ERP is the integrated management of core business processes, often in real-time and mediated by software and technology. ERP is usually referred to as a category of business Management software typically a suite of integrated application that an organization can use to collect, store, manage, and interpret data from these many business activities.

ERP provides an integrated and continuously updated view of core business processes using common databases maintained by a database management system. ERP systems track business resource cash, raw materials, production capacity and the status of business commitments: orders, purchase orders, and payroll. The applications that make up the system share data across various departments (manufacturing, purchasing, sales, accounting, etc.) that provide the data. ERP facilitates information flow between all business functions and manages connections to outside stakeholders.

An ERP system covers the following common functional areas. In many ERP systems these are called and grouped together as ERP modules:

• Finance & Accounting: General Ledger, Fixed Assets, payables including vouchering, matching and payment, receivables Cash Management and collections, cash management, Financial Consolidation
• Management Accounting: Budgeting, Costing, cost management, activity based costing
• Human resources: Recruiting, training, rostering, payroll, benefits, retirement and pension plans, diversity management, retirement, separation
• Manufacturing: Engineering, bill of materials, work orders, scheduling, capacity, workflow management, quality control, manufacturing process, manufacturing projects, manufacturing flow, product life cycle management
• Order Processing: Order to cash, order entry, credit checking, pricing, available to promise, inventory, shipping, sales analysis and reporting, sales commissioning.
• Supply chain management: Supply chain planning, supplier scheduling, product configurator, order to cash, purchasing, inventory, claim processing, warehousing (receiving, putaway, picking and packing).
• Project management: Project planning, resource planning, project costing, work breakdown structure, billing, time and expense, performance units, activity management
• Customer relationship management: Sales and marketing, commissions, service, customer contact, call center support — CRM systems are not always considered part of ERP systems but rather Business Support systems (BSS).
• Data services : Various “self–service” interfaces for customers, suppliers and/or employees

As Masterkey, we are specialized in many leading ERP solutions. We believe different customers’ needs and preferences are different. That’s why we offer solution based on customer needs and differences