What is ERP?
Put simply, ERP is a business solution for companies that want to enhance their business management options. The acronym Enterprise Resource Platform refers to software designed for that very purpose. Adding an ERP platform provides integrated applications able to automate typical back-office functions in areas such as e-commerce. A good ERP package can impact a diverse group of departments in any business. It can play a role in inventory management, for instance, and sales.
There are two formats for this type of business process management software: one for large businesses and one design with the small company in mind. Packages created for large businesses tend to require a dedicated team able to develop a plan to fit the business needs. Small business ERP, however; are a lightweight version of the larger plan that is customized for the specific business upfront. The ERP industry has strengthened over the past few years and is able to support all technology trends in mobile device use, social media and cloud storage.
What are the Benefits of an ERP?
The are some real advantages to working with an Enterprise Resource Platform system that goes beyond just improving workflow, productivity, and efficiency. For one thing, large businesses should invest in an ERP to stay current with the competition. If one enterprise follows a traditional business module and a competitor implements an ERP, the first will have a clear disadvantage in their market.
ERP’s provide essential tools necessary to do proper forecasting, too. The software allows businesses to create strategies based on accurate and realistic predictions using integrated data. Without an ERP, a company’s data may be spread out over several different systems. Collecting and collating that information leads to inaccuracies that affect both current and future operations.
It is easy to see an ERP as a substantial cost-investment, but implementation will actually save money by:
An ERP also improves data security. The system comes with built-in resources able to ward off attacks. The good ERP system will mean: