Top 5 ERP Modules and Their Business Benefits
The ERP software helps businesses increase their revenue margin and efficiencies, along with improving communication across the company. According to Alfresco reports, nearly 83% of employees out of 753 business professionals depend on technology to enhance collaboration in the organization.
Table of Contents
What are ERP Modules?
Which are the Most Important ERP Modules?
Sales and Marketing (Customer Relationship Management)
Grow your business with best awarded real estate and construction ERP software
The marketing module also enables customers to run marketing campaigns, send emails, and manage advertisements amongst other activities which, when combined with customer data, can help increase sales and generate higher revenue.
HR and Payroll (Human Resource Management)
Once the leave details are updated at the end of every month, the payroll module kicks in and automatically calculates the salary to be paid. This saves accounting and payroll departments a lot of time, as the professional tax is already configured in ERP and salary slips are generated according to the respective calculations.
Finance (Financial Management)
It also shares its data with other modules like purchase, sales, marketing, etc. and whenever a related financial activity or a transaction is performed in any of these modules, it triggers an action in the financial module, and the data is updated in real-time.
Supply Chain Management
The supply chain module is mainly responsible for inventory management, transportation, scrap sales of materials, maintaining supplier master and material master and quotations, transfer of materials from one site to another, managing returns to supply, and much more.
Files (Document Management)
How are ERP Modules Beneficial to the Business?
Different businesses have different goals as to why they go with ERP software, and the organizations mostly choose only those ERP modules that fit their company process and align with their business requirements.
Some of the significant ways ERP modules are beneficial for a business are:
- ERP modules help to streamline and automate all the business processes to increase operational efficiency and improve day-to-day activities.
- ERP Modules give a better sense of clarity as the data exists in one centralized place.
- ERP modules increase the productivity of the business. This is because they eliminate all the manual processes and allow the employees to focus more on revenue-generating tasks.
- The ERP modules eliminate the gap between various departments by providing enhanced communication between the employees. When there is a smooth flow of information among various departments, workplace collaboration also increases.
- ERP modules offer good data security. It allows various departments to share the information and at the same time, the ERP modules control who can see and edit the data that is shared.
- The ERP modules perform real-time analysis of data and calculate expected sales, revenues, and cash flows well in advance.
Conclusion
There are many ways to automate business processes, but the organization should know how to integrate the ERP system properly. The ERP modules provide exceptional functionality which helps the companies to benefit from continuous cooperation and communication.
In4Suite® is one such real estate ERP software that offers effective collaboration among the employees. In4Suite® stores all the customer data in a centralized manner so that the team members can access the information whenever necessary. The ERP modules in In4Suite® allow the integration of various collaboration tools to ease the task of the users.
Varun Surendra Tulsyan
Varun is a Digital Marketer with overall experience of 11 years including experience in B2B marketing for the past 5 years. He is the first hire for marketing at In4Velocity and is obsessed with digital marketing.
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