5 Must-Have Facets For Every ERP Solution To Garner Maximum Benefits
Mastering the implementation of an ERP solution is not a cakewalk, but needs sheer efforts and embodiment of all the vital features that will make it fully potential to serve the business’s needs. But creating such an ERP system that is composite and feature-packed to cater well to the business’s demands is a backbreaking task. Here’s explained a list of core features as recommended by ERP experts that every business need to incorporate in their ERP solution.
HR planning and accounting
Your ERP should support a centralised management of HR resources, from work hours tracking of personnel to performance assessment and payroll management. The feature of HR management is quintessential in an ERP to help the HR crew of enterprises to manage the vast records of employees, especially those working across different geographies.
Lot tracking is a top priority in ERP solution for manufacturing and processing industries. With the feature of lot tracking, the ERP system is powered to provide default end-to-end traceability of the lot, from intermediary materials to the finished good. Real-time tracking makes the business exceptionally prepared and responsive to any of the problems and to opt for product recalls if needed.
For every ERP software to provide a complete solution, there’s need for a CRM module too, which will ensure seamless management of leads, customers orders, queries, follow ups and other sales opportunities. In short, CRM is a must-have aspect of ERP software for better supporting customers to help the company flourish in terms of sales growth.
To help the concerned company to keep pace with the market scenario, the ERP suite must be built with intuitive capabilities of business intelligence (BI). Besides helping enterprises to streamline their work processes and bring brisk organisational management, it is crucial that the ERP system offers insightful analytics and reports on the company’s real-time operations. This will essential to help the employees to take prompt decisions and actions to curb out any probable disruptions.
While every organisation works solitarily in their own way with a unique ERP system, at times there erupts the need for third-party software for undergoing any particular task. However, most times pre-existing ERP software fails to integrate the third-party software. Thus, one needs to assure that the ERP solution has the capabilities of integrating other outside software.
Built with Odoo which is a robust software suite for management services, an ERP solution is primarily used by companies to integrate all entrepreneurial applications for connecting the activities of departments so that every working person get uniform access to the processes and data. However, organisations must adhere to this list of features as a checklist to built an all-in-one software of ERP to ensure that their investments fit rightly with their needs.