The word ERP stands for Enterprise Resource Planning, It is a complete suite of application and tool which can be integrated to efficiently and smoothly manage all business operations and ensure a streamlined workflow in real-time.
ERP enables easy data transfer, centralized data storage, efficient warehouse management, Order processing (sales and purchase), Finance management, CRM, Inventory management, HRMS, and more.
ERP Software automates most of the business or organization activities & manage most of the tedious manual task and increase productivity in less time with less error.
How does ERP work in organizations?
ERP software provides an integrated tool for the organization for managing data between different departments. ERP software enables seamless data flow that helps to manage and perform daily activities with a common database.
Adopting ERP software is essential for every business whether it is small or large. Systematically running a business is very important and this is what ERP ensures to offer. ERP works for streamlining the workflow of businesses.
In general, ERP uses a centralized database for different types of business processes to reduce manual labor and to simplify existing business workflows systematically. An ERP system contains dashboards where users can see real-time data collected from all parts of the business to analyze productivity and profitability.