ERP Systems in business Management

To introduce the ERP Systems and the wide usage of those applications, first the meaning and the importance of the Enterprise Resource Planning is the business process management software applications that are important for the organization to use the software in order to use integrated systems for their business operations. The systems can be related to any field such as human resources, technology and services. There are different software’s or as called applications that are used generally by larger businesses and organizations that need to have a special team member that are educated well on how to use the application which will help the business to use the right data and customized data at the same time to deal with the upgrades of the software. This is for the benefit of the business or a company, because the software does create a competitive advantage with the competitors, making a company work professionally and faster with the gathered data.

Mostly in the ERP systems the software is used mainly by the organizations and companies. And the rest of the users, use systems to replace systems such as accounting software, homegrown systems or other non-ERP systems.

These systems have an important role in our lives, for fostering the work and making the workflow to get easier. This is why it has an important part for the businesses. Additionally, it is important to know about the main software and the systems, how they work and why they exist, where this answer will be clarified in details following up.

About ERP Systems
ERP systems most of the time consists of different multiple enterprises software that are purchased by the businesses, in light of what best meets the explicit needs and specialized capacities of the company itself. Each ERP module is centered around one specific department of the business forms, for example, product improvement, promoting, account, human resources and so on. Most commonly used ERP systems are those used for product planning, inventory controls, marketing finance. A business usually uses a combination of the software, because each of them are for specific field. And businesses operate in different fields. All this software’s are helping the business managers to implement them in the business activities. Oracle Netsuit explains that the central feature of all ERP systems is a shared database that supports multiple functions used by different business units. In practice, this means that employees in different divisions. The main goal of the software is collecting all the information in one place and improve the flow of data across the organization. With this reason the ERP systems became most popular when the demand by the firms were high to get the right help from the main goal of the systems. The other offers of the ERP Systems are some degrees of synchronized and automated reporting. Based on the reports the businesses will know what they lack of and will improve their mistakes the next time, it also saves time and instead of forcing employees to maintain separate databases and spreadsheets done manually, this software will do that automatically.
Some software will allow the employees to share their reports on the system directly. For instance, each department will share their report and share with the other departments and that is how the system will help the whole organization to work more efficiently.

As mentioned there are many different applications that the organizations can get the benefit from the tools in different fields. Here are the four significant varieties of the software’s that I personally think are important for the business.

Based on my area of interests on the eCommere, there is an application for the eCommerce of ERP5 eCommerce Application that helps the online seller to collect their data about their eCommerce, providing a solution which can be integrated with Customer Relation Management (CRM), inventory management, content management, purchase, logistic, accounting and social networks. Since the eCommerce is an emerging trend, many SME’s can get the benefit of the application to integrate this to their business.

ERP5 Accounting Application is the other application that will save companies a lot of money because of the right accounting calculations that the software provides. Thanks to its flexible architecture, it is suitable for any size multinational organizations, small or large, in both private or public sector. I personally had a chance to work with an accounting software for a short period while I was working in Accounting office of AIU. This software is so expensive but definitely save a lot of time and money too.

ERP5 Project Application as clarified is a proved project management system. When creating a new project obviously we know about the steps that the project has and based on the steps the process is done. This application most probably is great for the teams to follow up about the process of the project how it goes and what they have to do to finish it. I have been using similar project management applications before, they are simply lifesaving applications.

The last ERP5 open source project that I am interested in is the ERP5 HR application. The Human Resources application exists for the position lifecycle, job announcement, recruitment opportunity, training plans etc. It is useful for large organizations or for organizations wishing to automate their HR processes beyond the features provided in erp5_base. With this application it is easier to control the process and go beyond.
These four applications are really important, not only them but mainly the project management application to control the daily weekly and monthly tasks and get the automated reports. The reports are way important as well to see how the companies are doing.

Conclusion
To conclude I think that the ERP systems will be replaced by the blockchain technology for sure. As they already started to be replaced in many different fields. Because this technology is immutable and very safe to collect data. Since the era that we are living is important with data gathering, the best place to store the data is the technology of the blockchain and the blocks of the technology. Each company will have a chance to hire some blockchain experts which will write the lines of codes to them for creating a customized application that will save the data of the company to the blockchain technology. One of the fields that the blockchain is used is in the hospitals more precisely in healthcare, which are storing the data into blockchain. There will be numerous applications doing the same work as the ERP systems are doing, but in a better way.