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ERP modules that drive your business

How can I boost my business growth? It is what every entrepreneur wants to achieve. Management software is an ideal tool to achieve this goal; we talk about it often. However, to prepare a better strategy, you must know about the ERP modules.

These are different functions that can be integrated into a management system to meet specific needs.

The solution is not to acquire an all-inclusive ERP. Instead, you must analyze your business and determine what it takes to keep moving forward.

There are different integrations of this type. So next, in Anchor Group we will show you the most important that a company should have.

ERP Modules to Manage Finances Control

Finance is one of the most delicate and vital points to handle in a company.

One of the ways to increase labor productivity is by having good management in this area.

Therefore, among the different ERP modules that your management system must include, this is one. This is because it allows better results through:

Calculation of operations

Keep an accurate, detailed, and error-free record of all company operations, such as sales, expenses, and investments.

Thanks to this, it is no longer necessary to use old manual registration methods. The software will do it for you automatically.

Control of debts and accounts receivable

Finance ERP modules help keep track of debts and accounts receivable. So, you will not forget those little details.

In this way, you will be aware of what you have pending to cancel your provider. That said, you will maintain a good image as a responsible organization and build trust.

In addition, you will not forget those accounts receivable from your clients. As a result, you will not have errors regarding the total sales for missing money.

Report generation

The reports are directly related to the winning strategies. This tool in a management system elaborates them automatically.

As a result, you will have a complete vision of what is happening in the company. That is its financial strengths and those that must be changed to improve. 

With Anchor Group, you can achieve these results through Oracle NetSuite ERP.

Inventory control through ERP modules

ERP modules for Inventory Management are the best way to increase customer satisfaction.

A company must know the availability of its products at all times and in all places. But how does this module help me in this regard?

Inventory replenishment

Imagine that one or more items are sold in your company. By generating high demand and being a reliable source of income, you don’t want to disappoint your customers if they sell out inadvertently.

A management system that has this control tool constantly monitors the availability of products in your company.

In this way, you will know when it is time to carry out an inventory replenishment. As a result, you will have what customers are looking for every time they need it.

Inventory control

In addition to alerting, you when you need to refill, these ERP modules track items across all locations. This is in order to manage the life cycle and control costs.

But this is not all, since it allows to facilitate processes by:

  • Manage similar items in sizes and colors for sale
  • Assign costs according to their value, weight, or quantity
  • Track purchase through serial numbers assigned to products
  • Show the exact location and amount of them in real-time
  • NetSuite Advanced Inventory is the ideal tool for this type of work. In this way, you will be able to make your customers happy by giving them what they need.

Also Read: Cutting-Edge Technology of Patek Philippe

ERP modules for budget control

At Anchor Group, we can help you obtain this type of ERP modules, since they are a vital part of a company.

Anchor Group will allow you to keep an optimal control of the budget, and thus carry out your strategies effectively.

Additionally, NetSuite Planning and Budgeting is an effective tool for these processes, as well as developing action plans and forecasting.

By having both you can:

  • Control expenses so as not to exceed the funds allocated to invest
  • Manage budget in different currencies for exact calculations
  • Forecast expenses to be prepared for fluctuating cost changes.

Compliance with tax regulations 

A company must comply with the tax regulations of its country in order to accelerate its growth. But how can I do this? Luckily, there are ERP modules built to work in this area.

Anchor Group will help you to be at the forefront, and have everything in order before the tax authorities of the country where you are.

Through this software you will be able to:

  • Optimally carry out tax control
  • Generate electronic billing files
  • Integrate your organization into tax operations
  • Have the import requirements
  • By knowing the legal procedures of your country, your company will work in harmony with the entities in charge and thus, boost its growth.

ERP modules for non-profit and non-governmental organizations

We normally associate ERP modules with companies that sell products or services.

However, there are also non-profit and non-governmental ones, whose purpose is to benefit society without expecting to be paid.

However, although their purposes are different, they also need the help of the best tools to carry them out.

Having budgets, working with subsidiaries, managing staff and interacting with thousands of people around the world must execute everything with precision.

NetSuite OneWorld is the ideal software for these types of organizations. Its functions allow:

  • Keep track of funds by taxpayers
  • Plan the best way to invest
  • Work with more than 190 countries
  • Have a 360 ° view of the organization
  • Generate automatic reports

At Anchor Group, you can get the ERP modules you need in your company to satisfy your needs. So don’t wait any longer and increase labor productivity to advance to the next level.

IITSWEB
IITSWEBhttps://iitsweb.com
IITSWEB is the Chief Business Development Officer at IITSWEB, a Magento design and development company headquartered in Redwood City, California. He is a Member of the Magento Association and an Adobe Sales Accredited Magento Commerce professional. Jan is responsible for developing and leading the sales and digital marketing strategies of the company. He is passionate about ecommerce and Magento in particular — throughout the years his articles have been featured on Retail Dive, Hacker Noon, Chief Marketer, Mobile Marketer, TMCnet, and many others.
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