Top Features For Your ERP System & Why You Must Have Them

This article lists the features that are most needed in the ERP solution of your business, irrespective of the type of industry it belongs to.

A good ERP is composed of all great things, meaning great features. If you have a plan to get an ERP solution for your running business to make progressive and efficient, then make sure you get it developed with all the powerful features. This article explains what features you need to concentrate on to make your ERP solution the ultimate secret for your success.

The task of an ERP is to make optimum and wise use of manageable resources, including manpower to give maximum returns in terms of productivity. While more entrepreneurs lack the power to efficiently do that or lack an effective management team for that, an ERP solution will help them. But, it definitely needs to be integrated with great features and here are some.

Support for HRM

Make sure that your ERP system comprises of an HRM module that will stack up all information of the members working within the organisation. Every detail, from their joining date to alloted designation and leaves should be saved in the HRM for the HR manager to access. Besides, the hours worked also should be recorded in it.

Contact synchronisation

Obviously, your new ERP should be able to import all the contacts for client communications from the earlier customer management solutions. This is a necessary requirement for your new system to ensure you do not lose any contact or need not have to re-enter every detail again.

Sales management

The ERP should be able to handle all sales activities stringently including sales enquiries, sales orders, earlier client follow-ups and invoices. Sales module is also essential because it speeds up the entire sales cycle, causing the closure of leads in a shorter time.

Delivery methods and supply chain management

There should a feature in your new system that will let you choose from different delivery methods and monitor the activities in the supply chain including material purchase and supplies, production, logistics, and distribution.

Project management

Project life cycle management is a necessary feature for your ERP as it would help enterprises to track and manage all the stages involved in manufacturing to cause faster delivery and quality products. Besides, project management results in the reduction of resource wastages.

Financial management and reporting

Needless to say, there is a need for an advanced solution which will help the financial team of the business to keep all finances data at one place and generate reports.

Asset management

While it is too hard for businesses to keep maintain and keep track of all the assets, record the assets incoming and outflowing, and maintain data of the assets allocations to the members of the organisations.

Database management

There’s also need for a solid database where information of processes and different workflows should be kept intact, and provide members with real-time access to the datasets.

Getting an ERP solution is never a lame decision. It is full of advantages that can help your business evolve with great efficiency. However, make sure you get these features incorporated in it brilliantly be seeking assistance from a great ERP development partner.

 

Jonathan Paul is an expertise Odoo consultant at Vision & Solutions, a top-ranking firm for Odoo ERP development in Australia and a trusted Odoo partner, which has been providing companies all over the world with well-versed ERP solutions to help their businesses grow with efficiency.