Essential for success in modern businesses, enterprise resource planning (or ERP) is a type of software that integrates the management of day-to-day business operations such as:
- Finance and Accounting
- Human Resources
- Customer Relations
- Inventory and Product Management
Connecting these operations under one suite can boost company efficiency and allow for real-time assessment of core business processes. A range of data is collected and analyzed by the ERP software, meaning the user is able to track resources, production, and finances across different sectors of the business continuously.