What is ERP ?

 

ERP stands for Enterprise Resource Planning. It is software developed to manage and control business flow and activities in real-time. In modern business management, the entire activities involved the following business resources

> Finance Resource Management

> Human Resource Management

> Supply Chain Management

> Customer Relationship Management

> Manufacturing Resource Planning

A modern business enterprise cannot afford any mishandling of the above resources. ERP has been designed to consolidate and gather the business data in one suite in an integrated structure. Software comprising related applications automates business functions such as sales, production, quote management, accounting, and personal data of the employees of an enterprise or an organization.      

In the modern hi-tech era business transaction and activities have increased manifolds and the escalating costs of all the resources have almost made it difficult to survive. The software includes various modules covering financial management, accounting, cost accounting, inventory management, contact management, It also covers that how the business life cycle goes within an enterprise. It mainly manages the central database of a setup and generates analytical reports for the respective departments involved in business activities helping an effective decision making.