Enterprise Resource Planning (ERP) is a type of software system that helps organizations automate and manage core business processes for optimal performance. ERP software coordinates the day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. ERP modules are integrated into one complete system and share a common database to streamline processes and information across the enterprise.
ERP is critical business software that collects information from various departments in a common database, enabling leaders to monitor the pulse of a company using a single vision of reality. It unifies critical business functions like finance, manufacturing, inventory and order management, customer communication, sales and marketing, project management, and human resources. ERP systems have different modules that perform these functions.
ERP is important for businesses because it builds continuity and resiliency into their business and processes through insights that help them innovate at a rapid rate today while preparing for what’s next. ERP can cover many core functions across an organization, helping break down the barriers between the front office and back office while offering the ability to adapt the solution to new business priorities.
In summary, ERP is a software system that helps businesses manage day-to-day operations, automate processes, and integrate core business functions for optimal performance.
