Enterprise Resource Planning software is the bone marrow of the big companies. Without them, no big company can work efficiently. Enterprise Resource Planning (ERP) software integrates various functions of an enterprise in one place. It helps in effective resource planning. It facilitates detailed reporting of the company’s functions interlinked to each other for better decision making. ERP software comes with different customizations to satisfy the needs of every individual and company. It reduces human efforts and errors and avoids repetitive tasks by automation. Thus, improving efficiency and saving time.
Uses of ERP system
- Accounting: It includes passing of entries, maintaining ledgers and preparation of financial statements. Basic ledgers like account payable and account receivables.
- Taxation: It goes well with different types of direct and indirect taxes.
- Inventory management: This software helps in managing inventory as it is integrated with all departments which leads to perfect inventory management.
- Customer relationship management: It helps in managing consumer relationships through data analytics. It helps in gaining knowledge about the target customers and consumer service.
- Human resource management: It facilitates talent acquisition and managing the workload of employees.
- Cost management software: This software helps in controlling costs in the operations of the company. It helps the company in managing its profitability.
The implementation involves three main phases:
- Planning: It involves understanding the needs of the clients by the senior officials and developing a detailed understanding of the current issues faced by the client. Preparing the plan or the procedure required for the development of the software and arranging various resources required for it.
- Configuring: It involves developing the software according to the plan laid by the project team in the assigned time. It also involves adding customizations which are needed for satisfying the demands of the clients. This process is also called designing.
- Testing: Testing and development may go hand in hand. Testing is a very important part, as during this process the errors pop out. And if it’s not done properly the final product may turn out bad.
- Deploying: After testing the software after development, the software is deployed into its actual use. There can be some issues after deploying which may later be rectified.
ERP implementation is the time it takes to bring ERP software into its actual use. The erp implementation singapore includes various steps like discovery and planning, design and development, testing and then deployment. This whole cycle can take up to 6 to 12 months.