Home 5 Basic Feature of ERP software
5 basic feature of ERP
ERP or Enterprise Resource Planning software provides and cover variety of essential functions that integrates every department of your business around the world by providing real-time view of your data and processes. ERP also streamline every department workflows for better decision making and growth. An ERP software package can help your business in many ways some of them are as follows:
To summarize ERP system helps in increasing your productivity level, profits and altogether growth of your organization.
Read our article on How to speed up your Business Processes with ERP solutions
There are many ERP available in the market that is specifically crafted for different businesses. Every ERP software consist of powerful modules depending upon the product you are selecting for your business and each modules functions differently to enhance efficiency and effectiveness of your organization. Many a times organization ignores the key features to keep in mind before selecting or implementing ERP software. These key features if not available can create a bias in future.
5 Basic Feature of ERP software
Financial management
Financial management or Accounting management is considered as one of the most important modules of ERP solution. The fact behind considering and testing financial management module is that it offers & ensures proper financial reporting. By testing financial management module before implementation you can assure you have a perfect component for financial reporting and Accounting management.
Read our article on Quick tips for successful ERP Implementations
Human Resource Management
Human Resource is another key feature and capability of ERP software as it deals with the most important people of your business – your employees. Previously HRM module was least consider as it was only managing the basic functionalities such as payroll, employee management and basic reporting. But today HR module has evolved and move beyond the limitations. Nowadays many key and added features such as performance assessment, time tracking, attendance management, scheduling, KPI are inbuilt in ERP HR module. Therefore it is necessary to check on the HRM functionality of ERP software
Customer Relationship Management
CRM feature deals with your entire customer, leads, and altogether the sale of your business. Nowadays CRM module is key and almost used by every organization who implements ERP solution for their business. A full fledge CRM module ensure proper management of lead, customer, opportunities and altogether better support to your customer and further growth in your business.
Apart from the above there are other modules such as Sales Management, Invoicing, Purchase management that needs to be checked before implementing and ERP solution. Now let’s move to other area of ERP features that need a check.
Read our article on Main Purpose of ERP software
Customization Capabilities
Customization capabilities in an ERP software is another feature that should be consider before implementing ERP solution. One must go through with all the customizable capabilities of the solution. Rigid ERP software without any customization capabilities may not be viable, as businesses workflow or process can change in future.
“Always remember to reduce the customization as it will decrease the timeline and cost both.”
Read our article on How Long does it take to Implement ERP solutions
Integration capabilities
Every business works in a unique way, sometimes organization even use 3rd party software which departments are not ready to accept in ERP solution or an Enterprise system for stakeholders. Therefore one must check the integration capabilities of the ERP software.
Read our article on How to Select the Right ERP system for your Business
About GlobalTeckz ERP Services
We at GlobalTeckz offer our clients with leading Open source ERP software implementation and customization. We select the best methodology and perfect ERP software to meet your business needs and requirements. For a demo you can contact us on sales@globalteckz.com
Other Article you might be interested in reading