Understanding ERP Modules And Their Business Benefits

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Understanding ERP Modules And Their Business
Benefits
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Introduction
Businesses need ERP solutions for collecting and
sharing business data in a centralised database.
There is a collaboration between the different
business functions through ERP modules.
Understanding ERP Modules and Their Business
Benefits
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What are Business Modules in ERP?
ERP Business modules will address particular
business requirements. Each module will gather
data and store it in a central database.
Understanding ERP Modules and Their Business
Benefits
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Different ERP modules
The finance and Accounting Module is an
important module in any ERP tool. It handles
the finances and accounting functions of a
business including account payables and
receivables, general ledgers, etc. HRM Module
will store employee data, and enables onboarding
and training of workforce. CRM module will
store all customer information including leads
through sales, contact details, and quotations.
Understanding ERP Modules and Their Business
Benefits
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Other Business Modules
Inventory management module helps manufacturers
get real-time visibility of the stock levels.
MRP module will determine the materials and
components needed for the manufacturing of the
product. SCM module includes inventory
management, logistics, materials transfer, etc.
Understanding ERP Modules and Their Business
Benefits
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Choosing the Right ERP Tool for your Business
SAP ERP has multiple ERP business modules for
different functions. SAP ERP reduces
operational and administrative costs for
businesses. Can access real-time business
data. SAP ERP works with large and small to
medium-sized businesses
Understanding ERP Modules and Their Business
Benefits
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