can be configured to suit any advanced warehouse management. As a business evolves, financial operations become more and more complex. A smooth, accurate, and steady flow of financial operations is not possible without an ERP solution. In Kiu BMP, a company’s finance is integrated with all other modules. Journal entries for each accounting transaction are automatically created, so you are able to focus your efforts on work outside of bookkeeping. Information and documentation approval is another reason why businesses cannot evolve through manual execution, as a smooth operational flow is not possible without a system to manage all the incoming information. In Kiu BMP you can generate a financial report in real-time, and the functionalities offered are highly advanced, making such an organization impossible without the system.
3. Competitive Advantage
Kiu BMP’s production and operations management transform a business so that it is able to not only persist but also evolve. Especially today, it is almost impossible for a business to grow and gain a competitive advantage without an ERP to manage and assist employees and creates a timely and proper operational flow. The modules provided by Kiu BMP will significantly increase a company’s efficiency and productivity. In a world where lifestyles are constantly changing and competition is high, you need a fast-paced production. In addition to production, Kiu BMP includes various functionalities that make the financial complexities a lot easier to handle for a growing company. Quick digital solutions and the integration of finances provided within Kiu BMP have become a necessity for the evolution of your business.
Talk to us and find out how your business can evolve and be digitally transformed with Kiu BMP today! Visit www.kiuglobal.com