Enterprise Resource Planning software or ERP software is ideal system of software applications developed to meet the financial and operational needs of a medium and large size business. The most prominent feature of this software is that it integrates the needs of various business departments into a single computer system. Moreover this system amalgamates all data and procedures of any firm into a more effective and unified system.
It is interesting to note that the concept “ERP” was initially developed to sketch the use of enterprise-wide resources, and though the initial ERP originated in the manufacturing environment, but this ERP system has broadened its scope in global market. Basically it’s an attempt to cover all basic functions of an organization, regardless of the organization’s business or charter. In addition to this, ERP software also acts as main software system for all areas of an enterprise and has the ability to maximize efficiencies, and modernize the flow of information throughout an organization.
Mentioning about some of the major advantages of ERP software, it helps in breaking down the differences between different departments by making the best use of a single database for the storage of all corporate information. Further more it also empowers members of staff with the facility to quickly gather data from their own and other section so they work more efficiently. In fact, ERP facilitates:
- Deduction or exclusion of reliance on paper documents.
Removal of re-keying of data and integration of reports like financial and manufacturing reports can be viewed in conjunction.