An enterprise resource planning system is software that helps organizations manage business functions and streamline operations with a centralized database and a user-friendly interface. Modules include accounting and finance, customer relationship management, supply chain, inventory management, manufacturing, human resources and business intelligence.
ERP Features
Accounting and Finance
The accounting and finance module tracks the company’s finances, including budget and expense planning, core accounting, revenue management and tax management
Manufacturing
Manufacturers can manage their shop floors, looking at elements such as work orders, bill of materials, quality control, engineering, manufacturing process and planning, and product lifecycle management.
Customer Relationship Management (CRM)
With the CRM module, businesses can manage their client-facing operations, such as sales, marketing and customer service. Employees can track sales prospects and customer pipelines. Users can also manage marketing tasks, including advertising and lead generation campaigns.
Human Resources
The human resources module helps organizations manage their hiring cycles from recruitment to succession. Companies can take advantage of the following features: applicant tracking, payroll, time and attendance, performance management and learning management.
Supply Chain
The supply chain module tracks products from manufacturing to warehouse to distributors to customers. Features include supplier scheduling, purchasing, inventory, claim processing, shipping, tracking and product returns.
Business Intelligence
A business intelligence module collects and analyzes data from multiple sources and helps users make better business decisions.
Inventory Management
The inventory management module can monitor materials and supplies through inventory control, purchase orders, automatic ordering and inventory scanning.
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