HostBoosks launches a comprehensive solution to upscale the manufacturing industry

By OEM Update Editorial May 29, 2024 2:12 pm IST

HostBooks has launched MFG 360°, a comprehensive solution designed to automate and integrate all aspects of the manufacturing industry. The software offers financial management tools, activity-based costing, routing optimisation, strategic business analytics, and compliance assurance.

HostBooks, a pioneer in integrated business solutions, has launched MFG 360°, its latest invention aimed at transforming the manufacturing industry by automating and seamlessly integrating all aspects of production. This comprehensive solution improves financial management, optimises operations, and automates inventory, supply chain, procurement, sales, and asset management.

The industrial industry is expanding rapidly, fueled by technological improvements and rising worldwide demand. According to current studies, the global manufacturing industry is expected to reach $12.1 trillion by 2025, with a compound annual growth rate (CAGR) of 4 percent from 2020. Over the next five years, integrating Industry 4.0 technologies such as AI and IOT is predicted to increase productivity by 30 percent while lowering operational expenses by 20 percent. This fast change is increasing efficiency and encouraging innovation, preparing the manufacturing industry for a period of sustained expansion and transition.

Kapil Rana and Biswajit Mishra, founders of HostBooks, said, “HostBooks MFG 360° is a game-changer for the manufacturing industry, offering unparalleled efficiency, strategic insights, and compliance assurance.” “Our solution empowers manufacturers to elevate productivity, streamline processes, and achieve sustainable growth.”

MFG 360° is a software that revolutionizes manufacturing processes by offering financial management tools, activity-based costing, and routing optimization. It provides strategic business analytics, ensures financial and industry standards compliance, and facilitates accurate budgeting and forecasting. The software also optimizes operations through workflow enhancements, AI-driven preventive actions, and efficient production planning. It excels in inventory management, supply chain visibility, and predictive planning. It integrates procurement and sales processes, manages customer and vendor relations, and oversees asset life-cycles to maximize utilization and minimize costs.

HostBooks Limited is a market leader in complete cloud-based business solutions, specialising in corporate solutions that address compliance, accounting, finance, and operational challenges. With eight years of experience, HostBooks uses Artificial Intelligence (AI), Machine Learning (ML), Big Data capabilities, and cloud computing to provide bespoke solutions for a variety of businesses. HostBooks is committed to innovation and client satisfaction, using cutting-edge technology to simplify and improve company processes, allowing businesses to reach their full potential.