ERP (or enterprise resource planning) is a type of software that connects all the complex, day-to-day processes of a business into one single, simple system.
The most effective HR ERP systems integrate core business activities like inventory and order management, supply chain, payroll and accounting, HR and finance, procurement and customer relationship management.
So while CRM software and systems help you focus on your customers, ERP software helps you focus on the nuts and bolts of your business operation.
Most professional companies who outgrow their simple accounting system will go on to manage their business processes using some type of organisational software or services.
This could be enterprise software or some other type of management solution, like MRP (material requirements planning or manufacturing resource planning).
The difference between MRP and ERP systems is that ERP is more focused around integration, which enables systems to be easily combined with other tools, programs, applications and modules.
The leading ERP systems and enterprise management solutions allow you to store data about your daily business tasks in one central location – improving security and accessibility.
This helps provide essential insights into your company, including areas for improvement, and ensures you comply with ever-changing compliance and financial regulations.
With access to real-time data, you can streamline daily operations and efficiently collaborate across all departments at the same time.
So if you want to increase productivity, improve performance and reduce costs, you should consider investing in an enterprise management solution.