Glossary

HRMS

Employee Records Management
  • Centralized Organization Database
  • Location Management (Multiple Offices/Branches)
  • Centralized Employee Database
  • Employee Profiles and Records
  • Department and Team Structures
  • Policy Integration
  • Data Analytics of On-role, Off role, Contractual Employees
Employee Self-Service (ESS)
  • Leave and Attendance Requests
  • Self & Team Attendance viewing
  • Employee Directory
  • Holiday Calendar
  • Mobile App Accessibility
Recruitment & Onboarding
  • Job Posting and Application Tracking System
  • Resume Parsing and Screening
  • Interview Scheduling and Tracking
  • Offer Letter Generation
  • Employee Onboarding Workflow
Analytics and Reporting
  • Workforce Analytics and Dashboards
  • Diversity and Inclusion Metrics
  • Predictive HR Analytics
Time, Attendance, Shift & ROTA, Leave, Overtime
  • Face Recognition with Geo-Tracking Integration Attendance Regularization with approval workflow
  • Shift Scheduling and Roster Management
  • Shift Rules & Allocation
  • Apply Automation
  • Leave Management (Vacation, Sick Days, etc.)
  • Overtime Tracking
  • Attendance Analytics and Reporting
  • Bulk Import & Export of Data
Compliance and Risk Management
  • Compliance with Local Labor Laws
  • Audit Trails for Transactions
  • Risk Assessment Tools
  • GDPR/CCPA Compliance Modules
Payroll Management
  • Salary Calculation and Processing
  • Tax Compliance (e.g., TDS, PF, ESI)
  • Benefits and Allowance Management
  • Direct Deposit and Pay Stub Generation
  • Overtime and Deductions Tracking
Automation and Workflow Management
  • Customizable HR Workflows
  • Notification and Alert Systems
  • Task and Approval Automation
Performance Management
  • Goal Setting and KPI Tracking
  • Performance Reviews and Appraisals
  • 360-Degree Feedback
  • Skill and Competency Assessments
  • Employee Recognition and Rewards
Integration Capabilities
  • API Support for Third-Party Applications
  • Integration with Accounting and ERP Systems
  • Job Portal Integration
Learning Management
  • Course Catalog and Enrollment
  • Certification Tracking
  • E-learning Module Support
  • Individual & Bulk Assigning
Security and Access Control
  • Role-Based Access Control (RBAC)
  • Data Encryption (In Transit and At Rest)
  • Multi-Factor Authentication (MFA)
  • Secure Cloud Hosting
Travel & Expense Management
  • Expense Submission and Tracking
  • Categorization of Expenses (Meals, Transport, Lodging, etc.)
  • Customizable Expense Policies
  • Configurable Approval Workflows
  • Tax and Regulatory Compliance
Scalability and Customization
  • Modular Architecture for Easy Scaling
  • Customizable Fields and Reports
  • Multi-Language and Multi-Currency Support
Mobile and Remote Accessibility
  • Mobile App for iOS and Android
  • Geo-Fencing for Field & Remote Workforce Tracking
  • Offline Access for Attendance

Supply Chain

Demand Forecasting & Planning
  • Accurate forecasting models
  • Real-time updates with data from ERP, CRM, and POS systems
  • Analysis of seasonality, trends, promotions, and events
  • Scenario planning and demand segmentation by product or location
Transportation & Logistics
  • Route Optimization
  • Fleet Management
  • Shipment Tracking
  • Carrier Management
  • Freight and Cost Management
Capacity Planning
  • Track resource usage and demand vs. capacity.
  • Simulate scenarios and balance workloads.
  • Forecast future capacity needs.
Return
  • Return Request Management
  • Return Approval Workflow
  • Return Shipping Labels
  • Return Tracking
  • Restocking and Inventory Updates
  • Return Policy Enforcement:
  • Automated Refunds/Exchanges
  • Quality Inspection
Supplier Selection
  • Supplier Database
  • Criteria-Based Evaluation
  • Performance Tracking
Analytics & Reporting
  • Real-Time Dashboards
  • Supply Chain Visibility
  • Custom Reports
  • Custom Reports
  • Predictive Analytics
Supplier Relationship Management
  • Supplier Profiles
  • Performance Tracking
  • Collaboration Tools
  • Contract Management
Workflow Automation
  • Automated Order Fulfillment
  • Replenishment Alerts
  • Supplier Communication
  • Custom Approval Workflows
Inventory Management
  • Inventory Tracking
  • Inventory Optimization
  • Barcode/QR Code Scanning
  • Stock Alerts
  • Multi-Warehouse Support
  • SKU Management
Security & Compliance
  • Data Encryption
  • Role-Based Access
  • Regulatory Compliance
Order Management
  • Order Processing
  • Real-Time Updates
  • Multi-Channel Support
  • Customizable Workflows
  • Payment Integration
  • Inventory Integration
  • Shipping & Fulfillment
Usability & Scalability
  • User-Friendly Interface
  • Mobile access
  • Integrations
Procurement
  • Vendor Management
  • Purchase Requisition
  • Purchase Order Management
  • Contract Management
  • Budget Tracking
  • Workflow Automation
Warehouse Management
  • Inventory Tracking
  • Receiving and Put away
  • Order Fulfillment
  • Cycle Counting
  • Returns Management
  • Warehouse Optimization
  • Multi-Warehouse Management

Financial Management

General Ledger
  • Centralized Organization Database
  • Recurring Transactions
  • Accounts Charts
  • Year ending Accounts
  • Random Financial statements
  • Unique Ledgers
Standard Mechanics
  • Accounts Aging Report
  • Ageing Reports of Creditors & Debtors
  • Trial Balance
  • Account Statement (Ledger)
  • Configurable Cost Centers
  • Access based Credit Limit Approval
  • Configurable Multi Level Approval Flows
  • Ecommerce and Platform Integration
  • Bank Integration
  • Bank Reconciliation
  • Balance Confirmation
  • Financial Transaction Integration
Accounts Payable
  • Master File of Vendors
  • Purchasing Controls
  • Analysis of Accounts Payable
  • Automated Payments
  • Currency conversational values
  • Tax Forms
Accounts Receivable
  • Invoice notes
  • Purchase orders
  • Credit memos
Banking Management
  • Automatic and Manual Bank Transaction Management
  • Bank Reconciliation
  • Summary Report
  • Bank Rules to Automatically Categorize Transactions
  • Bulk Reconciliation of All Transactions
Budget Management
  • Budgetary Control Framework
  • Budget Creation
  • Budget vs. Actuals Report
  • Rolling Forecast
  • Scenario Modeling
Estimate and Invoice Management
  • Accounts Aging Report
  • Automated Payment Reminders
  • Convert Estimates into Invoices
  • Credit Notes
  • Customer Portal for Downloading Invoices and Making Payments
  • Estimate Creation
  • Estimate Tracking
  • Invoice Creation
  • Invoice Reporting
  • Partial Invoice Payments
  • Point-of-Sale (POS) Sync
  • Recurring Invoices
  • Retainers
  • Sharing Invoices
  • Various Payment Modes (i.e., cash, check, cards, ACH and more)

Processes

Provisioning of equipment
  • Inventory Management to Track available equipment, usage history, and stock levels
  • Procurement Integration
  • Asset Tracking
  • Budgeting & Cost Management
Equipment Maintenance System
  • Preventive Maintenance Scheduling
  • Work Order Management
  • Equipment History & Diagnostics
  • Supplier & Technician Management
Business Process Re-engineering
  • Process Mapping
  • Gap Analysis
  • Collaboration Tools
  • Workflow Automation
  • Performance Metrics
  • Change Management
Reparable system
  • Damage & Failure Reporting
  • Repair Tracking
  • Parts Inventory Management
  • Repair History
  • Warranty Management
  • Vendor Management
Survey of Stores
  • Inventory Audits
  • Stock Visibility
  • Stock Movement Tracking
  • Barcode/RFID Scanning
  • Shelf Life & Expiry Tracking
  • Report Generation
RFP & Tendering
  • RFP Creation
  • Supplier Portal
  • Bid Management
  • Vendor Comparison
  • Approval Workflow
  • Contract Management
  • Document Management
Audits
  • Audit Planning
  • Audit Trails
  • Compliance Tracking
  • Checklists & Templates
  • Automated Reporting
  • Issue Tracking & Resolution
  • Access Control

Add-ons

Project Mgmt
  • Project Planning & Scheduling
  • Task & Milestone Tracking
  • Resource Allocation
  • Budgeting & Cost Tracking
  • Time Tracking
  • Project Reporting
Documents Mgmt
  • Document Storage
  • Version Control
  • Access Control
  • Document Collaboration
  • Search & Retrieval
  • Document Sharing
  • Audit Trail
Master Mgmt
  • Organization masters creation
  • Employee masters creation
  • Centralized Data Repository
  • Centralized Governance
Workflow Mgmt
  • Process Mapping
  • Task Automation
  • Approval Workflows
  • Notifications & Alerts
  • Role-Based Workflow Routing
  • Performance Tracking
User Access Mgmt & Interface
  • Role-Based Access Control (RBAC)
  • User Permissions
  • Audit Logs
Ticketing and Helpdesk Management
  • Ticket Creation & Assignment
  • Ticket Status Tracking
  • Priority Levels
  • SLAs (Service Level Agreements)
  • Ticket Escalation
  • Customer Communication
  • Reporting & Analytics

Frequently Asked Questions

ERP software is a business management solution that connects your finance, HR, inventory, sales, operations, and other processes into one system. Businesses need ERP to improve accuracy, reduce manual work, and get real-time visibility for faster decision-making.

The best ERP software company is one that understands your industry, offers customizable modules, provides reliable support, and ensures smooth implementation. Presence 360 is trusted because it delivers simple, fast, and scalable ERP solutions tailored to real business needs.

Choose an ERP based on:
  • Your industry requirements
  • Customization needs
  • Scalability
  • Ease of use
  • Support quality
  • Integration capability
  • Total ownership cost
A demo and consultation can help you decide faster.

ERP pricing varies based on the number of users, modules needed, implementation time, and support level. Small businesses may start with essential modules, while growing companies choose advanced workflows and automation.

ERP implementation usually takes 1-12 weeks, depending on business size, data migration, customization, and process complexity. A well-planned onboarding ensures faster go-live.

Common ERP modules include:
  • Finance & Accounting
  • HR & Payroll
  • Inventory & Warehouse
  • Sales & Purchase
  • Production/Manufacturing
  • Supply Chain & Logistics
  • CRM
  • Project Management
Presence 360 can customize modules as per your process flow.

Yes. Modern ERP systems like Presence 360 offer full customization so you can match workflows, roles, approvals, reports, and dashboards to your business.

Absolutely. SMBs gain the most value because ERP reduces manual work, avoids errors, improves productivity, and supports growth with fewer resources.

ERP systems use role-based access, encryption, activity logs, and secure data management to protect your business information. Regular updates and backups keep your data safe.

Yes. A good ERP software company provides API-based integrations for CRM, payment gateways, accounting tools, HR systems, and more.

Yes. Presence 360 provides end-to-end support, including training, onboarding, updates, and ongoing assistance to ensure smooth daily operations.

ERP gives real-time visibility into your business - sales, inventory, finance, HR, and operations. This helps you make faster, data-driven decisions with accurate reports and dashboards.

Industries that commonly use ERP include:
  • Manufacturing
  • Trading & Distribution
  • Retail
  • Services
  • Logistics
  • Construction
  • Healthcare
  • Education
Presence 360 adapts easily across industries.

Accounting software manages only financial entries. ERP manages every business process - finance, HR, inventory, sales, production, and more - giving a complete view of operations.

Yes, if you want to remove data duplication, manual entries, errors, and disconnected systems. ERP brings everything into one place for smoother, faster operations.

Still Have Questions?

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