ERPNext at V3 Technologies
Successful implementation of ERPNext at V3 Technologies, a bespoke manufacturing unit specialising in precision manufacturing, having state of art CNC machines.
Tell us about your company, its products, its history
V3 Technologies engineering center in Bangalore city. Our manufacturing facility is equipped with the latest CNC machines from Germany & India. We also do 3D Modeling using Solid Works and NC Programming using MasterCAM.
How did you discover ERPNext?
We were advised by Grynn GmbH to implement a business management solution in order to gain control of finances and follow a path towards profitability.
Why did you choose to implement an ERP system?
You can't improve, what you cannot measure.
We operate in highly competitive market with new entrants using pricing strategy to gain market share. And we almost fell into that trap of pricing to the bottom by competing with them for the same work. Luckily we started to track our wins and losses via the CRM system and we worked out where our strengths were. Our price reflected high end design and reliable service for aerospace and transport industries.
Thanks to this insight, we brought back focus to hi-end engineering work and kept differentiating from our low cost competitors. Now, none of our customers will ever switch for reason of price. Because they know we deliver reliably when it comes to complexity & service. Thanks to ERPNext, we are able to price our value in the market.
What modules did you end up using? And how?
We use accounting, inventory, buying, selling and CRM.
What are the best things about ERPNext?
Ease of use and functionality
What were the key outcomes / benefits for your organization from implementing ERPNext
We can now focus on profitable growth.
Rushabh is a software developer and founder of ERPNext. He usually writes about the startup experience, open source and the technologies he is working on.