Top 7 ERP Components to Have in 2025

Business owners who need to manage large, complex, or expanding enterprises often face the challenge of coordinating all their business processes, including pricing, inventory, supply chain, procurement, and more. 

However, Enterprise Resource Planning can help them manage all these processes, but there’s no one-size-fits-all ERP software as business needs vary from one company to another. 

Fortunately, ERP systems come with different components or modules to manage different processes, with some being more critical than others. 

In this article, we will examine some of the top ERP components that can help a business run smoothly.

 

1. Finance and Accounting 

The finance and accounting module is one of, if not the most important, ERP components because it provides insights into a business's financial performance and future outlook. 

Some of the features you can expect in this type of module include ways to track and store critical financial documents such as balance sheets, tax statements, payment receipts, accounts payable, and accounts receivable. 

With a finance and accounting module, businesses can automate financial processes that would have otherwise taken a significant amount of time, reduce the risk of errors, and improve the accuracy and timely delivery of financial reports. 

They can also acquire real-time data on financial performance, which will help in decision-making and strategic planning.

 

2. Store and Warehouse Management

Setting up new branches, along with all of the corresponding coordination with existing locations, warehouses, and distribution centres can be a daunting task. 

Implementing an ERP system with a warehouse management component can greatly simplify the process of setting up new branches and coordinating with existing locations and warehouses. This system can assist with branch setup, stock and personnel transfers, and other functions.

Effective warehouse management is crucial for optimising the efficiency of your warehouse or distribution team. A software module designed for this purpose can monitor and guide the activities of warehouse personnel to ensure that they are completing tasks efficiently and effectively. This can directly improve cost efficiency and reduce expenses related to expansion.

 

3. Purchasing

A purchasing module also known as procurement module can help an organisation manage and acquire materials or goods it needs to sell products. 

Through this module, a company can link items to specific vendors and automate requests for quotes. it can also track and analyse incoming quotes and send out purchase orders upon acceptance of a quote. 

Furthermore, it can track purchase orders when sellers ship the goods, updating inventory levels automatically upon arrival. 

 

4. Order Fulfilment

Order fulfilment is arguably the heart and soul of any business endeavour, the portion of business operation that really creates the customer experience and brings in the profits. Hence, a company would certainly benefit from an ERP system component that makes order fulfilment as smooth as possible for both the business and the buyer.

Some of the tasks that an Order Fulfilment component can help with include feeding orders to the warehouse or retail store and tracking their status as they are sent to the customer. In addition, they can also help prevent orders from being lost while reducing late deliveries - both of which are essential to keeping customers happy. 

 

5. Business Intelligence

An important aspect of your ERP system would be business intelligence. Business intelligence allows you to better understand how your company is performing, identify underperforming departments and track key performance indicators (KPIs). 

What is business intelligence? Business intelligence consists of technology that extracts, analyses and interprets organisational data via systems and databases. 

Through business intelligence, decision makers would be able to gain valuable insights and at the same time make more informed decisions using real-world data with the help of data visualisation. 

 

6. Customer Relationship Management (CRM) 

While a CRM component may not be applicable for all businesses, businesses that work with long-term or high ticket customers may consider adding a CRM component to their ERP system.

CRM systems are essential since these systems provide essential features such as important customer information, sales figures, customer lifecycle etc. Integrating your CRM into your ERP software allows you to gain a more comprehensive view of your customers, improve sales forecasting and sales pipeline management, streamline internal processes by sharing customer information with relevant departments and automate order management and fulfillments. 

 

7. Human Resources (HR)

Regardless of your industry, human resources play a critical role in all organisations. But how can your HR department benefit from your ERP system? As human resources can require tedious administrative work, an HR system allows your staff to automate many of their processes. With a HR system, the time taken to perform administrative tasks within your HR department, such as employee data management, tracking leave benefits and managing payroll can be significantly reduced, allowing your business to save time and reduce labour costs. Not only does automation save time, human errors can also be reduced, improving the accuracy of your data leading to more effective management. 

The data extracted from your HR system can also be used to allow HR managers and directors a better understanding of the performance of each employee, the effectiveness of your organisation’s hiring process and effective employee retention methods. 

 

Are you in the midst of Finding a Suitable ERP System? 

While many ERP systems exist on the market, it’s best to carefully evaluate each to determine the best fit for your business. If you’d like to read about how an ERP system can improve cost efficiency and profitability, especially for retail businesses, check out our business insights. To learn more about how Eurostop can help your business reach out to our experts today!

Besides our enterprise resource management solutions, Eurostop also provides a connected omnichannel system to help you manage sales both in-store and online. EPOS systems are also available that enable your staff to check live product information and enhance customers’ in-store experience. A mobile device version of this system is also available for even greater convenience and efficiency.