Understanding the Business ERP Modules and Their Benefits

Gone are those days when businesses managed their data on paper or spreadsheets. Today, they rely on Business ERP solutions, tailor-made as per the company requirements. The tool automates critical business processes and serves as a shared database. It pulls in data from different departments and into various modules.  Hence, the employees get access to information whenever possible.

The ERP software serves as a single source of data for all workers. It is cross-functional that supports smooth business operations without hindrance. The centralised database promotes faster decision-making via automation. This way, you can reduce labour costs, minimise errors and enhance productivity.

Common Modules of ERP Software

Every ERP Business Software consists of common modules built according to company objectives. The modular design provides data and supports the processes for employees to perform their tasks.

Some basic ERP modules are as follows –

Human Resource

This module helps the HR team to manage their HR tasks. It serves various functionalities such as –
• Storing employee information
• Tracking their records
• Monitoring performance reviews
• Job designation
• Job description
• Leave schedule
• Attendance tracking

There are sub-modules under this like payroll management, reports etc. You can use it to check employee travel and medical expenses, reimbursements and more.

Inventory Module

This module is advantageous for companies like garment and leather manufacturing. You can use it for the following –
• Store data about the item’s stock
• Easy identification with unique serial numbers
• Supply and demand control
• Shipment tracking
• Stock utilisation reports
You can integrate it with other modules for productive outcomes.

Sales and Purchase Module

The module takes care of typical sales process in an organisation like –
• Handling sales queries
• Quotation drafting
• Accepting orders
• Drafting invoices with proper taxation
This module helps you perform the tasks without fail. It enables you to keep track of pending sales orders, parcel shipments and more.

Purchase modules, on the other hand, take care of tasks like-
• Procurement of raw materials
• Managing supply/vendor listing
• Sending requests to the vendors
• Receiving quotations
You can track the purchase of business products and update the stocks.

Customer Relationship Management

The CRM module helps boost business engagement and sales performance. It lets you maintain continuous customer service. You can establish a healthy relationship with your clients by responding to their problems. You can track detailed information about them, like their calls, purchase details, etc. It will help the business benefit from future sales opportunities.

Get your business ERP solution designed by the experts at BizERP. We design the best ERP modules for an end to end business management.


The Ultimate Guide to Buying Business ERP Software

It is imperative for any modern business to have an ERP software. It keeps the business operations updated and consistent. The design of the system makes it capable for handling complex business operations. This is possible by integrating information in a single, centralised database.

Robust  ERP software for small, medium and big companies can be utilised, to streamline end-to-end business management.

The Function of Business ERP Software

The ERP software consists of distinct but connected components/modules. They are designed to carry out functions belonging to a particular business process or department. The different modules are customer relationship management or CRM, inventory management, finance etc.

It has a shared database that contains information about your business. It supports the core integration of data to ensure the unhindered execution of complex procedures. The manufacturers can add diverse modules to the ERP system by drawing on this shared data. It facilitates workflow automation and tracking, promoting smarter and faster decision making.

A differentiating factor for ERP software is the integration between modules. For example, the sales order created in the CRM module is shared with the production module. This way, workers in the manufacturing department will have information about the product. After the shipment of the product, the data gets added to the inventory management module. Finally, they can check the costing in the accounting module.

Top Reasons to Buy ERP Software

The two reasons why companies choose an ERP system are as follows – 

  • The existing system does not allow the business to conduct simple, smooth work.
  • Due to growth, adapting to modern systems is necessary. It helps reduce production and labour costs. The business benefits from automation.

How to Buy the ERP Software

Before choosing ERP software, you should consider these factors.

  • Researching and selecting the vendors
  • Defining your objectives
  • Assessing your requirement
  • Setting up a proper budget
  • Building an ERP taskforce
  • Navigating through demos
  • Choosing between On-Premise, Cloud or Hybrid ERP
  • Securing the proposals

ERP Implementation

You must pay attention to the whole ERP implementation process. The team should help through the stages – from conceptualisation to post-implementation support. They should assist you when the system needs an upgrade or replacement. Data migration takes up a lot of time. The experts from reputable companies like Biz ERP ensure that every process is done professionally. They check if the ERP system can fit into the business model with minimal disruptions.