ERP Meaning

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 various processes, providing a single source of truth and streamlining processes across the organization.

ERP connects a company's financials, supply chain, operations, trading, reporting, manufacturing and HR activities on a single platform.

Most businesses have financial and operating systems in place, but siled systems may not be able to move beyond day-to-day operations or assist in the future growth of the business.

As companies expand and their needs change, their systems must keep pace and meet those needs.

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