Modern ERP system must meet the following conditions.
1.Cloud System
Cloud computing is shared pools of configurable computer system resources and higher-level services that can be rapidly provisioned with minimal management effort, often over the Internet.
2.Web-based System
Web-based means it works right in your web browser. You don't have to download, install, or update anything. No IT experts required.
3.Open Device System
The Open Device System uses a universal device that is not tied to any specific hardware. You need to be able to use a device that can be easily purchased on the market.
4.Modular System
Modular design is a design approach that subdivides a system into smaller parts called modules or skids, that can be independently created and then used in different systems. If you need more specialized programs, You can add modules you want.
5.No Experts & Education Needed
Modern ERP is not required for professional employment and operational training due to accurate business analysis and business process.
6.Data Synchronization & Integration System
Data Synchronization & Integration System is a process of establishing consistency among systems and subsequent continuous updates to maintain consistency. It is really a process which needs to be planned, owned, managed, scheduled and controlled.
7.Real-time Financial Statement Output
Companies need a lot of information, such as sales reports and inventory status. The most important report is the financial statements (B / S, P / L) reported in real time. Modern ERP systems output financial statements in real time.