Once information is compiled in that central database, leaders gain cross-departmental visibility that empowers them to analyze various scenarios, discover process improvements and generate major efficiency gains. What Is Enterprise Resource Planning (ERP)?Īt its core, an ERP is an application that automates business processes, and provides insights and internal controls, drawing on a central database that collects inputs from departments including accounting, manufacturing, supply chain, sales, marketing and human resources (HR). Read on for answers to just about any questions you might have about enterprise resource planning.
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We’ll explain exactly what ERP is, how it works, what it can do for your business, how to choose the right solution and much more. Most business professionals have heard the term “ERP,” but they may not know exactly what enterprise resource planning software can do for their teams. That’s where enterprise resource planning software comes in: ERP systems collect and organize key business information and help organizations run lean, efficient operations, even as they expand. Growing companies eventually reach a point where spreadsheets no longer cut it.