Choosing ERP Modules On Open Taps

The cut-throat competition in production sector has upshot an inevitable need to opt for the advanced automation and computing tools like ERP to streamline the supply chain processes. ERP is an acronym for Enterprise Resource Planning and it helps make an effective use of the available business resources by automating and digitizing the tasks of an organization. ERP integrates some important business areas of a company such as sales, marketing, purchasing, finance, inventory and human resource.

All this is done by using a series of ERP modules where each ERP module serves a different area of the business. These ERP modules are distributed by some leading tech companies and vendors like Sap, Oracle, Fiserv, Ericsson and Microsoft. Open Taps is another such ERP vendor that offers web-based ERP modules to the backend developers, allowing them to build scalable and responsive applications. Open Taps is an open-source ERP service provider offering a series of independent ERP modules where each one handles a specific business area. So let’s talk about some of these popular ERP modules that you can get from Open Taps.

Also read Understanding The Difference Between ERP And WMS.

Customer Relationship Management (CRM)

The CRM module in ERP helps you understand the nature and habits of your customers so that you can establish healthy relations with your customers which further aids in beefing up the reputation of your company. The CRM module provided by Open Taps comes with many advanced features and enables you keep a track of the activities of your customers, their likes, dislikes, their backgrounds, history, contacts and their relations with your competitors. The CRM module collects all the relevant information about your customers which is used for future references.

Apart from that, the CRM module also facilitates the sales process as it updates the staff about the estimated costs, delivery times, shipment details and risk status.

Purchase Module

This is another crucial ERP module available on Open Taps and it is perhaps the most incumbent part an ERP system. Purchase module deals with all the tasks related to the procurement of items and raw material that are to be stored in the warehouses. It keeps updating the staff about the potential need of purchasing the required items. The purchase module maintains a tamper-proof record of the supplier/vendor listing. It helps in preparing purchase orders, tracking purchased items and creating Good Receipt Notes (GRN). It can also be integrated with the Inventory module or production module for updating stock data.

Finance and Accounting Module

This ERP module keeps a track of all the inbound and outbound transactions and account related data. It keeps minute-to-minute update of the current financial status of the company. The Finance module is mainly responsible for tasks like generating payment receipts, maintaining balance sheets, bank statements, deciding budget and tax management.

Inventory and Warehouse Module

The inventory and warehouse module helps in keeping track of the existing stock of items and procured raw materials. The use of this module makes it easy to locate the items stored in colossal warehouses which would otherwise take hours if done manually. Using warehouse module, it can be done in a matter of seconds. It also updates the staff about the existing units of a particular item and about the potential need of procuring more units.   

The other ERP modules include eCommerce, Analytics, Catalog and Party Administration. While taking an ERP solution, it’s not really necessary for a company to purchase literally all the ERP modules. In fact, the ERP modules should only be purchased as per the business requirements or it would eventually do more harm than profit.