When you search for “what is Enterprise Resource Planning,” you can find numerous confusing definitions. That is because neither its short, nor full name does not shed light on what ERP systems are and what they do. Furthermore, it seems that each website has its own vision on what is ERP. The truth is that ERP is powerful business tool that can scale, integrate, and transform businesses. In this article, we have decided to give a brief introduction to Enterprise Resource Planning solutions to get a deeper understanding of what are they, how they work, and why it seems like everyone is talking about them.
What is ERP?
In order to get the idea of what is ERP software, you should first think of all processes necessary to run a business, such as CRM, HR, accounting, inventory management, etc. Basically, ERP solution integrates all these processes into one system to streamline information across the company. A shared database is the key feature of ERP software. This allows different departments to rely on the same data. Typically, it supports many functions and can be used by various departments. ERP systems offer synchronized automation and reporting instead of having to maintain separate spreadsheets and databases. Therefore, ERP transforms, integrates and scales your business.