What is ERP software? And what is ERP software package used for?  Enterprise resource planning systems (ERPs) are management information systems (MISs) that incorporate and mechanize many of the business practices related with the operations or production and distribution aspects of a company engaged in manufacturing products or services. ERP software package can be used for many purposes like streamlining the whole process of the company, integrating the various functions of the company. There are mainly three types of ERP software:

Manufacturing or production software you need to control the resources in order to manufacture a product. ERP manufacturing software helps in forecasting, master production scheduling, material requirements planning reports, finite scheduling, capacity planning etc. Distribution software is to deliver what has been produced. An ERP distribution software sales quotations, sales order entry, product configurations, pricing - multiple price lists, invoicing, acknowledgements, etc. Lastly is a finance software gives total control of recording and maintaining transactions, checking the financial assets of the company.

Financial ERP software maintains general ledger, accounts payable, accounts receivable, project accounting, financial report writer, etc. These three types of ERP software are the core to any ERP software. Web based ERP software you can accelerate business cycles, improve productivity and reliability, and provide higher levels of service to customers, suppliers and partners. Web based ERP software can reduce IT costs and maintenance and can be maintained by the company who developed it – online.