What Is a Core System?
A central and fundamental set of software applications and technologies that support the core functions of an organization and its business critical systems is referred to as a core system. These functions can encompass a wide range of activities, including:
- Customer relationship management
- Human resources management
- Finance and accounting
- Supply chain management, etc.
Key Features of a Core System:
- Comprehensive nature ‒ It covers multiple critical areas of an organization's operations.
- Highly integrated ‒ It allows a seamless flow of information and data across various departments and functions.Â
- Great scalability and adaptability ‒ It’s capable of accommodating the evolving needs and growth of the organization.Â
- Robust security measures ‒ These measures are provided by a core system to protect sensitive data and ensure compliance with regulations.
Types of Core Systems
- Enterprise Resource Planning (ERP) Systems: From finance to human resources, manufacturing, and supply chain management, these systems integrate various business processes into a unified platform. A low-code database like Kohezion can be a great example of a system that can cover ERP capabilities.
- Customer Relationship Management (CRM) Systems: These systems don’t only store and analyze customer data, but they also track sales and marketing activities while providing insights to enhance customer engagement and satisfaction.
- Human Resources Management Systems (HRMS): The goal of HRMS systems is to automate and digitize HR processes. This includes employee onboarding, payroll management, benefits administration, performance evaluation, and talent management.Â
- Supply Chain Management (SCM) Systems: To optimize the flow of goods and services from suppliers to customers, SCM systems handle inventory management, demand forecasting, order processing, logistics, and warehouse management.
- Financial Management Systems: As their name suggests, these systems handle financial transactions, budgeting, accounting, and reporting. They provide accurate financial data and enable financial planning and analysis.
- Content Management Systems (CMS): Managing and organizing digital content (like documents, images, videos, and web pages) is the main purpose of CMS systems. They facilitate content creation, editing, publishing, and retrieval.
