ERP System Application

  • Fast ERP systems typically carry out financial and business planning functions, which might formerly have been carried out by many Smaller Standalone applications.
  • Regardless of the size of the organization, operational complexities are a reality and the need for accurate record keeping, resource allocations, analysis, planning and reporting are necessary.
  • Fast ERP System Application  help businesses to manage and connect information from all core areas of the organization with the aim of improving effective decision making.

what is ERP application

Fast ERP software solutions promote visibility throughout the entire organization, allowing decision makers to improve business operations such as; inventory management, accounting, order management, human resources, supply chain, product lifecycle, CRM among others.

ERP System Application

  • Sales forecasting ,which allows inventory optimization
  • Chronological history of every transaction through relevant data compilation in every area of operation.
  • Order tracking ,from acceptance through fulfillment
  • Revenue Tracking, from invoice through cash receipt
  • Matching Purchase Order ,inventory receipts & Costing
  • Small Business ERP Application are lightweight business management software solutions, often customized for a specific business industry or vertical.

ERP System Application

what does ERP stand for in business

Function Area ERP System Application
An ERP System Covers the Following Common Functional Area.
  •       Financial Accounting :
General ledger,Fixed asset, payable including Vouchering, matching & payment,receivable cash application and collections,cash management Financial Consolidation.
  •   Management Accounting:
Budgeting , cost management, costing,Activity based Costing.
  •   Human Resource:
Recruiting,training,rostering payroll,benefits diversity management,retirement separation.
  •      Manufacturing:
Engineering,bill of materials,work orders,scheduling, capacity,work-flow management, quality control, manufacturing process,manufacturing projects,manufacturing flow,product life cycle management.
  •      Order Processing :
Order to cash ,order entry, credit checking,pricing available to promise,inventory,shipping,sales analysis & reporting,sales commissioning.
  •   Supply chain Management :
Supply chain planning,supplier scheduling,product configurator,order to cash,purchasing,inventory,claim processing , warehousing.
  •    Project management:
Project planning ,Resource planning ,Project costing ,work breakdown Structure,billing,time & expense, performance units,activity management
  •   Customer Relationship Management :
Sales Marketing,commissions,service,customer contact,Call Center Support- CRM System are not always considered part of ERP Systems but rather Business Support System.
  •       Data Services:
Various “self- service” interfaces for customers for customers,suppliers and/or employees.