Inventory Management – Using the inventory management module, businesses can monitor materials and supplies through inventory control, purchase orders, automatic ordering and inventory scanning.

Supply Chain – The supply chain module tracks products from manufacturing to warehouse to distributors to customers. Features include supplier scheduling, purchasing, inventory, claim processing, shipping, tracking and product returns. Users can also manage marketing tasks, including advertising and lead generation campaigns.

Employees can track sales prospects and customer pipelines. Companies use ERP software to standardize business processes, collect operational data, improve supply-chain efficiency, promote data-driven strategies and increase collaboration between departments.ĮRP systems are comprehensive solutions that typically include the following modules:Īccounting and Finance – The accounting and finance module tracks the company’s finances, including budget and expense planning, core accounting, revenue management and tax management.Ĭustomer Relationship Management (CRM) – With the CRM module, businesses can manage their client-facing operations, such as sales, marketing and customer service. We’ve put together this detailed guide on the various ERP pricing models, implementation costs and examples of popular ERP vendor pricing.Īn ERP software (short for Enterprise Resource Planning) helps organizations manage business functions and streamline operations with a centralized database and a user-friendly interface. Some vendors publicly display pricing on their website, especially for cloud ERP solutions, while others only provide a quote after finding out a company’s business requirements. For any business investing in an enterprise resource planning (ERP) system, pricing is an important factor.ĮRP software isn’t cheap, and prices vary depending on the type of deployment, number of users and level of customizations.

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