ERP Software

ERP software development: How to build a custom solution

Data management and decision-making are challenging tasks requiring respective attention and responsibility. Thats why modern businesses are fast to drop outdated solutions for resource planning, sales management, marketing, personnel, and finance. More than half of enterprises consider ERP one of the priority sectors for investment. The ERP software market is growing by 10% annually, looking to exceed $90 billion in total shares by 2028. 

With up-to-date ERP solutions, organizations of different sizes across all industries get to reduce costs, validate value, improve collaboration, and streamline business efficiency. But how do we get the right product and not miscalculate its long-term benefits? In this article, DICEUS discusses in detail everything you need to know about ERP software development. 

ERP system meaning

Enterprise resource planning (ERP) defines enterprise business process management software that allows you to integrate various tasks within a single database, application, and user interface. 

It can also branch out into human resource management (HRM), customer relationship management (CRM), office suites, and other tools to provide a more consistent, automated business growth model. 

Types of ERP systems: Modules and architecture 

Enterprise software allows you to store, process, and manage large volumes of data using modules that help you optimize processes, keep your business balanced, and store all information in one structured database.

All this allows launching and managing a bunch of underlying workflows based on a range of modules, like: 

• Supply Chain Management (SCM) helps to control processes, plan the quantity of material, and calculate fees. 
• Product Lifecycle Management (PLM) is used for controlling project design and quality, costs, and optimizing the consumption of components and materials.
• Supplier Relationship Management (SRM) allows you to schedule business meetings, calculate the budget, and issue invoices. 
• Customer Relationship Management (CRM) establishes a connection between marketers and customers. 
• Human Resources - the module contains a database with all contact information about employees: salary, attendance, and employee engagement. 
• The financial module collects all financial data from other modules and departments, analyzes the information and generates reports. It is the best tool for asset management, including the control of overdue debts.