For accounting of profit a big enterprises or enterprise uses the billing and invoicing software. In big enterprise billing modules consist of vendors bills entries, expenses and salaries of employees. Invoicing modules are responsible for raising invoices to clients or customers. Specially developed ERP software are suitable for enterprises.
Just billing and invoicing does not fulfill the need of big enterprises. Each and every enterprise have their own software developed to fulfill their need or they out sourced the software. Such specially developed software where, their each and every demand is fulfill as per the terms and conditions furnished in agreement called as ERP (Enterprise Resource Planning).
Enterprises only use the the ERP solutions which may be inhouse or developed by others. ERP solution are very much costly than the standard product solution. Simply the basic invoicing software per year cost is INR2000 while the one module license cost of ERP is INR1000000 and implementation cost is up to INR1000000 and service cost is INR200000 per year hence in ERP for one module you need to spend minimum INR2200000 at first time. The businesses whose turn over more than 100 crore can easily afford the ERP systems cost up to 5-10 crores.
Assets & Liability management
Sales & Sales Reports
Purchase & Purchase Reports
Stock and Inventory Management with Reports of inventory
Accounting of Above 4 points to generate Balance Sheet & Profit loss Statement
Human Resource Acquisition From Application to On-boarding of candidates
Human Resources Management for all employees time tracking, salaries, benefits, approvals and leaves etc.
Customer Relationship Management
Customer Support Management
Business Planning for weekly, monthly, yearly, by-annually management
Development Process Management
It integrates all the features
Its Automate the physical system (e.g. employee attendance & inventory)
Data analysis of all the inputs receives
Report generation from the analysis of data
Tracking and Notification of cases
Reminders of task and alerts
Above points are all the key features of ERP solution, the cost of ERP with this features almost reach up to 5-7 crore and 1-2 crore per year for support. If you have requirement ERP kindly ask us so that our reps contact you to schedule meeting.