Indigenous ERP: ERPNext to save the day for QuickBooks India users

After about a decade of its presence in India, Intuit has decided to discontinue its financial management suite, QuickBooks for its Indian customers. According to the Economic Times, although Quickbooks' Indian customer base contributes to only about 1-2% of its 100M global customer base, this online payroll, and accounting software provider has played a major role in providing its customers with Cloud accounting, invoicing, inventory management and cash flow management and this announcement would directly impact the services provided to its 15L+ Indian customers.

This announcement should not be a significant concern to us because there are a lot of alternatives available to Quickbooks in the Indian market, to name a few, there are #Zoho Books, #Xero, #FreshBooks, #Netsuite, and many more.

However, if you are a Quickbooks user looking to migrate to an ERP that not only takes care of your accounting and finance-related operations but also covers every aspect of your business operations and processes in one window, #ERPNext is a great alternative. ERPNext offers a very large workflow surface area cover for your business ops that can meet any current or future requirements.

With the ever-changing complexity of compliance and financial regulations in India, like GST, etc., processes turn out to be dynamic, coordination among departments becomes challenging and change can be a nightmare for every entrepreneur. We understand this and here are six good reasons why ERPNext is a good alternative:

1. Swift Migration: In a few clicks, the master data of your business could be migrated and in no time your business operations could be initiated on the new ERP. The opening balances of stock and accounts are easy to migrate and you could kick start the operations. Check the official documentation covering the migration steps* here

2. Quick and easy customisation: ERPNext is one of the most agile ERPs in the market. No matter how complex your process is, there’s an easy and quick solution for the tracking and moderation of all your business processes.

3. Quality is not hampered: ERPNext does not compromise with its quality of execution and emphasis on data integrity. ERPNext powers some of the leading unicorns and enterprises like #Zerodha, #Wallbox, #Neolync, #CERHI, and #Genfocus. All of them run ERPNext in a variety of use-cases respective to their Industry with large data volumes.

4. All-in-One Product: ERPNext is more than just accounting and finance. It has all the modules relevant for any organization to run its operations and seamlessly integrates them. Its modules include HR, Accounting, CRM, Stock Management, Manufacturing, Trading, Hospitality, etc., and could also cater to specialized business enterprises like Schools, Agriculture, Healthcare, Distribution Channels, and so on.

5. Large community Support: The saying that "it takes a village to raise a child" so is true in case of any ERP to effectively serve its market - it takes a large global community of developers, rather than a single house managing the product and various aspects of the same. The model ensures good separation of concern - by distributing the development and ownership for such a complex system like an ERP with its various modules and domains, with specialist community members and companies who are good in their respective specialization / domains. Thus ensuring the product is evolving in the best possible way vs a proprietary software solution.

6. Complete ownership of data and software - There are no royalties, no user limits, no hidden costs, no scaling problems, and no fear of discontinuation – ensuring complete ownership of the software and data.

Tacten efficiently managed the migration of an INR 100+ crore turnover company’s ERP from SAP to ERPNext. For more details, please visit us at tacten.co.