<p class="ui_qtext_para u-ltr u-text-align--start">ERP integrates all business processes like finance, HR, manufacturing, supply chain, services, procurement, and others into a single system.</p>
<p class="ui_qtext_para u-ltr u-text-align--start">ERP provide visibility, analytics, and efficiency across every aspect of a business. Using the latest technologies, ERP systems facilitate the flow of real-time information across departments, so businesses can make data-driven decisions and manage performance – live.</p>
<p class="ui_qtext_para u-ltr u-text-align--start">ERP systems perform financial and business planning functions, which might formerly have been carried out by many smaller standalone applications.</p>
<p class="ui_qtext_para u-ltr u-text-align--start"><b>Components of an ERP Solution:</b></p>
<p class="ui_qtext_para u-ltr u-text-align--start">ERP software integrates many business applications and activities which enables the system to cater to most of the processes and department if not all.</p>
<p class="ui_qtext_para u-ltr u-text-align--start"><b>The vital functional modules of ERP software:</b></p>
<p class="ui_qtext_para u-ltr u-text-align--start"><b>Accounting and Finance</b></p>

<ul>
 	<li>General Ledger</li>
 	<li>Accounts Payable</li>
 	<li>Accounts Receivable</li>
 	<li>General Journals</li>
 	<li>Trial Balance and Financial Reporting</li>
 	<li>Bank Reconciliation</li>
 	<li>Cash Management and Forecasting</li>
 	<li>Budgeting</li>
</ul>
<p class="ui_qtext_para u-ltr u-text-align--start"><b>Manufacturing and Distribution</b></p>

<ul>
 	<li>Purchasing, Tracking &amp; Sales Shipments of Inventory Items</li>
 	<li>Track by Lot and Serial numbers</li>
 	<li>Track Quality Tests</li>
 	<li>Warehouse Management functions</li>
 	<li>Conversion Tracking</li>
 	<li>Tracking Labor, Overhead and Other manufacturing costs</li>
 	<li>Provide the total cost of production</li>
</ul>
<p class="ui_qtext_para u-ltr u-text-align--start"><b>Sales</b></p>

<ul>
 	<li>Sales order creation</li>
 	<li>Sales order processing</li>
 	<li>Purchase order processing</li>
 	<li>Online sales</li>
</ul>
<p class="ui_qtext_para u-ltr u-text-align--start"><b>Service Management</b></p>

<ul>
 	<li>Track and monitor post-sales service to products in the field</li>
 	<li>Warranties</li>
 	<li>Service Contracts</li>
 	<li>Product Lifetime Costing has become standard functionality in current ERP solutions.</li>
</ul>