what is erp modules

ERP stands for Enterprise Resource Planning, which is a software system that helps businesses manage their operations and automate processes in various departments. ERP is made up of multiple modules that support different departmental processes. The basic modules of ERP software are Procurement, Finance and Accounting, Human Capital Management, Manufacturing, Order Management, Supply Chain Management, Inventory Management, Warehouse Management, Customer Relationship Management, E-commerce, and ERP Analytics. Each module is designed to meet specific business requirements and provides employees in that department with the transactions and insight they need. ERP modules assure data centralization on one platform to help employees accomplish tasks with ease. Businesses can purchase only the modules relevant to their business model, operations, and key challenges, and then add ERP modules to address new needs or challenges as the organization evolves. ERP provides automation, real-time access to data, and greater efficiency, and it is ubiquitous in businesses of all sizes.