Here's the difference between ERP and FP&A Software:
ERP: ERP full form is Enterprise Resource Planning. It streamlines various business functions from production, quality check, sales, marketing, and customer support to financial management. The finance module in ERP assists decision-makers with evaluating the financial health of the company, identifying performance inefficiencies, and making strategic decisions.
FP&A Software: Financial Planning & Analysis software has a limited focus in comparison. It only deals with the financial aspects of the company. Similar to ERP, it is also used by Chief Financial Officers (CFOs), Financial Planners, and Treasury Managers for financial analysis, financial modeling, budgeting, scenario analysis, and strategic decision-making.