Due to the widespread of the use of computers in all business aspects document management systems have emerged to help business owners manage the documents related to their work efficiently. Different systems related to different fields have been produced by software companies to provide a digital management system to any company working in any field. One of the most successful and well known systems is ERP.
What is ERP
ERP stands for Enterprise resource planning, it is a business management software that any company can use to manage data. ERP is useful for many activities such marketing and shipping or any other business related activity. ERP consists of a Database and a dashboard.
ERP software modules
ERP consists of several software modules and each one is focused on a specific area of business process. ERP modules cover several functional areas, such as: Financial accounting, management accounting, budgeting, human resources, recruiting, marketing, manufacturing and engineering.
What are the advantages of ERP?
ERP saves time and cost making the process of decision making faster and thus increasing profits. It also helps in sales forecasting, order tracking and revenue tracking. ERP centralizes business data which brings legitimacy and transparency to data and protects sensitive data.
ERP improves the quality and efficiency of the business. It supports the management by providing detailed information fast which increases the speed of decision making. Due to the ease of entering and updating data that ERP offers, it creates a company that is more agile and adaptive to change. It also enhances data security.
New trends related to the ERP software has been released recently providing valuable services to ERP users. Below are some of these trends:
This trend allows employees to access ERP software through their mobile and thus accessing the most important files on the database to find any information they might need at any time in any place.
Social media packages added to ERP systems adding value and services to them.
If you are a business owner or running any kind of business we suggest you make a small research to find out the ERP module that suits your business and start implementing in your company. It will be very useful for you.