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What are ERP Modules?
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An ERP system automates business processes and serves as a shared database for cross-organizational financial and operational information. The ERP solution pulls this data from a number of system modules catered to the individual functions of various departments. Common ERP modules support back- and front-end functions like finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management (CRM), procurement and workforce management. More functionally-rich solutions may also include professional services automation (service resource management), human resources management, ecommerce and marketing automation. With this modular design, an ERP solution is able to meet the shifting needs of the company, starting with the most relevant modules for the business and adding more modules to address new business needs. Each module plugs into the ERP system, so the solution provides a single source of data, even as the business continues to grow and adds new modules.
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