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Types of Enterprise Software Solutions

Enterprise application software, also known as enterprise software, is computer software which is used to satisfy the needs of a company. Some examples of popular enterprise application software (EAS) include automated billing systems, email marketing systems, payment processing systems, and customer relationship management software (CRM), etc. Here, we are going to take a look at the different types of enterprise software solutions that your company can take advantage of and grow.

 

Enterprise Resource Planning (ERP)

Enterprise Resource Planning software is used to carry out multiple processes that are related to supply chain management, inventory management and accounting. An ERP software provides centralized management for all of these processes, along with allowing users to share and automate data and workflows.

Because of the high level of efficiency that it provides, ERP software has always been the go-to option for enterprises that are looking for improved efficiency. ERP software is the preferred choice as compared to standalone software since it allows users to connect multiple workflows and increases the visibility and transparency in various different operations that are carried out in an organization.

Some of the most popular features of ERP software are e-commerce, financial management, supply chain management, inventory management, shipping and distribution management, and customer relationship management.

Customer Relationship Management

Customer relationship management software is one of the most efficient ways for businesses to support clients, cultivate leads and improve client retention. CRM software enables businesses to build relationships based on trust by providing customers with a user-friendly interface and quick solutions to any issues they are facing.

Furthermore, the proper use of customer relationship management software can personalize sales strategies used by businesses and make them more effective in helping generating revenue by increasing sales. The CRM software is all about creating positive customer relationships, which results in loyal customers.

Some of the most common features that are part of a customer relationship management software includes: Lead management, contact management, sales automation, database management and marketing management.

Accounting Software

As the name implies, accounting software offers a range of financial management tools for businesses of all sizes. The purpose of providing all of these financial management tools under one platform is to make it easier for companies to process transactions and store data. One of the main issues that many large organizations face when it comes to managing their finances is consolidating information from multiple different locations. Accounting software offers a way to centralize the process, which makes it easier to keep records and automate various financial processes. Most of the accounting software programs that are available today offer features such as accounts payable and receivable, general ledger, payroll, billing, and product accounting amongst others.

Enterprise Asset Management

One enterprise software solution that is not often mentioned, but is extremely useful in a business setting is enterprise asset management (EAM). EAM software allows large corporations to keep track of all of their assets. What makes EAM software an absolute must-have if you are a large enterprise that owns multiple physical assets is that it also helps manage asset lifecycles.

EAM software is designed to help increase the revenue of a business. It achieves this by maximizing the lifespan of your physical assets either by keeping track of tasks such as maintenance, including other areas of asset management.

Some of the main features that are found in an enterprise asset management software include: Materials management, Work orders, maintenance management, vehicle management, and inventory management amongst others.

Business Intelligence

Business Intelligence is used by companies to develop actionable insights more efficiently. Business Intelligence systems require large data streams from various areas such as marketing, sales and manufacturing to identify the areas that need improvement within an organization.

One of the main reasons why many organizations use Business Intelligence is because they offer personalized user dashboards, detailed reports and visualizations, which gives more detailed information. Some of the areas where Business Intelligence tools are used include, analytical processing, data visualization, documentation management and analytics.

Supply Chain Management

SCM software allows companies to track processes from the time an order is received to the time the package is delivered to its destination. With supply chain management software, businesses can keep an eye on every process throughout the supply chain lifecycle and identify and avoid bottlenecks in the supply chain.

Some of the key features of supply chain management software include monitoring, planning and analytics of an organization’s entire supply chain, along with transportation and warehousing management, order processing and management of product inventory.

Product Lifecycle Management

Product Lifecycle Management software gives you all the tools you need for enterprises to design the best quality products. A PLM offers a centralized system where all those who are involved during the product’s design lifecycle can make changes to the product design and view any updates on the product.

In this way, a product lifecycle management software ensures that all those who are involved throughout a product’s design lifecycle are on the same page when it comes to the design of the product, and to ensure that all compliance steps have been carried out to ensure the safety and reliability of the product.

Some of the features that are found in a product lifecycle management system include BOM management, portfolio management, project management, documentation management, regulatory compliance and much more.

Ending Note

As mentioned, the main advantage of using enterprise software solutions for any business regardless of its size is that it provides a centralized management system that ensures that all relevant parties are on the same page.

The high level of process or project tracking and automation that enterprise software solutions offer makes it a must-have for any enterprise that is looking to grow and scale their business by adopting the latest cutting edge technologies and enterprise management solutions.

Should you wishto grow and scale your business through enterprise software solutions, drop a Hooligan an email at info@hooligan.co.za.

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