ERP- Key Modules to Look at for a Non Manufacturing Company in India
Whether your growth plans include buying and selling in the global marketplace, adding more talent to your team, or expanding your services, Your ERP software, should have the tools and the flexibility to successfully accelerate your business expansion. Supporting different languages and multicurrency transactions the ERP should have the ability to scale up to requirements, must have flexible deployment options and should be modular in nature so you can start with the modules you need and more as you and your organization grows.
Some of the important modules you should consider while evaluating an ERP are:
Core Financial
The financial modules of accounts receivable, accounts payable, the general ledger, are powerful tools to help you confidently manage your business’ complex finances. Once integrated with full multicurrency capability, powerful bank reconciliation and tax reporting features, flexible transaction processing options, and informative dashboards for analytical reporting, The Financials of your ERP will help you to manage your finances accurately.
Core Operational
The core operational modules of inventory control, order entry, purchase orders, and project and job costing streamline the order fulfillment process so your business delivers every time. The order entry and purchase orders modules should be fully integrated with project and job costing, offering the most flexibility in the way transactions can be processed, while the inventory control module allows you to manage thousands of items and create flexible price lists. You even have the option of determining how and when inventory costing is performed, offering you ultimate freedom in managing your business your way
Customer Relationship Management
With a CRM, you can automate your business processes to synchronize sales, marketing, and customer care activities across your organization, giving you complete business and customer perspectives, anytime, anywhere. Regardless of how, when, or where your customers, partners, and prospects choose to interact with your company, CRM solution once integrated with ERP the whole solution delivers comprehensive, easy-to-use tools to help you confidently manage these relationships.
Business Intelligence
A business intelligence tool is an enterprise-wide reporting, budgeting, and consolidations application that is ideal for employees in remote offices and disparate departments who need to manage, distribute, and collaborate information from a single source. It allows users to quickly capture and process information into meaningful reports and to securely distribute them across the entire enterprise on demand.
Project Job Costing
The Project Job Costing module provides an effective solution for project managers in construction, job service, and other professional industries who require a time-and-material system. It delivers the tools necessary to manage the simplest to most complex contract or job. It makes the estimating, tracking, costing, and billing of projects easy and manageable – simplifying cost control and planning. The Project Job Costing connects project activities with company financials, provides extensive inquiry and reporting capabilities and helps ensure accurate and timely accounting and billing processes throughout the life of a project.
With the powerful features you get in Project and Job Costing, you can identify potential issues and determine success factors for any project. The automated billing features in this job cost accounting software streamline customer invoicing and reduce the time spend managing this process.
Which ERP suits your organization?
There are various ERP packages available from various companies. Most importantly we need to see the size, budget and processes while determining the ERP vendor. Companies like Sage India are most suited for SME and SMB. To know more about their ERP you can visit at http://www.sagesoftware.co.in
Source by Manish