What is an Add-on Module in ERP Software?
Add-on modules in ERP enhance the functionality of the core ERP system by adding ancillary components to amplify its capabilities. It commonly includes an additional set of features that are not included in the core software package.
These Add-on modules in ERP, extend to improve the ability to integrate other functions and needs of the organisation within a single platform.
Which are some common ERP add-ons?
There are a number of ERP add-ons to simplify the work of an organisation like:
Inventory control, Customer relationship management, Human resources management, Financial management, Project management, Time and attendance, Payroll, and more.
Why should you consider implementing an add-on to your ERP system?
With compliances, regulations and competition, businesses are becoming more complex to manage. Therefore, the need for a comprehensive system to manage all aspects of the company is becoming increasingly important.
This is where an Enterprise Resource Planning (ERP) system can help streamline operations and improve the efficiency of the company overall.
However, even a comprehensive ERP system may not be an exact fit for an organisation’s needs. For this reason, ERP add-on modules are beneficial. Here are the top reasons to integrate ERP into your business and consider leveraging ERP add-on modules to ensure optimum resource utilization and process streamlining for the company.
3 common add-on modules in ERP
1) Human Resources Management
The Human Resource Management module in ERP systems is designed to help organisations manage their human capital more efficiently.
This module provides a comprehensive overview of the organisation’s personnel, including data about- employee and their performance, recruitment and hiring, payroll and compensation, training and development, and other related areas.
How can the HRM module help organisations better manage employee data?
The HRM module in the ERP system offers many benefits to organisations looking to optimise their human resources. This module can provide organisations with a comprehensive view of their personnel, like:
1. Resource Planning and Utilisation-
This module utilises details like performance, skills and qualifications to provide overview on availability of resources. Companies can use this information to identify and plan their workforce shifts.
2. Streamlining the recruitment and hiring process-
This module can create a database of potential candidates, automate applicant tracking through interview scheduling and consequently, hiring and onboarding.
3. Manage employee payroll and compensation processes-
The module provides a comprehensive overview of employee wages, benefits, tracks time, attendance and more. Additionally, it can also help monitor employee performance and productivity, as well as provide reports on labour costs and other metrics.
2) After-sales Management
After-sales management is an integral part of any company. Businesses can manage customer service and support more effectively & ensure their customers are satisfied.
With an after-sales management module in their ERP software, companies can further enhance and automate the processes associated with customer service, AMC and support.
An after-sales management add-on to your ERP system enables you:
- To have an efficient ticketing system
- Keep maintenance operations more efficient
- Develop stronger relationships with customers
- Enhance the technical teams’ responsiveness
- Facilitate communication between different departments
- Make optimal use of resources
- Raise invoices timely for maintenance contracts
Furthermore, this add-on’s comprehensive analytics and reporting functions enable companies to get insights into customers’ purchases and provide improved services.
3) Asset Register Capabilities
Asset Register add-on in ERP is a tool that helps businesses to keep track of their assets. This module when integrated with an ERP system allows companies to store and manage information about their assets.
The asset management world has a famous saying, “If you can count all your assets, you always show a profit.” Yet, there are a large number of companies that do not have accurate information about the possession of their assets and their valuation.
What is an Asset Register?
All the assets of your business are listed in a detailed data asset register. There are many types of assets, including physical/fixed assets, IT assets, digital assets, and more. The report includes information about the location, condition, service cycle, and value of assets.
Maintaining an accurate asset register has the following benefits:
- Minimum downtime of machinery
- Visibility of machinery load capacity
- Tracking and identifying assets
- Locating assets accurately to prevent theft and loss
- Providing a calculation tool for depreciation
- Calculating maintenance and repair costs
To conclude, add-on modules extend the capabilities of ERP software, allowing organisations to better manage their operations with added features. Adding modules to software is a cost-effective way to extend and customise its capabilities and provide additional functionality.
By investing in these modules, organisations can save time and money while also increasing efficiency and productivity.
ERP experts at SourcePro ensure that your ERP add-ons are successfully integrated into your business. If you are looking for a reliable ERP solutions company, contact us right away!