What is ERP ?
What is ERP ? ERP stands for Enterprise Resource Planning. It is a business management software that integrates all the functions and processes of a company into one comprehensive system. Here is how ERP works: Centralized Database : ERP software has a centralized database that stores all the data and information related to the business processes. Modules : ERP software is divided into modules based on the different functional areas of the business such as finance, sales, purchase, production, inventory management, human resources, etc. Integration : The modules in ERP software are integrated with each other, which means that data entered into one module can be accessed by other modules in real-time. Standardization : ERP software follows standardized business processes and procedures, ensuring that all data is entered and processed in a consistent and standardized way. Automation : ERP software automates many manual and repetitive tasks, reducing the risk of errors and saving time. Re...