Financial management software does a lot for businesses. Many of these platforms function as an overall, comprehensive set of resources for figuring out enterprise finances on both a short-term and long-term basis. But there are also specific key things that businesses want out of these software tools.
Michael Shearer7 Critical Functions of ERP Financial Management Software Modules
With ERP software, as with any kind of software product, there are big questions about how to source software platforms, and how to compare vendor options and other choices.
One evident competition is between specifically licensed ERP products and the collection of options known as ‘open source’ ERP software — ERP platforms that are not built for profit by a particular firm, but maintained with open source licensing, often by communities of users.
Michael ShearerPros and Cons of Open Source ERP Software
In the distribution industry, which essentially serves other types of companies, enterprise resource planning or ERP software can have a major effect on many different aspects of the strategies used to serve client businesses.
SelectHubUnique Industry Segments for Distribution ERP
Just like many types of production businesses, service businesses can also use Enterprise Resource Planning or ERP software to help manage business processes and provide their services to customers. However, ERP works in a fundamentally different way for service companies — because there’s no product distribution, and a focus on assistance with some need rather than the shipping of products, services ERP has a different focus, and a different set of goals. In addition, the design of ERP for each segment will also differ significantly.
Enterprise Resource Planning software can provide specific applications for many different types of manufacturing businesses. Manufacturing is not a monolithic field — it consists of a whole multitude of different types of production businesses that all function in their own separate ways. Here are some of the specific categories of manufacturing that benefit from the use of ERP tools and resources.
SelectHubUnique Industries Served by Manufacturing ERP Solutions
Enterprise Resource Planning software offers a range of solutions for retail, including point-of-sale or POS software, and other aspects of product handling and sales support software for businesses. Here are some of the specific types of retail sectors where ERP lends a helping hand.
SelectHubERP Retail Software Changes The Game for These Industries
The worldwide market for manufacturing Enterprise Resource Planning (ERP) software is valued at $7.3B in 2016, growing to $7.9B in 2018, attaining a compound annual growth rate of 2.5%. Cloud-based ERP systems are the fastest growing segment, projected to reach a 5.5% growth rate per year through 2018 according to International Data Corporation.
Louis ColumbusHow to Compare Manufacturing ERP Software
The worldwide market for Distribution Enterprise Resource Planning (ERP) software is valued at $2.&B in 2016, growing to $3.4B in 2018, attaining a compound annual growth rate of 4.55% according to International Data Corporation (source).
Louis ColumbusHow to Compare Distribution ERP Software
Distribution support is a core type of ERP functionality for many businesses. Any time a company has the burden of getting products out to a customer base, distribution software tools will become critical for handling the business in a modern, sophisticated way. Here are some of the features that distribution software packages bring to a business.
SelectHubKey Features of Distribution ERP Software
Even companies that are preparing to implement supply chain management (SCM) software solutions for the first time may be a little curious about exactly how these types of software tools help business operations. However, CIOs and the others in leadership often understand the rush toward SCM and other types of enterprise planning tools. Global supply chain management is often a key part of innovating for the modern business world.
SelectHub5 Core Benefits to Supply Chain Management Software