What are the modules in ERP?
Enterprise Resource Planning software has become the lifeblood for businesses over the last decades. It gives employees access to business data for tracking, evaluating, and managing operations with efficiency. Common ERP modules support back and front office functions such as procurement, finance, accounts, sales, inventory management, supply chain management, and more. Let Us Have a Look at Some of the Basic ERP Modules: 1. Finance and Accounting Finance and Accounting ERP module focuses on displaying the current financial state. It automates billing tasks, vendor payments, helps you prepare reports such as Profit and Loss statements, and more. 2. Human Capital Management Human Capital Management ERP module allows businesses to manage, develop and recruit human resources or employees and streamline the onboarding process. It promotes talent management, compliance management, workforce management and maintains employee data. 3. Procurement Also known as the Purchase module, P...