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Just Like other segments of the industry, ERP market is also evolving rapidly. Due to the growing ERP market, all small and large scale businesses can be easily differentiated and handled. This segment is the second most important part which is seeing quick growth and rapid emergence for new players in the ERP businesses.
Generally, ERP vendors are classified in different classes such as tier 1,2 and 3 that are entirely depended on the type of clients they serve. Each business in itself is distinct hence demanded for the software products that effectively suits with their firm requirements.
ERP Features
Integration
This ERP functionality is a major part of what makes this solution different from other types of software.
Automation
When someone asks, "What does ERP do?" the answer will likely always include automation.
Data Analysis
since an ERP is already collecting and processing data from all your business functions.
Reporting
Many peope use the terms"reporting" and "analysis" synonymously when talking about ERP.
CRM
CRM software is beneficial for a couple reasons. First, a CRM is a great option for companies.
Accounting
Financial management is one of the most important functions in any business.
Tracking & Visibility
One of the greatest aspects of ERP solutions is their ability to provide comprehensive visibility.
Inventory
Called material management module, it helps you measure stock targets, standardie replenishments, and other inventory goals.
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