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ERP is an acronym that stands for enterprise resource planning (ERP). It’s a business process management software that manages and integrates a company’s financial, supply chain, operational, commercial, reporting, manufacturing, and human resources
activities. Most companies have some form of financial and operational system in place, but most of the software platforms can’t go beyond everyday business processes, or help with issues related to future business growth. As companies grow, their needs change, and their systems should keep up with these changes. We will define what ERP is and why it’s smart to have this software in place that keeps up with your growing business needs.
Historically, ERP systems were monolithic suites that that worked separately and didn’t talk with other systems. Each system required expensive, complex, and customized code to meet unique business requirements which slowed—or even prevented—the
adoption of new technology or process optimization.
What makes today’s ERP software different is that it brings all these different processes to the table and together in one fluid system. And not just offering 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 optimize your processes across your entire business.
In addition, a modern ERP solution offers flexible deployment options, improved security and privacy, sustainability, and low-code customization. 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.
While there’s no all-up solution software for every business process, ERP technology is getting better and better at bringing processes together. Once your processes, systems, and data are connected, you’ll get the intelligence, acceleration,
and adaptability you need to start optimizing your operations. Here’s three ways ERP can improve your business:
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