What is an ERP?
ERP is a complete unified software solution for streamlining the business processes. An integration of people, process and technology contributes to a robust ERP system.
Some popular ERP modules includes:
- Inventory Management
- Production Management
- Transaction Management
- Supply Chain Management
- Finance and Accounting
ERP integrates all these modules under one software and act as as an umbrella for all the business functions.
ERP helps in real time data recording and analysis. It standardises the process of recording. In new ERPs, feature of business intelligence(BI) is introduced. With the help of BI, remote monitoring has become simple and data analytics has become possible and easy.
What is the best ERP for manufacturers and traders?
TranZact is an ERP system software which tracks each unit of your inventory, keeps your production aligned with the inventory and eliminate all your duplicate entries. With TranZact’s BI feature, the information becomes easily accessible. Its interactive dashboard gives bird eye view of the entire company in the form of attractive charts, graphs and tables.