In today’s world Enterprise Resource Planning is termed as intelligent business solution that works to enhance productivity and increase profitability. The main purpose of ERP system is to interconnect different departments within an organization and improve flow of information. An ERP system consist several erp modules that work to improve different business processes which leads to overall increase in the efficiency of workforce. In simple language, an ERP module can be referred as a group of software programs that performs an important function in ERP software. Let’s take a look at different ERP modules present in ERP software.
· Administration module:
The admin module in the ERP looks over defining and assigning role to User’s. in simple language, it tells who has to do what in the ERP system. It also controls and manages User’s password policy. User session tracking, back-up, and database check are some of the functions and routine activities performed by Admin module.
· Finance module:
It is one of the important ERP modules. The finance ERP module collects financial data and generates reports such as quarterly financial statements, overall balance sheets, Profit and Loss A/c, Creditors balance, ledgers and several other financial reports. The finance ERP module is capable of taking care of all financial entries in the database and their effect on the system
· Sales and Marketing module:
The Sales ERP module manages different business processes such as order scheduling, order placement, order execution, invoicing, and shipping. Some ERP software companies offer combined Sales and Marketing module in ERP system. A combined Sales and Marketing module also handles business processes such as direct mailing campaign, lead generation and several other important marketing and sales functions.
· Human Resources module:
The main function of ERP HR module is to maintain employee data such as contact information, attendance, salary details, performance evaluation and several other important employee details. The HR ERP module stores and manages all employee information from application to retirement. In some ERP software solutions, the HR ERP module is divided in four major sections that include Recruitment, Training, Attendance and Payroll functions.
· Inventory module:
The primary function of ERP Inventory module is to maintain appropriate stock in a warehouse. The module recognizes inventory requirement, monitor item utilization, provide replenishment options, and report inventory status of all items in warehouse.
· Purchasing module:
The purchasing ERP module streamlines procurement of raw materials. Different processes such as recognizing potential suppliers, price negotiation, awarding purchase order and billing requires no human intervention. The Purchase module is strongly integrated with other modules such as production planning, inventory control to avoid over purchasing.
These are some of the functional ERP modules in a generic and customized ERP system. Nowadays, large and small businesses approach ERP Software Company to order customized ERP solutions. When you order a customized ERP solution for your business, the ERP software company developing the software studies different business processes within your organization and designs and develops an ERP system that streamlines flow of information and enhances efficiency of all employees. A customizer ERP system may contain ERP modules other than mentioned above.