Enterprise resource planning (ERP) is that the integrated management of main business processes, often in real-time, and mediated by software and technology. ERP is typically mentioned usually referred to as a category of business management software, typically a suite of integrated applications, that an organization can use to collect, store, manage, and interpret data from many business activities.
ERP provides an integrated and continuously updated view of core business processes using common databases maintained by a management system. ERP systems track business resources—cash, raw materials, production capacity, and therefore the status of business commitments: orders, purchase orders, and payroll, etc.
Benefits of ERP Software:
Streamlining Operations: ERP software stores data across an organization. Right from a company’s warehouse management to its administration, it keeps track of all the information relevant to the activities.
Decreased Software Overhead: As ERP software allows companies to consolidate other tools, they will free themselves from handling separate software for core HR, CRM, supply chain management, and other tasks. It lets companies control everything through a centralized system.
Workflow Automation & Enhanced Accessibility: With the help of Artificial Intelligence and Natural Language Processing technologies, ERP software can automate business routines like customer service, project management, and more.
