Enterprise resource planning (ERP) integrates internal and external management information across the entire organization, embracing finance / accounting, manufacturing, sales and service and customer relationship management
ERP systems typically include the following characteristics:
An integrated system that operates in real time, without relying on periodic updates.
A common database, which supports all applications.
A consistent look and feel throughout each module.
General Ledger, Fixed Asset, Payables, Receivables, Cash Management, Financial consolidation.
Budgeting, Costing, Cost Management, Activity Based Costing
Recruiting, Training, Payroll, Benefits, Diversity Management, Retirement, Separation.
Engineering, bill of materials, work orders, scheduling, capacity, quality control, Manufacturing process, manufacturing projects, manufacturing flow, product life cycle management
Project planning, resource planning, project costing, work break down structure, billing, time and Expense, performance units, activity management
Customer Relationship Management
Sales and Marketing, Commissions, Service, Customer Contact, Call center support.
Management of user privileges for various processes.