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.
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.
Financial management or Accounting management is considered as one of the most important modules of ERP solution. The fact behind allowing for 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.
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
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.
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.”
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.