In this article the basic information about ERP software including features and functions of ERP software is described. These should be carefully read before implementing or selecting any ERP software.
ERP (Enterprise Resource Planning) software are business management software applications that allow an organization to apply a system of integrated applications to deal with the business. ERP software integrates every part of an operation such as planning, manufacturing, marketing, distribution, sales, inventory management, financing, accounting, human resources, and other operating units.
Typically, an organization wants to implement ERP software to align business goal with latest technology solutions, to improve stakeholder commitment and customer confidence, to optimum utilization of assets and resources of the organization. Usually, an organization is seeking good ERP software with advance features and functions.
Enterprise Resource Planning software can work on various network and hardware configuration and use a database table for proper storage of data. Usually, this database is common in all the ERP software supported applications. There are different components of ERP software, which includes dashboard or management portal, search function, transaction database, document management tool, business intelligence system, workflow management tool, chatting or messaging functionality, report customization tool, tools that are able to access external systems, etc.
The features of ERP software are very beneficial for every organization. One of the basic features of ERP software of Enterprise Resource Planning software is that it can facilitates proper control on receivables and billing to customers. The entire process can also be automated. The ERP software can easily indulge the needs of the entire organization as the whole organization is treated as a single body by the Enterprise Resource Planning software. These software ensure relevant, accurate and timely information flow between various departments of the organization. Another feature of ERP software is that these software use the data that is updated and based on real time information. For an instance, if a customer has any queries about a specific product of company and the documentation of the product has been altered recently, the ERP software will ensure that the altered documentation will be used for answering customer queries.
Today’s highly developed ERP software are generally able to fulfill the needs of organization’s legal requirements also. There are some other features and functions of ERP software also including creating master data, transaction entries, linking between different transactions, drilldown, data management, security, reporting, business intelligence, emailing, rollback feature, real time validation, web enabling, etc.
As we are providing the basic information about ERP software, information about implementation of Enterprise Resource Planning software is also be a part of this article. The implementation of ERP software is not so easy for everyone. In case of an existing business, implementation of ERP software may call for a number of changes in the business process. These changes in the business process often make a way for process transformation. It is essential to know the value of each process and existing automated system available before implementing ERP software, so that the functionalities of the business can be optimized. ERP software generally brings many parameters that can lead to changes in the system operation. The above given basic information about ERP software as well as features and functions of ERP software will be very beneficial for you.
Read about ERP Selection for SME. Also know Low Cost ERP Software. Read about ERP Implementation Planning and Strategy.