What is ERP?

Enterprise Resource Planning (ERP)

ERP stands for Enterprise Resource Planning. ERP software integrates processes essential to running a business, including inventory and order management, accounting, and customer relationship management (CRM). ERP software integrates these previously separate functions into a single complete system to share information across the entire organization. The great advantage of ERP systems is a shared database that supports multiple functions used by different business units. This means that employees in different divisions use same information. This give a single unified version of the “truth” for your business and streamlines all your business processes simultaneously.

ERP software also offers some degree of synchronized reporting and automation. Instead of employees maintaining separate spreadsheets that need to be manually adjusted to generate reports, ERP solutions allow staff to pull reports from one system. Sales orders can flow into the financial accounting without any manual re-keying, order management can process orders more quickly and accurately, and finance department can close the books more quickly. ERP features include dashboard to enable management to quickly understand business performance and make adjustments.

Top reasons to get ERP

Your systems are siloed and updating your spreadsheets takes longer and longer and you have to wait a long time to get reconciled reports.
Your back-end data is too complex. Predicting sales and inventory forecasts can be error prone guess work. When your business systems are not fully integrated it takes longer to reconcile financials at the end of the month. ERP software integrates your systems so that every business function relies on a single database.
You need quick access to information to keep your business running smoothly. A holistic view of business operations lets you have your finger on the pulse of the business and helps your staff can get the information they need to do their jobs more effectively.

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