The Increasing Importance of ERP

You will find ERP in almost every IT article. ERP stands for Enterprise Resource Planning. It is an integrated software program that integrates all business processes within the organization.

Significance of ERP

ERP can integrate any organization, no matter how large or small and across multiple locations. It provides visibility and control to all business processes and allows for end-to-end control. Access to all information is from a single database.

Management and the organization have real-time visibility into all aspects of the business, making it easier to make timely decisions regarding their business.

In the past, organizations had a MIS department that collected data from each department and prepared reports for management. This was a time-consuming task. ERP can do the whole job in just a few minutes and provide up-to-date information.

Manual computing was time-consuming and required dedicated resources. Managements relied on daily reports for their business operations and to make decisions. This led to delays.

ERP has allowed business processes to grow faster than ever before. It takes just a few seconds to do what used to take several days. All departments have seen a dramatic increase in productivity, efficiency, and throughput.