Online ERP software is the backbone of an entire small to medium- size enterprise as it connects every single layer of a business to help building essential business relationships. Enterprise resource planning is an online application designed with fully integrated modules that help to process, maintain and support the flow of information between different departments. Payroll, Financial accounting, Production planning and Material management are the multi- tasking modules that make an organization’s process and workflows easy.

Let us explore the type of most common ERP software solutions that are utilized by the small to medium- size enterprises in India: 

Common ERP Systems

ERP production planning software is incorporated with cutting- edge controls & tools that manage the entire process from planning, scheduling, and routing to shipping. Its revolutionary features include item wise price and assigning a material & operations to a machine or an individual respectively. The core objective is to supervise production for a maximized ROI.

Stock management software records, maintains and updates a summary of available goods and ordered items. It creates balance between supply- chain management. Hence, there are no chances of running out of stock of raw material during production.

ERP software for data management simplifies master database in terms of reports, financial documents, ledgers and statements. Financial accounting ERP software generates standard & customized invoices, debit & credit statements, loan & deed files and tax returns to cater for management’s varying database requirements.

Employee data management software gathers, processes and controls all the data of employees related to their attendance, salaries, ESI/ PF, appraisal and appointment & relieving. It eliminates the hassle of updating records manually and empowers the HR department to manage payroll at ease.