Key ERP Modules
An ERP software consists of many modules with each module is integrated with
the major functional area of an organization. In normal procedure, each module
is designed to interact with each other with easy accessing of information
concerning a particular branch, section or department. ERP modules are tightly
protected with efficient security system and the staff is trained to handle the
system effectively during the training session by the consultants.
The following are some important modules that being included in major ERP
packages.
Finance Module
The financial activities of an organization by the finance department are
recorded using various user interfaces and these interface screens related to
the finance department are grouped into a single menu option and these set of
options are called the finance module. Financial module of an ERP system is used
to record day to day transactions like receiving payments Customers, payments to
vendors by raising cheques or through cash and journal entries. Financial module
records the data during:
>> Creating a Customer Account
>> Creating a Vendor Account
>> Creating a Bank Account.
>> Creating a General Ledger Account
>> Enhancing Chart of Accounts (when major changes to be made
for preparing the financial statements)
Financial application components of an ERP solution work hand-in-hand to improve
the bottom-line. This is true because the financial functionality is tightly
integrated across all business areas and all geographic areas. This tight
integration includes all the other different modules, from materials management
to human resource to logistics. The financial module of ERP also provides
financial functionality and analysis support to lot of medium and large scale
enterprises in Indian and abroad.
Manufacturing Module
This module is used to record data related to the manufacturing department of
the organization. Data is recorded in this module when Bill of Materials, Work
Orders and WIP receipts are to be created for work orders. In modern
manufacturing operations, information starts at the top and the bottom
simultaneously. Data originates at the machines, the process and the workers. It
indicates what is being made, how and where, when it will be done, and why it
won't be on time.
ERP allows companies to balance customer demands impacted by multiple
interrelated items and multiple plant locations. ERP adds applications for
financials, supply chain, and distribution and requirements planning for
multiple sites. It facilitates intelligent resource planning in the face of
rapidly changing constraints such as materials availability, market readiness,
plant capacities, personnel certification and business costs per location. In
short ERP systems will allow decision makers to champion 'an intelligent, agile
and responsive' organization in the global marketplace of the next century.
Sales and marketing Module
This module comprises of Contact Management and Sales Order Processing
Management. It is an integrated solution comprising of marketing and sales
activities. Organization can act immediately to improve sales, service and
marketing effectiveness by using this module. Sales and Marketing module also
help to you getting your customer order management easier day by day. Use of
this also includes maintaining customer information, quickly creating a quote or
migrating them to sales order.
Purchase Module
ERP Purchasing module streamline procurement of required raw materials. It
automates the processes of identifying potential suppliers, negotiating price,
awarding purchase order to the supplier, and billing processes. Purchase module
is tightly integrated with the inventory control and production planning
modules. Purchasing module is often integrated with supply chain management
software.
Inventory Management Module
ERP Inventory Management module facilitates recording of data in the inventory
department. Activities of the Inventory department such as receipt of goods,
delivery of goods, maintenance of material in the stock sections, classifying
all the materials, issuing of materials to the manufacturing department,
rejections from the suppliers are recorded with full details.
Human Resource module
Human Resource (HR) module in ERP streamlines the management of human resources
and human capitals. It comprises of four broad sections, mainly Training,
Recruitment, Payroll and Attendance. HR module routinely maintains a complete
employee database including contact information, salary details, attendance,
performance evaluation and promotion of all employees.