Most business professionals are familiar with the term "ERP," but they might not fully understand the benefits these systems can offer their teams.
ERP is a software category that assists organizations in managing and automating core business processes for optimum performance. By coordinating the data flow between a company's business processes, ERP software streamlines operations throughout the organization and creates a single source of truth. The functions of the financials, supply chain, operations, business, reporting, manufacturing, and human resources can all be integrated into one platform.
Most businesses have a financial and operational system, but compartmentalized systems can't support future business growth or go beyond routine business operations. Instead, systems should adapt to the needs of the growing and evolving businesses.
An ERP system helps unify people, core business processes, and technology across an organization.
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