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Enterprise Resource Planning is a software system that helps you manage your entire business, supporting automation and processes in the areas of finance, manufacturing, human resources, supply chain, services and procurement.
Why ERP system is important:
•An enterprise resource system is defined as the central nervous system of an organization, providing the automation, integration, and intelligence necessary to run all daily business processes efficiently.
•It brings together all enterprise data into one system to provide a single source across the business.
•Finance requires an ERP system to close records quickly.
•Sales needs ERP to manage all customer orders.
•Logistics services depend on a well-functioning ERP software to deliver the right products and services to customers on time.
•Accounts Payable needs an ERP system to pay suppliers correctly and on time
•Banks also need accurate financial records, so they rely on reliable data and analysis made possible by an ERP system.
Six key benefits of ERP System:
- Higher productivity
- Deeper insights
- Accelerated reporting
- Lower risk
- Simpler IT
- Improved agility