ERP in Mauritius
Situated approximately 2000km off the south-eastern coast of the continent of Africa, Mauritius is an island nation within the Indian Ocean. The island was visited by Arabs and Portuguese during the medieval period and was named as Dina Arobi and Cirne respectively. It gradually became an important base on the trade route between Europe and the nations to the Eastbefore the Suez Canal became operational. Mauritiuspossesses a multicultural, multilingual as well as a multiethnic population. It is well-known for its flora and fauna and is ranked high as a democratic country due to its political and economic freedom. It has adopted the Westminster Model of parliamentary system. Its capital is Port Louis.
Economy of Mauritius – A Synopsis
Once considered as an agricultural low income based economy, Mauritius has developed to a diversified economy with a middle income rate since its independence in 1968. With a well- developed commercial and legal infrastructure, Mauritius is now considered one of the successful democracies in the world. Foreign businesses and investments face a well-defined and transparent legal system and investment process in Mauritius. The economy of Mauritius is gradually diversifying and expanding further into sectors like Tourism, Financial Services, Economic Processing Zones and Sugar Manufacturing. Mauritius is the one of the world’s top luxury tourism destination and has many natural and man-made tourist attractions. The Tourism sector is the backbone of Mauritius’ economy and it is backed up by well managed hotels, good infrastructure and reliable operational services. Mauritius’ GDP for 2014 was over US$ 22,000 Billion and its GDP per capita is approximately US$ 17,000, one of the highest in Africa. The nation also provides a suitable environment for the growth of financial services and offshore activities like aircraft leasing and financing, offshore pension funds, international trading, international employment services, etc.
Enterprise Resource Planning in Mauritius
A comprehensive Enterprise Resource Planning (ERP)System provides full integration of all the core functions in an organization. A mature ERP Suite can be customized as per the customer’s requirement and then implemented rapidly to automate all the processes from Sales Order to Collections. An ERP also acts as a powerful Enterprise Automation Tool which enables the constant monitoring of all the intermediate stages in an enterprise. Any deviation from the accepted process is detected immediately in real-time and can be rectified before it has a cascading effect on the subsequent stages. An ERP also eliminates data duplication errors as all the transactional data is being securely saved in a single database and the same data is being used and transacted upon by everyone in the organization. It is a powerful Business Management Software which is extremely user-friendly and intuitive in nature, this ensures that even a semi-skilled workforce can be easily trained to work on it in the shortest possible time. An ERP also connects all the locations of an enterprise with the Head Office thus ensuring that the management is constantly aware of all their operations including those in remote areas.
Some Benefits of ERP for Mauritian Enterprises:
- Optimize Resources:With a successful ERP implementation, an organization is assured optimum utilization of scarce resources available at its disposal. Idle manpower resources are immediately visible and can be re-assigned to functions needing more manpower. Inventory levels of raw materials are constantly monitored and non-moving raw materials can be immediately identified and liquidation plans chalked out to ease the organization’s cash-flows.
- Company Management Integration: An ERP ensures the seamless automation and integration of all functions in an enterprise and bringing them to a single data platform. This ensures that there is no inter-functional dispute regarding data sanctity and there is “Only One Version of the Truth”. The Management has complete control over its business and well-informed decisions can be taken much faster.