Enterprise resource planning (ERP) is a type of software system that helps organizations automate and manage core business processes for optimal performance. ERP software coordinates the flow of data between a company’s business processes, providing a single source of truth and streamlining operations across the enterprise. It’s capable of linking a company’s financials, supply chain, operations, commerce, reporting, manufacturing, and human resources activities on one platform.
Most companies have a finance and operational system in place, but siloed systems can’t go beyond everyday business processes or help with future business growth. As companies expand and their needs change, their systems should keep up with them. In this article, you’ll learn what ERP is and why having software in place that keeps up with your needs can help run a more agile and efficient business
An ERP system can cover many core functions across your organization—helping break down the
barriers between the front office and back office while offering the ability to adapt your solution to
new business priorities. Some of the key business functions include:
commerce solution that unifies back-office, in-store, and digital experiences. Customers get a more
personalized and seamless shopping experience through AI recommendations, while retailers increase
employee productivity, help reduce fraud, and grow their business.
insights that give an overview of your finances to help you tap into the real-time information anytime
and anywhere. It should also cut down on entering information manually by automating daily tasks
and include tracking abilities that help with your business’s regulatory compliance.
Human resources
Modern solutions offer ways to manage company data and streamline employee management tasks
like payroll, hiring, and other duties. You’ll be in a better position to help retain, recruit, and empower
employees while also tracking employee performance and to help you identify HR problems before
they happen.
process automation, and offers manufacturers the ability to fulfill customer needs and manage
resources by accessing real-time data. It also optimizes project management, cost management, and
production planning.