What is ERP

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What is ERP

 

What is the simplest ERP definition?

 

Think about all the core processes needed to run a company: finance, HR, manufacturing, supply chain, services, procurement, and others. At its most basic level, ERP integrates these processes into a single system. Unlike other business management applications, world-class ERP solutions are anything but basic.

 

The right ERP solution provides visibility, analytics, and efficiency across every aspect of a business. Using the latest technology, ERP solutions facilitate the flow of real-time information across departments, so businesses can make data-driven decisions and manage performance.

ERP provides an integrated and continuously updated view of core business processes using common databases maintained by a database management system.

 

ERP systems track business resources—cash, raw materials, production capacity—and the status of business commitments: orders, purchase orders, and payroll. The applications that make up the system share data across various departments (manufacturing, purchasing, sales, accounting, etc.) that provide the data. ERP facilitates information flow between all business functions and manages connections to outside stakeholders.

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What is ERP