What is ERP Software?

I wanna know, what exactly does ERP mean?

 

enterprises resource planning software which is used by small and large companies as far as i know, which can be used for any purpose. Search on google you will get lots of information.

 

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ERP software is a known and widely preferred software by most of the concern to wind up their organization's work. Most of the business factors are combined altogether to enhance the business productivity within a short span. No longer you have to waste your time in communicating with the mere end people. While the internal communication can be made effective and productivity scale gets raised, as said before. To make it precise, you could opt for a better ERP software to reduce your business expenses.​

 

ERP (Enterprise Resource Planning) Systems are implemented to take care of most (if not all) of the organization's functions. It can vary based on the organization's functions. These softwares includes but is not limited to modules like-

1. Sales : Lead generation, opportunities, sales closure, deal negotiation, etc.
2. Supply Chain : procurement, purchase-orders, voucher, partner management, vendor/supplier management, etc.
3. Finance : General ledger, accounts receivable, accounts payable, etc.
4. HR : Managing candidate profile, handling recruitments campaigns, employee details and benefits, etc.

An ERP implemented for Colleges/University will be very different from Manufacturing organizations which again will be very different from Services company.
In general, ERP can be summarized as-

ERP = Sales & CRM + HRM + Finance + Project Management + Process Management + Partner Management + Inventory Management + Logistics Management + Marketing Campaigns + Operations Management + Communication & Messaging + ANY OTHER CUSTOM FEATURE

This custom feature can depend on anything like industry, business, mode of operation, etc.

Hope this helps. Feel free to post if you have any queries.

 

ERP also deals with:
Supply chain management: Supply chain planning, supplier scheduling, product configurator, order to cash, purchasing, inventory, claim processing, warehousing (receiving, putaway, picking and packing).

Management accounting: Budgeting, costing, cost management, activity based costing

Procurify helps streamline and simplify company purchasing, budgeting and cost management

 

Enterprises resource planning is a core software system that manages your whole business on your one system by which you can manage your business from one system and you can manage your database. It will reduce your paper work to maintain your data. The essential things require for a business including inventory and order management, accounting, human resources, customer relationship management (CRM) etc. ERP helps to integrate these things on one system by which you can manage it and make your business improve.