PACE360 is a robust ERP for discrete manufacturing and other industries covering all aspects of business management.
Sales & Distribution
PACE360’s sales module empowers businesses to streamline and manage every aspect of the sales cycle seamlessly. From initial inquiries to final invoicing, PACE360 offers a comprehensive suite of features.
It covers the entire sales cycle,
– handling lead generation,
– order placement,
– scheduling,
– dispatch, and
– customer relationship management efficiently.
ERP Software for Sales and Distribution enables complete salesforce automation, allowing for
- target setting,
- route plan monitoring,
- expense tracking, and
- order amendment history.
Budgeting:
The budgeting module of PACE360 enables organizations to plan and allocate financial resources effectively. It includes features for creating budgets, setting financial targets, monitoring budget performance, and analyzing variances. It helps organizations ensure financial discipline, allocate resources efficiently and achieve financial goals.
The budgeting module also helps forecast future financial performance based on ongoing trends. PACE360’s budgeting, planning, and forecasting (BP&F) tools serve as robust solutions intricately designed to seamlessly integrate. The bidirectional transfer of data between the general ledger, payroll, and HR ensures a smooth flow of information throughout the entire system. Automatic updates to provide staff with access to actual costs, updates are also readily available on-demand.
PACE360 possesses in-depth knowledge of both the workflow within each system and the customer’s business processes. This expertise enables to develop proven methodologies for full integration between systems, minimizing risks to the customer and ensuring minimal disruption to end users.
From the outset, a clear integration path is established, defining all aspects including accounting terminology, GL Account Structure, and Custom Fields. This structured approach ensures that everyone understands their role, and success becomes measurable.
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A reliable budgeting tool PACE360 offers safeguards like exception reporting, alerting users to any errors encountered during data import from the ERP system into the budgeting solution. These reports automatically identify issues such as missing positions, incorrect data entry, or formatting discrepancies, allowing users to quickly resolve the problem and resume operations.
Given that salaries often constitute a significant portion of operating budgets, the integration of salary data significantly enhances budgeting functionality. These tools typically feature unlimited forecasting and “what-if” scenarios, accommodating various scenarios such as budgeting for future positions, ensuring efficient allocation across multiple cost centers.
PACE360 ensures powerful two-way data transfer, fostering harmony within the finance and budgeting environment while eliminating the need for duplicate data entry.
Production Planning:
PACE360 is an ideal ERP for Production Planning beginning with defining inputs, outputs, by-products, and overheads, laying the foundation for effective production management. Next, the Bill of Materials (BOM) is established for all products, extending to multiple levels as needed.
Plant Maintenance
Plant maintenance is a reactive process, where breakdowns prompted repairs, causing costly downtime and disruptions to production schedules. However, with the integration of ERP modules designed for plant maintenance, businesses have moved towards a proactive approach. This helps in minimizing unplanned downtimes optimizing asset utilization with prolonged equipment lifespan.
PACE360’s Plant Maintenance modules schedule and manage preventive maintenance tasks. By analyzing historical data and equipment performance metrics, these systems can forecast potential failures and schedule maintenance activities during planned downtimes, thereby preventing unexpected breakdowns.
Additionally it facilitates streamlined inventory management, ensuring that the necessary spare parts and resources are always available when needed. By maintaining optimal inventory levels and automating procurement processes, businesses can avoid stock-outs and minimize inventory holding costs nd working capital. This seamless integration of inventory management with plant maintenance operations enhances operational efficiency and eliminates delays caused by parts unavailability.
Quality Management:
The quality management module focuses on ensuring product quality and compliance with quality standards and regulations. It includes features for defining quality parameters, conducting quality inspections, managing non-conformances, implementing corrective actions, and monitoring quality performance. It helps organizations maintain high product quality, minimize defects, and enhance customer satisfaction.
ERP Software for Quality Management benefits business in multiple ways including reducing inspection cost, improved production methods, increased efficiency and customer satisfaction.
Asset Management:
The asset management module tracks and manages physical assets throughout their lifecycle, from acquisition to disposal. It includes functionalities for asset tracking, maintenance scheduling, depreciation calculation, and asset performance analysis. It helps organizations optimize asset utilization, reduce maintenance costs, and ensure regulatory compliance.
Inventory Management:
The system provides an online status overview of item quantities, detailing on-hand, available, reserved, ordered, and to-be-ordered quantities, encompassing rejected, defective, and re-workable items. It offers comprehensive excise functionality, including the generation of excise registers. Items can be classified across multiple levels, facilitating efficient organization.
Quality control measures are implemented based on predetermined parameters. The system manages material rejections and facilitates the dispatch of rejected materials to subcontractors. Integration is established between Goods Receipt Note (GRN), Purchase Order (PO), and Invoice. Gate passes can be categorized as returnable or non-returnable. Cenvat claims for capital goods are processed seamlessly.
Analytical tools aid in maintaining optimal stock levels, with provisions for physical stock verification and reallocation of re-workable stock. Multiple warehouses, branches, and regional offices are supported, with features for stock transfer and receipts from other warehouses.
Excisable items are defined with chapter allocation, and the system accommodates multiple units of measurement. Alternate items can be designated for production planning purposes.
Additionally, the system handles non-stock low-value items like stationery and facilitates lot-wise tracking of inventory. Various valuation methods such as LIFO, FIFO, and weighted average are available for stock valuation.
Material requisitions can be initiated from different requirement areas, supporting both purchasing and subcontracting processes. Material receipt against sales orders, material requirements, subcontracting, gate pass, and production requisition are seamlessly managed. Landed rates of items are calculated, and consolidation of all warehouses can be performed at any level of the company hierarchy.
Finance and Accounts Management:
ERP for Finance & Account Management is developed in accordance with IGAAP and IFRS standards of accounting for India. Bills like Goods & Service Tax (GST), e-invoicing, e-waybill could be generated seamlessly with PACE360 adhering to the compliance guidelines. As PACE360 is customisable solution, it can be designed and made adaptive to follow the law of the land in terms of accounts reporting applicable.
Reports like Trial Balance, Profit & Loss Statement (P&L) and Financial Ratio Analysis empowers the top authority including the Chief Financial Officer to have a bird’s eye view of the financial; health of the organisation along with the statutory compliance followed. The ERP finance module stands as a pivotal element in any ERP implementation, overseeing accounting procedures, profit tracking, and financial reporting.
While standard functionalities like accounts payable (AP) and general ledger (GL) management are expected, today’s ERP software market offers a plethora of additional features. With ERP systems offering diverse capabilities across all domains, finance is no exception, with different systems catering to varying requirements.
PACE360 serves as the hub for financial data, generating reports including quarterly financial statements, ledgers, profit tracking, and balance sheets. A robust finance module is indispensable for businesses, offering transaction handling, invoicing, comprehensive reporting, and revenue management across all departments.
Purchase Management:
The system streamlines purchase and process cycles by incorporating a detailed Supplier/Subcontractor/Service Provider database, enabling efficient capture of materials requirements. It automatically generates purchase requisitions based on Material Requirement Schedule (MRS) and gathers quotations from various suppliers. Moreover, it records payment terms in Purchase Orders (PO) and considers excise duties in both purchase and process orders. Authorization of POs, along with the ability to amend them while maintaining a complete history of changes, facilitates order management. The system allows for order cancellation and closure, accommodates multiple delivery schedules, and ensures quality inspection of received goods. Additionally, it manages quotation validity and provides Management Information System (MIS) reports for vendor evaluation based on quality, price, and delivery time. For subcontracting, it generates process orders and supports multiple indents within a single PO. Purchase order processing includes comprehensive entry of item details, taxes, discounts, and extra charges such as freight and octroi. The system offers flexibility to generate POs in domestic and foreign currencies and handles advance adjustments seamlessly. Purchase bills update the General Ledger (GL) and purchase book, while also managing service contracts, bills, indents, and POs. It implements value-based approval for indents and manages bill of entry for imports, including excise considerations. Comprehensive import functionality covers custom details, and reports provide order tracking for complete control over the procurement cycle.
Consolidated Account:
Introducing the Consolidation module for PACE360 ERP, a powerful tool designed to streamline financial consolidation procedures seamlessly. This module offers a consolidated view of Profit and Loss statements, allowing users to access detailed reports and analyze financial accounts across subsidiary enterprises effortlessly.
With PACE360 Consolidation, the process of consolidating financial data is quick and straightforward, enabling corporate development with ease. Users have the flexibility to create and modify account groups as needed, with the option to designate parent account groups for stored accounts. Consolidated accounts are efficiently organized into subgroups for clarity and ease of management. Overall, the PACE360 Consolidation module simplifies the consolidation process, empowering organizations to save time and resources while ensuring accuracy and compliance. PACE360’s Consolidated Account module allows every department to work in sync with the organisational growth plan ensuring operational excellence.
Warehouse Management:
The Warehouse Management System offers several key features to streamline warehouse operations efficiently. It enables organizations to design warehouse infrastructure to accommodate seasonal inventories adequately. Through barcode scanning, the system facilitates inventory monitoring and movement swiftly. Utilizing pick-to-light and pick-to-voice technologies, the system optimizes incoming and outgoing inventory processes.
Various efficient picking methods such as zone picking, wave picking, and batch picking enhance productivity in picking and packing finished products. Moreover, the system facilitates shipping by generating invoices, packing lists, and sending advance shipping notifications to customers. Employee management functionalities allow warehouse managers to oversee and evaluate employee performance using key performance indicators (KPIs). Dock management features guide drivers to appropriate docks for inventory loading and unloading. Additionally, the system generates comprehensive documentation and reports for managers to analyze warehouse processes effectively.
Logistics Management
Logistics is a vital component of every industry, where timely delivery and intact products are essential expectations. The logistics module manages all operations, from the transportation of raw materials to the final shipment of products. This module extensively gathers and shares information across production, billing, and sales functions.
The movement aspect of the logistics module oversees all transportation-related activities. ERP software for Logistics Management works in tandem to ensure that manufactured products or goods reach customers on time. Having comprehensive control over logistics and movement enhances supply chain management.
Bill of Materials
ERP software for Bill of Materials (BOM) is essential for manufacturers, acting as a detailed blueprint that guides the entire production process. A BOM lists all raw materials, components, and assemblies required, ensuring accurate inventory management, cost estimation, and efficient procurement. Integrating BOMs into an ERP system enhances production planning, reduces errors, and maintains product consistency. Unlike static accounting packages, ERP systems dynamically track inventory usage during production, offering precise financial insights and better cost control.
Foreign Trade Management – Import & Export
ERP for Import Export is a comprehensive system designed to integrate and manage all key processes involved in import-export operations, enhancing efficiency and control. It centralizes supply chain activities, automates documentation, and ensures compliance with international trade regulations.
The module include landed cost calculation, which accurately determines the true cost of imported goods by incorporating various import charges such as customs duty and freight. The system also supports multi-currency management, important for businesses dealing with multiple currencies.
Customs clearance is another critical aspect, where ERP software streamlines processes like Bill of Entry tracking and exchange rate management, reducing delays and ensuring compliance. Additionally, ERP systems provide tools for managing Letters of Credit, tracking import expenses, and automating the generation of necessary export documentation.
Audit Trail:
Ministry of Corporate Affairs (MCA) India, has made it mandatory to bring in audit trail rule in accounting software. PACE360’s audit trail module tracks and records all system activities and transactions for accountability and compliance purposes. It includes features for user authentication, activity logging, data encryption, and audit trail analysis. It helps organizations ensure data integrity, detect unauthorized activities, and meet regulatory requirements.
Each of these ERP modules of PACE360 plays a crucial role in managing different aspects of business operations, contributing to overall efficiency, productivity, and competitiveness. Integration of these modules within an ERP system provides organizations with a unified platform for managing their resources, processes, and relationships effectively.
