What is ERP (Enterprise Resource Planning)?

What is ERP (Enterprise Resource Planning)?

Enterprise Resource Planning or most commonly referred to as ERP is a business management solution that supports multiple functions in a business and stores all information in a central database for shared access across the company.

For more information on ERP, view the video below for concise information about what ERP means to businesses and how it is used to operate complex businesses.

As a business management solution, ERP provides businesses with the ability to manage and collate information in a single database for seamless information sharing. Analysis and reports are also easily generated with customer-generated queries that may not require any expert intervention. Modern ERP solutions empower internal staff to take control of the process and manage the business according to their terms.

ERP systems such as Dynamics 365 is available as a cloud solution or what has familiarly known as Software-as-a-Service (Saas) solution. This has changed the ownership cost for ERPs and has made it very affordable for businesses. Cloud solutions are also easier to implement, easier to manage and save both time & resources. Flexibility also provides users with the ability to grow with the solution when the need arises – which means that this is a solution that supports future growth with minimal additional investment.

Value of ERP To Businesses

• Provides real-time view of information to enable you to make quick, fast and accurate decisions.
• Increase visibility across different departments and functions.
• Improves financial compliance.
• Automate redundant and monotonous daily task.
• Improve customer service & customer engagement.
• Improve efficiency.
• Data security and quality.
• Improved collaboration and workflows.

With all these tips on ERP on hand, speak to us for more information on ERP systems