ERP (Enterprise Resource Planning) software is a business management software that integrates various business processes into a single system. Some of the top features of ERP software include:

Financial Management:

Financial management helps businesses to track accurate results of their finances.  It is specifically designed for businesses to manage their assets, and create accurate reports. Furthermore, ERP software provides supply chain management and other software as well to manage finance.

Supply Chain Management:

ERP systems can help a company manage its supply chain by tracking demand, inventory, manufacturing processes, logistics, and distribution. A fully automated and integrated supply chain enhances operations by suggesting purchase orders. CRM, work orders, and transfer orders across multiple locations.

Human Resources Management:

The HR component of an ERP system is the core of your business intelligence engine. It can handle complex payroll and compensation management, as well as onboarding for new employees, and integrate with other enterprise software applications to automate tasks like benefits administration. Moreover, they also provide tools to automate HR processes that previously required manual effort.

Customer Relationship Management:

The incorporation of ERP and CRM tools helps to store all purchased data. These tools are so efficient to store all orders, purchases, personal data of users, and billing information in a centralized location.

Project Management:

ERP integrates with many factors like HR, CRM, etc. Project management is also an ERP part, where each project planning, task management, and resource allocation are described.

Manufacturing & Product Management:

The module is tightly integrated with SCM functionality such as inventory, bill of materials (BOM), production scheduling, shop floor control, and distribution planning. It uses product serial numbers to track and locate items in your organization.

Data Analytics and Reporting:

ERP software package that allows users to gain insights into business operations.  Therefore, it often includes data visualization, analysis, and reporting tools, enabling businesses to analyze data across their organization using powerful user interfaces.