Common ERP Software Functions
ERP software encompasses the following business functions:
1. Customer Relationship Management (CRM)
Probably the most important function of ERP software customer relationship management. The CRM software module in an ERP software system can greatly assist in generating leads, order placement, and customer support.
2. Sales
Sales is considered a subset of CRM. The CRM software module in an ERP software system can help with sales development, trend forecasting, performance tracking, sales territory management and customer segmentation.
3. Manufacturing and Distribution
Another important component of ERP software is the management of product manufacturing and distribution. The manufacturing module of ERP software can assist with materials scheduling, inventory management, assembly, distribtion, shippping and tracking. ERP is invaluable in the age of global supply chains.
4. Accounting and HR
All ERP software includes an accounting/financial and human resources module that helps with the management of cash flow, resources allocation, accounts receivable/payable and employee payroll management.
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