ERP, or enterprise resource planning, is a business management software that enables an organization to utilize a system so it can integrate and automate human resources, services, and technology. Almost all parts of business operations can be integrated into the ERP software. The development, sales, manufacturing, planning, and marketing all come under a single application, user interface, and database.

ERP is a software that can be called as a type of core business application with an intuitive design. ERP is commonly used by large companies and often requires dedicated teams for the purpose of analyzing, customizing, handling the upgrades, and deploying the software.

ERP is a service business management software that is customizable for a specific business in the industry. The legacy software is being replaced by ERP systems today as no other system can currently be found. The major benefits behind ERP systems include:

• ERP systems replace existing and outdated software.
• These systems offer organization and management capability in one central system.
• Companies can adapt and customize the ERP software according to unique needs.

There are multiple modules that can be purchased as part of an ERP system depending on what meets the capabilities and needs of your business. This service business management software has modules which can be individually purchased and used. Each of the modules focuses on a particular business process. Companies typically use a combination of modules to handle the tasks and activities that need to be performed. ERP offers the following modules:

• Supply chain management
• Configure prices
• Distribution process management
• Improve the accuracy of the data in financing
• Removing redundant tasks
• Reducing the costs of purchasing
• Configuring prices
• Improve project planning
• Increase the number of standardized business processes
• Finance and accounting applications
• Analyze the business requirements
• Manage the payroll and human resources

With so many modules to offer, ERP is becoming more popular. The service business management software applications have been created to help managers implement the software into the business. This improves the business intelligence and CRM of a company.

Trends in ERP enterprise

There has been a steady change over the last few years since it is a relatively new software. Here are some of the new developments that have created an impact in the ERP software versions:

• Mobile ERP: This allows employees to access information real time.
• Cloud ERP: With the advent of cloud computing, ERP data is now being shifted onto the cloud.
• Social ERP: Social media packages are being added to ERP to collate the invaluable data that is collected through social media.
• Two-tier ERP: This service business management software has adopted a method to prevent expensive failures by using a two-tier business strategy.

As you can see, there are numerous benefits that come from using an ERP. This software makes regulating and sharing data across different modules much easier. Better insights are offered in terms of new technology like IOT, machine learning, and analytics. Here are some of the advantages of an ERP software:

• Helps the organization save money in the long run.
• A unified system helps reduce the IT related expenses.
• Visibility throughout the system is improved and the primary goal to meet the needs of the customer is emphasized.
• Since the data is streamlined, it enables better planning and reporting of data.
• The software allows back up, control of user rights, data security, compliance and most importantly, better data.