Key features of ERP Software

Key Features Of ERP Software

5 mins read

An ERP (Enterprise Resource Planning or Business Resource Planning) is the integrated management of main business processes computer systems for a company, as well as the administration of resources, especially for those related to logistics, production, HR, and accounting. It is a form of control and administration that companies can use for their development and be aware of the operation of their processes and data control.

It is a system accessible today to any type of company thanks to advances mainly related to “Cloud Computing,” which has allowed a great reduction in infrastructure costs and needs. For all these reasons, it has ceased to be a mechanism available to only large corporations. However, despite the above, it does require an investment in these systems to find a good solution.

WorldERP is a prominent vendor of ERP, which has a number of multi-billions dollar organizations in its customer portfolio, but seeks to close the gap between technology previously only available to Fortune 500 organizations and small-to-medium size businesses through more aggressive pricing and fast, easy to use solutions. The company is led by CEO Glenn Summerfield, whose expertise have helped many organizations reap benefits of ERP.

Glenn, in an interview with Larry Nichols explains how the company handles contracts and relationships with customers and executes strategies to help them make the most of ERP:

“We have tens of thousands of vendors and contractors who are already participating…” and there is no cost to join he WorldERP Network.

“In cases where the vendor has not joined, or elects not to join, vendors can still transact business with the client(s), however, the vendor will not be able to leverage any of the features offered in the WorldERP Network such as; Catalog sales (similar to look and feel), order management, shipment notifications, e-invoicing, online bidding, marketing opportunities, etc..”

WorldERP features and capabilities

Some of the characteristics and capabilities that ERP must meet to be adequate must be:

  • The implementation of resource planning systems software has to increase productivity. If, after studying the viability of the system, productivity is maintained or decreased, the ERP will not be implemented in any case since its priority is to increase productivity.
  • It is important that ERP has customization or flexibility. First, among the different systems that may be based on the needs of each company and different types of it. And on the other hand, the flows of resources or development of activities within the same company can vary over time. Therefore, with the ERP system implemented, it must be able to adapt and change.
  • An ERP must have a character, as its definition says, integrator. Therefore, it has to be a basic feature of these that they are able to integrate into the different departments and be consistent with the development of the company.
  • Business intelligence is a feature incorporated into new ERP and highly demanded. This allows users to analyze the data of their companies to carry out a more optimal use of the resources they have, the environment in which they operate, in addition to helping to design and produce the product that improves the business.
  • Sourcing and bid management
  • Procurement
  • Financial Accounting and eInvoicing
  • HRMS (Human Resource Management)
  • Logistics and Warehousing
  • Contract Management
  • Project Management
  • Event/Class/Tradeshow Management
  • Customer Management, also known as CRM, provides functions for the creation of sales offers, customer records, order processing, etc. performs very practical functions in this department.

These systems allow companies to improve their businesses due to the support and help they provide to different departments. Having, as a final objective, the increase in productivity and the benefit that this entails.ERP