8. An ERP (enterprise
resource planning)
finance module is a
software program that
gathers financial data
and generates reports
such as ledgers, trail
balance data, overall
balance sheets and
quarterly financial
statements.
Financial module
9. Both for-profit
organizations and non-
profit organizations
benefit from the
implementation of ERP
financial module.
Financial module
10. The financial module is
the core of many ERP
software systems. It can
gather financial data
from various functional
departments, and
generates valuable
financial reports such
balance sheet, general
ledger, trail balance, and
quarterly financial
statements.
Financial module
15. This can be used as an
independent module.
It is used for
integrating the
recruitment process,
payroll, training and
the performance
evaluation process.
HR module
16. The module handles
the history of the
employee, tracks the
employees laid off and
aids in rehiring of the
employees.
HR module
18. This module aids in
managing the company's
resource inventory and
the product inventory.
It helps in handling the
replenishment of the
product and
maintenance of the stock
levels of the products.
Material management module
19. The inventory control module
monitors the inventory stock
present at the different
locations like at the
warehouse, office and stores.
The module can manage the
inventory of raw materials
used for product planning. It
enables the company to plan
the future production and
keep a stock of products
which go below critical level.
Material management module
21. The Enterprise
Resource Planning
system has evolved
from Material Resource
Planning which was
used for the
manufacturing
requirements of the
companies.
Production planning module
22. ERP is more robust
software for production
planning as it
optimizes the
utilization of the
manufacturing
capacity, material
resources and the parts
using production data
and sales forecasting.
Production planning module