What is ERP
The word ERP (Enterprise Resource Planning) and ERP software are not new to the business world. Since the advent of computer itself, different types of business management software was available. It was in late 90’s, more advanced, integrated and efficient business management solutions emerged in the market called ERP solutions. In simple words, ERP refers to the systems and software packages used by organizations to manage their day-to-day business activities, like accounting, manufacturing, Sales, Purchase, Customers, and Inventory etc.
Though initially ERP usage was confined within large enterprises, today it is an inevitable factor in any business organization. Yearly, more and more business organizations are attaching ERP solutions to manage resources more effectively and they are reaping its fruit. The Classical module like Accounting, Inventory, and Manufacturing, was the primary component in earlier ERP solutions. However, the landscape is entirely different today and changing constantly. Today, an efficient ERP solution incorporate functionalities like E-Commerce, M-commerce, Data Analysis, Decision making, Cloud storage and Management, Remote Controlling etc. In other words, today's ERP is more like an intelligent decision taking system rather than a decision support system as it were. Integrated modules and cutting-edge analysis tools combined with huge possibilities of internet impart such enormous capabilities to an ERP system. So, what are the advantages of having an efficient ERP software in your organization? It would be worth analyzing it in today’s business environment.
Better analysis, Forecasting and Reporting
Access & control your system from anywhere
Scalability (customization meeting your changing needs)