Full Form of ERP - Enterprise Resource Planning

Enterprise Resource Planning is an integrated system. It helps to manage all the core business programs and is also known as the central nervous system of an enterprise. ERP is helping to enhance business management and increase the interconnectivity between different business sectors today.

More About ERP

• EPR software helps merge business sectors like finance, HR, manufacturing, supply chain, services, etc. Therefore, these combine all the data and processes necessary to run a business smoothly.
• Nowadays, ERP software has improved and can be used on the web. This means that business owners and employees can access company information from remote locations.
• ERP software enables the free flow of communication between business areas. 
• ERP software is made up of various parts, and each part does a specific job, like handling money, managing people, or overseeing the supply chain.
• The software creates a single source of information, which helps in increasing accuracy and real-time data reporting. 
• EPR software also comes with security features like controls and encryption and can help protect the company’s sensitive information.
• Various other benefits of ERP include an increase in efficiency and productivity, enhancement of collaboration, and improved reporting.
• Although EPR might add up to the company's initial costs, they can later save a lot of money by improving accuracy and avoiding duplication of efforts. 
• ERP can become ineffective if not implemented carefully.
• There are 3 types of ERP: cloud-based, on-premise, and hybrid.