What is an ERP solution?

ERP stands for Enterprise Resource Planning software. ERP software manages, streamlines, and automates day-to-day business activities and integrates all processes into a single system. Each ERP module focuses on a specific area of the business. A modern ERP solution comprises a long list of features based on the industry they cater to.

Here are the common characteristics that every ERP system has:

  • Offers real-time information and alerts across all the departments
  • Deployment types to choose from: cloud, hybrid, or on-premise
  • A "single version of the truth" for data consistency and elimination of redundancy
  • Easy to use dashboards, KPIs, and analytics for informed decision-making 

Here is a list of the business value of ERP:

  • Lower operational cost
  • Improved efficiency
  • Enhanced collaboration
  • Better infrastructure
  • Reduced business risk
  • Lower management and operational cost

If you are spending more on day-to-day operations, and you don’t have access to real-time data, or if it is getting difficult to meet customers’ expectations, it is better to invest in an ERP system.

Comments

  1. AnonymousApril 4, 2022 at 11:09 PM

    Informative and helpful Article. Really good work. Appreciate it. You might be looking for Odoo Development Company in Kolkata

    ReplyDelete

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