What is ERP?

Enterprise Resource Planning and Management systems integrate all data and processes of an organization into a unified system, providing benefits that range from standardization and lower maintenance (one system instead of two or more) to easier and/or greater reporting capabilities (as all data is typically kept in one database).

An ERP system can help you automate and integrate the following business processes in your organization:

• Supply Chain Management—Inventory, Order Entry, Purchasing, Product Configuration, Supply Chain Planning, Supplier Scheduling, Inspection of goods, Claim Processing, Commission Calculation
• Financials—General Ledger, Cash Management, Accounts Payable, Accounts Receivable, Fixed Assets
• Projects—Costing, Billing, Time and Expense, Activity Management
• Customer Relationship Management—Sales and Marketing, Commissions, Service
• Data Warehousing—and various Self-Service interfaces for Customers, Suppliers, and Employees

With an ERP system, you can:

• Adjust quickly to changes in the business environment
• Optimize and align their people, processes, and technology around the needs and expectations of their customers
• Automate corporate business processes to reduce cost and improve efficiency
• Attract, retain, and cultivate lifetime relationships with employees and partners by making it quick and easy to do business with you
• Capture, analyze and share business intelligence about customers and company operations with employees, suppliers, and partners in order to make better business decisions.
• Continuously create value for its stakeholders by automating day-to-day business management and freeing up time for management to focus on initiatives centered around innovation and growth