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Enterprise Resource Planning(ERP) is a type of business process management software. ERP software integrates several processes of a business such as Finance and Accounting, Sales and Distribution, Vendors and Purchasing, Inventory, HR and Payroll, Manufacturing, CRM Point of Sale (PoS) and Project Management into a single system.
This integration allows for streamlining processes and information across the organization leading to better clarity and decision making. Shared database, automated processes and predictive analysis are some of the top features of any ERP software.
The use of ERP software at an organization consequently results in lower business risks, simpler IT and quicker response to newer opportunities.
Higher productivity
Better insights
Quick report generation