What is ERP software?

What is ERP software?


Enterprise resource planning or ERP software is a suite of applications that manages core business processes, such as sales, purchasing, accounting, human resource, customer support, CRM and inventory. It’s an integrated system as opposed to individual software designed specifically for business process.

ERP software solutions have increasingly gained traction among enterprises both big and small for its centralized approach to business processes. With it, you can collect, store, manage, and interpret data from various business units. Likewise, ERP is used to automate back-office tasks and streamline cross-departmental workflows. When optimized, the solution can drive efficiency, lower costs and increase profitability.

However, there are still plenty of companies who have yet to invest in one primarily because they are unaware of what it can do as well as what to expect when implementing one. If you are one of these companies, well, you’re in luck. We have prepared an in-depth analysis of the features, types, and benefits that these ERP programs have to offer. In addition, we’ve presented how ERP systems are typically priced so you have an idea how it impacts the budget, and listed down some examples that you might want to consider as you browse for one for your company.

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Tags: ERP
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