What Are ERP Software Modules?
ERP, Enterprises Resource Planning is software to store all the data related to your business. As the company expands, it needs more effective software to manage the data. ERP modules are helpful in this matter that can be created for the business process of various departments and improve the workflow of the employees. Multiple modules can be attached to any ERP system, and each module is related to ERP in such a way that the system can accumulate your data through a single source even when the new module is linked.
EPR gives accurate data collection when databases properly interconnect all the modules. Let us know about the various modules of the ERP software system.
How Does ERP Modules Help Businesses?
ERP software modules help businesses to prepare more specific reports and allow them to efficiently process data as per the requirement. Since the ERP system is made in modular format, it is perfect to meet the shifting needs of businesses across sectors. It empowers businesses to produce more accurate and data-driven reports.
Various Modules Of The ERP Software System
Business modules are perfect for managing your sales, enhances your marketing strategy and up-to-dates data calculation on every progress. Here we have the most reliable business modules that are given below:-
Sales Module (CRM)
This module stores the employee’s name, contact, other details, address, order history, and purchase history, along with customers’ preferences. CRM can store the data of order acceptance, generated requests, inquiries, and quotations. EPR, when joined with CRM. It helps to grow the rate of conversion and increase service efficiency. You can track every single detail to provide a worthy customer experience. Although, there is some significant difference between ERP and CRM that you should know.
Tracking and analysis are the basics to launch an effective marketing campaign using data as customer engagement, and so on. Also, make sure to plan the marketing of the campaign carefully and to make long-term investments. The perfect tool is to perform all the mentioned tasks in the Marketing module. The integrated data on sales should develop all possible ways to increase sales and attract some new customers.
Finance Modules In ERP Software
Every company has to manage its revenues, cash flows, payments, financial transactions, and the benefits. This ERP module is made to deal with billing, expenditure, statements, balance sheets, and other financial data etc. It also helps in managing taxation.
Costing module in ERP
This module helps in keeping a track of material, goods, and their operation. Each transaction needs to be notified and there should be a proper document management system. The costing module by ERP specifies the present cost of the products and services in order to make the deal more beneficial for the organization.
ERP payroll module
This module is there to produce and filter reports on expenses such as salary transcatons, reimbursements, travel and other expenses. For a transparent workflow, the recent file should be sent to the GL. This payroll module is designed to collect the audited data from a set period of time and process it as per the command to prepare reports.
Human resource modules work on the data of each employee in automating, regulating, and centralizing them. It includes the recruitment, positions, promotions, and retirement of the employee. It is made up of the following ERP modules:
The recruitment module concentrates on the improvement and capabilities of the business. The company’s head gains social media platforms, advertisement, analysis of candidate profile, schedule interviews, and the assessment processes.
Workforce management module
Workforce management is designed to execute the one-way control in human resources. As other modules store the structured data of the employee as their name, working hour, progress, attendance, leave, etc., this module manages all the related documents of staff performance. It is necessary to share this module’s data with other ERP modules for a smooth work process. You can also refer to workforce analytics for improving decision-making.
Supply Chain Management Modules
This management module helps the organization to find new cost-saving solutions and lower delays. It includes the following modules.
This module is created for accurate order management. If you don’t want to delay your orders, this is the most promising for you to fulfill your customer’s needs and enhance the relationship with the customer. Ordering Modules requires precision and authority of every order they deliver.
The logistic nodule is created for one-way supply, storage, and delivery. It also helps to manage the transportation of stuff from the company.
The ERP software module system is the best way to automate the business in terms of data storage, processes, and orders in one way. With the help of modules, you can customize the data; companies will benefit from their continuous services and stay connected. If you are using this for a long-term purpose, it will help you sustain the efforts of devices.
With over 25 years of experience in Information Technology and Management Consulting, Errin O’Connor has led hundreds of large-scale enterprise implementations from Business Intelligence, Power BI, Office 365, SharePoint, Exchange, IT Security, Azure and Hybrid Cloud eﬀorts for over 165 Fortune 500 companies.