Characteristics Of Enterprise Resource Planning Systems

By Author: Alex Smith
Total Articles: 171
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To run a business successfully, it is essential to group highly qualified professionals hired by the organization in small teams that take care of different departments – management process, operational processes and supporting processes. The first among the business processes is management process which is implemented to take control over company business strategies and corporate governance. Moving to the next category is operational process that allows the team to keep eyes on advertising, marketing, manufacturing and purchasing. Lastly, there comes supporting processes which are associated with tasks such as recruitment, accounting and other technical support solutions.

As it is world-known fact that every organization needs data to complete all small and big business processes. It is obvious to make most of enterprise resource planning services for managing information needed to execute various business processes smoothly. The resource management team looks after all the requirements and makes constant efforts to satiate & improve the quality of services. So, there rises a need to manage the integral information ...
... available for fueling business activities for boosting its performance. With the reliable enterprise resource planning systems, it becomes easy to regulate the flow the information within the organization avoiding all discrepancies, contradictions and redundancies.

Key Features of ERP Systems

Below are some remarkable characteristics of enterprise resource planning systems. Have a look.

• It is an integrated system that does not rely on periodical updates and works in real time.
• It possess strong database to support comprehensive applications and processes involved in the business.
• Proper installation of the specialized enterprise resource planning system enables Information Technology departments to work flawlessly at face pace.
• Consistency of data benefits the organization.

Comprehensive ERP Modules

Go through various modules incorporated by enterprise resource planning systems.

• Accounting/ Finance – Under this module, cash management, receivables, consolidation, general ledger, budgets, payables and fixed assets are considered.
• Manufacturing – Engineering, product lifecycle management and manufacturing process is covered in this module.
• Human Resources – Looks after training, recruiting, payroll, diversity management and benefits.
• Supply Chain management – It involves inventory, chain planning, order to cash, commissions, etc.
• Customer Relationship Management – Basically, this module deals with relationships of the customers with organization, customer contact, sales and marketing, call center support and commission.
• Project management – It is designed especially to cover billing, performance units, costs, expenses and time.
• Access Control – Generally, under this module, authorization and granting of privileges of different processes validate.
• Data Services – IT gives a vast platform to the potential customers, employees and suppliers for acquiring self-services by retrieval of desired data.

No doubt, enterprise resource planning brings favorable changes in the working environment of a business organization. And also to make best advantages of these changes, customization, consulting and support services come into action.

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