ERP is an abbreviation for Enterprise Resource Planning. It is a terrific management software that may aid you in the effective operation of your organization by automating all mundane activities.
1. What is ERP
ERP is an abbreviation for Enterprise Resource Planning. It is a terrific management software that
may aid you in the effective operation of your organization by automating all mundane activities. All
your company duties relating to sales, staff, stock, finance, etc., may be done on one platform. This
gives you a larger and better view, with real-time updates, to track your business progress easily.
This is a simple method to correct errors or if necessary, switch to better business tactics to improve
business growth.
Why is ERP better for organizations?
ERP helps to enhance your business by reducing expenses for your resources without compromising
product and service quality. You may download ERP software on any computer, tablet, or mobile
device. There are several ERP system software available in the market, but you must select one that
is tailored to your sector. While distinct ERP software is needed for various sectors, they all provide
their customers with almost the same benefits and objectives. The advantages offered to companies
by the ERP System Software are listed below:
1. Everything is in one location
With the ERP software, you can get easy accessibility to all your activities at one location, whether
you have a small business set-up or a global organization. You may use the ERP software from the
head office of the firm and open a common ERP chain to get real-time information on your
production facilities internationally. You need not outsource your work somewhere else to obtain
information about your production facilities. In one spot, you can gain better and precise insights
into your business.
2. Clearer inter-department communication
You get all the information in one spot by using the ERP software, which means you don't have to
juggle between every department for information. It is nearly impossible to possibly
miscommunicate or make errors. The ERP system software provides its users with
better communication capabilities that can provide your suppliers or distributors with improved
communication channels both internally and externally.
3. Safety of fool-proof data
With the boom of the digital era, improvements and investments in security systems have become
vitally crucial for firms, whether they are large organizations or small businesses, in order to prevent
robbery or fraud. As all your information is in one location, managing it is easier and it minimizes the
possibilities of any theft of sensitive information.
What features does an ERP software offer?
The functionality you obtain from ERP depends on your choice of the software provider and the
package you select. Most of the ERP software offers the following essential features:
2. 1. LOGISTICS
• Route Management
• Vehicle Management
• Load Management
2. ORDER MANAGEMENT
• Sales Order module
• Sales Order Approval
• Sales Order Posting for Invoice
• Purchase Order Management
3. BATCH
• Batch wise Inventory
• Batch wise stock ledger
• Batch wise valuation
• Batch + MRP control
4. SALESFORCE AUTOMATION SOFTWARE
• DSR-Android APP
• DSM
• Logistic
• Payment Authorization
5. DISTRIBUTION MANAGEMENT SYSTEM
• Purchase Invoice
• Sales Invoice
• Gate Pass
• Invoice Cancel / Un-Cancel
• Gate Pass Cancel / Un-Cancel
6. FINANCIAL ACCOUNTING
• Balance sheet
• Trial balance
• Profit and Loss A/c
• Bank Reconciliation
• Tax Management
7. SCHEME MANAGEMENT
• Scheme master
• Slab wise scheme
• Scheme for free Qty
• Scheme for value discount
• Scheme for gift Item
