ERP helps employees do their jobs more efficiently by breaking down barriers between business units. ERP combines Processes across Business Functions
ERP is an acronym for Enterprise Resource Planning, but even its full name doesn’t furnish much information on what ERP is or what it does. For this, you need to take a step back and think about all of the various processes that are essential to running a business, including accounting, and order management, inventory, accounting, customer relationship management (CRM), human resources, and beyond. ERP software consolidates these various functions into one intact system to streamline processes and information across the entire business organization.
The important feature of all ERP systems is a shared database that supports multiple functions used by different business units. This means that employees in different divisions such as accounting and sales-can depend on the same data for their specific needs.
Gives a global, real-time view of data that can empower companies to address concerns proactively and drive improvements.
Improves financial compliance with regulatory standards and reduces risk.
Automates core business operations such as lead-to cash, order-to-fulfillment, and procure-to-pay processes.
Enhances customer service by providing one source for billing and relationship tracking.