What is ERP? – A Comprehensive Review
One of the most asked questions from a fresher into the corporate sector is – What is ERP?
So we thought we should shed some light on it.
Well, in simple words it is one of the leading IT resources in today’s business environment. The full meaning of ERP is Enterprise Resource Planning. It empowers small, medium and also large businesses to perform and manage their day to day business operations.
What is ERP (Enterprise Resource Planning)
The full meaning of ERP does not properly portrays its definition. It relates ERP to the processes used to run a business. You can manage these business processes such as planning of resources, Customer Management, Human Resource Management, Financial Management etc. with ERP.
Basically, ERP is a management system designed to help managers in case of maintaining all the business operations from a single place. In addition, it provides collaboration between the processes.
Core Modules of ERP
ERP management systems have different modules of integrated applications that can automate different business functions. Let’s find out the core modules of a basic ERP system.
ERP Manages Your Business Data
Enterprise Resource Planning is the most frequently used business software. It combines the core business processes and also helps to manage everything from a single platform.
In large organizations, different computer systems integrates with ERP for better performance and optimized system. In earlier times, each department of an organization had their own systems that helped them to manage everything. With ERP, departments still have their systems, but communication between all departments and sharing information is possible.
Most important goals of ERP –
- To make the flow of information easier
- To make effective data driven decisions
ERP software can collect and process data in an organized way from different levels and departments of your organization. As a result, this becomes helpful for your business to provide real-time management of key information and insights.
How ERP Supports Your Business
Now, you know what ERP management system is. The benefits of such systems and how they support your business is described below.
ERP acts like the central nervous system of a business. It collects activities information of different aspects of the business. Using the system this information can be made available for other parts so that it can be later used productively.
One of the most noteworthy features of WP ERP is that users of ERP add data and information in real-time. It is possible for the ERP users to access the system with a valid password. Furthermore different access control implemented to prevent privacy-related problems.
Your organization becomes self-aware as the information that ERP collects is linked together. This information is about accounting, production, HR, customer, project management etc.
ERP provides automation in collection of information, processing and sharing. Different departments of your business can collaborate with one another. This makes your business self are and more robust than before.
Reduces Technological Costs
ERP connects different technologies together. Different parts of your business use these technologies. It also helps to eliminate incompatible and duplicate technology. In addition, this effectively reduces your business expenses. It reduces costs including of customer databases, HRM system, accounts payable, monitoring orders and stock-control systems etc.
With the help of ERP systems, you can make smart decisions. The information collected and processed by the ERP can prepare effective reports and charts. Therefore, you will be able to take different strategies depending on these factors.
WordPress Based ERP Systems
Different types of ERP systems are available in today’s market. There are standalone systems, custom systems, cloud systems, hosting solutions etc.
Among these, cloud and hosting solutions are the most popular ones. There is also an unique platform that is becoming popular rapidly and it is WordPress ERP solutions.
WP ERP is the only revolutionary WordPress powered FREE ERP system. There are three core modules of WP ERP. They are, HRM, CRM, and Accounting. You can effectively manage your business with these modules. There are also many extension that helps your business management easier than before.
What you get with FREE WordPress ERP
As mentioned earlier, WP ERP provide three FREE yet powerful modules that can easily help you to manage any small business. Let’s dig deeper and find out how you can manage your small business with WP ERP.
Manages your Human Resource
WP ERP’s HR module allows to perform the following operations-
- Add employees with relevant information
- Store and manage your departments and designations
- Manages your employee leaves
- Evaluates employee performance
- Manage holidays
- Internal communication system
- Rich email templates
- Private messages
- Powerful HR reporting
Manages your Customer Relationships
- Manages your company contacts and their life states
- Easy note taking
- Built in mailing system
- Activity log for all your contacts
- Scheduling meeting, call, email, messages etc.
- Assign people to different task
- Advanced contact filtering
- Powerful save searches
Manages your Company Accounts
- Realtime transactions and account management
- Sales transactions
- Receive payments
- Sales receipts and invoices
- Expense management
- Payment voucher
- Vendor credit
- Journal entry
You can also increase the capabilities of WP ERP with handy extensions which may help you to manage more complex operations including,
- Attendance Management
- Document Manager
- Email Campaign and also many more!
If you are interested in a revolutionary ERP system for WordPress, then you should take a look into its features. You will surely find out how it will aid you and your business.