What is ERP?

Posted by focussoftnetindia on January 22nd, 2020

The term ERP was first used in 1990 by the Gartner Group. Back then, it was referred to as systems having capabilities to help manufacturing companies better handle their material requirement planning and demand or supply related problems.

Everything you need to know about what is ERP is here.

ERP systems integrate a huge number of business processes and enable the flow of information between them. By collecting an organization’s shared value-based information from various sources, ERP applications eliminate data duplication and provide data integrity with a single source of truth.

Today, ERP systems are critical for managing thousands of businesses of all sizes and in all industries. To these organizations, ERP is as imperative as the power that keeps the lights on. An ERP software is intended to simplify information sharing, eliminate data duplication, provide data integrity, and promote informed decision making. All-in-all, it is an advanced technology-enabled system that serves each department's specific needs, while making business management a hassle-free affair.

Benefits of ERP software

1. Improved operational efficiency
2. Get better business insights
3. Reduce operational costs
4. Enhanced data security
5. Consistent user interface
6. More controlled business
7. High adoption rates

ERP is an integrated suite of applications that has the ability to deliver operational excellence and bring future business growth. The tool shares a common database for all departmental operations in an organization, covering those found in finance and accounting, sales and marketing, HR, manufacturing, distribution, inventory, customer relationship, supply chain, warehouse, and more.

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focussoftnetindia
Joined: January 16th, 2020
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