5 Most Common ERP Modules

The business challenges have never been higher. But, it is tough to meet them all if you are managing them with spreadsheets or legacy software. That’s where SAP Business One comes in. The software helps you step ahead from clunky processes and manual effort so you can focus on growing your business. The ERP software helps you connect and automate every function across your business. You can gain real-time visibility of your financial situation, streamline your core accounting processes, and manage your marketing, sales, finance and other vital functions. 

Now as we know how important ERP is for your growing business, let’s examine some of the most common modules of ERP. 

What are ERP modules?

ERP module is a part of the whole process. Each module has its own specific and related functionalities. Now let’s dive deeper into the most used modules of ERP.  

1. Accounting and Finance

This module helps to automate all key accounting and financial processes such as chart of accounts, journal entries, financial reports, bank statement processing, check and credit cards, budget, cost accounting, incoming payments, accounts receivables and account reconciliation. Some other areas where this module helps are:

• Chart of accounts
• Outgoing payments
• Deferred payments 
• Payment run 
• Incoming payment 
• Recurring postings 

2. Purchasing and Operations 

The module helps to streamline the procurement process of purchase request, purchase quotations, purchase orders, A/P invoices, import process and so much more. Some other areas where this module helps are:

• Good receipt POs
• Good returns
• Return Merchandize Authorization
• Down payment invoice
• Down payment request 
• Landed costs
• A/P credit moms

3.  Sales & Service 

The module helps oversee the entire sales process. It helps in opportunity and pipeline management, blanket agreements, delivery & returns, dunning and customer management, gross profit calculation, service planning, service dashboards, knowledge database, service call processing, and so much more.

• Campaign Management
• Invoices
• Service Management
• Service planning
• Quotations & Sales orders 
• Human resource integration
• Knowledge database
• Gross profit calculation
• Service management
• Quotations, sales orders
• CRM 
• Customer Interaction Tracking
• Dunning & Customer Management 
• Human resource Integration  

4. Inventory & Distribution 

The module helps to manage the complete order-to-pay cycles which includes invoices, returns and payments. It creates a centralized purchasing process, optimizes the supply chain and also lets you keep a tab on product thereby giving you an overview of what matters most to your business. 

• Item management
• Batch number 
• Recurring Transactions
• Pick and Pack management 
• Serial number management 
• Bin location
• Period and volume discount
• Transfers
• Bin location
• Multiple measurements
• Period and volume discount 
• Good issues  

5. Production & MRP 

The module helps in various aspects of managing production & MRP.  It also helps in bills of materials, production routing, goods issues, life cycle management, forecasts and other things. 

• Manage and plan resources capacity 
• Production Routing
• Good issues 
• Good receipts 
• Life Cycle Management 
• Item Cost calculation
• Make to order
• Order recommendations
• Production dashboards
• GL account determination 
• Forecasts   

These were a few of the ERP modules which are commonly used.  There are other modules that are equally important such as Materials Management, Sales and Distribution (SD), Human Capital Management (HCM), Production Planning and others. 

Eager to know more about the ERP modules? Meet our SAP certified experts.