What is ERP
Essentially, an ERP is an application that automates business processes and provides insights and internal controls, drawing information from a central database that collects inputs from departments such as accounting, manufacturing, supply chain, sales, marketing, and human resources (HR)
Once the information is compiled in the central database, leaders will gain cross-departmental visibility that empowers them to analyze various scenarios, discover process improvements and generate significant efficiency gains. That translates to cost savings and better productivity as people spend less time digging for needed data.
Many of the world’s best-known and most successful companies have leaned on ERP for the last quarter-century. Now, this software can be configured and priced to meet the needs of all-size businesses. In simple terms, ERP systems help unify people, processes, and technology across an organization.