Unlock the growth potential with Solar ERP Software

07/11/2022 18:33:34
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Opportunities in the Solar Industry

  • India receives about 3,000 hours of sunshine annually. 3,000 hours of sunshine translates into nearly 5,000 trillion kWh of energy! It is because of our prominent location near the Equator.

  • The demand-supply gap of electricity is around 12% of the overall energy demand. 

  • India is also aiming to achieve grid parity. 

  • Despite sunlight abundance solar energy makes up for less than 0.1% of the total capacity. 

Push by Government

  • Government Of India SOLAR PARK SCHEME DOUBLED FROM 20GW TO 40GW 

  • INTERNATIONAL SOLAR ALLIANCE- A treaty-based international intergovernmental organization, International Solar Alliance (ISA), aims at mobilizing more than USD 1000 billion of investment needed by 2030 for the massive deployment of solar energy. Established by Prime Minister Narendra Modi and President of France Francois Hollande on November 30, 2015,

  • Record low solar tariff rs 2.44/unit achieved in Bhadla, Rajasthan

  • India will increase its non-fossil energy capacity to 500 gigawatts … Second, by 2030, 50 percent of our energy requirements will come from renewable resources, as per PM Narendra Modi.

FUTURE OF SOLAR INDUSTRY IN INDIA

  • Shift to Electric vehicles has opened the doors of prosperity among solar renewable energy sector.

  • The demand supply gap of electricity is around 12% of the overall energy demand.

  • The Indian government is projecting to extend its solar plans, targeting US$ 100 Billion in investment and 100 GW by 2022. 

That’s why solar business has endless opportunity.

Need for Solar ERP – Key Challenges

  1. Companies can obtain accurate, real-time data on the various operations of the business. They can access up-to-date information on inventory, suppliers, sales, financials, and more. This helps them stay on top of everything so they can make better and faster business decisions based on data. 

  2. Effective utilization of existing resource - ERP software also assigns unique lot/serial number to batches of solar panel to track their storage. The information and data is stored centrally in servers, so that all the records and information is accessible at any given instance. Entire ERP software relies on the network of modules. It helps to find out the right position of solar panels.

  3. Need of business intelligence in ERP software uses various tools like data mining, data visualization, and data analytic to analyze the statistics. After analyzing the statistics, BI prepares a detail driven report so that strategic business decisions can be made.

  4. Supply chain logistics- As the solar plants are very far away located and most of the parts of solar panels are imported so it will lead to a problem of logistics that at which time which material should be sent at the project site. Hence, it is very important to have a real time update of supply chain. 

  5. Managing Field Staff - Sometime back-office team has hard time to view schedule and assign task accordingly for remote team. It becomes painful to locate them and provide information for customers and new activities. 

HIGHLIGHTS OF VERTS SOLAR ERP

  • Real-time insight into project status, costs and profitability

  • Real-time inventory availability, pricing and purchasing from distributors

  • Visual timelines and project milestones that trigger accounting events

  • Rich team chat to optimize internal company communications

  • Synchronization of project bills of materials (BOM) on sales orders

  • Project-specific document management with revisions

  • Solar-specific financial templates

  • Solar-specific key performance indicators (KPIs), dashboards and alerts

  • Budgeting and Cost Control

  • Accounts and Financing

  • Easy Handling of imports and exports with VERTS Export Handling Feature. No more worries on container information, taxes and other real time necessary details.

  • Tendering and BOQ (bill of quantity) Management - The bill of quantities is a document prepared by the cost consultant (often a quantity surveyor) that provides project specific measured quantities of the items of work identified by the drawings and specifications in the tender documentation.

  • With VERTS CRM, it is easy to track performance of every employee which is on field or off field.