Enterprise Resource Planning or ERP is a process of using technology to connect all departments and functions within an organization into a unified system and enable data flow between them. An ERP software is designed to automate the sharing of information, avoid the duplication of data, provide data integrity and facilitate informed decision making. All-in-all, it is an advanced technology-enabled system that serves each department's specific needs, while making business management a hassle-free affair.
ERP is an integrated suite of applications capable of delivering operational excellence and enabling future business growth. The tool shares a common database for all departmental operations in an organization, covering finance and accounting, sales and marketing, HR, manufacturing, distribution, inventory, customer relationships, supply chain, warehousing, and more.