ERP is short for enterprise resource planning. Enterprise resource planning (TRAC ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources. TRAC ERP is bifurcated module wise. (TRAC Accounting, TRAC Inventory, TRAC Excise, TRAC Order Processing,) TRAC ERP is business management software¡ªtypically a suite of integrated applications¡ªthat a company can use to collect, store, manage and interpret data from many business activities, including: Product planning, cost. Manufacturing or service delivery. Marketing and sales.
Trac Manufacturing & Trading Inventory
Trac Inventory management is the practice overseeing and controlling of the ordering, storage and use of components that a company uses in the production of the items it sells. Inventory management is also the practice of overseeing and controlling of quantities of finished products for sale. A business’s inventory is one of its major assets and represents an investment that is tied up until the item sells. Successful inventory management involves creating a purchasing plan to ensure that items are available when they are needed ¡ª but that neither too much nor too little is purchased ¡ª and keeping track of existing inventory and its use. Two common inventory-management strategies are the just-in-time (JIT) method, where companies plan to receive items as they are needed rather than maintaining high inventory levels, and materials requirement planning (MRP), which schedules material deliveries based on sales forecasts.
TracFCM software is a SELF SERVICE and collaborative Financial Consolidation application that automates and improves the entire consolidation process. With TracFCM the Finance managers own the consolidation and complete the close process easily and report financial results faster and meet the global regulatory requirements with very low cost of compliance with authenticated financial numbers to trust. It provides financial analysis and operational analysis helpful for top management and operational management decision making.
TracFCM is a robust Financial Data Warehouse that stores standard regulatory reporting requirements to publish financial statements and other reports. TracFCM is the core of all the compliance framework and helps organizations meet the stringent financial regulatory compliance requirements.
KEY FEATURES :- User Access Control, Multi-Currency Management, Export and Email of Reports, Automatic Trial Balances import from your SAP/ CBS/ FA/ other ERP system, ETC.
Trac Order Processing
Trac Order Processing is the process or work-flow associated with the picking, packing and delivery of the packed items to a shipping carrier. Order processing is a key element of order fulfillment.
Trac Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities. Accounting is one of the key functions for almost any business; it may be handled by a bookkeeper and accountant at small firms or by sizable finance departments with dozens of employees at large companies.