Could your business use better management? Don’t worry, it’s not you — it could actually be your software. When you notice general ledger account reconciliation becomes difficult, or your human resources systems are all out of whack, it might be the result of needing better ERP software solutions for your company.
What is ERP software? ERP, or enterprise resource planning, is an umbrella term that relates to computing software for business functions. The types of ERP systems available can range from simple accounting software and ERP software solutions for payroll or human resources to specific applications for certain companies and industries. Project planning, inventory management, and even cloud storage can all be created and purchased for a variety of businesses.
What types of ERP software programs are available? Here is a basic sampling of some of the software you may encounter.
1. Human Resources: From hiring employees to paying them, there are plenty of functions that human resource managers must rely on for their software. One thing they need to keep is accurate records of their employees. Human resources software can also help you keep track of payroll, taxes, and other documents for employees. Certain types of software also have a space to track employee progress or note any concerns you may have about workers’ behavior.
2. Accounting: While spreadsheets can serve a basic purpose when it comes to accounting, for the most part, they aren’t very comprehensive. In order to store past and current financial records, you may use cloud storage to have access from it anywhere. This can save some serious frustration during tax season, so you can avoid a costly audit later on.
3. Inventory Management: Anyone who works in retail, warehousing, or another business that relies on keeping an accurate and well-stocked inventory knows how important it is to have these numbers at your disposal at all times. Inventory software (and equipment, too) can be tailored to suit any type of industry. It can help reduce shrink in your store and ensure that products are moved properly.
4. Project Management: When planning a specific task for your company, whether it’s developing a new product, incorporating a new IT system, or maintaining a relationship with a specific client, you’ll want the best software for the job. Project management software can track progress from a project’s inception to its completion. Many types of ERP project management software can include space for collaborations to happen, too.
Want to find out more about how ERP software solutions can aid your business’s day to day operations? Contact a reliable software dealer or talk to an expert in business management applications.