What is ERP Software?
Enterprise resource planning (ERP) is a type of software system that helps organizations automate and manage core business processes for optimal performance. ERP software coordinates the flow of data between a company’s business processes, providing a single source of truth and streamlining operations across different departments. It’s capable of linking a company’s financials, supply chain, operations, commerce, reporting, manufacturing, and human resources activities on one platform.
Think of it as an Accounting Software on steroids.
Most companies have a finance and operational system in place, but siloed systems can’t go beyond everyday business processes or help with future business growth. As companies expand and their needs change, their systems should keep up with them.
Contrary to common belief, ERP is not just designed for and used by Enterprise-sized companies. Any SMB business today can take advantage of enormous cost savings and efficiencies of ERP software, including Manufacturing, CRM, HR, and much more.