finance module in erp

Implementing Financial Discipline with ERP | ERP Finance

Implementing Financial Discipline with ERP | ERP Finance
Implementing Financial Discipline with ERP | ERP Finance Cash flow is considered to be the lifeblood of a business. Steady cash flow and healthy working capital are essential for manufacturing SMEs, not only to survive but also grow their business. Organizations must manage finances effectively in order to achieve this. Implementing financial discipline, right from the beginning, is crucial to ensure sound financial management within an organization. Let us now understand, what exactly is Financial Discipline? and How manufacturing SMEs can implement Financial Discipline with ERP Software. W...
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ERP modules types and functions

ERP modules: ERP can make a business more efficient than ever and also it can create an IT infrastructure for the business. ERP can take care of a lot of work for each section in a business. The structure of ERP for different departments is called modules of ERP or ERP modules. Different types of Manufacturing ERP modules are:- (1.) Material Management module (MM module) (2.) Finance and Accounting module (3.) Sales and Distribution module (4.) Production module (5.) Project Management (6.) HR and Payroll (7.) Plant maintenance     Functions of ERP module...
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