Features of an ERP System

23

August 2020

An ERP is an incredible system to manage enterprise information and use for decision making. It smooths out business tasks by automating the main parts of information driven procedures, performing broad information investigation and giving precise results, all inside an instinctive and incorporated structure.

With an #ERP system, you can gather, store, oversee, and decipher information from different speciality units. By gathering an association’s shared value-based information from various sources, ERP frameworks dispense with information duplication and furnish information effectively with a “solitary wellspring of truth.”


functions of an ERP system

 

ERPs were initially intended for assembling organizations however have since extended to support businesses, advanced education, social insurance, money related administrations, and government. Every industry has its own ERP idiosyncrasies. For instance, government ERP utilizes contract lifecycle management (CLM) instead of customary buying and observes government bookkeeping rules as opposed to GAAP. Banks have back-office settlement procedures to accommodate checks, Mastercards, charge cards, and different payment gateways.

 

There are two type of features:

  • 1- Domain Features

  • 2- Technical Features

     

 

Domain Features

  • Accounting and Finance Management

  • Sales and Marketing

  • Customer Relationship Management (#CRM)

  • Manufacturing Management

  • Purchase Management

  • Supply Chain Management (#SCM)

  • HR Management

 

Technical Features

  • Integrating ERP Modules

  • Automation

  • Data Analysis and Reporting

  • Tracking and Visibility

  • Integrating with BI Tools

  • Security

  • Centralized Data Management

author

Mudassar Manzoor, Author

Mudassar is a CEO at ARFASOFTECH and he loves to write, He says "Don’t focus on having a great blog. Focus on producing a blog that’s great for your readers."

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