Enterprise Resource Planning

What Is Enterprise Resource Planning Software?

Enterprise resource planning (ERP) software isn’t just for multinational corporations anymore. Any company that finds themselves integrating several software products to manage financial, HR, sales, marketing, manufacturing, or supply chain operations should consider the benefits of consolidating their tools into a single ERP system. In the information age that we live in, data has become the most valuable thing to possess. And more so in the world of business where it travels at the speed of light. Just a few years ago big businesses (and small businesses even now) had a separate bookkeeping data entry department for handling data manually. But, due to the exponential increase in the quantity of data and rapid increase in human error in data entry, a more reliable tool was needed to manage data. As a result, ERP was born. An ERP can be the most viable solution of all.

Enterprise Resource Planning (ERP) software is a software platform that combines several business-critical software types in a single interface. ERP software often includes customer relationship management, accounting, core HR, and supply chain management features, but companies may also find custom module combinations to fit their needs.

An ERP system can be executed as an On-Cloud or On-Premise module. Cloud ERP expands the benefits of ERP solution to the other areas such as cost saving on human resources and infrastructure setup within an enterprise. Based on best practices of erp software the evolution from a legacy system to a new system is quite prominent given the size, applications, management, features and information processes. Many industries are now enjoying manufacturing and supply chain features and applications like real-time processes to information and tracking regardless of the size of the organization. Automation module and features, sales and marketing management, supply chain management, for enterprise.