An ERP software solution comprises of different modules and applications on a single platform, which can be tailored to the specific needs of a particular industry and business. These specific needs cloud be industry and business-specific requirements.
Financial Management: This module is the bedrock of just about every other ERP system. It manages the general ledger and all financial data, tracks every transaction, including accounts payable (AP) and accounts receivable (AR), and handles reconciliations, financial closing, and reporting.
Procurement: The procurement module manages to purchase both raw materials and finished goods, automates both requests for quotes and purchase orders. Helps in optimizing inventory with demand planning capabilities.
Manufacturing: The manufacturing module typically consists of production management or a manufacturing execution system. The module helps manufacturers plan production and ensure stock availability for planned production runs, update real-time stock status during the manufacturing process, track actual output against forecasted production. The manufacturing module provides a real-time picture of the shop floor, calculates the average time to produce a product and analyses supply with forecasted demand for sufficient production.
Inventory Management: The inventory management module keeps track of current inventory levels down to every line and every SKU with real-time updates. It optimizes maintains stock levels based on present and forecasted demand.
Order Management: This module monitors and prioritizes customer orders across channels both online and offline and tracks their progress through delivery. An Order management module can speed up delivery with flexible fulfilment for improved customer experience and retention.
Warehouse Management: This module streamlines entire warehouse activities like receiving, picking packing and shipping. The warehouse management module is designed to yield time and cost savings by identifying efficient ways to complete these tasks.
Supply Chain Management: This module streamlines all the (procure-to pay) activities required to turn raw materials into finished goods or services along with the distribution and timely delivery of these products and services to customers and partners. This module allows the user to manage vendors and enables best vendor selection for increased efficiency.
Customer Relationship Management: The CRM module is gaining popularity across organizations and industries. It is built to track end-to-end communication across channels and touchpoints throughout the customer lifecycle. The module assists in nurturing sales pipeline, providing modern customer experience and boosting sales
Human Capital Management: The HCM module helps in keeping track of human capital data from hire to retire. It tracks attendance and productivity across departments, manages payroll, teams, and individuals, helps evaluate performance and appraisal. It is built to assist HR professionals across every touchpoint with the human capital throughout the hire-retire cycle.
Ecommerce: The eCommerce module lets both retailers and brands manage the backend and frontend of their online stores. Be it B2B or B2C, they can optimize the site, update product details, provide offers and boost sales. The eCommerce module lets both retailers and brands manage the backend and frontend of their online stores.
Marketing Automation: This module helps in executing efficient marketing campaigns, evaluating, and measuring ROI, rerun the campaigns after understanding what worked and what did not. It lets the user personalize and optimize marketing campaigns. This module is built to nurture leads, boost sales and increase customer retention.
Business Intelligence: Artificial Intelligence and machine learning capabilities are embedded into the BI module to deliver valuable business insights based on gathered information. With embedded predictive analytics, it is now possible to analyse ERP data to understand what had happened in the past and predict the future.