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What are the Features of ERP Software?

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Enterprise Resource Planning, the best application software, streamlines entire business operations of any company. It integrates all the functional departments like production, accounts, sales and human resources of the organization. Stick to this article to know more about the features of ERP application.

ERP has got all the sophisticated features to cater the business needs. The core feature of ERP software is the single database. All the departments are connected to the single database where in data of the each and every department can be stored. ERP may not take the decisions but, it definitely helps the management in taking some important decisions. In a nutshell, it acts as a 'Decision Support System' in the company. With all the Business information stored at the central location ERP acts as Management Information System also.

Financial Module: ERP Financial module is tightly integrated with all functional departments in the company. It helps you in generating financial reports such as Profitability Report, Cost Center Analysis report, Management Information Report.

Manufacturing Module: Manufacturing module provides an integrated business environment for performing manufacturing and scheduling tasks. ERP constitutes of all the basic functionalities to mange entire supply chain process across the production units. Other than these above features, it contains other features like Master Production Schedule, Shop Floor Control, Bill of Material, Engineering Change Note, and Sales and Distribution.

Human Resource Management: Human resource management is one complete solution which you can get as individual package or integrated with ERP application. It will take care of Payroll Management, Personnel Management, Organization Management, Recruiting, Training, Time Management and Personal Development.

Inventory and Material Management Module: Inventory module helps in maintaining the exact level of stock in warehouse and throws you all the concerned reports on your inventory information.

Supplier Management and Purchase Order Management: Purchase module automates entire process of getting raw materials, packaging materials and any sub contracting work. The purchase module can be successfully integrated with the Production Planning and Inventory Control Modules.

Total Quality Management (TQM): It is a great feature built in all the enterprise resource planning applications. Total quality management is strongly integrated with Quality Control Management.

Plant Maintenance Module: Plant maintenance module gives you the reports on the machine capabilities, downtime analysis and location of the plant. This feature helps you in tracking of components like spare parts and replacements.

Excise Management: This feature takes care of the excise duty normally levied on the manufacturing products. If you are manufacturing the product that attracts excise duty, you are liable to pay the tax on the product. ERP will help you tracking all these tax related information and everything will be updates to the accounts automatically on a regular basis.

With all these features, enterprise resource planning is one of the best application software that can cater the needs of any company. All you need to do is evaluate the best product in the market and implement in your environment. It will streamline all the business operations in the company.

 Read Related Articles

Advantages of Enterprise Resource Planning
What is ERP System?
How ERP Systems Improve Organization's ROI?
How ERP Systems Improve Company's Business Performance?

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