ERP Software Solutions
ERP stands for Enterprise Resource Planning and refers to software and systems used to plan and manage all the core supply chain, manufacturing, services, financial and other processes of an organization. Enterprise Resource Planning software can be used to automate and simplify individual activities across a business or organization, such as accounting and procurement, project management, customer relationship management, risk management, compliance and supply chain operations.
Individual ERP applications can offer software as a service (SaaS), while a complete suite of ERP applications forms an ERP system that can be used to effectively communicate and bring together business processes to enable a flow of data between the applications, typically through common databases either on-site/on-premise or in the cloud.
ERPs connect every aspect of an enterprise. An ERP software system allows for better performance and project management that helps plan, budget, predict and accurately report on an organization’s financial health and processes.
Benefits of using ERP
- Competitive Advantage
- Improved Process Efficiency
- Accurate Forecasting
- Department Collaboration
- Scalable Resource
- Integrated Information
- Cost Savings
- Streamlined Processes
- Customized Reporting
- Increased Productivity
- Flexible Systems
- Data Reliability
How ERP works
Two characteristics distinguish ERP software from collections of more narrowly focused business software, which vendors and industry analysts often refer to as best-of-breed.
The first is the integration between modules that enables them and their users to interact. For example, a sales order created in the CRM module will be shared with the production module, so the manufacturing department will have the information about what product to make. When the product is shipped, data in the inventory management module changes, and when the customer pays, the accounting module records the revenue.
The other distinguishing feature of ERP software is a central database in which modules record transactions and other information, access that data and share it. Having what the ERP industry calls a "single source of truth" saves users from having to enter information more than once. This in turn improves data accuracy, facilitates reporting and enables collaboration between departments.
Key features of ERP systems
Four ERP concepts differentiate the software from most other types of business applications:
comprehensive integrated business processes
consistent look and feel across applications