Enterprise Resources Planning

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Enterprise Resources Planning

Enterprise Resource Planning (ERP) software is a system that handles all the resources required to make, ship, and account for customer orders. It does this by integrating all the information flowing through the various departments of a large complex organization.

ERP traditionally involved many different processes, such as manufacturing, supply chain, and accounting. ERP software has also expanded beyond its original business functions to include newer functional areas like Business Intelligence (BI), CRM and Marketing Automation, and eCommerce. As a result, modern ERP can benefit a broader range of companies than traditional manufacturing-centric users.

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The Business Value of ERP

At its core, ERP helps employees do their jobs more efficiently by breaking down barriers between business units. More specifically, an ERP solution:

Improves financial compliance with regulatory standards and reduces risk.

Gives a global, real-time view of data that can enable companies to address concerns proactively and drive improvements.

Automates core business operations such as lead-tocash, order-to-fulfillment, and procure-to-pay processes.

Enhances customer service by providing one source for billing and relationship tracking.