If you are looking for an ERP solution for your organization and are browsing internet to understand and decide, it is advisable to have a functional consultant to review your business processes. An experience consultant will understand your business cycle and map it in terms of Functional requirements for further assistance please feel free to contact Brainsphere IT Solutions.
At BrainSphere IT Solutions we also provide a consultation session, where in our experience will review your business process and handover a documentation that will be based on your ERP vendor search and give management clear ideas on the business necessity. In this article, we will give you brief on various ERP modules and some standard functionality that can be found in basic ERP software, if the software you are evaluating does not include the mentioned basic features, it a red flag that solution is not comprehensive.
Module is nothing but list of functionalities based on business process, for example – sales module is used by a sales manager and it will include all the functionality associated with selling goods.
Let us take example of a Trading company name ABC
ABC will need to purchase goods for selling hence there is need for Purchase Module.
Purchase Module – It will have functionality to create Quote, Order and Purchase Return (purchase invoice might be available in this module or finance or both).
ABC needs to manage the goods purchased, store in specific location, identify and count time from time to time, it needs Inventory Module.
Inventory Module – It will have functionality like Goods Receipt Note, Inventory Transfer, Stock counting, Stock Adjustment, Purchase Receipt and Sales Delivery.
Now ABC must sell the goods to run the organization, it needs Sales Module.
Sales Module – It will have functionality like Sales Inquiry, Sales Quote, Sales Order and Sales Return (sales invoice might be available in this module or finance or both).
ABC needs to receive money for customer and manage its day-to-day cash requirement, so, the Finance Module is required.
Finance Module – It will have functionality to invoice customer and vendor, receive the money and pay to supplier and journal entry for transaction.
The above-mentioned are basic modules available in any standard module, there are many other modules that organizations can purchase based on requirement.
HR & Payroll – to manage the human capital and process the payroll with WPS as per UAE labor law. Manufacturing, contracting based on the industry and line of operation. Even there can be add-on module available to complement the Trade cycle (Purchase, Sales and Inventory) like before Sales Enquiry is created the organization needs CRM (Customer Relationship Management) to manage the interactions.
To Manage Inventory – PDA/ Hand Held devices can be used and inventory is tracked with bar-code printed on it.
Some modules are business necessity and some are optional, that can improve the process – A proven consultant can help you to schedule your ERP implementation in phases so you can pay for necessity and later add the modules as your business expands.
BrainSphere IT Solutions have very flexible module wise pricing and various modules can be added as per client convenience.