what erp

ERP stands for Enterprise Resource Planning, which is a type of software system that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. ERP software integrates all the essential business processes of an organization, supporting automation and processes in finance, human resources, manufacturing, supply chain, services, procurement, and others. It is a platform that companies use to manage and integrate the essential parts of their businesses. ERP systems unify critical business functions like finance, manufacturing, inventory and order management, customer communication, sales and marketing, project management, and human resources. ERP software improves communication and collaboration as well because workers can check on the status of other departments to guide their own decisions. ERP enables companies to identify areas of the business with room for improvement or opportunities for expansion.