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10 Reasons You Must Consider Application Modernization Schedule Meeting In an era where agility, efficiency, and innovation are cornerstones of success, businesses cannot afford to be hindered by outdated technology. Legacy systems may have served well in the past, but as we move towards a future driven by digital innovation, these systems pose significant limitations. Startling statistics reveal that nearly 90% of businesses fail to fully harness the true power of digital technologies. In the United States alone, this dependency on legacy applications translates to annual losses of up to USD 1.8 trillion. Such staggering figures highlight the urgent need for businesses to prioritize the modernization of their legacy applications. In this blog post, we will explore the top 10 reasons why modernizing your legacy applications is not just desirable but absolutely essential for surviving and thriving in the competitive market. Understanding Legacy Applications and Why You Should Get Rid of Them Legacy applications are software systems or applications that have been in use within an organization for a significant period of time. They are typically built on older technology stacks, outdated programming languages, and architectures that are no longer widely supported or compatible with modern systems. These applications are usually specific to a business’s needs and have been used effectively over the years. While they may continue to meet the requirements they were designed for, legacy systems often fall short when it comes to accommodating new workflows, technology integrations, or the changing demands of a digital marketplace. Some reasons why legacy apps can be detrimental for your business include: They lack the flexibility to scale and adapt to growing business needs Maintaining these applications can be expensive, consuming resources and finances They create data silos and communication barriers due to their inability to seamlessly integrate They are not equipped to handle latest cyber threats and hence are susceptible to security risks Understanding Application Modernization and How it Benefits Application modernization is a strategic process of updating or transforming outdated legacy systems to align with modern business needs and technologies. It involves various methods, from re-platforming to rewriting code, aiming to enhance application efficiency. The objective of legacy system modernization is not just to reduce costs and mitigate risks, but also to enrich user experience, facilitate integration with new technologies, and much more! The application modernization market is rapidly growing at a CAGR of 16.7% and is expected to reach USD 32.8 billion by 2027. The rapid growth of this market is only because of the numerous benefits it brings to companies. Some of the ways in which companies who have adapted application modernization benefitted include: Up to 15-35% YoY savings on infrastructure Up to 74% reduced expenditure on hardware and software Up to 14% boost in annual revenue Up to 30-50% lower application costs Up to 10% improvement in application efficiency 10 Reasons for Choosing Application Modernization By holding onto legacy applications, you may not only compromise your operational efficiency but also put yourself at a disadvantage in the rapidly evolving digital landscape. Here are 10 reasons why you must choose legacy system modernization: Complexity and Maintenance Costs Hindered Business Agility Incompatibility with New Technologies Dependency on Hardware Reduced User Experience Mitigate Security Threats High Failure Rates Scalability Accelerate Innovation Future Proofing Complexity and Maintenance Costs Legacy applications are typically built using outdated technologies and programming languages, which can make them challenging to maintain. Over time, the code structure and architecture of these applications can become obscure, further increasing their complexity. Additionally, legacy apps involve both hardware and software components, resulting in high maintenance costs. In fact, it has been found that approximately 80% of a company’s IT budget is allocated to maintaining these legacy applications. Application modernization solves this problem by breaking these complex systems into more manageable microservices. Modernizing legacy applications simplifies the codebase, making it easier to maintain and reducing the overall costs. Hindered Business Agility 65% of business owners believe that legacy applications are incapable of addressing the evolving needs of their growing businesses. Outdated software in legacy apps can hinder your business’s ability to adapt to market changes quickly. This can result in user dissatisfaction, lost opportunities, or a drop in revenue. Modernizing these applications allows businesses to incorporate new features and functionalities rapidly. This empowers them to adapt and stay competitive and meet the evolving needs of their customers. Incompatibility with New Technologies Companies worldwide are rapidly adapting different technologies to meet varying customer demands. The older technology stack of legacy applications don’t support newer frameworks, libraries, or protocols. This makes them incapable of integrating with newer, more efficient technologies, such as AI/ML, restricting a company from reaching its full potential. By modernizing these applications, you can update the underlying platforms and adopt new protocols. This makes it easier to exchange data and integrate with other systems, resulting in seamless collaboration across platforms. Dependency on Hardware In a rapidly evolving digital environment, relying on old, hardware-centric systems can hold businesses back. These systems are typically less flexible and more prone to issues, making them unsuitable for today’s fast-paced world. Hardware dependency of legacy apps can lead to increased costs, lack of scalability, and difficulties in maintenance and support. With the help of application modernization, you can leverage cloud-based solutions, which offer flexibility, scalability, and cost-efficiency. This will enable you to break free from the constraints of dedicated hardware, reduce infrastructure complexity, and leverage the benefits of modern computing environments. Reduced User Experience Today’s consumers expect intuitive, seamless experiences from applications, which legacy systems often struggle to provide. User expectations are ever-increasing, driven by innovative digital experiences offered by leading tech firms. Businesses that fail to meet these expectations risk damaging user satisfaction, retention, and potentially their market share. Through application modernization, you can adopt modern UI/UX principles, improving usability and overall user experience. This upgrade can lead to increased customer engagement and loyalty, directly impacting the bottom line. Mitigate Security Threats Older applications are frequently more susceptible to security threats as they

Why you should consider offshore software development? Schedule Meeting As businesses continue to embrace digitization, software development has become a crucial part of operations. Regardless of the industry, efficient software solutions enhance productivity, streamline processes, and open up new possibilities. Yet, as vital as it is, software development poses a significant challenge for many businesses due to its complexity and the resources it requires. To navigate this challenge, businesses are increasingly turning to offshore developers. In fact, the global market size of IT services outsourcing is expected to reach USD 1065.10 billion by 2030. And given the flexibility and efficiency this model makes it an attractive proposition. In this blog post, we will delve into the rising popularity of offshore software development, its significant advantages, and share some practical tips for successful offshoring. The Rising Popularity of Offshore Software Development Offshore development involves outsourcing software development tasks to talented teams located in different countries. The outsourcing market is growing at a CAGR of 8.06% and it is only expected to expand with each passing year. This growth is mainly facilitated by a few factors such as: The increasing demand for cost-effective software solutions Growing role of remote workforce The increasing tech demand-supply gap in most countries As per a recent report, as high as 81% of organizations have acknowledged suffering from a shortage of required tech or developer talent. This overwhelming number urge companies to turn to outsourcing software development to places which can help them fulfill their needs at reduced costs and TAT. India has consistently held its position as one of the leading destinations for outsourced IT needs, thanks to its ability to provide cost-effective solutions. With a demand-supply gap of just 21.1% (the lowest among major players like the UK, US, and China), India effectively supports companies worldwide with their IT requirements. Why Should You Outsource Software Development? Cost-effectiveness As per a survey done by Deloitte, 70% of companies choose to outsource software development because of the cost-effectiveness. Offshore software development is often more affordable due to competitive pricing models, lower overhead and labor costs in various regions. By hiring offshore software developers, you can save on your expenses of building an infrastructure or maintaining an in-house team. This will allow you to allocate your budget more efficiently in areas such as marketing, research, and development, leading to overall cost savings and improved financial outcomes. Access to Global Talent Hiring offshore developers provides access to a global talent pool, facilitating exposure to diverse perspectives that often lead to innovative solutions. Moreover, offshore developers may possess exceptional skills compared to local professionals, while still delivering the same or higher-quality work at reduced costs. Another advantage of outsourcing software development is the ability to bridge the demand-supply gap within your country. For instance, the demand for software developers in the US is projected to increase by 22% by 2030, surpassing the current supply of professionals available to meet these rapidly growing needs. Scalability In a dynamic business environment characterized by evolving market conditions and shifting consumer demands, maintaining competitiveness and adaptability is crucial for companies. It becomes challenging for in-house teams to offer the necessary flexibility in such scenarios. On the other hand, offshore developers offer scalability in their services, leveraging top talent, up-to-date resources, and a broader pool of skilled professionals. They can easily adjust and scale their services to meet various business requirements, providing companies with the flexibility to stay agile in a rapidly changing market. Faster Time to Market The software market is projected to reach USD 858.10 billion by 2028, highlighting the continuous rise in demand for software. To excel in this competitive industry, companies must prioritize reaching the market swiftly. Offshore development teams recognize this need for urgency and strive to deliver solutions that minimize time to market. With their expertise in the field, they possess the necessary knowledge to develop products efficiently and rapidly. These teams also offer flexibility in adjusting their turnaround time to align with your schedules and requirements. Focus on Core Operations Software development is a complex undertaking that requires significant investment, specialized resources, and time. Relying solely on an in-house team to meet these demands may not yield optimal results. By outsourcing technical work to offshore teams, you can alleviate the burden on your in-house team, allowing them to focus on core tasks and enhance overall productivity. Additionally, the cost savings achieved through outsourcing can be redirected towards more productive business endeavors, further maximizing the value and efficiency of your operations. Primary Factors to Consider Before You Outsource Software Development When selecting offshore software developers, several factors need to be considered to ensure a successful collaboration. These factors include: Technical Expertise Assess the offshore partner’s technical capabilities, industry experience, and track record of delivering successful projects. Look for partners who specialize in your desired technology stack and have a proven history of delivering high-quality software solutions. Communication and Language Proficiency Effective communication is essential for a successful offshore development partnership. Ensure that the offshore team has strong language proficiency, particularly in English, to facilitate seamless collaboration and avoid misunderstandings. Work Culture Compatibility Consider the cultural compatibility between your organization and the offshore team. Understanding and respecting each other’s differences in work culture can contribute to smoother collaboration, efficient workflow, and a harmonious working relationship. Data Security and Intellectual Property Protection Data security and intellectual property protection are critical aspects of offshore development. Ensure that the offshore partner has robust security measures in place to safeguard your confidential information and intellectual property rights. Wrapping up! By outsourcing software development tasks to talented teams located in different countries, companies can tap into a global talent pool, gain access to diverse perspectives, and drive innovation. Offshore development offers scalability, enabling businesses to adapt to evolving market conditions and consumer demands. Additionally, it facilitates faster time to market, allowing companies to stay competitive in the rapidly growing software market. With careful consideration of factors like technical expertise, communication, work culture compatibility, and

How to estimate your textile ERP ROI? Schedule Meeting Investing in an Enterprise Resource Planning (ERP) system is a crucial decision for any textile manufacturing business. As this sector involves complex processes like production planning, inventory management, quality control, etc., an ERP solution can greatly increase their productivity, reduce costs, save time, and automate processes. With the Enterprise Resource Planning software market for the textile industry growing at a CAGR of 11.3%, textile businesses should evaluate the potential ROI of an ERP implementation before investing. Estimating the ROI of your ERP implementation in the textile industry involves a careful analysis of costs, benefits, and intangible factors. In this blog, we will guide you through the process of evaluating your ERP ROI, ensuring that you make an informed decision that aligns with your organization’s goals. How to Calculate Return on Investment (ROI) from Textile ERP? The process of ROI calculation of your textile ERP implementation is simple and primarily involves two things: Your investments (the total cost associated with software ownership, operation, and implementation) The ERP’s potential returns Using the following ROI formula, you can get an estimate of the possible returns from your ERP investment: However, that is not all. There are several other factors that need to be considered to ensure that the derived results are useful and valid. Reasonable Forecast Period: Considering a reasonable forecast period is crucial when calculating ERP ROI. Generally, a forecast period of 3-5 years is considered ideal. This period allows enough time to implement the ERP system, train employees, and start seeing tangible benefits in the form of increased efficiency and reduced costs. Taking into account a longer period may result in decreased accuracy of predictions due to changing business needs, fluctuations in raw material availability, costs, and technology. On the other hand, a successful ERP implementation leads to better inventory management, improved production planning, etc., but these benefits are gradual. Hence, a shorter forecast period may not capture the full benefits and result in inaccurate results. Choice of Deployment Model: Factoring in the deployment model to calculate return on investment of your textile ERP is crucial as different models have different cost structures. For example, cloud ERP systems may cost you almost 30% less than on-premises ERPs. Cloud-based ERP systems are viable options for fabric manufacturers looking to scale quickly or for those who lack the technical infrastructure and expertise to support on-premises deployments. Cloud ERP systems typically have lower upfront costs and shorter implementation times, and they incur operating expenses (OpEx) that are spread over time, making them cost-effective in the long run. As a result, it is estimated that almost 53% of businesses using ERP opt for cloud-based deployment. On the other hand, for larger textile corporations with IT infrastructure and more complex and specific needs, on-premises ERP solutions might be the preferred choice. On-premises ERPs offer more control and data security, which might appeal to certain businesses. However, they come with higher initial costs and longer implementation timelines. Additionally, they require ongoing post-installation maintenance, resulting in capital expenses (CapEx). Consider Tangible & Intangible Benefits: Not all benefits derived from an ERP implementation in a textile business can be quantified. Some are intangible and significantly contribute to an ERP’s long-term benefits. Tangible benefits (hard ROI) are quantifiable and directly measurable outcomes that lead to cost savings or increased revenue. Intangible benefits (soft ROI), on the other hand, are challenging to quantify but equally important. Tangible Benefits Intangible Benefits Streamlined allocation of resources Improved cross-team collaboration Reduced inventory of costs Increased customer satisfaction Better management of equipment Systematic workflows Decreased labor expenses Legal & regulatory compliance Less WIP time Accurate maintenance of various records Be Realistic: The textile industry is complex and dynamic. Therefore, when estimating textile ERP ROI, it’s essential to be realistic about the potential benefits and costs. Take into account past experiences, industry benchmarks, and feedback from ERP vendors or other companies that have implemented similar systems. The benefits received from a textile ERP are gradual and takes some time. Hence, having over-optimistic projections can lead to disappointments if the expected returns are not achieved. Conversely, lower projections can lead to underuse of the ERP and may result in continued inefficiencies in the textile manufacturing process, lost opportunities, and time. Pre and post installation usage: Any standard ERP implementation process involves two stages, both significantly contributing to an ERP’s return on investment. Consider both before estimating your textile ERP ROI to ensure you derive accurate results. The costs associated with the pre-installation stage are related to planning the implementation, setting up the required hardware or software, migrating data from any existing system, etc. Vendor support plays a crucial role in all this as they provide the expertise and customization needed to fit the specific needs of your textile business. Once the ERP system is live, the post-installation phase begins, and this involves costs related to user training, system maintenance, upgrades, and additional customization. Given the complexities involved in the textile business, proper training and system maintenance is essential to ensure ease of use and optimum utilization of the ERP. Role of ROI Calculators in Calculating Textile ERP ROI ROI calculators simplify complex financial calculations by considering multiple scenarios. These user-friendly calculators provide a structured framework for inputting data, automatically performing calculations, and comparing potential outcomes. By assessing various scenarios, decision-makers can identify the most viable ERP approach based on risk levels and business strategies. Estimating textile ERP ROI is a complex process that requires careful consideration of various factors. By selecting a reasonable forecast period, choosing the appropriate deployment model, and accounting for both tangible and intangible benefits, you can create a more comprehensive and accurate ROI analysis. Being realistic in your projections and evaluating pre- and post-installation usage will help ensure that the derived results are meaningful and valuable for making informed business decisions. Remember that ROI calculation of a textile ERP system is not just about immediate financial gains. It’s also about enhancing organizational efficiency

7 Best Practices to Ensure Successful Textile ERP Implementation Schedule Meeting An effective Enterprise Resource Planning (ERP) system is crucial for the textile industry, streamlining operations and enhancing overall efficiency. However, ERP implementation can be a complex process, and without proper planning, it may lead to failure and costly setbacks. Some recently recorded data shows almost 50-70% of ERP implementation strategies fail. To ensure a successful textile ERP implementation, businesses must adhere to best practices that have proven to yield favorable outcomes. In this blog, we will explore the seven key steps that can pave the way for a seamless and productive ERP implementation in the textile industry. Why does an ERP implementation strategy fail? Some of the common reasons why a textile ERP implementation strategy may fail include: Inadequate Vendor Support Though most ERP vendors provide round-the-clock service 99.9% of times, if your chosen ERP vendor fails to provide the required assistance or support during critical phases of the implementation, it can lead to misconfigurations and unresolved issues. The absence of prompt vendor responses hampers the system’s overall performance and results in frustrated users. Poor Planning and Alignment As high as 57% of ERP implementation projects take longer than expected, this happens mostly because the ERP project lacks a well-defined strategy and roadmap. This may result in increased expenditure. In addition, failure to align the ERP functionalities with the company’s requirements can lead to functionality gaps, where the system may not adequately address critical processes or fail to support essential business operations. Data Integration Issues Data migration is a complex aspect of ERP implementation, and any inaccuracies can have severe consequences. Surprisingly, data integration issues stand as one of the top 3 issues that lead to ERP implementation failure. Incorrectly migrated data can lead to inconsistencies and errors in crucial business information. For instance, incorrect inventory data may lead to stock discrepancies, affecting production schedules, and customer orders. Insufficient User Training It is found that out of all the companies that suffer an ERP implementation failure, 95% of them don’t give importance to user training. Inadequate employee training can lead to resistance to change and hamper user adoption. Employees may struggle to navigate the ERP interface which can result in reduced productivity and increased errors in the long run. Inadequate Framework 40% of companies using ERPs already suffer operational disruption and this is mainly because of a lack of clear framework. Without a framework, there may be confusion about roles, responsibilities, and timelines. This lack of direction can lead to disorganized efforts and hinder progress. Ultimately it can result in the complete failure of the ERP implementation. Lack of Commitment The commitment of top management and key stakeholders is vital to the success of ERP implementation. If they do not actively participate in the project or provide the necessary resources and support, it may lead to resistance and a lack of motivation to embrace the new system. 7 ERP Implementation Best Practices Choose the Right ERP Vendor Selecting the appropriate textile ERP vendor is the foundation of a successful implementation. They will help you with the installation, customizations, employee training, etc. Therefore, choosing an appropriate vendor is the first step you can take toward a successful ERP implementation. Evaluate vendors based on their experience in the textile industry, track record, and customer reviews. The chosen ERP vendor should offer robust support services, both during and after the implementation process. Vendors that provide regular updates and improvements to their ERP software should be preferred. Choose the Implementation Team Wisely The success of the ERP implementation depends heavily on the expertise and dedication of the implementation team. Assemble a diverse group of individuals from different departments who possess relevant skills and experience. A cross-functional team can bring a comprehensive understanding of various business processes, ensuring that all aspects of the organization are considered during the implementation. Assign a capable project manager to lead the team and oversee the implementation process. The project manager should have strong communication and organizational skills to coordinate efforts and keep the project on track. Set your Business Priorities Before embarking on the ERP implementation journey, businesses must clearly define their priorities and objectives. Conduct a thorough analysis of the existing processes, identifying pain points and areas that require improvement. Align the chosen ERP system’s capabilities with your business goals to ensure that the implementation directly addresses your organization’s unique challenges. Data Migration Data migration is a complex process that involves transferring data from the old system to the new ERP. To ensure a seamless transition, perform a comprehensive data audit to identify potential issues, data redundancies, and inconsistencies. Clean and validate the data to eliminate errors and ensure accuracy. Establish robust data mapping between the old and new systems to ensure that data is correctly transferred and remains coherent throughout the migration process. Data integrity is crucial to avoid disruptions in operations and maintain the continuity of business processes. Employee Training Employees are the end-users of the ERP system, and their successful adoption is fundamental to the implementation’s success. Provide comprehensive training sessions for employees, tailored to their respective roles, and responsibilities within the organization. Hands-on training, simulations, and workshops can help employees become familiar with the ERP interface and functionalities. Continuous support and access to resources, such as user manuals and FAQs, are essential to address any post-implementation challenges and reinforce training. Have a Proper Framework Developing a well-structured implementation framework is essential to guide the ERP project from initiation to completion. Clearly define milestones, timelines, and responsibilities for each phase of the implementation process. Regularly monitor progress against the set milestones and promptly address any issues that arise. Encourage open communication within the implementation team to foster collaboration and adaptability. Be Fully Committed Commitment from top management and stakeholders is a cornerstone of successful ERP implementation. Leaders must actively engage in the process, demonstrating their support and enthusiasm for the project. By allocating necessary resources, time, and budget, management can create a culture

Top 5 Software for Textile Manufacturers Schedule Meeting The global textile market is projected to grow at a CAGR of 7.6% from 2023 to 2030. As this fast-paced industry continues to expand, technology has emerged as a powerful catalyst, driving innovation and efficiency. Amidst the multi-layered operations, software for textile has become the thread that binds together every aspect of this complex and dynamic industry. From streamlining production processes to enhancing quality control, the right textile industry software can redefine the landscape for manufacturers, paving the way for transformative leaps forward. In this blog, we will shed light on the top 5 game-changing textile manufacturing software that are revolutionizing the way the industry operates. Software for Textile: Streamlining Processes and Boosting Efficiency iTexClouds Fiix CMMS Software Textronics Design Dobby Microsoft Excel FastReactFabric iTexClouds – A Cloud-Based ERP in Textile Industry iTexClouds is a comprehensive Enterprise Resource Planning (ERP) software specifically designed by industry experts for fabric manufacturers. This textile industry software equips users with 12 modules that can cater to all aspects of the textile manufacturing process. Right from receiving an order to planning the production to exports, this textile industry-specific ERP can help with everything. The visual loom planning module simplifies the production planning by allowing manufacturers to view all their looms on a single screen. With the barcoding feature, fabric manufacturers can monitor and track inventory and finished goods at all stages of the production process. In addition, the ERP also allows seamless 3rd party integration to facilitate data exchange between different applications and allow users to take data-driven decisions. What’s best? It can be easily implemented within 1 week to 3 months, depending on the scale of manufacturing. Benefits of iTexClouds ERP for textile manufacturers: 2-3% reduction in inventory carrying costs 2-3% reduction in inventory levels 3-5% increase in profit margin 25-30% increase in employee productivity 50-70% increase in customer satisfaction and retention Fiix CMMS Software The Computerized Maintenance Management Software for textile industry by Fiix allows textile manufacturers to manage all their maintenance, including thousands of assets, work orders and parts, in one place, with just a few clicks. Powered by AI, this textile industry software helps maintain uptime and productivity, mobile work order management, and predictive maintenance. It also provides real-time reporting and analytics and helps take care of audits, compliance, and safety. The mobile app allows offline access to asset records anytime, anywhere. Textile manufacturers get complete visibility of all open and upcoming work orders across various sites. The software allows automatic maintenance scheduling upon anomaly detection and the drag and drop feature allows easy creation of a data hub to facilitate data-driven decisions. To top it all, there is a single dashboard that allows tracking all compliance tasks in one place. Benefits of Fiix CMMS for Textile Manufacturers: 27% reduction in unplanned downtime 10% reduction in operating and production costs with the help of Fiix’s analytics platform Creating and assigning work orders take less than 20 seconds The audit trail tool allows finding records in less than 30 seconds Seamless tracking of asset maintenance costs to justify CapEx decisions Textronics Design Dobby Design Dobby is a CAD/CAM software used in textile industry for dyed yarn and dobby woven fabrics. This software provides a comprehensive solution to designers and allows them to visualize and execute designs in real time. With its automated capabilities, it can seamlessly incorporate weave patterns in designated sections, incorporate desired warp and weft structures into textile designs, and integrate colors according to loom specifications. With this software, designers can eliminate the need for getting into machine specific details like values, colors, etc. The auto-generation of unlimited design patterns allows manufacturers to respond to customer needs quickly. It also supports all types of yarn creation and ensures complete size and color accuracy. The simulation module simplifies dobby weaving by bringing it to life on a screen. There is a design database that stores all the designs and makes it easy for designers to locate designs as per their requirements. Benefits of Design Dobby for Textile Manufacturers: Easy creation of true-to-life simulations for all types of fabrics Effortless creation of complex weave structures by combining different weaves Seamless integration of dobby effects directly onto designs in ornamentation or extra warp mode Automatic pattern creation based on a selected design Unlimited yarn count simulation from 0.01 to 1000 Ncc Microsoft Excel Microsoft Excel has been one of the most popular software for the textile industry for decades. Manufacturers rely on Excel to track and manage various aspects of their operations, including inventory. It provides the flexibility to categorize items, assign identifiers, and monitor stock quantities accurately. With customizable templates, manufacturers can integrate Excel into their workflows and make informed decisions based on real-time information. It gives flexibility in designing and customizing spreadsheets to meet specific business requirements. The intuitive features such as sorting, filtering, and conditional formatting enhance usability. In addition, Excel’s validation rules help ensure data accuracy and integrity. Benefits of Excel for Textile Manufacturers: Customized spreadsheets for tracking and analyzing various aspects of the business Easy calculation of stock totals with Excel formulas and functions Maintain order records, including customer details, order quantities, and delivery dates Create comprehensive reports, charts, and graphs to visualize financial performance Track production progress, monitor deadlines, and optimize resource allocation FastReactFabric – A single platform to combine fabric buying and cutting FastReactFabric is a comprehensive fabric planning software for textiles that seamlessly integrates fabric buying and fabric cutting operations into a single platform. By combining these critical processes, textile manufacturers can gain valuable insights into real-time fabric usage and wastage. The software offers accurate fabric buying forecasts, precise planning forecasts for increasing colorways and complexity, and optimized cutting plans that remove bottlenecks and reduce remnants. Textile manufacturers benefit from the eliminated manual efforts for fabric planning resulting in reduced duplication of data entry, workload, and errors. This software leverages big data analytics, eliminating errors and saving time spent on estimating size-ratios, wastage, and report compilation.

Excel Sheet: A Risky Foundation for Your Business Operations Schedule Meeting With a projected value of $3 Trillion by 2030, the global textile industry is continuously growing. As this industry is expanding, it is becoming increasingly complex and data intensive. Therefore, businesses operating within the textile sector must establish efficient data management processes to stay competitive. Traditionally the textile industry has relied on excel sheets, to handle their data. While excel has remained a staple in the industry for a long time, with advancing technology, Enterprise Resource Planning (ERP) systems have been gaining popularity due to their ability to integrate multiple facets of business operations.   This blog aims to cover the multiple aspects of Excel vs ERP for textile industry, and why the manufacturers must choose ERP as their textile software.  Excel vs ERP: Quick Differences  Need for ERP in the Textile Industry Insufficient use of appropriate technology has significantly contributed to the textile industry’s struggle with low-capacity utilization as low as 40-50%. This can be attributed to the industry’s complex nature, involving multiple processes like order processing, production planning, procurement, inventory management, finance management, and so much more. These generate vast amounts of data that textile manufacturers must accurately capture, analyze, and utilize to make informed business decisions. Not doing so can lead to inefficient operations, financial bottlenecks, etc. Hence, it becomes imperative for the industry to adopt suitable technological solutions that effectively manage this vast amount of data.  Let’s take a look at some reasons why the textile industry needs an efficient ERP system:  1. Handle Inventory Data: The textile industry heavily depends on efficient handling of inventory data such as stock, levels, demand forecasting and procuring as per need, etc. Without proper management of inventory data, textile manufacturers can suffer from unforeseen losses, increased wastage, stockouts, and so much more. Hence, textile software is crucial for manufacturers to keep track of inventory and take decisions proactively. 2. Handle Order Processing: Order processing is a crucial and complex aspect of textile manufacturing that involves a large amount of data. These include accurate order entry, order confirmation, planning materials and resources to complete a particular order, etc. ERP software used in textile industry allows manufacturers to carry out these tasks seamlessly and meet their delivery timelines.   3. Manage Finances: A complete textile production cycle, right from receiving orders to settling invoices, generates a lot of financial data that must be maintained. Inaccuracy in this may lead to issues in balance sheets, financial losses, invoicing troubles, etc. Textile software solves all these issues and enables manufacturers to keep track of all their finances efficiently. 4. Increased Visibility: Complete business visibility is crucial for textile manufacturers to ensure streamlined operations, optimum utilization of resources and timely order processing. ERP software ensures manufacturers stay up to date with all data related to every aspect of their business. This transparency helps identify bottlenecks, minimize delays, and improve overall efficiency.  Limitations of Excel for the Textile Industry While Excel has been a popular tool for data management, it has several limitations that make it inadequate for the complex needs of the textile industry: Manual Data Entry: Excel requires manual data entry, making it prone to human errors, duplication, and inconsistencies. In the textile industry, where accuracy is crucial for managing vast inventories and supply chains, relying on manual processes can result in costly mistakes.  Lack of Integration: Excel operates as a standalone tool and lacks seamless integration with other systems. This makes it challenging to consolidate data from different sources and limits the ability to automate processes, leading to inefficient workflows.  Limited Scalability: Excel is not designed to handle large volumes of data and complex operations. As textile businesses grow, they face challenges in scaling their data management processes using Excel, resulting in increased time consumption and decreased efficiency.   Lack of Real-time Updates: Excel operates in a static environment where data updates are manual. In the textile industry, where real-time visibility is crucial for efficient decision-making, Excel’s lack of real-time updates can lead to outdated information and misinformed decisions.  Complex Data Analysis: Excel has limited capabilities for complex data analysis, making it challenging to derive meaningful insights from large datasets. In the textile industry, where analyzing trends, forecasting demand, and optimizing production processes are critical, ERP systems offer advanced analytics tools for more sophisticated analysis.  Advantages of ERP Over Excel for the Textile Industry  The global textile ERP market is experiencing significant growth, with a promising compound annual growth rate (CAGR) of 10.2%. By the year 2026, it is projected to reach a substantial market value of $78.4 billion. In the textile industry, the implementation of textile ERP systems offers numerous advantages over relying solely on Excel: Automated Data Management: ERP systems automate data entry, processing, and reporting, reducing human errors and ensuring data integrity. This automation saves time and resources, allowing employees to focus on more value-added tasks.  Seamless Integration: ERP for textile industry offers seamless integration with various modules, such as finance, production, inventory, and sales. This integration enables real-time data exchange, eliminates duplicate data entry, and provides a holistic view of the entire textile business.  Demand Planning and Forecasting: ERP systems provide robust demand planning and forecasting capabilities. By analyzing historical data, market trends, and customer insights, textile businesses can accurately predict demand, optimize production schedules, and minimize stockouts or overstock situations.   Efficient Resource Allocation: ERP systems enable effective resource allocation in the textile industry. By integrating production planning with inventory management, businesses can optimize resource utilization, minimize waste, and enhance overall operational efficiency.  Customization Options: Unlike Excel, textile ERP systems offer extensive customization options. Textile businesses can tailor the system to their specific requirements, incorporating industry-specific features and workflows. This flexibility enhances operational efficiency and supports unique business processes.  Streamlined Financial Management: ERP systems streamline financial management processes in the textile industry. They automate invoicing, payment tracking, and financial reporting, reducing manual errors and facilitating accurate financial analysis. This helps textile businesses gain better control over their finances and

5 Benefits of Outsourcing Salesforce Administration Schedule Meeting In today’s business landscape, Salesforce has become a critical CRM tool for companies aiming to maximize efficiency, enhance customer relationships, and drive revenue growth. As per records, more than 150,000 companies worldwide are actively using Salesforce in their day-to-day processes and this number is only escalating. In today’s business landscape, Salesforce has become a critical CRM tool for companies aiming to maximize efficiency, enhance customer relationships, and drive revenue growth. As per records, more than 150,000 companies worldwide are actively using Salesforce in their day-to-day processes and this number is only escalating. However, managing and optimizing Salesforce can be complex and time-consuming, diverting valuable resources from core operations. This is where the strategic decision to outsource Salesforce administration comes into play. This blog dives into five compelling advantages of outsourcing Salesforce administration, shedding light on how this strategic move can drive sustainable growth, improve customer satisfaction, and unleash the full potential of Salesforce. So, without further ado, let’s explore how outsourcing Salesforce administration can revolutionize your business and propel it towards greater success. Why do companies need Salesforce administrators? While Salesforce has consistently maintained its position as the market leader as a CRM vendor, holding as high as 23.8% of the market share, it is a vast and complex platform! And with its plan of continuously integrating new clouds, its growth and complexity is only poised to increase.  Given how large and complex Salesforce has become, it demands various roles, expertise, and skills to optimize the platform. After all, the ultimate success for a company using Salesforce solely depends on how well they are able to configure it according to their needs. This is where the role of Salesforce admin in a company becomes indispensable. A Salesforce certified admin can:  Help companies customize Salesforce to align with the specific needs and processes of the organization, ensuring a tailored CRM solution.  Handle the day-to-day management and maintenance of the platform. This includes everything from user management, data integrity, security settings, to system updates.  Serve as a bridge between business owners and technical teams by collaborating with stakeholders to understand requirements and translate them into Salesforce configurations.  Ensure data accuracy and integrity within the CRM system, implement data governance best practices, and enforce data quality standards.  Stay abreast of the frequent updates and features, keeping the system up to date and leveraging new functionalities to optimize business processes. Why outsource Salesforce administration? The rising demand for efficient Salesforce administrators is directly proportional to the constant growth of Salesforce. In fact, as per research done by Salesforce, the company recorded a 148% job growth for admins in the US.   While hiring in-house individual or teams for managing Salesforce is okay, outsourcing Salesforce administration is a game-changer for businesses seeking to streamline their operations, capitalize on Salesforce’s full potential, and stay ahead of the competition.   Let’s look at the top 5 benefits of outsourcing Salesforce administration:  1. Gain Access to Expertise: Salesforce comprises multiple clouds and extensive features to help companies achieve long-term success. However, to leverage Salesforce to its full potential, companies need administrators who come with hands-on expertise in various facets of the platform. These administrators must also be able to update themselves with the frequent changes in the Salesforce platform. Having an in-house resource who can offer this level of expertise and who can also scale rapidly can be difficult for any company. However, outsourcing solves this problem. When organizations decide to outsource Salesforce management, they gain access to a wide pool of experts who are well-aware of the platform.  These experts keep themselves updated with all the recent developments surrounding Salesforce  They work with other Salesforce professionals, which makes it easier for them to deliver projects having varied requirements  Since they work with Salesforce all the time, they know the best ways to use the tool  2. Avoid Losses Due to Administrator Turnover: Hiring a Salesforce certified admin who can manage the Salesforce platform optimally is one challenge for companies. Retaining them for a longer period is another challenge. Moreover, the tech industry suffers from the highest employee turnover rate of 13.2%! This poses a constant threat for companies hiring in-house individuals to manage their Salesforce. When an in-house Salesforce administrator leaves, it disrupts the smooth functioning of the Salesforce platform, and can lead to potential losses. Outsourcing Salesforce administration saves this trouble for the companies as the cost of turnover is borne by the outsourced firm.  By outsourcing, companies can also save time and resources needed to hire new administrators  They can minimize the productivity gap that gets created upon an in-house administrators’ departure  Ensure a smooth transition when one administrator leaves and the other takes over  3. Very Little or No Ramp Time: When an in-house Salesforce admin chooses to leave the company and is replaced by a new one, it creates a productivity gap and invites losses. The new hire takes weeks or months (ramp time) to understand the current system, adapt to it, and reach his/her full potential to deliver the desired outcomes.  By outsourcing Salesforce administration, companies can ensure very little or no ramp time during their transition. It is found out that on average, companies can save nearly four weeks of ramp time if they have an outsourced Salesforce admin.  Outsourced Salesforce admins are already proficient in using the platform and hence, they can offer immediate support to the company  Reduced ramp time also ensures accelerated time to value and faster return on investment  Companies can avoid expenses associated with training, onboarding, and lost productivity during the learning period. 4. Increased Efficiency at Controlled Budget: Having a sole in-house Salesforce administrator may result in limited expertise, divided attention, and missed opportunities for efficiency and scalability. Additionally, companies often incur higher costs by employing in-house Salesforce administrators, paying 1.25-1.5 times the salary of an employee.  With outsourced professionals handling Salesforce management, businesses can leverage their expertise and experience to streamline processes, optimize workflows, and improve overall

Salesforce Price Hike: How Does It Affect End Users? Schedule Meeting Salesforce has long been a leading CRM platform, empowering businesses to connect with their customers and streamline their operations effectively. However, Salesforce’s announcement of hiking the prices on their products by an average of 9% has raised concerns among users. In this blog, we will explore the implications of the Salesforce price hike and shed light on how users can still gain significant value from their Salesforce investment. Understanding the Salesforce Price Hike: After maintaining stable list prices for seven years, Salesforce has finally decided to increase the costs of their products. The increase in list prices will be effective from August 2023 across Service Cloud, Sales Cloud, Industries, Marketing Cloud, and Tableau. The increased prices only affect new purchases or renewals Existing customers who have an ongoing contract have a grace period of at least 2 years before they start incurring the increased costs Take a look at the revised prices: Subscription Type  Former Pricing  Renewed Pricing  Professional Edition  $75  $80  Enterprise Edition  $150  $165  Unlimited Edition  $300  $330  Let’s take a closer look at how Salesforce price hike compares with its competitors in the CRM market. The bar graph below showcases the subscription costs of Salesforce and its major competitors for the Enterprise Edition: How does this benefit end-users? Despite being competitively priced, Salesforce offers unparalleled features and capabilities that set it apart from its competitors. Let’s explore how amidst the price hike, end-users still stand to gain benefits from their Salesforce investment: More Value through New Features: Since its last price hike in 2016, Salesforce has delivered around 22 new releases and added numerous features to expand the platform’s capacity and improve user experience. The price hike will encourage the customers to optimize their current Salesforce usage in order to get the most out of the platform. This involves identifying areas where the platform is underutilized or redundant and making modifications in their contracts to optimize the new features. The Power of Generative AI Integration: Over the past few months, Salesforce has released Generative AI products like Einstein GPT, AI Cloud, Sales GPT, Service GPT, etc. These products will allow customers to leverage the power of Generative AI through Salesforce helping them get valuable insights, lower costs, increase overall revenue, while ensuring increased efficiency. Upgrading and Customization Opportunities: With the price hike in place, customers can seize the opportunity to upgrade their existing Salesforce products. They can also consider expanding their usage to cater to evolving business needs. Furthermore, customization options allow businesses to tailor Salesforce solutions to their specific requirements, boosting competitiveness and business performance. Optimizing Salesforce Spending: Salesforce price hike prompts existing customers to reassess their Salesforce spending and find ways to maximize their returns on investment. Businesses can collaborate with Salesforce consultants and experts to optimize their current usage, streamline processes, and identify areas where cost-efficiency can be improved. In addition, the existing users who can currently enjoy a grace period before they start paying the increased prices can take this time to plan their Salesforce usage in advance. This will allow them to form strategies that will help them get the optimum benefits. Conclusion: While the Salesforce price hike poses challenges for end-users, it also presents opportunities for businesses to reevaluate their strategies and optimize their Salesforce usage. With a proactive and strategic approach, businesses can continue to harness the power of Salesforce and deliver exceptional customer experiences while ensuring cost-effectiveness and long-term growth.

10 Things to Consider When Choosing a Technology Partner Book Demo In today’s fast-paced world, technology is advancing at an unprecedented rate, growing 2X every 1.5 years. With global tech spending expected to reach USD 3,950 billion by the end of 2023, businesses face the challenge of keeping up with the latest innovations. The rapidly evolving technological landscape has made it more crucial than ever for organizations to seek a reliable business technology partner who can help them navigate this digital transformation journey effectively. To shed light on this critical aspect of business growth, this blog aims to provide insights into 10 important factors that organizations must consider when selecting a digital technology partner. By understanding these key considerations, you can make informed decisions, ensuring a successful partnership that aligns with your specific needs and propels your business towards sustainable growth in the digital era. 10 Key Considerations for Selecting the Right Technology Partner: Selecting the right tech partner can benefit you in more than one way. You can cut down on costs, increase ROI, access a pool of technical expertise, and get an edge in the competitive market. But what should you consider for selecting the right technology solution provider? Let’s take a look:  Partner’s Technical Expertise Attention to Delivering Value Understanding of Your Business Needs Generalists or Specialists Ease of Communication Transparency in Workflow Commitment to Your Business Success Creative Abilities Work Methodology Customer Support Partner’s Technical Expertise Look for a tech partner who not only supports you in your project ideas but also offers better suggestions that can help you achieve your goals faster. You must check: What current technologies they are well-versed with If they have the ability to learn and adapt new technologies If they can scale up and down as per changing technological landscape A partner with strong technical skills can navigate complexities, optimize code, and implement best practices, resulting in a reliable and robust product. Technical expertise reduces risks, enhances the overall performance, and ultimately contributes to the success of your partnership and project. Attention to Delivering Value When you first meet your potential digital technology partner and discuss your goals, challenges, etc., pay attention to how attentive they are in offering solutions that will help you gain a competitive edge. Are they only talking about monetary benefits? Are they trying to go beyond meeting project requirements? Are they focused on providing tangible value to your business? A partner who prioritizes value understands your goals and aligns their solutions accordingly. They actively seek ways to increase your return on investment, improve efficiency, reduce costs, and enhance user experiences. Understanding Your Business Needs Hiring a technology partner also means investing a significant sum of money with the aim of achieving better results. Finding a partner who understands your business needs is the first step to ensure your investment works out in the way you imagined. Is your partner able to anticipate future market needs? Are they able to identify opportunities in the industry and offer relevant solutions? Are they able to customize their solutions to meet your unique business needs? A partner who comprehends your business needs can better translate them into technological solutions, ensuring that the final product addresses your challenges and goals effectively. This alignment between technology and business objectives enhances the partnership’s value and drives meaningful results. Generalists or Specialists Generalists offer a broad range of skills and adaptability, allowing them to handle diverse projects and technologies. They can provide a holistic approach and cross-domain knowledge. On the other hand, specialists bring deep expertise in a specific technology or industry, offering a focused and in-depth understanding. They excel in niche areas, delivering specialized solutions. Choosing between the two solely depends on the complexity or specialization of your project. What are the specific technical requirements of your project? Does your project require industry-specific knowledge and expertise? What is the scale and scope of your project, and does it require a dedicated focus? By asking yourself these questions, you can gain clarity on your project requirement and make an informed decision regarding the choice between a generalist or a specialist technology partner. Ease of Communication No amount of technical expertise can help if you struggle to maintain active communication with your chosen tech partner. Ineffective communication can create a lot of information silos and raise risks of losses. Is your partner easily accessible? What is their usual response time? How effectively can you communicate feedback and how soon is it addressed? Clear and effective communication promotes a shared vision, facilitates timely decision-making, and minimizes misunderstandings. It also allows you to understand the project progress, ask relevant questions, and stay informed. Transparency in Workflow Transparency in workflow fosters trust, accountability, and effective project management. It opens the scope for effective communication and increases the chances of identifying potential bottlenecks or risks to making informed decisions. Is your partner providing sufficient visibility in their processes? Are you kept up to date with project timelines? Are you struggling to keep track of project milestones? Transparency helps you ensure that your technology partner operates with honesty and integrity. By promoting transparency, a tech partner demonstrates their commitment to open collaboration, which contributes to the overall success of the project. Commitment to Business Success Your business technology partner’s commitment to your success throws light on their dedication to your goals and long-term growth. A committed partner will readily invest time and efforts to build a strong and collaborative relationship. Is your partner proactively seeking ways to contribute to your business success? Are they ready to take ownership of their work? Are they offering strategic guidance aligned to your business goals? A tech partner who is truly committed will focus on delivering value that goes beyond immediate project requirements. Their commitment instills confidence, fosters trust, and lays the foundation for a fruitful and ongoing partnership. Creative Abilities With competition skyrocketing, what sets a business apart is their ability to innovate. Therefore, choosing a partner showcasing creative abilities is essential

How Infopine Helps Textile Manufacturers with its ERP Based Products? By Gaurav KumarDesignation -Digital Marketing Manager Book Demo Infopine’s have its flagship product named iTexClouds ERP. It’s a SaaS based Product completely focused for Textile manufacturing industry. It helps manufacturers to optimize their end-to-end business. Built with the input of multiple textile industry veterans with decades of experience. Seven Important Modules of iTexClouds: Sales Order Management – iTexClouds implements functions of order placement, order scheduling, shipping and invoicing. This module helps in sales planning too. It helps in online order entry with an enhanced visibility into sales. It also allows your organization to process orders more efficiently. It minimizes delays and backorders, and help in developing client connections. Production Planning & Control (PPC) – It is the first and foremost planning and estimation that textile production and manufacturing firm would take care of. iTexClouds ERP is planned utilizing special numerical calculation to respond to questions like: What will be the textile production capacity of the Business unit? How much raw material is needed? What must be the process of production? Whether it is cost-effective or not? How much workforce is needed? Etc to have a smooth production. This module is intended to design your creation a long way ahead on schedule, even before the manufacturing starts. Job Work Management – iTexClouds job work module provides a complete solution for job work material management with invoice and GST for both manufacturer to Jobber and Jobber to manufacturer management. Job Work is an important module for textile manufacturing unit. Quality Management – As a part of iTexClouds ERP, handles the traditional task of quality planning, inspection and quality control. It acquires and process the essential data required by goods receipt and production in order to achieve and protect a high standard of quality using proven methodologies. In textile manufacturing market to survive and succeed in the present scenario, it is crucial that you maintain a very high quality at all steps of your manufacturing process and iTexClouds ERP makes this happen for you. Exports Management – Managing, tracking and maintaining exports document is a tedious job and a challenge in textile industry. iTexClouds ERP has a beautiful and efficient way to take off all your export documentation load and make it easy for you & handle even the tiniest export-related task. It is designed to digitise export compliance and transactional functions. Payroll Management – Payroll is defined as a method of managing employees’ salaries in the organizations. This software consists of pay calculation and different deductions of the staff, administrating other benefits and payments of their salaries. This module of iTexClouds ERP helps textile manufacturers to manage end to end payroll of their employees. Financial Accounting – iTexClouds ERP system gathers financial data from various departments and generates valuable financial reports. This module of the application helps to take important financial decisions and manage budget. Financial position of the company can also be tracked at any moment with Financial accounting module. COVID-19 migrated business around the globe towards digitalization. Hence it was virtually impossible to use traditional ERP to manage the huge growth for Industries. Infopine empowers digital transformation for mid-size and large enterprise through an integrated set of next generation services. With technology innovation and proven delivery methods.