Essential ERP modules
ERP systems include separate modules for automating particular parts of business operations. While you can build any custom module when partnering with an ERP software development company, here are the most commonly used ones:
Finance and accounting
This module can ensure accurate financial reporting and adherence to compliance regulations by automating financial operations and extracting insights. Automated accounting processes will help eliminate mistakes in calculations and increase financial transparency.
Human resources
It allows for automating HR workflows, managing employee data, and enhancing processes like recruitment and onboarding. This module will help organize and analyze huge amounts of HR data collected throughout the employee lifecycle.
Sales and marketing
It can facilitate order management and communication with customers, as well as drive sales growth with targeted marketing campaigns. You can integrate your CRM to the ERP system and get a full picture of customer records and marketing strategies.
Supply chain
It can be used to optimize inventory management and logistics by automating communication between vendors and carriers, and providing real-time visibility. With the supply chain module, you can streamline procurement and predict future needs.
Document management
This module can serve as a centralized point of access to different documents enhanced with flexible search and filtering options. It also facilitates the transfer of various documents between systems or employees while keeping all the data secure.
Data analytics
It can provide insights into various business metrics and help identify trends, optimize resource allocation, and improve the performance of different departments. A comprehensive ERP should include analytics to help gather and interpret volumes of data.
Key benefits of ERP systems
Unified access to crucial data
ERP software can serve as a single source of truth for all essential company data, connecting insights from different departments. Connected with other tools and services, it provides businesses with a powerful overview of their processes.
Improved productivity
Thanks to automating manual tasks and providing analytical insights based on collected data, an enterprise resource planning system can improve business operations. Employees will have more time for strategic tasks and more insights for data-driven decisions.
More accurate reporting
In an ERP system, various types of business reports get synchronized and automated, which helps eliminate errors and ensure regulation compliance. This software can automatically draft reports and provide businesses with financial transparency.
Enhanced customer service
ERP software integrated with a CRM system will help achieve greater levels of personalization in communicating with customers and running targeted campaigns. The system will bring together different fragments and data points related to your customers.
Cost savings
A custom ERP system will save the company time and money spent on redundant tasks, mistakes in documentation, or inefficient inventory management. By improving productivity and offering insights it will lead to effective resource allocation and revenue growth.
Why opt for custom ERP development
While there are out-of-the-box software solutions with ERP functionality, it makes more sense to partner with an ERP system development company and invest in a custom system.
Flexibility
Customers of pre-built ERP software admit it often lacks flexibility. With a custom solution, you can cater to your particular needs by creating custom modules adjusted to your processes and adding integrations with the tools you’re using.
Scalability
With a custom-built ERP system, you won’t need to request new functionality and wait for it—you’ll be able to expand your solution with new features or integrations at any moment you need.
Cost efficiency
Off-the-shelf ERP systems charge subscriptions based on the number of users, often without regard to how many features you need. A custom ERP system is more affordable in the long run and saves money spent on choosing and setting up software.
