ERP Functional Requirements
Enterprise Resource Planning Features
This ERP functionality is a major part of what makes this solution different from other types of software. While many standalone solutions boast their ability to integrate with other systems, there’s nothing like a suite of applications built to work together.
This ERP capability automates common tedious tasks including order entry, payroll, accounting, invoicing, reporting and more.
Since an ERP is already collecting and processing data from all your business functions, it makes sense to capitalize on that information through analysis.
ERP reporting capability as the tools needed to convey analysis to an end user. These tools often include customizable dashboards, Gantt charts, pie charts, bar graphs and other visual representations.
Customer Relationship Management
CRM is a great option for companies whose customer base has become too large for spreadsheets. Spreadsheets work well until you find yourself spending more time updating it than actually using it to find information.
ERP systems help manage processes like accounts payable, accounts receivable, fixed-asset management, risk management and tax management. There are many systems available that can also manage multiple currencies and tax regulations if you regularly do business outside of your country.