What are the Main modules of ERP You Need?

You need an Enterprise Resource Planning (ERP) solution, but you don’t how to begin? ERP system is so broad – encompassing many both front and back-office functions, such as accounting and financial, HR, supply chain management (SCM), customer relationship management (CRM), project management, and more.

ERP system usually consists of different modules according to business area, which are the parts of the whole system. This approach significantly increases productivity of departments work as the data systematized and some processes automated.

Core ERP Components

•   Human Resources:

Managing your employees should always be priority number one. Without them, you do not have a company. Your HR ERP component should be able to handle the full spectrum of employee management, from on boarding to off boarding, and from benefits administration to timekeeping.

The biggest feature you need from a HR component is payroll software. Manually submitting payroll and issuing direct deposits is incredibly time-consuming and, frankly, not worth your time. Instead, an HR component automates payments, including tax and benefits deductions. With an integrated timekeeping feature, even payments to your hourly workers can automate, so you do not need manually input their time-sheets.

•  Finance

Another basic and no less important component is finance. Every company has to deal with money whether it is salary or payments for goods shipment. Thus, this module is compulsory. The basic Profusion ERP^® finance module features are:

1.  dealing with account transactions

2.  balance sheets payable and receivable accounts;

3.  Forecasts and others.

•  Inventory Management System

An inventory management module is one of the most important in Profusion ERP^® components. Inventory management works in tandem with the (SCM) component, also with processes, such as sales and warehousing. This main purpose of these components is to manage order and stocking a warehouse.

The best inventory management components come with tracking features that all but eliminate manual inventory control. These features include multi-level serial number tracking, revision level tracking and multiple units of measure per product ID.

•  Customer Relationship Management (CRM)

Its importance as the main aim is, of course, to meet the customer’s needs. CRM component stores all the customer’s data and helps to analyze it in order to perform the above goal. It provides opportunity to track buying history, calls, communication. CRM in this way boosts organization performance, as on the base of the stored info, it is much easier toconsider customer’s preferences and provide quality service.

•   Sales and Marketing

Components can present both together and separately. However, usually they have a similar function. Sales and marketing module is one of the core in Profusion ERP^®  components as it is the basis for the company revenue. Thus, it is very important to take care of marketing strategy in order to have sufficient funds for business management.

This module usually includes:

1.  Sales orderand Sales invoices.

2.  Customer management.

3.  Marketing methods.

•  Manufacturing

Not every company has manufacturing but in case organization has it, this module is necessary. It provides all the necessary information for manufacturing run. Manufacturing Profusion ERP^® module can include:

1.  bill of materials;

2.  records of working orders;

3.  Manufacturing methods and others.

This list of core ERP components can supplement according to organization’s needs.

Conclusion:

Business need for ERP system based on its components. In addition, with the company size and requirements they are vary in quantity. Whether to choose the ready-to-use ERP system with built-in components or to create your own one following your particular preferences is absolutely up to you. But if you are interested we are here contact us.