Enterprise resource planning (ERP) software integrates advanced features and functions to help manage business operations efficiently and effectively. Earlier, only large enterprises can enjoy the perks of ERP software, as most of them are costly.
But after the emergence of SaaS, things have completely changed. Now even small-scale companies can use cloud-based ERP solutions. In this blog post, you’ll get to know about the Enterprise Resource Planning tools used in ERP and the various characteristics and features they offer. The below-mentioned ERP tools segments are topnotch, and one must include them in their ERP system.
Database Management ERP Tools:
Companies should establish data storage and information management tools in an ERP system across all the departments, as they are considered the backbone of the ERP system. There are many tools and software available for data storage that let you efficiently manage the wholesome database of companies.
According to the company’s requirements, one must select the appropriate tools and solutions. Most companies find transactional database software like Oracle or MySQL useful, as it is easier to move data between different platforms. On the other hand, an online digital marketing firm may find a CMS much more relevant for their business operations needs.
ERP Tools with suitable permission control:
Data storage and business operations tools need access like read-only or editing to further process the information. If once an item is manufactured, it should be marked as ready, and then the stock management department makes it prepared for sale. To achieve this, easy-to-use application and more straightforward interface play an integral part in Custom ERP solutions, which also has some specific controls and functionality. For e.g., if it marks the item as sold, then only the logistic department should have access to proceed it further. At the same time, the other department should get a view of the read-only format.
To use such permission-based controls, software and tools integrated into ERP solutions should be designed for both desktop version or tablet/mobile apps. The production department can access it through the desktop version as they mostly work in stationary positions, while the sales team which are always moving can access it through browser or mobile applications.
Workflow Management Tool:
An ERP system includes data storage platforms where data updates and action works in fixed sequences according to the company requirement. This consists of the workflow. Workflow can be used to control the various departments (Operation sales and marketing, digital marketing, and other departments). The well-defined workflow, which provides access at different levels plays a crucial role in any ERP solution.
The most commonly used tools for implementing the workflow with ERP solutions are Agiloft Workflow, Intelex Business Management, and SimpleECM, etc.
Reporting Tool / Dashboard:
Employee report generation is one of the important requirements of an ERP system. It usually showcases a report in the dashboard’s form (Real-time data information displays information like employee punch-in, punch out timing, and individual productivity level, etc.) and it can also be customizable into spreadsheets.
Most of these reporting ERP tools work in real-time. These ERP suite of tools are available as desktop installation, browsers and also include features like email reports, excel or work attachments, and charts/graphic representation.
Analytics tools included in the ERP system for data mining and business intelligence. These analytics ERP software tools work on the stored data and display valuable insights that help companies in the decision-making process.
ERP frameworks (like Moqui and Apache OFBiz) and tools are so complicated that companies need to hire a ERP vendor for implementation. Few aspects that companies should follow to avoid failures are proper testing at the early stages, collaborating with the experts here who understand your business requirement.