7 Standard Modules in ERP Software

You have understood what an ERP system is and its types of development and uses. The explanation of the ERP module is usually listed in the ERP book, which can be a company’s initial understanding of ERP software. Now you need to know what modules are generally in an ERP system in general.

Accounting (Accounting)

An automated accounting system functions to manage incoming and outgoing cash flows within a company. This ERP module also helps companies handle various accounting transactions such as expenses, balance sheets, general ledger, bank reconciliation, budgeting, tax management, and others. You can create company financial reports with just a few clicks in this ERP module.

CRM

ERP module CRM (Customer Relationship Management) helps improve sales performance through better customer service and building healthy relationships with customers. This ERP module also helps companies manage and track prospect and customer information such as communication history, calls, meetings, transaction data they have made, contract duration, and others.

Standard Modules in ERP Software
Standard Modules in ERP Software

HR

The HRM (Human Resource Management) module helps improve the efficiency of the HR department or HR within the company. This ERP module helps manage employee information such as performance appraisals, job descriptions, skills, attendance, and leave. Payroll Management is one of the essential sub-modules in the HRM System that manages salaries, travel expenses, and cost refunds.

Sales

This ERP module functions to handle sales workflows such as sales reports, offer proposals (RFP & RFQ), sales orders, and invoices. If the sales system is integrated with CRM, accounting & Inventory systems, you can be sure that you can drive more sales with accurate forecasted sales data.

Sales forecasts are crucial for companies engaged in trade or retail. You can’t predict how many requests will be each day, so estimating the likelihood of fluctuating demand is essential.

Of course, a qualified Sales System will help you prepare for the possible number of SKU stocks that must be available at every seasonal demand.

Inventory (Inventory)

The inventory module is helpful for tracking and managing stock in the company, including monitoring inventory levels, scheduling replenishment, forecasting, and creating inventory reports. A sound ERP system allows integration of the Inventory module with barcode or SKU scanners. The inventory module will be more effective if integrated with the purchasing module.

Purchasing

This module manages the processes involved in the procurement of goods. This includes supplier lists, demand and supply analysis, Purchase Orders, Goods Receipt Notes, and stock updates. This module can be integrated with the inventory module for optimal stock procurement management.

Purchasing applications can improve your company’s purchasing management by procuring goods first without waiting for stock to run out. In addition, the order will be placed automatically when the stock reaches the minimum threshold. the presence of this application can also avoid the loss of ordering goods that do not match the details because it is equipped with essential documents when making transactions.

Manufacturing (Manufacturing)

This module improves efficiency in the manufacturing process in a business, such as; product planning, material routing, daily production monitoring, and Bill of Materials generation. A sound ERP system integrates manufacturing modules with barcodes or RFID scanners.

Another advantage of a flexible Manufacturing System is that manufacturers can customize existing features or add various modules. For example, modules such as purchasing, accounting, human resource management, supply chain management, and others. That way, you can more easily measure the overall effectiveness of the equipment at any time through real-time reporting tools.