what is an erp system used for

An Enterprise Resource Planning (ERP) system is a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management, and compliance, among others. It is a complete, integrated platform that can be either on-premises or in the cloud, managing all aspects of a production-based or distribution business. ERP systems support all aspects of financial management, human resources, supply chain management, and manufacturing with the core accounting function. They provide transparency into the complete business process by tracking all aspects of production, logistics, and financials, and act as a business's central hub for end-to-end workflow and data, allowing various departments to access the information they need. ERP systems are critical for businesses looking to use resources wisely, as they can help reallocate human and financial capital, build more efficient core business processes, and save money without sacrificing quality or performance