What is an ERP
When you search on the web “ERP” the large amount of information that emerges can be overwhelming, not to mention a bit of confusion. Each site seems to have its own definition of ERP and ERP implementation can vary greatly from the next. These differences however, emphasize the flexibility that ERP can make a powerful business tool.
For a deeper understanding of how ERP solutions can transform your business, it helps to get a better sense of what is ERP and how it works. Here is a brief introduction to ERP because it seems that everyone is talking about.
Complete ERP and its definition
ERP stands for Enterprise Resource Planning, but also its full name doesn’t shade a lot of light on what is ERP or what it does. For this, you need to step back and think about all the different processes that are essential for the management of a business, including inventory and order management, accounting, human resource management, customer relationship management (CRM), and beyond. At its most essential level, the ERP programming incorporates these diverse capacities within a complete system to optimize processes and information across the organization.
Why ERP is important in an organization (SME’S)
The central element of all ERP systems is a shared database that supports multiple functions used by the different business units. In practice, this means that employees from different divisions, such as accounting and sales- can rely on the same information for your specific needs.
ERP software also offers a degree of synchronized reporting and automation. Instead of forcing workers to maintain databases and spreadsheets separated by manually combine to generate reports, some ERP solutions enable staff to extract a system report. For example, sales orders automatically flow into the financial system without any manual modification, from there the management in charge of orders can process their orders more accurately and efficiently, and the accounts department can close the books faster. Other ERP Common features include a portal or dashboard that allows employees to quickly understand the key metrics of business performance.
We now know in detail what is ERP and its importance especially for SME’s. Contact us for more information on how you can have ERP in your organization.