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There exist a variety of types of enterprise software depending on the core function. It may range anywhere from control over the whole specter of an organization’s resources to customer databases. Here are some of the different tasks you can enhance with the use of enterprise software solutions:

Human Resources

• HR planning – sometimes called a human resources information system (HRIS), it provides the staff in the HR department with a dashboard where they are able to schedule meetings, manage payroll and perform other tasks from one interface. Such applications often include the following points as a package.
• Hiring and recruiting – streamlines such processes as screening, selecting and interviewing applicants for a job. It goes through the submitted resumes, provides analytics and sometimes even gives orientation to new employees.
• Learning management system (LMS) – while originally made for education markets, it’s currently predominantly used on a corporate level. It covers all aspects of training, educational courses, and development programs.

Financial

• Payroll – ensures that employees receive their salary without any issues. This includes bonuses and deductions while also keeping records for taxation and other purposes.
• Budgeting – handles all aspects of the budgeting process including defining spend plans and monitoring allocated funds.
• Risk management – such tools process large amounts of data and projections in order to help make the most beneficial business decisions. They also provide a means to avoid potential risks.
• Receivables – the most common type of receivable processes are invoices but this type of software handles all types of claims for payment owed to an enterprise.

Logistics

• Supply-chain management (SCM) – the main function of SCM systems is control over the entire process of delivering goods and services. This includes all stages from the supply of raw materials, to distribution, to point of sale or consumption.
• Distribution – these applications can include SCM and inventory control software functionality along with other logistical aspects, such as order processing and CRM systems.

Manufacturing operations management (MOM)

• Project management – tools that allow project managers to control the execution of the project through all stages of its life cycle. Beyond task distribution and team organization, it includes these types of software such as the next two points.
• Time tracking – such apps monitor the time an employee spends working on each separate project and provide comprehensive reports on their productivity and areas where it can be improved.
• Document management – tracks all the necessary documentation. It provides an alternative to suboptimal paper documents simplifying storage and providing instant access to any required file.
• Knowledge management (KM) – this type of enterprise software is designed for working with information. It specializes in gathering and sharing knowledge among team members. Ranging from easily navigable repositories of content to brainstorming software, it is aimed at improving awareness and information sharing among employees.

Fast ERP is the way to integrate organisational processes and data into a single unified software system. A reliable ERP system will always have a robust hardware component, software component and a powerful process documentation component. The different types of ERP systems cover quality control, manufacturing engineering, human resources, accounts payable, and more.

According to an expert in Odoo ERP, ERP software can be classified into the following types.

• Generalist ERP: – Many cloud-fast and legacy ERP software solutions are generalists. These software solutions get adapted to diverse processes across industries. They can be customised and integrated to match the varying requirements of the industries.
• Vertical ERP: – Often, the vertical ERP vendors are the startups or the small-level companies that are trying to focus on a niche like a supermarket, construction, retail, trading, distribution, or manufacturing.
• Small business ERP: – These are the on-premise or off-the-shelf cloud ERP solutions. Instead of delivering fully-integrated systems, the small-business ERP solutions serve one or two business operations, leaving out the rest. For instance, a small business ERP features accounting and HRM function only, with a few more add-on options such as inventory, supply chain, or CRM. For this reason, these software systems are also termed as lightweight ERP solutions.
• Open source ERP: – Open-source ERP solutions are highly customisable, easily accessible, and can be used at any time and from anywhere, as per the business requirements. These are much affordable as well.
• Industry-specific ERP: – These ERP solutions are the ones that are designed particularly for one specific industry, for example manufacturing ERP that is made only to manage the processes of the manufacturing industry.
• Web-based ERP: – A web-based ERP solution is simple the software system, which is delivered over the internet. This software system is actually accessed within the web browsers. The database and web applications can be located on-premise at the business’s facility or else it can also reside in the data centre of the third party.

Apart from these, you can also find cloud-based ERP and a few more types. Now, with so many types of ERP software, you may find it a little difficult to choose the right one for your business system. Look for expert and reliable consultants like Envertis Software Solutions to pick the right one and get it integrated into your business system to ensure a streamlined workflow at the end.