ERP

ERP: definition

Enterprise Resource Planning (ERP) software is an information system that integrates all the major functions of a company. It connects processes and supports automation across HR, finance, supply chain, procurement and more to help run a company. This information system facilitates the flow of information through different modules.

An ERP is made up of different customizable modules including:

• Finance
• Accounting
• CRM
• Human resources
• Inventory management
• Manufacturing

50% of companies considered ERP a driving force in digital transformation (source: IDC France - Cegid)

The objectives of an ERP

The main objective of an ERP is to modernize and integrate business processes to improve the efficiency of a company and its employees. Other ERP objectives include: 

1. Centralizing solutions to create an accessible IS
2. Better integration, management and security of data
3. Better management of all resources
4. Standardized processes
5. Streamlined communication
6. Increased efficiency, productivity and profitability

How to use an ERP 

An ERP concerns all departments of a company because of their centralized activities and flow of information.

Depending on the different modules integrated in an ERP, the software can offer a different platform for each department. An ERP can allow data to flow between different modules, providing all concerned modules with real-time, updated information to manage business functions. This data is centralized and easy to access, unlike traditional ERP limitations.

Examples of different ERP solutions

There are many different ERP solutions available for your business. Here are five that dominate the market today:

SAP

Oracle 

Sage 

Microsoft Dynamics 365

Infor