ERP stands for Enterprise Resource Planning. ERP is a type of management software for rapidly growing, medium, and large businesses.
In rapidly growing and larger companies, managers often can’t see what’s happening in every area of their business. They may, for example, not know how much inventory their business has and requires at any one moment in time. Ideally, the right ERP software or large business accounting software should help managers solve these types of problems.
The integration of various pieces of software into one system or solution means business owners and managers can see what’s happening in every area, including administration and operational functions, financial, HR, procurement, manufacturing, warehousing, sales and marketing, customer service, and more.
Eric Kimberling of Panorama Consulting Solutions has more than 20 years' experience advising businesses of all sizes on ERP. He says:
"In addition to making you more efficient and enabling you to spend your time in other places on more higher-value activities, [ERP] also should give you more visibility and insights into what's actually happening in your business."
The future of ERP: business management solutions
It will help you manage every area of your organization and prepare for future growth today.