What is ERP (Enterprise Resource Planning) System?

A High Level Overview of Enterprise Resource Planning

ERP stands for Enterprise Resource Planning. ERP system is a single system to manage the all business processes of your organization.

So theoretically, we can say that ERP is a system to manage enterprises resources. ERP is a system to manage the entire company, such as your brain manages your whole life.

So we have one system for all: HR, Payroll, Budgeting, Project, Finances, Sales, Production, Inventory, Accounting, CRM, E-commerce, Orders, Marketing and that is ERP.

ERP integrates all business processes taking place in the company. ERP centralizes all the information in your organization and by doing this you are able to streamline the flow of information. All your business processes become connected end-to-end and now other things become easier.

You have a single view of your customers so you can provide better service, your team works more efficiently because they have the information they need, when they need it and when you want to analyze your information. Since it’s all in the same place, so you can report on it any way you want.

Most ERP systems are made up of different application modules that talk to each other and share one database. See, now the module reflects a given business area for which we previously needed a separate system.

In ERP system, there may also be modules specified to industries from manufacturing to retail.

As you know, there can be many ERP systems, and the names of these areas may be slightly different but usually they have similar functionality and can cover similar areas.

Below is a list of the most popular ERP applications:

  • Oracle ERP Cloud
  • Oracle E-Business Suite (EBS)
  • Oracle PeopleSoft
  • SAP S/4HANA
  • SAP ERP (ECC)
  • Striven
  • Oracle NetSuite
  • Katana
  • Sage
  • WP ERP
  • Microsoft 365
  • Epicor ERP
  • Sage Intacct
  • Oracle JD Edwards EnterpriseOne
  • SAP Business One
  • Salesforce CRM
  • Acumatica
  • Odoo
  • SysPro ERP
  • Sage 300 Cloud
  • ERPNext

This text explains the benefits of using an ERP system and how modern ERP solutions can do much more than just centralize and manage information. For instance, they can help you connect better with your customers through communication tools like Exchange 365 for email and Power BI for business intelligence.

As an ERP Consultant, I am available to assist you either with implementation or support. If you have any questions, feel free to contact me at [email protected] or click here.

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