What is ERP Business Software?
ERP stands for Enterprise Resource Planning. It covers all the basic functions of an organization. It is a gateway that integrates the data and process of an organization in to single system with core business modules. ERP Business Software allows the business to achieve real time business process, improves delivery, increases productivity, improve information and performance management. The main purpose of ERP software is to facilitate the information flow so that business decision can be data-driven. This software allows to integrate all the operational units such as sales, manufacturing, human resource, finance & accounting, inventory management and so on.
Need for an ERP Software
Tracking all the business related activities is made easier with the help of ERP Business Software. It will help to keep a tab on all activities that are flowing in and outside the firm. It gives access to all reports in just a few clicks. It helps in regulating the financial status of business and figure the business trends, growth and help in planning the strategies. It can be serve as an great solution for all the business related issues like resources and automated services. Businesses can make use of this software to improve their growth and and upgrade their resources to the highest possible level.
An integrated ERP system helps you with:
a) Project Management: Project management overlook the initiating, planning, organizing and implementing of a project. ERP software get all what you need to bring work on time and on budget with better billing and project monitoring.
b) Financial Management: Financial management specifies the effective management of funds to accomplish the business objectives. This application can improve your control over company assets, cash flow, and accounting.
c) Supply Chain Management: Supply Chain Management (SCM) is the management of a system of all business procedure including acquisition of raw materials, manufacturing and dispersion administration of completed Goods. ERP system streamline your purchasing, manufacturing, inventory, and sales-order processing.
d) Customer Relationship Management: A better integrated CRM and ERP solution gives ability to your employees to access information in real-time. This system helps in improving customer service, and increases cross-sell and up-sell opportunities.