Modules of ERP
Finance and
Accounting
Module
Fields In Which Finance Module Is
Used
Banks
Stock Brokerages
Credit Card Companies
Currency Traders
Subsystems of Finance and
Accounts Module
Financial Accounting Module
Investment Management Module
Controlling Module
Treasury Module
Enterprise Controlling Module
Financial Accounting Module
Accounts Receivable
Accounts Payable
General Ledgers
Fixed Asset Accounting
Legal Consolidation
Accounts Receivable
Accounts receivable systems keep
records of amounts owed by customers
from
data
generated
by
customer
purchases and payments.
They produce invoices, to customers,
monthly customer statements and credit
management reports. They maintain
records on the amounts due by the
customers.
Accounts Payable
Accounts Payable system maintains
the record of payable vendor invoices
received and generates the data
necessary to make payment at the
appropriate time.
This system keeps track of data
concerning
purchase
form
and
payment to suppliers.
General Ledgers
General ledger systems consolidate
data received from accounts receivable,
accounts payable, payroll and other
accounting information systems.
.
Fixed Asset Accounting
Integration
with
plant
maintenance
for
management of machinery and equipment,
management of leased assets, assets under
construction and interactive reporting.
Integration with project management and order
accounting for management of capital assets.
Charts of depreciation, full support throughout
the asset life cycle from acquisition to
retirement
Legal Consolidation
This sub system is closely linked to the
financial accounting system, permitting
direct data transfer from individual
statements to the consolidated reports.
Thus it helps in easing the workload of the
staff and reducing data entry errors.
.
Investment Management
Module
Any business must have cash to buy raw
material, obtain the use of premises,
plant and equipment, pay salaries and
wages and meet administrative expenses.
Investment
Management
provides
extensive
support
for
investment
processes right from planning through
settlement.
Controlling Module
This system gathers the functions
needed for effective internal cost
accounting.
It provides a versatile information
system with standard reports and paths.
It can answer the questions like
i.
ii.
iii.
How are invoices sent out?
How to prevent a fraud transaction?
Are the financial matters handled promptly
Sub Systems of Controlling
Overhead Cost Controlling Module
Cost centre Accounting Module
Overhead Cost Controlling
Module
Overheads are inevitable and
transparency is often lacking in over
head cost areas.
Most of the organizations experience a
significant increase in the indirect cost
percentage.
The Overhead Cost Controlling Module
focuses on monitoring and allocation of
overheads.
Cost centre Accounting
Module
The costs can be reinforced by making
managers and workers down the line
responsible for the costs incurred within their
province.
This accountability will ensure that the
managers and supervisors will take action to
keep the costs and wastage to the minimum
level.
Each of the cost centers are analyzed to know
where exactly the overheads occur within the
organization.
Treasury Module
Cash
Management
Market Risk
Management
Treasury Module
Treasury
Management
Funds
Management
Sub systems of Treasury
Module
Cash Management Module
Treasury Management Module
Market Risk Management Module
Funds Management Module
Plant
Maintenance
Module
Functions of Plant Maintenance
Module
Routine preventive operations
Special overhaul and repair Jobs
Scheduling and follow up of operations
Predictive Maintenance
Sub systems of Plant Maintenance
Module
Plant Maintenance Module
Plant Activity/Operations
Production control Systems
System
Production control Systems
Work order Preparation
This step includes checking availability of raw material,
tools and instructions as well as preparing any documents
in the plant to carry out the operations as planned.
Order Dispatching
Includes scheduling the release of work orders to work
centers, releasing work orders, defining and revising work
order priorities, and expediting delayed orders.
Plant Activity/Operations System
Preventive Maintenance control
Lower repair costs
Avoids down time
No Breakdowns
Process variability
Component and Equipment Tracking
Acquisition and disposition information
Associations between different pieces of equipment
Running totals of operations units to date
Tracking of plant maintenance and warranty
claims
Any claims entitled
Reimbursements if any
Features to establish the type and length of warranty
Materials
Management Module
Sequence in a Material Management
Function
Purchasing
Receiving
Inspect
Raw Material Stores
Issues
Material Planning
Production Department
Finished components
stores
Customers
Distribution
Shipping
Subsystems of Materials
Management Module
Prior Purchasing Activities
Vendor Evaluation
Purchasing
Inventory Management
Material Inspection
Pre-Purchasing Activities
Complete Cycle of Bid Invitation
Award Contracts
Acceptance of services
Vendor Evaluation
Quality (40%)
Reputation and Service (35%)
Price (25%)
Calculate
Requirements
Inviting
Quotations
Quotation
Evaluation
Selection of the
Vendor
Award Contracts
Purchasing
Procurement of required quality and quantity of
goods
Procurement of materials that suits the
production
Purchasing of material in advance to meet the
needs of production department
Buying an optimum Quantity
Inventory Management System
Reflects all transaction resulting in a change in
stock
Update Inventory levels
To carry out Physical inventory
To manage stocks on value and quantity basis
plan