subject: How Erp Modules Can Help Your Business [print this page] ERP stands for Enterprise Resource PlanningERP stands for Enterprise Resource Planning. It is a high-end fully integrated business management system (software) that covers functional areas of an organization like finance, production, development, accounting, manufacturing, logistics, human resources, sales and marketing. It is a globally high-end tightly integrated business solution system and can be customized to the specific needs of business. It can help businesses streamline their processes and run smoothly. It amalgamates the data from various departments of an enterprise (business) and can help you plan your business processes going forward smoothly. This article is all about different ERP software modules and how they can help you plan your business in efficient and systematic way.
Financial Accounting
Finance department is one of the main areas of an enterprise (business). Of course, you need to make sure you have a good overview of all financial activities made in your organization. This module of ERP will allow you to have a good overview of financial activities like budgeting, general ledger, fixed asset, payables, receivables, cash management, financial consolidation, costing, cost management, activity based costing etc.
Human Resources
HR department is an imperative area of an enterprise. It is vital for a business to monitor human resource activities and processes. If it is not monitored well it can gobble unnecessary piece out of your budget. But having ERP system in HR Department you can capably monitor all of your HR processes and activities including recruitment, payroll, training, retirement, resignation, benefits, etc.
Manufacturing
ERP system in manufacturing unit will allow you know exactly what goes into manufacturing processes of your enterprise. It will save you time and money as well. With this module you can easily monitor manufacturing activities & processes including engineering process, bill of materials, workflow, scheduling, quality control, work orders, required materials, etc.
Project management
ERP module helps greatly in project management of an enterprise. You will monitor effectively how your business currently handles various projects. It helps in project planning, recourse planning and activity management. It helps monitor and planning project coasting, work break down structure, time & expense, billing and performance units.
Customer relationship management
ERP module helps an enterprise greatly in terms of customer relationship management. It is one of the most important areas of successful management of a business. It is because success of a business wholly depends on customers. With a good ERP system you will have a good overview of customer relationship management with various activities including sales & marketing, service, customer contact, call center support, commissions, etc. It is very help you in sale & marketing strategies for a business.
Supply chain management
An ERP software module can help you to monitor all of those activities that happen around your business too. You can check and monitor activities like purchasing, supplier scheduling, costing, commissions, claim processing, resource planning, supply chain planning, order to cash, inventory, etc. It will help you reduce supply chain costs.
Access Control
ERP module to access control will help you decide who can interact with the resource or who can access the certain date sets.
Thus, it is but obvious that various ERP software modules can help you control and monitor overall activities of your business and manage the system in every effective way.
