Smart Book (Enterprise resource planning (ERP)) is combined administration of foremost business procedures being facilitated by software and technology. It is a business management software with set of integrated applications to collect, store, manage and interpret data from many corporate activities. A systematic interpretation aids to unite segregated processes into a central data network which leads to refine accounting, business analytics, customer relationship management, human resource management, inventory management and supply chain management to cover end-to-end operational processes across the departmental spectrum.

Here are some common features of ERP software systems:

Accounting: Accounting as a most vital feature of ERP provide assistance in handling financial transactions including general ledger, accounts receivable, accounts payable and payroll functionality.

Business Analytics:Through business analytics user can process business data, analyze it and can craft an organized report to take conversant and shrewd decisions.

CRM: Customer relationship management is a feature in ERP through which an organization can track and manage its relationship with its potential customers with intent to improve relationship and business growth.

HR Management:HR Management System enables an organization to manage employee activities, their benefits, performance and training through a software which is combination of number of systems and processes to warrant the informal management of human resources, business processes and data.

Inventory Management:Inventory management provide overview about products. Up-to-date information of stock available and its supply, helps the organizations to track their performance as per market demand.

Supply Chain Management:Supply Chain Management presents refined picture of flow of products and services, which initiates from the source of products and ends at the product’s consumption. Through this feature companies can track movement and storage of raw materials that are intricated in work in progress, inventory and completely furnished goods.

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