Enterprise resource planning or ERP software is a suite of applications that manage core business processes, such as sales, purchasing, accounting, human resources, customer support, CRM, and inventory. It’s an integrated system as opposed to individual software designed for specific business processes.
Business processes like accounting, sales, marketing, production, and inventory are integrated into one ERP platform.
ERP breaks down walls between departments. Data silos are integrated, and a process superhighway links local workstations together.
ERP solutions have firewalls and restriction controls to guard against data breach. Having a single data warehouse means access points are tightly monitored, and security is concentrated.
SaaS ERP also gives you the means to increase operational flexibility. it helps you integrate existing apps to your system or export your ERP data to other business apps for a more streamlined workflow.
When processes are streamlined and key metrics are closely monitored, disruptions, delays, and breakdowns are anticipated, and their impact better managed.
Many ERP solutions feature built-in regulatory process standards and compliance reporting to help businesses meet myriad business requirements.
The term “ERP” was first used in the 1990s by the Gartner Group, but enterprise resource planning software and systems have been used in the manufacturing industry for over 100 years and continue to evolve as industry needs change and grow. The main purpose of an ERP system is to increase organizational efficiency of an organization by managing and improving how company resources are utilized. Improving and/or reducing the number of resources necessary without sacrificing quality and performance are keys to effectively improving business growth and profitability.
ERP software has the ability to collect and compare metrics across departments and provide a number of different reports based on roles or specific user preferences. The data collected makes finding and reporting on data faster and gives a complete view of business performance with complete insights on how resources are being spent.
Improve business insight :- Improve decision making with a single aggregated source of truth and real-time data
Manage Regulatory Compliance :- Manage and monitor compliance with regulatory standards, and even set up alerts for non-compliance
Mitigate and reduce risk :- Automate core business operations, manual tasks, and reporting. Reduce human errors, and free up employee time and resources
Enhance collaboration :- Break down communication barriers for efficient collaboration and coordination to improve job efficiency.
Scalability :- Consistent infrastructure for streamlined operations can grow as your business grows
Optimize customer and partner management :- service, customer relationship management, as well as partner and supplier management with insight from seamless shared information
“Improvements in the use of the ERP system are an outcome of improvements in the process.”
― Stephen Harwood.
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