What is ERP Software Services?
ERP Software Services – Enterprise resource planning (ERP) is the integrated management of main business processes, often in real time and mediated by software and technology.
ERP is usually referred to as a category of business management software—typically a suite of integrated applications—that an organization can use to collect, store, manage, and interpret data from many business activities.
ERP provides an integrated and continuously updated view of core business processes using common databases maintained by a database management system.
ERP software systems track business resources—cash, raw materials, production capacity—and the status of business commitments: orders, purchase orders, and payroll.
The applications that make up the system share data across various departments (manufacturing, purchasing, sales, accounting, etc.) that provide the data. ERP Software Services facilitates information flow between all business functions and manages connections to outside stakeholders.
See Also: CRM Software Services
SAP, Oracle, Microsoft Dynamics and Infor are among the most popular ERP vendors.
While ERP Software Services has the potential to provide numerous business benefits, it can also be a risky proposition. If not managed properly, ERP projects can cost more and take longer than expected.
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