An ERP is a software solution that streamlines, automates and integrates all business functions (HR, Finance, Sales, Purchase etc.) of a organization to a single computing system.
It’s main objective is to facilitate the flow of information and communication of goals, objectives and strategies across the organization with complete ease and access for all.
Many enterprises use ERP for increasing productivity, advanced planning & scheduling, sales force automation, HR management etc. They also integrate key customers and suppliers as part of the business operation. The improved decision-making increases profitability and ROI of business in an effective way.
Island of Information-
ERP organizes, collects and streamlines the information from various departments of an organization to provide a comprehensive enterprise view (no “islands of information”) enabling the management to make quick and informed decisions.