The Enterprise Resource Planning (ERP) system is the core of modern enterprises. Insights gained from the ERP system help measure business performance and guide decision-making. The Fangtian ERP system creates an integrated smart manufacturing solution, focusing on manufacturing. It combines the core production management needs of manufacturing enterprises with supply chain management and financial management, establishing a comprehensive integrated management system centered around production planning. This breaks down communication and collaboration barriers between departments, processes, and systems, builds standardized, agile, and efficient business processes, and ensures seamless management across all stages from sales, PMC, procurement, warehouse, quality control, HR, finance, and engineering technology departments. This ensures accuracy, timeliness, and effectiveness of data transmission, helping enterprises respond quickly, collaborate closely, and operate well, thereby accelerating business development and enhancing core competitiveness.
Integrated corporate management, digital transformation, cost reduction and efficiency improvement.
Effortlessly manage the entire process from order acceptance to flexible production, with agility and efficiency. Integrate multi-facility, multi-process, and multi-business models of the manufacturing industry. Shorten lead times, reduce costs, enhance efficiency, and facilitate a smooth digital transformation for businesses. Based on the integrated system design philosophy, fundamentally resolve the issue of information silos within enterprises.
System Architecture
Leveraging the core management engine's system automation, achieve deep integration of digital and informationization, empowering numerical management applications for enterprises.
The Fangtian ERP system is a digital management tool that aids in the operation of a company's business. The scope of the enterprise ERP management system covers various processes such as finance, HR, manufacturing, supply chain, services, and procurement. The purpose of deploying ERP management software for enterprises is to utilize integrated management tools to achieve efficient operation of these common business processes. The ERP management system, which incorporates AI and machine learning technologies, has made significant breakthroughs in enterprise management and industry analysis.
01. Financial Management
The Financial Management module is the foundation of the ERP system. It tracks accounts payable and receivable, assists in managing the general ledger, allowing you to focus on current financial status and future prospects. The module also generates and stores balance sheets, payment receipts, and other important financial documents.
Automation plays a pivotal role. The financial module can automatically handle tasks related to order processing, supplier payments, expense management, asset management, and joint venture accounting. For instance, automated cash management can make it easier to analyze cash transaction processing and improve cash flow forecasting. Your accounting team can close the books faster, saving a week or more, while adhering to strict revenue recognition standards. Balance sheet automation provides near real-time data, helping you accurately understand your company's financial status.
02. Procurement
The procurement module enhances your ability to purchase products or materials needed for manufacturing or selling goods. It can automatically execute, track, and analyze quotes, while assisting you in preparing and sending purchase orders. The module can automatically execute purchases for specific materials based on the approved supplier list, speeding up the process, ensuring compliance with expenditures, and improving supplier relationships, thereby enhancing profitability.
What's more, the appropriate modules can streamline the end-to-end procurement process, encompassing not only shopping and consumption but also the management of direct material and service procurement. Based on real-time data from supplier negotiations and contract incentives, the module can also determine the methods to integrate purchasing power, aiming to minimize costs while reducing supply chain disruptions.
03. Risk Management
The Risk Management and Compliance Module leverages artificial intelligence (AI) and machine learning to strengthen financial controls, helping the finance team prevent cash leakage, conduct audits, and guard against emerging risks, while eliminating a significant amount of manual work.
Leveraging risk management features, you can maintain compliance through automated processes, such as Segregation of Duties (SoD) reporting and user access granting and control. Automation also accelerates audit activities, quickly identifying fraudulent, erroneous, and policy-violating actions. You can also simplify workflows for audit and Sarbanes-Oxley Act (SOX) compliance, risk management, and business continuity planning.
04. Supply Chain Management
The Supply Chain Management (SCM) module tracks the flow of supplies and goods throughout the supply chain: from suppliers and sub-suppliers to manufacturers, and finally to distributors, retailers, or consumers. With this service, you can efficiently plan your entire organization's needs, supply, order fulfillment, and production, reducing disruptions and cutting costs, ensuring ideal inventory at the right time and place.
Specific Case: The supply chain management system can predict demand to determine the optimal inventory levels and replenishment strategies for each stock location, thereby avoiding overstocking or stockouts. Automated features can streamline order acquisition, billing, and after-sales customer service, helping you save time and money throughout the supply chain process (e.g., order management).
The supply chain module can also assist you in forecasting demand using functionalities like segmentation and machine learning, thereby better managing changes. These features can build a more flexible supply chain to cope with market shifts and global shock events.
05. Corporate Performance Management
The EPM module enhances processes related to business planning, budgeting, forecasting, and performance reporting. It achieves interconnected planning (versus previous standalone plans) by unifying understanding of financial, operational, and business department plans. These modules also leverage automation to accelerate financial results reporting.
By utilizing scenario modeling, remote planning, and other features, the EPM module can gain a deeper understanding of costs and profitability, helping you achieve revenue goals and simplify accounting and tax filings. With EPM, your team will be able to model and plan across multiple key areas (such as finance, HR, supply chain, and sales).
06. Manufacturing Process
With the manufacturing module, companies can streamline production planning and management. This encompasses ensuring your facility has readily available raw materials to meet demands, operates the workshop efficiently and reduces costs, while maintaining product quality.
Today's modules allow you to run mixed-mode manufacturing, not just single-mode, so you can utilize a set of manufacturing processes, such as discrete manufacturing and process manufacturing. This helps you diversify your portfolio and attract new customers. For instance, you can use process manufacturing to produce a range of beverages, and discrete manufacturing for parts and assembly to quickly produce bottles and cans. You can also monitor costs and variances across factories, compare predicted versus actual output, and compare supply volumes to forecasted demand after calculating the average production time for a product.
07. Customer Relationship Management
The CRM module enhances customer management by improving sales and marketing processes, especially those supporting sales leads. It stores all information about customers and prospects, including each interaction and purchase history, and offers segmented data and targeted cross-selling recommendations.
The CRM module features include contact management, communication tracking, opportunity or lead tracking, order history, ticket handling, quote creation, and sales representative productivity management. Importantly, your module must help you track customers throughout the entire process from the initial marketing stage to the quotation or sale, thereby achieving sales and continuously providing customer service.
Please note that not all businesses or ERP vendors consider CRM to be an ERP module. Some ERPs include modules that are more closely related to financial management and other backend activities, while others offer a broader perspective that encompasses front-office responsibilities, such as customer relationship management.
Human Resources
The Human Capital Management (HCM) module, also known as Human Resources Management (HRM), includes detailed records of all employees, such as performance evaluations, job descriptions, benefits options, and attendance/leave records. Like other ERP modules, the HCM module employs automation, with its automated annual spreadsheet continuously collecting data across the entire enterprise, reducing duplicate data, and enhancing accuracy. This brings significant advantages to businesses that manage vast amounts of HR data.
The Human Resources module can automatically handle tasks such as employee scheduling, recruitment, and payroll management. The HR module allows teams to easily collaborate across internal workflows and can connect to CRM data to determine salesperson bonuses, making it simpler and more accurate than doing it manually.
09. Project Management
This module enhances project management with shared visualization tools, aiding in tracking plans, budgets, and resources. For instance, you can view multiple project plans in a single view, making it easy to allocate (and reallocate) resources. Use search filters to screen by role, skill, and location to form the ideal project team. Additionally, you can standardize the cost acquisition methods across the entire enterprise, improving budget management. Advanced project management tools can automatically handle customer invoicing and project billing, helping you maximize cash flow.
In the future, the project management module will be widely used in project-intensive industries such as construction and manufacturing. Properly implemented project management modules can enhance the on-time completion rate of projects, monitor costs, improve the accuracy of service-based cost estimates, and optimize the use of staff and equipment.
10. ERP Analysis
The Fangtian ERP Analysis Module assists financial, procurement, and project management professionals in understanding various essential factors to enhance profitability, improve working capital usage, and control business expenses.
The Fantian ERP analysis provides total account insights into profitability and accelerates the collection process, thereby improving cash flow. This module also assists the finance team in tracking amounts paid to suppliers on time and late, to determine payment urgency, thus enhancing the accounts payable process. Simultaneously, the module controls corporate spending by identifying cost savings and financial risks. For instance, compared to traditional manual processes, the module enables the finance team to more quickly identify fraud, better adhere to expense policies, and more accurately monitor employee reimbursement activities.
Application Value
01. Logistics, capital flow, and information flow integration
The Fangtian ERP system is a suite of applications designed to manage an organization's entire business operations. The high integration of the Shunjing ERP system has promoted the convergence of the three streams of logistics, capital flow, and information flow, significantly reducing corporate costs, enhancing work efficiency, solidifying management foundations, and strengthening coordination and consistency among departments. It provides robust data support for the strategic development direction of the enterprise.
02. Standardized Enterprise Management and Precision Production
The Fangtian ERP system incorporates advanced management models, while also balancing standardized and normalized operational processes. Equipped with comprehensive data, it lays a solid foundation for the enterprise's refined management. The system refines the functions of each process, each stage, and each operator, ensuring the execution of refined management through organizational mechanisms, thereby achieving refined enterprise management.
03. Resource Sharing & Information Transparency
Break down information silos, establish corporate information data exchange, achieve resource sharing and unified information data, enabling users to promptly grasp information across all levels, while each department and position operates as if within a single department.
04. Business, production, and finance data integration
Fangtian ERP ensures synchronized recording of financial and logistics data, maintaining consistency. This allows for tracing the origins and destinations of funds based on the current financial status, enhancing the financial department's ability to plan in advance, monitor during the process, and trace after the fact.
