FEATURES OF AN ERP

SOFTWARE
1. SALES MANAGEMENT
• In most commercial organizations, sales process is inherent to is
existence and ability to create profit.

• It handles all the activities of sale of order to delivery.

• Sales execute the business processes used in the selling and billing of
product and services.

• It offer a comprehensive set for both order and logistics management.

• Many of the system are tightly integrated with DPR (Distribution

Requirement Planning), the engine just-in-time deliveries.

• This system can also generate replenishment orders by using

warehouse requirements.
 2. Human Resource Management
RECRUIT-
MENT
PROCESS

Software(HRMS)
BENEFITS
PAYROLL HRMS ADMINIS
-TER

• A combination of systems and process that

connects Information technology(IT) and Human Resource
Management through HR software. OTHER
• Used by business to add up all the necessary HR functions.
• It ensures that everyday HR processes are manageable and easy
to access.
• Flexible in reporting employees data.
• Employees crucial documents can also be accessed from travelling or
transferring from one branch to another.
• It is necessary to involve HR professional in the process for the success of
the project.
 3. INTEGRATION

• ERP enables the retailers to function more effectively by

reducing data redundancy, operational & inventory costs.
• It provides a fully integrated, intuitive platform through which
you can analyze, monitor and conduct data driven tasks.
• Ensures seamless communication within organization by
collecting, storing & analyzing data across all dept.
• Increases efficiency , ensuring smooth operations and
improved productivity.
4. FINANCIAL AND ACCOUNTING MANAGEMENT
 FINANCE
 The important components included in finance are memo
vouchers, sales and purchase extracts, multi currency, cash flows.
 It provides real time information to managers.
 It helps in testing financial module before
implementation.
 Improves the cash flows, lowers the cost
and increases the profitability.

 ACCOUNTING
 The important components included in accounting are general ledger,
accounts receivables, accounts payables, fixed assets management.
 A strong ERP system allows you to automate many accounting
functions including payments processing, sales analysis, expenses
management.
 It improves accuracy and processing time by reducing their working
hours.
 5. PAYROLL MANAGEMENT

• Tally ERP delivers integrated payroll management with all the necessary
payroll compliance built in it.
• It handles payslips including the loans and advances, employee database,
salary revision calculation and deduction.
• The payslip is very time consuming and can be made weekly and monthly.
• The payroll management can be handled through third parties by
outsourcing which makes accounting payroll easy.
• Service provider helps to manage the tax obligation, preparing checks,
employee’s time calculation and eventually decrease the operation cost of
a business.
 6. MOBILE FUNCTIONALITY

• Mobile ERP applications is the ability to manage operations

virtually, anywhere in the world, and to harbour fundamental
geographical information.
• These mobile ERP applications allow companies to benefit from
improved quality of service and greater productivity.
• A Mobile ERP makes it possible for your customers to get alerts on
their orders and track progress on their phone.
• Mobile ERP makes it possible to record, upload, and share accurate
data as quickly as possible.
• A mobile ERP system can help prevent bad customer experiences
before they happen.
 7. DELIVERY METHODS
 Say goodbye to traditional licensing paradigms, as these days
the companies are interested in ERP which can choose from a
variety of delivery methods.
 The SaaS model, offer the company’s access to business
services such as the Payroll, HR, procurement, etc.
 ERP systems are fast and easy to deploy.
 ERP solution promises to integrate the accounting sales,
procurement and project management at a fraction of the cost
of traditional ERP system.
 8. FLEXIBLE INVENTORY
MANAGEMENT
 If your business has multiple product lines and each product line needs
to be segregated, you can do so easily with Tally. ERP 9 by defining
unlimited groups, categories and batches.
 Can be used to manage stocks in a very flexible manner.
 Based on the business need, you can create multiple go downs and track
stock go down-wise.
 Create multiple price lists for your business to manage different types of
customers.
 9. SUPPLY CHAIN MANAGEMENT

 In today’s fast and competitive marketplace, the ERP Software

development Companies need to be able to monitor the demand,
supplies, manufacturing status, logistics in record time.
 Failing to find the information, such as the location of the product’s key
components and to share this information with supply partners, can lead
to significant impact on a company’s supply chain.
 An ERP supply chain management module aids in all supply chain
processes, from designing to planning to manufacturing and also
fulfillment.
 10. INTEROPERABILITY

 This is a characteristic of a product or system, whose interfaces

are completely understood, to work with other products or
systems, at present or in the future, in either implementation
or access, without any restrictions.
 For the accounting activities, a financial institution may rely on
the particular ERP solution, but in return to that, to process
the claims of human resource management , it may turn into
the third-party application.
 Having a single data warehouse means to restrict the points
tightly to monitor and secure the customers ERP solutions. For
this reason, the companies must inquire about a particular ERP
system’s degree of interoperability to avoid the headache of
integration.
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