An Enterprise software or application is a business oriented tool designed to address the requirements of an organization. It is a set of programs by which the business processes for different purposes can be enhanced. Enterprise software is a computer-based software and can also be considered as Enterprise Application Software (EAS). Enterprise software is widely used in businesses to enhance the work process and develop applications unique to the organization. It customizes the processes of different businesses, educational institutions, government and non-government organizations, interest-based user groups etc.
Types of Enterprise Software That are in Trend
1. Accounting Software
Accounting software is used to deal with the different business transactions in an effective manner. It makes a business unit to record the business transactions in a systematic manner, that are made with customers, clients or other vendors. The modules like accounts payable, accounts receivable, payroll, billing, book keeping, sales order, purchase order, general ledger, trial balance are helpful to deal with the daily business activities.
Examples of accounting software: QuickBook, Microsoft Dynamics GP, SAP Business One, Microsoft Money.
2. Customer Relationship Management (CRM)
Customer relationship management is basically used to set up an interaction with the customer. It may be related to different services or sales. CRM mainly focuses on business-to-consumer (B2C), where an organization focuses on basic requirements to establish a good relationship with the customers. With the help of CRM software managing the business, improving sales and services, making new strategies to develop business, maintaining the business contacts, understanding the requirements of other party and doing interaction with clients with a motive to provide services becomes effective. By which retaining the position in the business becomes easy and the organization’s profit also get increased.
Examples of CRM software: Microsoft Dynamics CRM, Microsoft Dynamics NAV, SAP CRM, Zoho Office Suite.
3. Enterprise Resource Planning (ERP)
ERP is a business process management software that comprise of different things to deal with the business activities in an effective manner. It helps in manufacturing & sales, finance & accounting, human resources or payroll. Enterprise resource planning software enhances the productivity to receive higher profits in a business. Enterprise resource planning software works effectively to make the best use of workforce, hardware and software that are available in a business unit and turns business activities into result oriented.
Examples of ERP software: SAP ERP, Microsoft Dynamics AX, Microsoft Dynamics NAV, Oracle ERP.
4. Supply Chain Management (SCM)
Supply chain management software reduces the effort of managing inventory manually. It helps to improve business operations by automating the supply chain process. The software improvises the management activities and help in to focus on increasing the profit and productivity. The tool tracks the records of existing inventory to manage the products in a systematic way. It enables effective planning based on the demand, so that production levels can be set according to customer requirements.
Examples of SCM software: QuickBase, Fishbowl Inventory, Rubberstamp, Freightview.
5. Enterprise Asset Management (EAM)
Enterprise asset management can be used by the industries like manufacturing, healthcare, hospitality, public sector, oil and gas, etc. Basically the EAM deals with the fixed asset management, tracking of available asset, business intelligence and maintenance management. Usage of EAM software helps an organization to bring down the cost that is needed to maintain the available materials and reduce the production time of an activity. It helps to manage the available equipment very effectively and reduces the need for new technology or equipment to produce a product. EAM maximizes the performance of available machinery. It minimizes the maintenance cost of an equipment and decreases the operational cost to produce the product.
Examples of EAM software: IBM Maximo, Corrigo Enterprise CMMS, Oracle EAM.
6. Business Performance Management (BPM)
Business performance management is also known as Corporate Performance Management or Enterprise Performance Management. Usage of BPM can evaluate the performance of the business processes by which the performance of the activities can be enhanced and achieving the goals with the efficiency can done. Also the planning of expanding the business unit can be done with better decision making and forecasting. Performance of the workforce and available resources can be improvised by formulating and implementing the strategies of BPM effectively.
Examples of BPM software: SPPS , SAP Financials, Sisense, Deltek Vision.