ERP Modules: Types and Characteristics

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Multiple options might be discovered while examining business management systems for utilisation. Once the choice to purchase an ERP has been taken, it is typical for the software to be examined to be modular, that is, to have several modules that can be deployed based on the company’s needs.

What is an ERP?

An ERP is a management and information system that allows managing all the data generated by each of the business areas of a company in an integrated manner.   As a consequence, it helps to increase the profitability of the company and allows it to reduce its costs.

What is a modular ERP?

That is, purchasing, finance, sales, production, among others. In this sense, using a modular ERP allows you to expand its use depending on the needs. As the company grows, as well as facilitating the implementation process.

What advantages does an ERP bring us?

The most important advantage that a  good ERP management software  offers us is the growth of our operational capacity. This depends on the strategy or orientation of your business. But it is always an essential step for all companies that want to grow. Thus, the  ERP  must be present in any expansion plan by a company.

What types of ERP modules exist?

In the same ERP system we can distinguish several types of modules:

Basic modules

These are those ERP modules that are part of the standard solution and perform the most basic functionalities. Therefore, we have to acquire them compulsorily when we get one of these systems.

Optional modules

vertical modules

Main modules of an ERP system

Next, we indicate some of the most common modules that ERP systems usually have.

Financial management

This module is in charge of managing in an integrated way all the processes that are related to the economic activity of the company. Which includes  accounting, budgets, bank accounts, taxes, invoices, etc.

Sales

The  sales module  must essentially respond to the needs of the commercial department. A good sales module has to control billing, collections, treasury, take into account the type of client.

Production and warehouse management

With this module they are in charge of managing all the information related to the manufacture of a product.

e-commerce module

This module will allow you to manage your online stores and your physical stores in an integral way. It will allow you  to handle billing, commercial management, accounting for your online. And physical stores without having to duplicate work. 

CRM

The CRM module ( Customer Relationship Management ) is responsible for  managing the relationship with customers . In other words, it records not only contact data and meetings established with our clients. But also comments, profiles on social networks, registered needs or even personal notes. The CRM module is a great tool for sales teams and the marketing department. It prevents the loss of information from our customers, as well as classifying it, relating it and also sharing it. Therefore, in a single click we can obtain all the information about each client.

The CRM module ( Customer Relationship Management ) is in charge of managing the customer relationship. In other words, it captures more than just contact information and meetings with our clients. But also comments, social network profiles, recorded demands, and personal notes. The CRM module is an excellent resource for sales teams and marketing departments. Data eliminates information loss from our clients while also categorising, relating, and sharing it. As a result, we can obtain all of the information about each client with a single click.

Human resources management

The human resources module manages all the information related to the company’s workers. 

Business Intelligence Module

This module gives us the possibility of carrying out data analysis. That allows us to discover the needs and points of improvement in the company.  Data analysis tools allow us to quickly and globally examine the state of our company. It also allows companies to understand the current market scenario and change the process or trigger. Need to develop a new product and/or service that matches current demands. The ERP system offers an integration module with the Power BI data analysis tool.

Try Microsoft ERP for free, the best modular ERP for your business

From  Dynamics Square we invite you to try our  business management program in the cloud. We can give you a  free online session . If you come from another management program, we will import the data into the  Microsoft ERP system .

Try Business Central and You will be able to test all the functionalities of our ERP system. And check if it fits what you are looking for. We have a management solution with sales modules, purchases, collection and payment management. The POS, warehouse management, CRM, dashboard, accounting, document management, production, project management. The connection with  Dynamics Square and many other features. For more information  do not hesitate to contact us .

See Also – Business Central 2022 wave 2

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