What is ERP?
ERP stands for enterprise resource planning. It’s software that manages a company’s financials, supply chain, operations, commerce, reporting, manufacturing, and human resource activities
Historically, ERP systems were monolithic suites that worked separately and didn’t talk with other systems. Each system required expensive, complex, and customised code to meet unique business requirements which slowed—or even prevented—the adoption of new technology or process optimisation.
What makes today’s ERP software different is that it brings all these different processes to the table together in one fluid system. It doesn’t just offer data connectivity within your ERP system, but also within your productivity tools, e-commerce, and even customer engagement solutions helping you connect all your data for better insights that help you optimise your processes across your entire business.
In addition, a modern ERP solution offers flexible deployment options, improved security and privacy, sustainability, and low-code customisation. But most importantly, it will build continuity and resiliency into your business and processes through insights that help you innovate at a rapid rate today while preparing your business for what’s next tomorrow.
As companies expand and their needs change, their systems should keep up with them. We’ll define what ERP is and why it’s smart to have software in place that keeps up with your business needs.