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Enterprise resource planning (ERP) software standardizes, streamlines and integrates business processes across finance, human resources, procurement, distribution and other departments. Here's what you need to know about these key IT systems.
This ERP functionality is a major part of what makes this solution different from other types of software
When someone asks, “What does ERP do?” the answer will likely always include automation.
Since an ERP is already collecting and processing data from all your business functions, it makes sense to capitalize on that information through analysis
Many people use the terms “reporting” and “analysis” synonymously when talking about ERP. While this isn’t typically an issue, it’s still valuable to distinguish between the two.
ustomer relationship management (CRM) software is beneficial for a couple reasons. First, a CRM is a great option for companies whose customer base has become too large for spreadsheets
Financial management is one of the most important functions in any business. As such, any respectable ERP should contain strong accounting tools.
One of the greatest aspects of ERP solutions is their ability to provide comprehensive visibility. The most obvious example of this is supply chain visibility.
ERP is a powerful data management solution. It streamlines business operations by automating the bulk of data-driven processes, performing extensive data analysis and providing accurate data management, all within an intuitive, integrated framework.