An ERP system consists of various modules. These ERP modules are meant for handling both front and back office functions. They can look after fundamental function like costumer communication and supply chain management.
What are ERP Modules?
Every ERP module is meant for a specific purpose and function. It offers you with important data to do your work efficiently and effectively. Each module can be added to your ERP system effortlessly.
Here, we bring you a list of top ERP modules for your business.
Major Types of ERP Modules
Ecommerce
With the help of this module, retailers and brands will be able to manage their front and backends of their ecommerce store. Here, they can make changes to the website and its look. Besides this, it is also possible to upgrade the product pages.
Finance
The finance module is the base foundation for an ERP system. This module looks after all the general ledger and financial data. It keeps track of all transactions consisting of both accounts payable (AP) and accounts receivable (AR). Besides this, it also handles reconciliation and financial reporting.
Procurement
Talking about the procurement module, it directly manages the purchasing of raw material or finished products. With this module, you can also automate request for purchase orders and quotes.
Order Management
The order management module tracks and gives priority to customer orders from all type of channels. As and when the orders are placed, their progress can be tracked through delivery. With order management module, you can improve the delivery time and the entire customer experience.
Warehouse Management
With the help of a warehouse management module, you can manage various warehouse activities like picking, packing, and shipping. Here, you will be able to do perform your tasks more efficiently. With this, you will be able to save a lot of time and money too.
Customer Relationship Management (CRM)
CRM is considered to be one of the most loved module for various industries. It keeps a track of your client communication, assistance with lead management. Besides this, it can also boost your sales and improve your customer service.
Professional Services Automation (PSA)
Most of the time, businesses use professional services automation PSA module for planning and tracking projects. You can also log in the amount of time and resources used on these projects. It can be of great help in the simplification of client billing which will eventually lead to better collaboration among employees.
Manufacturing
The manufacturing process is considered to be one of the most complicated business processes. With the help of this module, you can coordinate all the steps that go into creating a finished product. This module will ensure that your production is in sync with the demands. Besides this, it also tracks the in-progress and finished products.
Inventory Management
With the help of this module, you can check the current status of inventory to the SKU level. Not only that, you can also update the inventory numbers in real time. It also looks after the important inventory metrics. This module is a must for a product-based company to stock on-hand based on current and forecasted demand.
Workforce Management (WFM)
Having a workforce management module manages the attendance and the hours worked of employees. Is some systems, it is also possible to manage payrolls. This module can be quite helpful in making a record of absenteeism and productivity by the entire department.
Human Resources Management (HRM)
A human resource management module keeps a track of your employees and their important information like performance review and PTO.
Marketing Automation
This module helps in managing the marketing efforts across different digital channels like web, social, and email. It can be of great help in boosting leads, sales, and customer loyalty.
Conclusion
ERP modules can be of great help in taking your business to the next level. Your ERP system is the tree, whereas modules act as different branches of the tree. We hope this blog on ERP modules will help you understand them in a better way and make a fair choice for your business.
If you have questions or queries regarding the blog or topic, please feel free to share them in the comments section.
