What is ERP, and how does it work?
With today’s businesses trying to operate efficiently while adapting to evolving requirements, expectations, and technology, “What is ERP software?” has become a popular question. To answer it, we must start by explaining what ERP stands for: Enterprise Resource Planning.
As the name indicates, Enterprise Resource Planning encompasses how organizations (regardless of size) manage their resources. The term “resources” can include—but is not limited to—materials, equipment, employees, and capital. With an ERP system, organizations can manage these resources and integrate separate departments—like financials, accounting, sales, CRM, and more—through a single, centralized application and interface. Company-wide information is shared through and synchronized in the system and is available to all employees, putting everyone on the same page, at the same time.