What is ERP Software?
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 possibility 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:
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
•
Scheme Calculation Auto / Manual
•
Scheme claim Vs actual report
•
Distributor
Claim Management
8.
PAID BALANCE
•
Outlet receivable
•
Supplier payable
•
Post-dated cheque management
•
Bounce cheque management
•
Re-Deposit cheque Management
•
Salesman wise outstanding report
•
Outlet wise outstanding aging report
•
Supplier wise outstanding report
9.
INVENTORY
•
Stock Adj.- Receipts
•
Stock Adj.- Issues
•
Breakages / Damages
•
Multiple Godown
•
Stock Transfers – Location
•
Stock Adj.-Batch
•
Inventory Reports
•
Stock Valuation
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 possibility 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:
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
•
Scheme Calculation Auto / Manual
•
Scheme claim Vs actual report
•
Distributor
Claim Management
8.
PAID BALANCE
•
Outlet receivable
•
Supplier payable
•
Post-dated cheque management
•
Bounce cheque management
•
Re-Deposit cheque Management
•
Salesman wise outstanding report
•
Outlet wise outstanding aging report
•
Supplier wise outstanding report
9.
INVENTORY
•
Stock Adj.- Receipts
•
Stock Adj.- Issues
•
Breakages / Damages
•
Multiple Godown
•
Stock Transfers – Location
•
Stock Adj.-Batch
•
Inventory Reports
•
Stock Valuation
• Gift Item Inventory
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