KATHMANDU, April 7: SumX, an innovative AI-powered enterprise resource planning (ERP) solution has officially launched, offering a modern and cost-effective alternative to traditional ERP systems.
According to a press statement issued by the company, the AI-powered ERP solution is designed specifically for industries such as government contracting, architecture, engineering, construction, and consulting. SumX aims to streamline back-office operations and deliver significant cost savings.
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According to Raju Karki, CEO and Founder of SumX, many small and medium-sized businesses struggle with expensive, outdated systems that require costly in-house expertise. "We are introducing an affordable solution designed to meet the distinct needs of project cost accounting, which can reduce the back-office budget by as much as 50 percent," Karki said.
The statement reads, “SumX is built to address the unique challenges of sectors that demand precise, real-time project profit and loss tracking, the allocation of indirect expenses, and adherence to complex labor laws. The platform integrates a seamless work breakdown structure (WBS) that provides executives with high-level visibility, while offering project managers granular insights into project costs and resource management. One of its standout features is its ability to easily integrate with external vendor modules, enabling smooth cross-functional data management across business operations.”
“The solution's focus on compliance is another key differentiator, ensuring businesses can meet labor laws and navigate complex, state-specific regulatory requirements with ease. SumX is also highly customizable and scalable, allowing businesses to tailor modules to fit their specific workflows and scale their operations as needed. Additionally, its plug-and-play modules enable a quick and affordable implementation, with the system up and running in as little as 30 days,” the statement further reads.
Built by industry veterans, SumX offers an intuitive platform that simplifies the management of projects, finances, resources, and compliance, making it an ideal solution for businesses looking to streamline their operations while reducing costs, as per the statement.