Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back-office functions related to technology, services, and human resources. Best ERP Solutions software typically integrates all facets of an operation — including product planning, development, manufacturing, sales, and marketing — in a single database, application and user interface.
ERP is an Enterprise Application
ERP software is considered to be a type of enterprise application, that is software designed to be used by larger businesses and often requires dedicated teams to customize and analyze the data and to handle upgrades and deployment. In contrast, Small business ERP applications are lightweight business management software solutions, often customized for a specific business industry or vertical.
Today most organizations implement ERP systems to replace legacy software or to incorporate ERP applications because no system currently exists. In fact, a 2016 study by Panorama Consulting Solutions, LLC., indicates that organizations implement ERP for the following reasons:
To replace out-of-date ERP software (49%)
To replace homegrown systems (16%)
To replace accounting software (15%)
To replace other non-ERP systems / had no system (20%)
ERP Software Modules Explained
ERP software typically consists of multiple enterprise software modules that are individually purchased, based on what best meets the specific needs and technical capabilities of the organization. Each ERP module is focused on one area of business processes, such as product development or marketing.
Recommended Reading: The Difference Between CRM and ERP
Some of the most common Best ERP Solutions modules include those for product planning, material purchasing, inventory control, distribution, accounting, marketing, finance, and HR. A business will typically use a combination of different modules to manage back-office activities and tasks including the following:
Distribution process management
Supply chain management
Services knowledge base
Configure prices
Improve the accuracy of financial data
Facilitate better project planning
Automate the employee life-cycle
Standardize critical business procedures
Reduce redundant tasks
Assess business needs
Accounting and financial applications
Lower purchasing costs
Manage human resources and payroll
As the ERP methodology has become more popular, software applications have emerged to help business managers implement ERP into other business activities and may incorporate modules for CRM and business intelligence, presenting it as a single unified package.
The basic goal of using an enterprise resource planning system is to provide one central repository for all information that is shared by all the various ERP facets to improve the flow of data across the organization.
Enterprise ERP Trends
The ERP field can be slow to change, but the last couple of years have unleashed new technology trends which are fundamentally shifting the entire area. The following new and continuing computing trends have an impact on the growth of enterprise ERP software:
Mobile ERP
Executives and employees want real-time access to information, regardless of where they are. It is expected that businesses will embrace mobile ERP for the reports, dashboards and to conduct key business processes.
Cloud ERP
The cloud has been advancing steadily into the enterprise for some time, but many ERP users have been reluctant to place data in the cloud. Those reservations have gradually been evaporating, however, as the advantages of the cloud become apparent. The payroll management system can be very strong after getting Erp software.
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