ERP is a single software program that serves the needs of people in finance as well as it does the people in human resources and in the warehouse too. Each of those departments typically has its own computer system optimized for the particular ways that the department does its work. But ERP combines them all together into a single, integrated software program that runs off a single database so that the various departments can more easily share information and communicate with each other.
An effective ERP solution provides:
- Mange operating cost
- Connect to global customers, partners, and suppliers as efficiently as possible
- Provide timely, accurate information
- Process information quick and effective, accurately to provide possible solutions.
- Satisfy regulatory requirements for financial reporting
- Sales forecasting
- Order tracking
- Revenue tracking
- Track all records