Enterprise resource planning (ERP) systems have become a critical tool
for businesses over the past several decades. An ERP solution automates
critical business processes and serves as a shared database for all financial
and operational information from across the company. It pulls this data from a
number of modules built to help various departments, from accounting to supply
chain to human resources, perform their individual functions.
The finance and accounting module is the most important ERP module because it allows businesses to understand their current financial state and future outlook. Key features of this module
Read MoreThe finance and accounting module is the most important ERP module because it allows businesses to understand their current financial state and future outlook. Key features of this module include tracking accounts payable (AP) and accounts receivable (AR) and managing the general ledger. It also creates and stores crucial financial documents like balance sheets, payment receipts and tax statements.
The procurement module, also known as the purchasing module, helps an organization secure the materials or products it needs to manufacture and/or sell goods. Companies can keep a
Read MoreThe procurement module, also known as the purchasing module, helps an organization secure the materials or products it needs to manufacture and/or sell goods. Companies can keep a list of approved vendors in this module and tie those suppliers to certain items, helping with supplier relationship management. The module can automate requests for a quote, then track and analyze the quotes that come in.
A supply chain management module tracks each step in the movement of supplies and goods throughout the supply chain, from sub-suppliers to suppliers to manufacturers to distributors
Read MoreA supply chain management module tracks each step in the movement of supplies and goods throughout the supply chain, from sub-suppliers to suppliers to manufacturers to distributors to retailers or consumers. It can also manage any materials or products returned for refund or replacement.
Like with ecommerce, certain software providers have developed a marketing automation module. A marketing module manages marketing campaigns across digital channels
Read MoreLike with ecommerce, certain software providers have developed a marketing automation module. A marketing module manages marketing campaigns across digital channels like email, web, social media and SMS. It can automate email sends based on campaign rules and has advanced customer segmentation features, so customers only receive relevant messages.Marketing automation software, whether part of the ERP system or a separate solution, can provide detailed reports on the performance of campaigns to shape future marketing plans and spend. These applications increase leads, customer loyalty and, over time, sales.
Fast project turnaround time, substantial cost savings & quality standards.