Enterprise Resource Planning

•Enterprise resource planning by integrating all

planning (ERP) is a the processes needed to run
platform companies use to their companies with a
manage and integrate the single system.
essential parts of their •An ERP software system
businesses. Many ERP can also integrate planning,
software applications are purchasing inventory, sales,
critical to companies marketing, finance, human
because they help them resources and more.
implement resource
 Why Is
ERP software system
ERP Important?
and services to customers
provides the automation,
integration, and intelligence
that is essential to efficiently
run all day-to-day business
operations. Most or all of an
organization’s data should
reside in the ERP system to
provide a single source of
truth across the business.
Finance requires an ERP
to quickly close the books.
Sales needs ERP to manage
all customer orders.
Logistics relies on well
running ERP software to
deliver the right products
on time. Accounts payable
needs ERP to pay
suppliers correctly and on
time. Management needs
instant visibility into the
company’s performance to
make timely decisions. And
banks and shareholders
require accurate financial
records, so they count on
reliable data and analysis
made possible by the
ERP system.
 How do ERP systems work?
An ERP system also called
an ERP suite is made up of
integrated modules or
business applications that
talk to each other and share
common a database.Each
ERP module typically
focuses on one business
area, but they work
together using the same
data to meet the company’s
needs. Finance, accounting,
human resources, sales,
procurement, logistics, and
supply chain are popular
starting points. Companies
can pick and choose the
module they want and can
add on and scale as needed.
 BENEFITS
Improved data accuracy and Scalability for future growth
visibility. opportunities.
Increased efficiency and Minimized costs.
productivity. Ensured higher productivity
Enhanced inventory and collaboration.
management controls. Facilitated better workflow
Optimized procurement visibility.
processes.