No-Code ERP system is a software application used for enterprise resource planning, it can be built without having any skills for coding or programming.
Various aspects of a business like their operations, accounting, inventory, human resources, and customer relationship management can be managed with its help. In the past building ERP systems required a dedicated developing team that specialized in programming, which used to be time-consuming and expensive, but now with the help of No Code platforms, it has become easy for businesses of all sizes to build an ERP system affordably.
By 2028, the market capitalization of the No code/Low code development platform market is projected to grow from USD 13.89 billion in 2021 to USD 94.75 billion. The rise in the need for customizable and agile software solutions is attributed to the rise in demand for automation and digital transformation across industries.
No Code ERP systems provide non-technical users with an intuitive and simplified interface. These also reduce the need for IT support and increase productivity. These ERP systems allow great flexibility and efficiency.
Benefits of using a No Code build ERP System
The global No Code/Low Code development platform market is expected to grow from $13.2 billion in 2020 to $45.5 billion by 2025, at a CAGR of 28.1%. This growth is driven by the increasing demand for faster software development and digital transformation across industries.
Understanding ERP Systems
Enterprise Resource Planning (ERP) refers to a software system specially designed to integrate and manage core business processes across an organization. It includes an integrated application suite that manages a variety of business functions, like finance, human resources, procurement, inventory management, supply chain management, and customer relationship management.
ERP systems provide a centralized and real-time view of important business operations which provides organizations with the data and insights they require to take informed decisions and boost their growth. It helps businesses in streamlining their operations, reduces costs, enhances productivity, and improves customer satisfaction.
Another report states that the valuation of the global ERP software market size in 2020 was USD 38.15 billion, and thereafter, the expected compound annual growth rate (CAGR) from 2021 to 2028 is expected to be 7.6%. This growth is because of the increase in the need for cloud-based ERP systems that provide real-time data analysis across various industries.
Types of ERP systems
There are multiple types of ERP systems designed to meet the various needs of different businesses. ERP systems are of different types based on the unique needs of different businesses. Mentioned below are some of the most commonly implemented ERP systems:
Key features of ERP systems
Some of the key features that are offered by ERP systems to help businesses efficiently and effectively manage their operations are mentioned below:
Managing finances: ERP systems offer tools for managing financial data, such as general ledger, accounts payable and receivable, billing, and financial reporting. This feature enables businesses to track their financial performance, forecast future earnings, and make informed financial decisions.
Human Resource Management: ERP systems offer tools for managing employee data, such as payroll, benefits, attendance, and performance. This feature helps businesses streamline their HR processes, improve employee satisfaction, and manage workforce costs.
Supply Chain Management: ERP systems provide tools for managing supply chain processes, such as procurement, inventory management, and logistics. This feature helps businesses optimize their supply chain operations, reduce costs, and improve customer satisfaction.
Customer Relationship Management: ERP systems offer tools for managing customer data, such as sales, marketing, and customer service. This feature helps businesses improve customer satisfaction, increase sales, and build stronger customer relationships.
Analytics and Reporting: ERP systems provide businesses with real-time data and analytics, allowing them to track key performance indicators (KPIs) and make informed business decisions. This feature enables businesses to identify trends, track progress, and monitor performance against goals.
Advantages of using No-Code platforms
Using no code platforms offers a range of advantages for businesses of all sizes. Some of the key advantages of using no code platforms include:
Accelerated Development Speed: No code platforms enable businesses to develop software applications and automate processes quickly and easily, without the need for specialized development skills or resources. This can help businesses save time and money on software development, and bring products to market faster.
Lower Cost: No code platforms generally require lesser resources and less specialized expertise than traditional methods for software development. This can help businesses save money on development costs and reduce their overall IT expenses.
Enhanced Flexibility: No code platforms offer businesses customizability for their applications and processes to meet their specific needs. This allows businesses to adapt to the dynamic market conditions and stay ahead of the competition.
Improved Collaboration: No code platforms include collaboration features that enable all teams to come together and collaborate seamlessly on projects in real-time. This can help improve communication, increase productivity, and reduce errors.
Increased Efficiency: No code platforms allow businesses to automate repetitive tasks and streamline their workflows, improving overall efficiency and productivity.
As per a report, no-code platforms have an edge when it comes to speed, as these can deliver up to 10 times faster application development and reduce development costs by up to 70%. Another report predicts that by 2024, low-code application development will be responsible for more than 65% of application development activity.
How to build a No Code platform for your ERP needs?
Determining your business needs
Before building a No-Code ERP system, it is important for businesses to determine their specific needs and requirements. This will ensure that the ERP system meets the unique needs of the business and is not burdened with unnecessary features or functionality. Here are some steps businesses can take to determine their needs:
Identify key business processes
Define data requirements
Consider user needs
Evaluate existing systems
Mapping out your ERP system
This is the next step in getting your ERP setup ready. Mapping out your No-Code ERP setup would include steps such as defining structures, planning various functionalities, and marking out which integrations are needed. Here are some steps to consider when mapping out your ERP system:
Define the structure: The first step is to define the overall structure of the ERP system, including the modules or components that will be included. This could include modules for sales, procurement, inventory management, accounting, and human resources, among others.
Identify data flows: Once the modules have been defined, it is important to identify the data flows between the modules. This includes identifying how data will be collected, stored, and shared between different modules, as well as any necessary data integrations with other systems or tools.
Define workflows: Next, it is important to define the workflows within each module, including the specific tasks and processes that will be supported by the ERP system. This includes identifying any necessary approval processes or notifications.
Identify user roles and permissions: It is also important to identify the different user roles and permissions within the ERP system. This includes defining the different levels of access that users will have to different modules and data.
Consider reporting and analytics: This step includes identifying the types of reports and analytics required to be set up, and integrations with other, third-party analytics tools.
By mapping out your no code ERP system in this way, businesses can ensure that the system meets their specific needs and requirements, improves efficiency and productivity, and provides valuable insights into key business processes.
Choosing the right No Code platform
When it comes to choosing the right No Code platform for your ERP system, there are several factors to consider. Here are some key things to keep in mind:
Functionality: The No Code platform you choose should have the necessary functionality to meet your business needs. Consider whether the platform offers the features and integrations you need, and whether it can handle the volume of data and users you expect.
User Interface: The platform should have a user-friendly interface that allows you to easily build and customize your ERP system without requiring coding skills.
Scalability: As your business grows, your ERP system needs may change. Choose a No Code platform that can scale with your business and accommodate future growth.
Security: Your ERP system likely contains sensitive business data, so it’s important to choose a platform that prioritizes security. Look for a platform that offers robust security features, such as data encryption and multi-factor authentication.
Support: Consider the level of support the platform offers. Do they have a dedicated support team that can help you troubleshoot issues and answer questions? Are there resources such as documentation and user communities available?
Cost: No Code platforms vary in cost, so it’s important to consider your budget and the pricing plans offered by each platform. Look for a platform that offers transparent pricing and no hidden fees.
By considering these factors, you can choose the right No Code platform for your business needs, such as Gridzy.ai. Use the No-Code platform availability to your advantage and build a powerful ERP system without requiring coding skills. Gridzy.ai is your doorway to jump into the future of automation, allowing you to save time and resources while making the best out of all your application-building needs in the most efficient way possible.
Building Your No Code ERP System
Building a No-Code system for an ERP can be a challenge, but there is a method to this madness. Read on for a stepwise guide on how to help design your own No-Code based ERP solution.
Mark out the needs: Identify and list out your business needs and the specific processes that you wish to accommodate and automate within your ERP along with all the data you need to manage.
Map Out Your ERP System: Create a diagram or flowchart of your ERP system. Determine the data flows and the interactions between different components of the system.
Choose the Right No Code Platform: Evaluate different No Code platforms and select the one that best fits your business needs and budget.
Database design: Plan out a structure for your database and define fields and parameters such as tables, fields, and linked arrays.
Set Up Your User Interface: Use the No Code platform to create forms and screens for data entry and retrieval. Design your own UI to manage data submission and visibility requirements.
Implement Workflows: Define workflows that automate business processes. Create rules that trigger actions based on specific events.
Test Your System: Perform thorough testing of your No Code ERP system to ensure that it meets your business needs and works as intended.
Launch Your System: Once your system is fully tested and validated, launch it for use by your team. Provide training and support to make sure that the users can navigate the system effectively.
Monitor and Improve Your System: Continuously monitor the performance of your No Code ERP system and identify areas for improvement. Use user feedback to refine the system and add new features as needed.
Integrating Your No Code ERP System
More and more software today is being designed keeping ecosystems and cross-platform collaboration in mind. One good example is the ease you get while working with your Google Drive and other Google apps while transferring data, settings, and information seamlessly across apps and devices.
In a similar fashion, No-Code ERPs and no code erp builders don’t have a reason to stay behind. No-Code platforms give you the convenience of linking your entire ERP setup with other business tools to manage workflows and tasks efficiently while staying productive.
Other benefits of integrations for your operations include:
Improved Data Accuracy
Enhanced User Experience
Maintaining Your No Code ERP System
Maintenance is crucial for any system, and ERPs are no different. Maintenance helps ensure that all the system components are working as intended and there are no bugs or issues that may cause crashes or downtimes.
Here are some points to consider for maintaining a no-code ERP system:
- Regular platform updates: No-code platforms are some of the most advanced options in the world of software, which means that they need updates every now and then in order to maintain the best order of functionality and prevent compatibility and performance issues.
- Integration management: In most cases, ERPs require various software integrations, which means that you need to ensure that your no-code ERP is properly integrated at all times and those integrations are tested on a routine basis to avoid any compatibility issues.
- Maintaining customizations: Customizing your ERP is a tempting necessity, but it is crucial to ensure that the customizations or modifications are first performed in a sandbox environment, tested, and then implemented in the main setup, in order to ensure that these do not bring in any anomalies.
- Monitoring automation workflows: One of the main advantages of No-Code platforms is that these offer a wide variety of automation possibilities. These automations, just like integrations, need to undergo regular check-ups, updates, and tests so that they function as required.
- Leveraging community resources: Community resources are a great way to stay updated with the latest information, and can help you more often than not, in case there are new updates that you missed or there are any issues you might be facing.
If you consider all the pointers listed above, you will have a smooth sailing experience with your No-Code ERP.
No Code ERP systems are cost-effective, time-saving, highly customizable, scalable, user-friendly and can be integrated with various platforms. More businesses are going to adopt No Code ERP systems as its market grows to improve their operations.
There has never been a better time than this to build your own No Code ERP System if you’re considering it. Some reasons to consider building your own No Code ERP System are that it’s easy to use, cost effective, customizable, scalable and supports integration with multiple platforms.
Thanks to the No Code development platforms, building your own ERP System is easier and more cost effective than ever before and with a No Code ERP system, a tailor-made system for every unique business process can be created. It can be upscaled as the business grows and can go a long way in helping manage the most complex components of your business.
FAQ’s Related to No-Code ERP System
Ques 1: – What are the 3 common types of ERP?
Answer: – There are three primary categories of ERP systems, each of which operates using a different deployment methodology. Cloud ERP, on-premises ERP, and hybrid ERP are the three most popular forms of ERP systems.
Ques 2: – What is the purpose of ERP?
Answer: –A form of software known as enterprise resource planning (ERP) is used by enterprises to manage routine business operations like accounting, purchasing, project management, risk management and compliance, and supply chain management.