Genuine Microsoft Software: 8 reasons to opt for it
22 April 2024
9 ERP Benefits
12 June 2024
Enterprise Resource Planning (ERP) systems include at least 6 key modules to cover all the needs of businesses. Before you start integrating an ERP into your company, it is important to fully understand the processes it serves and select the ERP functions you really need.
ERP functions
- Supply chain
- Human Resources Management (HRM)
- Financial Management
- Production Management
- Customer Relationship Management
- Trade (commerce)
Supply chain
ERP is essential if you want to optimise your supply chain management. From supplier selection and inventory purchases to warehouse management and sales, an ERP system will help you gain total control of your supply chain. With the use of indicators and analytical statistics, you can forecast demand, maintain optimal stock, and significantly reduce your costs.
Human Resources Management (HRM)
Many organisations are now investing heavily in their human resources to gain a competitive advantage. With an ERP, this is easy, since you will have all the important HRM functions at your disposal. You will be able to assess your staff and identify their training needs. You’ll easily manage candidates and their CVs, and communication with staff and granting leave is easier than ever. The most sophisticated HRM systems also provide integrated payroll solutions and meet the legal requirements for the mandatory implementation of the digital work card.
Financial Management
With a modern ERP software, you can intelligently manage the finances of your business. The software will provide you with a comprehensive view of the company’s financial situation in real time, while you will have a powerful accounting monitoring tool directly connected to the AADE platforms.
In addition, Soft1 ERP orchestrates Fintech operations by facilitating transactions, controlling bank accounts and Activity Based Costing to allocate your activity to cost centers.
Financial management is perhaps the most important pillar of an ERP. According to surveys, 89% of companies consider accounting (which is part of financial management) to be the most critical function of ERP.
Production Management
ERP systems help to make rational decisions about production. They will help you efficiently plan production, automate critical, time-consuming processes and manage your costing. At the same time, you will be able to define product specifications and evolve your production process using Indusrty 4. With these functions, you will make more effective projections, ensure quality and standardisation of production and reduce costs.
Customer Relationship Management (CRM)
A CRM software enhances the company’s marketing activities by attracting more prospective customers, helps manage sales opportunities by increasing conversions and supports customer service, resulting in the retention of the majority of the customer base. CRMs allow you to run automated promotional campaigns, track and evaluate results, and have instant access to critical information about your customers. In addition, they offer comprehensive action management and a complete overview of the customer’s history.
Trade (commerce)
Modern ERPs allow their users to create their company’s online store in an easy and low cost way. With it, the company can make wholesale and retail sales, manage inventory and monitor e-shop performance through detailed reports.
These are the basic functions of ERP systems, like Soft1 ERP and Microsoft’s Business Central. In order for an ERP implementation to perform at its best, it is important that it is properly configured to meet the unique needs of the company and its integration is smooth, without significantly disrupting the operation of the business. At the same time, however, it is important for the integration of ERP to be a catalyst for the redesign of business processes. For this reason, it is crucial to choose the right partner, who with his experience and specialized knowledge will help you to effectively integrate ERP in your company and enjoy all the benefits it has to offer.
Contact us to analyze your company’s processes and design the right solution.
