10 Characteristics of a Good ERP System

Do you want to install great ERP system in your company which integrate your organisation's all part's processing? Then, you should learn our 10 characteristics of a good ERP System. It will help you to take a better decision.

Following are the main characteristics of ERP

1. Flexible

These days, way of doing business is changing fast due to changing in law and amendments in the standards. So, management of business process which is done through ERP should be flexible. If ERP system will be flexible, we can change processing system as per our requirement.

2. Modular and Open

One of the great characteristics of any good ERP system that it has open module architecture. It means, if there is error in any module, we can correct it by opening it instead affecting all other modules. For example, OpenERP has following module which can be open separately.

  • Sales Management
  • Purchase Management
  • Customer Relationship Management
  • Project Management
  • Warehouse Management
  • Manufacturing
  • Accounting & Finance
  • Content Management
  • E-commerce
  • Asset Management
  • Human Resource Management
  • Fleet Management
  • Event Management
  • Social Network
  • Point of Sale
  • Knowledge and Document Management
  • Calendar
  • Expense Management
  • Time Tracking
  • Employee Appraisals
  • Manufacturing Resource Planning
  • Portal
  • Employee Directory
  • Address Book
  • Recruitment Process

3. Comprehensive

ERP system should be advance and it should use comprehensive way. It means, all most all the functions of business should be done through ERP System. If we will get only small number of activities through ERP and other will be done through manual, then, this ERP system is not ok. Its capacity should to cover all the functions of business.

4. Online-Connection with Other ERP System

Today, in the market, there are lots of ERP solution but which is the best, it will tell its features? Check whether it has capacity to connect other ERP system online or not. Because, today business has started to interact with millions of other business. So, it is necessary to connect them online through our ERP.

5. Best Business Practices

Each business activities have lots of standards. For example, accounting follows IFRS, quality management follows ISO 9000 and marketing follows the standard of MASB. So, your ERP system will updated regarding all standards.

6. Multi-Facilities

A good ERP System should have multi-facilities. It means, it can work in multi-currencies, multi-mode manufacturing and multi-platform.

7.Strategic planning

Strategic Planning is the main and top function of business. It should be done through ERP. ERP should integrate all its sub-part systems for making better strategic planning.

8. Optimize the data

A good ERP system optimize the data for effective utilization of limited business resources. It also optimizes the data for reducing cost and risk.

9. Project Management 

A good ERP System collaborate the team in real time for working together on a project. Everything about the project process can be tracked through this.

10. Automatic Functions 

We can measure the quality of ERP from its advance automatic functions. With these automatic functions, organisation saves his lots of time. This automatic function may be in electronic fund transfer, electronic data interchange and eCommerce.

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Accounting Education: 10 Characteristics of a Good ERP System
10 Characteristics of a Good ERP System
Accounting Education
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