Enterprise Resource Planning (ERP) is an integrated application that many companies use to combine business activities so that all departments can work with one data and process.
Companies can use erp to summarize and improve their operational efficiency so as to save both time and money. In
implementing ERP systems, companies can also standardize and automate many business processes so as to eliminate manual effort and save time.
The usual components of an ERP system
Regardless of the variation of the company's need for ERP systems, there are some ERP components most wanted by the company.
Finance
The Company wants to record, track and consolidate all sales and operational information in the accounting system. The ERP financial system provides this capability with a general ledger, accounts receivable, accounts payable and payroll.
Human Resources
The ERP system also offers a human resource component that enables the company to track working hours and evaluate employee performance throughout the company, as well as manage the development of benefits, talents and staff.
Purchasing / procurement
ERP purchasing system summarizes the procurement process of purchase-order and vendor management to payments and reporting. ERP purchasing systems also have the ability to automate purchase orders and payment agreements to decision makers such as managers and others.
Business Intelligence
Nowadays companies increasingly want data analysis that allows them to judge and act on the information they have. To facilitate this, ERP vendors provide pre-designed reports that companies use to assess business and operational sales along with the ability to perform data collection and develop special reporting.
Customer Relationship Management
ERP CRM application focuses on customer information. This includes information about the company's interactions with marketing, sales, clients and partners and can track all of these transactions on marketing, sales, service, and other departments facing customers
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