If you own a business, or are planning on starting one, there’s a good chance you’ve heard of ERP. There’s also a good chance that you’ve heard about all the wonders it can do for a company, whether it’s just starting out, or a global company. Let’s look a little deeper into what ERP actually is.
ERP stands for Enterprise Resource Planning. In some ways, the name says everything, but in others, there is so much more to it. ERP is software used to manage a business. It is generally a collection of applications which take care of all sorts of management needs throughout the business. Some might even say that ERP software is a collection of everything a business needs to thrive. Here are a few ways to understand what ERP is and how the software can help a business.
The financial application in ERP software can help manage all things related to money, including money coming in and going out, budgeting, and math and predictions
Human resources management is always important, and can be efficiently done with ERP software. This application can keep track of payroll and benefits, retirement accounts, training, and diversity in the workplace.
This is one of the most important aspects of a product based business. Problems in manufacturing can lead to problems everywhere else, including profits. ERP software can manage workflow and scheduling, quality control, work orders, and the manufacturing process itself.
Instead of tracking orders on paper or in an excel document, ERP software will do it for you. It can keep track of pricing, inventory, shipping, and even sales commissions.
ERP software can solve a volume of problems for any business. It can keep track of almost everything, and will help a business with all management related aspects. If you’re looking for ERP software, or even if you’re not quite sure what erp software is still, contact us. We’ll do whatever we can to find the right solution for your business.