K8 vs Rise Business: Find the Best ERP Solution for your Company
By Rise SA Team, November 09, 2023
K8 System is a a cloud-based ERP and business management system that includes over 20 different modules for distributors, wholesalers, merchants and retailers. Rise Business is a bespoke ERP solution with powerful Supply Chain Management and WMS capabilities. At the first glance, the systems are very similar and cover the same goals. What system will suit you better?
Being first-class ERP systems, both solution have a similar functionality and share the competitve advantages:
- Intuitive interface
- Scalable to meet the needs of your business
- Consolidate your business finances, reduce costs and paperwork
- High-level management information at any time in one place
- Streamline your sales, purchase, and warehouse processes
- Reduce paperwork, waste, and manual errors
As you can see, the systems have a lot in common. Let's dive into the differences to help you make an informed desiccion of what solution better suits your business.
Overview of K8
K8 is a fully integrated cloud-based ERP and business management system that enables you to manage all aspects of your enterprise. he platform allows users to work with Supply Chain Management, Purchase Order Control Stock Management, Warehouse Management and more that is needed for a supplier and distribution business.
Overview of Rise Business
Rise Business is a bespoke integrated ERP solution with Sales, Purchases, Warehouse, Delivery, and Cost Centre Analysis. Built on the award-winning 1C:Enterprise platform, Rise Business will empower your warehouse and stock management, bring all stock balances from multiple sales channels into one system, and increase your sales and profitability.
Who is K8 for?
Kerridge Commercial Systems works with small businesses, multi-branch distribution companies, and global enterprises across the industries of distributors, wholesalers, suppliers, retailers, merchants, and more.
Whois Rise Business for?
It is well-suited for e-commerce, service, and wholesale companies, as well as for suppliers, distributors, franchisees, and importers.
Technology
Platform is available as both an on-premise and SaaS solution.
Technology
Platform is available as both an on-premise and SaaS solution.
K8 capabilities
Planning:
Project Management
- Forecast generation based on product demand
- Wholesale and retail sales
- Sales quotations
- Backorder management
- Customer-specific prising
- Flexible discounts
- Full invoicing and analysis
- E-commerce
- Purchase order management
- Purchasing (scheduled, manual, recommeneded, demand-driven)
- Importing
- Advanced warehouse management
- Bin location warehousing
- Inventory replenishment parameters
- Procurement strategies
- Delivery and vehicles management
- Supply chain management
- Distribution management
- Real-time inventory information
- Accounts Receivable / Accounts Payable
- General ledger
- Cashbook
- Asset management
- Business interactions with customers and suppliers
- Sales opportunities
- Quatations
- Complaint handling
- Reporting by the whole enterprise and by separate companies
- Detailed income and expense allocation
- Custom reports
- Tracks company performance against KPI
Project Management
Rise Business capabilities
Planning:
- Sales forecasts
- Purchase plans
- Inventory consumption plans
- Goods stock plans
- Wholesale and retail sales
- Sales quotations
- Backorder management
- Customer-specific prising
- Flexible discounts
- Full invoicing and analysis
- Consignment sales
- Seasonal indexes
- E-commerce
- Purchase order management
- Purchasing (scheduled, manual, recommeneded, demand-driven)
- Importing
- Advanced warehouse management
- Bin location warehousing
- Inventory replenishment parameters
- Procurement strategies
- Delivery and vehicles management
- Supply chain management
- Real-time inventory information
- Accounts Receivable / Accounts Payable
- Cashbook
- ABC/XYZ classification of customers
- Bulk emails and SMS
- Business interactions with customers and suppliers
- Marketing activities, channels and sources of advertizing impact
- Reporting by the whole enterprise and by separate companies
- Detailed income and expense allocation
- Custom reports
- Tracks company performance against KPI
As you can see, both systems can suit your business. They are flexible, scalable, customizable to any industry, future-proof, and can make your sales experience even better. Keedping in mind how exactly K8 and Rise Business differ, you can deside what system is better for you.
See the benefits of selling with Rise Solutions today. Talk to us to explore more exciting details about any system.
See the benefits of selling with Rise Solutions today. Talk to us to explore more exciting details about any system.