What is ERP Software ?
An Enterprise resource planning (ERP) software or system development helps organizations better manage their resources. The most vital aim to be achieved through ERP software is to integrate back office business processes and facilitating the information flow within an organization to take data-driven decisions. So enterprise resources planning software / system collects data from various levels of an organization and organizes it for business activities across departments. With a dedicated enterprise resource planning software / system development, an organization can standardize and automate its processes to achieve high level of efficiency in its operations.
Modules of ERP
Financial and Accounting
This module deals with accounting aspects. All accounting transactions are recorded. This is useful for Accounts and Finance Managers. Some ERP packages also provide Cost control functions which are helpful in cost control and decision making in which case it is called FI/CO module.It comprises General ledger, Accounts receivables, Accounts payable, Fixed Assets Accounting.
It is referred to as MM module. In a manufacturing firm materials account for 30% to 70% of total cost of goods sold. Materials have to be procured from right vendors at right time. The materials required for production have to be identified and ordered from reliable vendors. It involves reducing the inventory cost and also maintaining sufficient buffer stock so as stock out does not happen.
This is usually referred to PM module. In manufacturing the activities include machining by machine tools, pressing, forging, rolling, extrusion, welding,casting etc. apart from other activities depending on nature of business.A robust system of manufacturing planning business process and execution must satisfy a variety of business practices and production methods.
Human Resource Management
Human Resource Management is the process of recruiting, selecting, inducting employees, providing orientation, imparting training and development, appraising the performance of employees, deciding compensation and providing benefits, motivating employees, maintaining proper relations with employees and their trade unions, ensuring employees safety, welfare .
Sales and Distribution
Usually this module is referred to as SD module. As technological barriers have come down the thrust is on marketing and sales. The response to customers should be quick, the lead time has to be reduced, service level has to be increased and cost of shipping has to be reduced. These issues are addressed by Sales and distribution management module which is very usefull
The firms should satisfy the customers with the products of highest quality. Quality is to be assured not only in final product but also in processes, raw material and service also. This module supports quality planning, quality inspection and quality controls. There are tools like statistical quality control tools and quality charts which used widely in manufacturing organizations for process which is important part of system
It’s true that ERP software requires a major investment, but there’s also an even bigger cost in not making the investment. While some manufacturers choose to stick to the tried and true methods of the past, others seek technology solutions. With so many benefits that ERP provides, users can see improvements within multiple departments. Implementing the software helps to keep you ahead of the competition because you no longer run the risk of making costly business mistakes, which could place you behind the pack instead of ahead. Manufacturers cannot afford to put off an ERP implementation while their competition invests in ERP and starts reaping the many benefits we’ll touch on below.
Improved Process Efficiency
An ERP solution eliminates repetitive processes and greatly reduces the need to manually enter information, which not only improves user productivity, but it eliminates the possibility of inaccurate data which could lead to making costly business mistakes. The implementation of an ERP system will also improve daily business activities by streamlining business processes, which makes it easier and more efficient for companies to collect data, no matter what department they’re working in. Think of ERP as an extra hand and brain, designed to keep businesses on track, noticing every detail and making work life easier and more efficient, from software users down to its customers
Enterprise resource planning software gives your users, and especially managers, the tools they need to create more accurate forecasts. This helps software users, and businesses as a whole, think ahead and properly plan what they need from inventory and sales down to financials and customer service. With stronger forecasting, businesses can effectively decrease business costs, which saves money as well as become an more overall proactive unit. Since the information within ERP is as accurate as possible, updating in real time, businesses can make realistic estimates and more effective forecasts.
Nobody wants to run a siloed business with each department functioning separate from the other. Collaboration between departments is a crucial and often necessary part of the business, especially because business projects often involve more than just one department. With the data entered into ERP systems being centralized and consistent, there’s no reason why departments can’t work together, sharing information and collaborating whenever it is needed. The software also touches on almost every aspect of a business, thus naturally encouraging collaborative, interdepartmental efforts. The beauty of ERP software is that it updates in real time, so no matter if you are using ERP software in the morning, afternoon or from a remote location, the opportunity to communicate, share information and use data is always availble and accurate.
Did you know? Structured ERP systems allow the addition of new users and functions to grow the initially implemented solution over time. No matter how big or small your business is ERP grows with it, being able to occupancy new users and new rounds of data whenever your business is ready to expand. There is no worry about whether you will need a brand new system once a new user or two needs to be added, simply make sure that the enterprise solution that you choose is able to grow with your business because ERP should be able to facilitate that growth.
Enterprise resource planning software acts as a central hub for all of the important information that your business and the departments within it need to maintain daily business practices and operations. No more issues with data spread across separate databases; all information will be housed in a single location. This means you can integrate platforms like your CRM software with the ERP system, keeping data consistent, accurate, and unique. Know your customer, their orders, and your inventory, all in one place. There is also no need to worry about whether the information that you are using from the system is accurate, since it is updated in real time across the board. This improves your data accuracy, which eliminates making potential business mistakes with false data and analytics.
With every business, you want to be smart with your financials and avoid making costly mistakes that could hurt your business in the end. With one source of accurate, real-time information, enterprise resource planning software reduces administrative and operations costs, allows businesses to utilize money in other, much needed areas. It allows manufacturers to proactively manage operations, prevents disruptions and delays, breaks up information logjams and helps users make decisions more quickly. If you’ve chosen the right solution for your business, and the right vendor who meets your needs, you’re bound to see a powerful ROI. ERP software is available to help you become smarter about saving and spending when necessary.
As manufacturers grow, their operations become more and more complex, which unfortunately increases the opportunity for costly mistakes to be made. Manufacturing software automates business operations cross-departmentally, providing accurate, real-time information to everyone utilizing the solution, all while eliminating manual duty, which often has the potential to lead to errors. ERP increases efficiency and productivity by helping users navigate complex processes, preventing data re-entry, and improving functions such as production, order completion and delivery. Streamlined, efficient processes throughout.
An advantage of enterprise resource planning software is its ability to make users the center of its attention, providing deployment styles that will give on the road sales reps the same opportunities as in-office users to use ERP whenever and wherever they need. With WorkWise ERP software, users have access to a centralized database from anywhere you work and from different devices including your laptop, tablet or cell phone. The adaptability of a ERP software is crucial, as it increases productivity and makes information accessible no matter where you are. Do you often have time sensitive projects that have hard deadlines? Use ERP at home, in the office, wherever, through our mobile-friendly solution and application.
ERP software helps make reporting easier and more customizable, fit to meet all of your needs. With improved reporting capabilities, your company can respond to complex data requests more easily. This improves productivity, completes process faster and helps to close out projects without large wait times in between. Users can also run their own reports without relying on help from IT, saving your users time to use toward other projects.
Save time and increase productivity levels. Sound too good to be true? It’s not with ERP software’s automation and streamlining capabilities. Often times, when tedious tasks take up much needed business time, there can be a delay in production, which can effect your business and even the customer service experience. By having redundant processes automated, users have more time to work on other time sensitive, pressing projects and tasks that may truly require more of your attention and time. Users will also be able to work easier since the solution was designed for ease-of-use. This allows users, and businesses at large, to stay abreast with laws, regulations, guidelines and specifications as it relates to business processes.
Modern ERP software systems are robust, flexible, and configurable. They are not a one-size-fits-all proposition but can be tailored to the unique needs of a business. ERP systems also can adapt to the ever-changing needs of a growing business, ensuring you won’t have to buy a new solution once your needs change or your business grows. When implementing the ERP software of your choice, it is important to make sure that you can customize applications and suits, so that your system has every function needed in order to assist with daily business operations. Make sure that your ERP system can grow as your business grows, allowing you to add new users when and if needed. ERP’s flexibility also goes into how it is implementing, which can be done in either your choice of the cloud or on-premise.
It’s easier to provide high-quality customer service using an enterprise solution, especially when you’re using one as well-equipped as WorkWise ERP. Sales and customer service people can interact with customers better and improve relationships with them through faster, more accurate access to customers’ information and history. You’ll also have monitoring and email campaigning, which allows users to track the status of their campaigns. WorkWise ERP also integrates with CRM, which is designed to strengthen the relationship between a business and its customers.
ERP provides reliable data that can be accessed from different locations (if implemented in the cloud) and through multiple devices including tablets and smartphones. With the ability to update in real time, ERP improves data accuracy and consistency. With this, users can ensure that all data and analytics are safe to use, without running the risk of errors. ERP user data can also have additional security through firewalls and built-in protection resources.