Today many companies use an Enterprise Resource Planning (ERP) system to better compete with their market rivals. This software architecture facilitates the flow of data sharing across organizational units and geographical locations.
An ERP application helps to balance the business functions and represent the next generation planning solution. It integrates customer relations, accounting, finance, manufacturing, inventory, sales, human resources, asset, workspace and any other business functions.
An ERP mainly includes module for work force automation, business intelligence, customer relationship management and supply chain management. Easy integration, custom software extensions, web based application, high-quality ERP support services at the lowest possible cost urges ERP towards commercial success.
Rapid data collection and Input feeding, real-time aid to decision making, integrating distance information, disciplined and uniform approach, invoicing and accounting, maintaining the record up-to-date are some of the benefits achieved using an ERP system.
Employees get the best understanding of the business process using the better access of Information from the ERP package, which eventually improves overall operations and provides faster customer response.
The management processes can be simplified with the successful implementation of ERP. ERP delivers single database through online and real-time platform. It reduces data redundancy, increases personnel's ability and reduces capital equipment maintenance costs.
Investment, training cost, customization and maintenance charge pulls small and medium companies from being familiar with ERP, but larger companies finds ERP a better product as it ensures systematic approach, perfect functioning and strategic decision-making of Management.
Initially ERP is implemented for back office works to track records, but later ERP has been used front-office works which eases customer relationship management. Today not only retail companies but many organizations including schools, colleges, hospitals, and library require ERP indispensably.
Transactional database, Management dashboard, Business intelligence, Customizable reporting,
Internet based access, Document management, Messaging and chat, Workflow management are the major components of ERP system.
ERP providers do consulting, customization and support for the clientele depending upon organization size, features and modular functionalities and delivery time. Highly customized product will yield competitive, user-friendly and easily maintainable ERP software solution.
An ERP can integrate financial information and customer order information, systematize and boost up operations, reduces inventory and regularize HR information.
General ledger, cash management, fixed assets, payroll, training, recruiting, bill of materials, work orders, scheduling, capacity, workflow management, quality control, cost management, inventory, order entry, purchasing, inspection of goods, costing, billing, time and expense, activity management, sales and marketing, commissions, service, customer contact, call center support and management of user privileges for various processes can be manipulated using an ERP system.
