What is an ERP?
Google tells you a lot of things. If you’re in Singapore, it stands for Electronic Road Pricing, but for most, ERP is an acronym for Enterprise Resource Planning. For a business owner, be it big or small, what that ERP is, is the all-round business solution they’ve been looking for.
The answer to the question, “What is an ERP?”, is not an easy one, but we’ll try our best. In the simplest of terms, it’s a software that helps an organization automate and manage core business functions, enhancing its efficiency. Some of those core functions being sales, supply chain, logistics, manufacturing and finances.
This allows a company to optimize revenues, drive sales, streamline Client Relationship Management (CRM), while giving them an insight to all of their operations at a glance, all through a simple dashboard.
What does this mean for a company? Simple. An ERP lets you focus on the big picture, while it takes care of the rest, and takes care of it right. Syncing all operations with the Cloud, using AI driven forecasts to boost sales, it allows the decision makers, to make the smart decision, that helps their business scale up.
ERP’s are also highly versatile. The right system can be customized to fit your business, whatever it maybe, whatever size it may be. Agriculture, Food and Beverage, Retail, Healthcare, Construction are just a few of the industries that could benefit from an ERP solution.
An ERP helps you make the right decision. but selecting the right one is a big decision in itself. One that needs to be taken after considerable research. Hopefully, the answer to “What is an ERP?” has just been made a bit more clearer, and the answer to the question “What is the right ERP?” can also be answered sooner!