Main Functional Modules Of ERP Software

ERP software consists of many functional modules. These available modules of ERP software mimic the functional area of the association, respectively. Some of the modules include inventory control, finance, product planning, accounting, product allocation, order tracking, etc. The organizations choose the modules they want to execute according to the feasibility. ERP streamlines the data flow by combining all these departments, which is done by implementing a suitable module.

Some of the functional modules of ERP software are as discussed below:

1. Finance: This is an important module since the other modules are integrated into financials. All modules require sanctioning from the finance department. Therefore, it is integrated. This module includes the balance sheets, accounts payable, accounts receivable, budget, cash management, general ledger, etc. are included in this module. This is a center module for any organization and collects financial information from other units to prepare the balance, general ledger, and statements.

2. Production planning module takes the optimum utilization of the workforce and machines and the production schedule. It allows the manager to schedule the work excellently.

3. Inventory Control: Inventory Control is one of the functional modules of the ERP software system. It identifies the requirements, provides replenishment possibilities, reports inventory status, observes usage of items, sets targets, etc. The inventory control module is living integrated with the purchase and sales modules.

4. Human Resource: This module is also widely implemented as it streamlines the management of human resources and mortal capital. It maintains a worker database consisting of their contact details, attendance, salary, promotion details, execution valuation, etc. This information may be utilised to optimise the expertise of the employees.

5. Purchase: The purchase module helps streamline the procurement of the raw materials required. The various processes involved, such as dealing prices, determining the potential suppliers, rewarding purchase orders, and billing procedures, are automated. The inventory control module and production planning modules are incorporated with the purchase module.

6. Sales: Another functional module of ERP software is the sales module. This executes order scheduling, arrangement, shipping, and invoicing. It is integrated with the e-commerce websites of the organization.

These are the functional modules of the ERP software system that form the software. These modules integrate to provide a smooth flow of data across the community. ERP software centralizes the data into one place and eliminates synchronizing the changes. It provides a top-down view of the community and no remote data. The centralized data reduces the loss of data and access control of business processes that cross-functional boundaries.