Business entities face many problems in managing and organizing their business in hassle free manner. Now, managing business can be easy with the help of ERP (Enterprise Resource Planning) software.
ERP Software solutions help in managing all facets of business from inventory to manpower, clients, projects and the list goes on. Software solutions streamline and incorporate operations, processes and flow of information of a company. Enterprise Resource Planning (ERP) is the best software solution that you can bestow your business with.
Whether it is a small business or big enterprise, you must endeavour to all measures for smooth and hassle free running of your business. It is useless to have advanced computers for operations, if you don’t have ERP software solutions.
Importance of ERP Software Solution
An organization without real estate ERP Software implementation is just like living without being born. ERP system is important because ERP Software covers all the core function of a business organization. The impact of ERP software is not restricted to only one are of business but it affects all the business areas in positive way. A strongly incorporated ERP System bridges the gap between marketing, sales, quality control, purchase, stocks and many more. This will ultimately result in elimination of miscommunication and loses. The basic function of construction ERP Software is to amalgamate all departments and functions of the company into a single system that will serve the requirements and needs of all the departments. Thus, an ERP automates business process by making them standardized for whole organization.
Features/Modules of ERP Software Solution
ERP Software Solution handles all the core functional areas of business like production, account, sales, human resource, etc. ERP has all the intricate features or modules to meet the need of a business entity. The basic features or modules of ERP system are:
Key Features of HR and Payroll software:
This feature keep track of recruitment process, employee training and development efforts, maintains detailed records of each and every employee, combines data of daily attendance, completes monthly payroll processing and defines disciplinary and grievance processes.
Sales Management
This module keep maintain records of each and every action involved in sales process. It keeps track of enquiries, leads, deals, cancellation, complaint details, completion status, agreements & NOC, etc.
Financial Management
It also takes care of cash-flow, expenses, budgets, taxes, etc. and generates valuable financial reports by gathering data from various functional departments.
Purchase Management
This module keep track of material requisition, enquiry, quotation, price comparison, negotiations, purchase orders, material receipts and invoice generation in real time.
Inventory Management
It maintains record of stock availability. It acknowledge inventory requirements, supervises items usage, render refilling options and give account of inventory status of all the items.
ERP system intent to reduce gap between all the departments by making unified information
repository with the help of above modules.
Why your growing Business needs ERP Software?
ERP involves lot of careful planning and coordination to get above benefits. Your growing business can reap many benefits by implementing ERP system. Some of the benefits are:
Enhances business processes by providing accurate and timely accessibility of information and
resources.
Brings out the best of all the resources whether physical assets or human resources.
Ensures free flow of information across all departments of the organization.
Helps prompt decision making by providing accurate information at the accurate time in the
accurate manner.
Aids strategic planning that specifies objectives for the business.
Incorporates costs, profits and revenue information.
Cut down operational cost by coordinating various departments.
Ensures security of data.
Examines available resources and guarantee that resources are not wasted.
