123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

How Erp Services Influences Various Business Processes

By Author: Raj
Total Articles: 689

ERP software solutions are the need of every business to beat today’s cut throat competition. ERP software consists of independent erp modules which provide integrated solutions and erp services for entire business. These erp services includes Production control, project planning, inventory control, finance and accounting tasks, back end services and human resource management. These ERP software solutions are flexible and scalable to the business requirements and changing market trends. These erp services can be accessed online using Internet or on – premise. On-premise means that the ERP software will be hosted on organization’s own servers and data can be accessed and distributed by the help of servers.
Let us see some of the erp services provides by ERP software:

Finance and Accounting plays a vital role in any business. A business needs to have a strong financial backbone to succeed. It is only when it can invest in better advanced technologies, skilled workforce and infrastructure. ERP system gather financial data from various business departments like sales and marketing, HR, inventory, production and purchase department and based on it generates specific financial reports like ledger, trial balance, month wise, year wise transaction statements. This becomes a vital proof to show during Financial Assessments, Internal Audits etc.

ERP system keeps a record of their employees personal information like name, address, contact no, age etc, professional information like experience, salary, talents, designation etc, Regularity check through attendance etc. Based on which performance assessment is done and a suitable place is assigned to them in the organization to utilize their capabilities to the maximum.

ERP system allows us to easily input details regarding orders, sales returns and print bills, credit notes, track order confirmations, picking slips etc. Details regarding transaction and sales are can be viewed and generated in report format. System provides robust features to coordinate cash flow processes among various functions.

ERP module keeps track of stocks and processes available in the warehouse, inventory receipts, shipments, return of goods and in the organization. It helps to integrate inventory module with other business modules like production control, sales and marketing channel, finance and accounting, Human Resource, and back end services. This helps in smooth flow of data among various business process and leads to quick execution of processes and generation of reports.

Sales and marketing is considered to be the life line of every business. ERP modules manages sales activities like procuring orders from customers, schedule them, track their delivery and reasons for late delivery or undelivered items and generation of bills.

Total Views: 90Word Count: 422See All articles From Author

Business Articles

1. Corporate Events Company & Brand Building Of The Middle East
Author: Kari Events

2. Meeting Multistate Payroll Compliance Requirements Is Critical For Payroll Professionals
Author: NetZealous LLC, DBA TrainHR

3. Sap Sd Interview Questions And Answers
Author: Rajni

4. Sap Fico Online Training
Author: Rajni

5. Sustainable Home Design
Author: Monnaie Architects

6. Why Power Banks Are Becoming The Most Important Phone Accessory
Author: Lloyd Simpson

7. Top 4 Appliances You Can Have Repaired By An Hvac Company
Author: Grand Home Services LLC

8. Corporate Entertainment Usa
Author: chrisgracelivewebmaster

9. Necessity Of Lethbridge Home Inspection For New Homes
Author: Mark Henry

10. Who To Trust For Availing Easy Loan Singapore
Author: goldencredit

11. Equity Trading Strategies In Indian Capital Market.
Author: Sanjay Singh

12. Impact Of Fdi & Fii On Indian Stock Market
Author: Sanjay Singh

13. Pros And Cons Of Advertising In An Application
Author: MichaelDavidWilson

14. Samsung Ac Service Center Hyderabad
Author: srinika rao

15. Lg Refrigerator Service Center Hyderabad
Author: srinika rao

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: