Enterprise Resource Planning

What is Enterprise Resource Planning?

Introduction

ERP stands for enterprise resource planning, but what does ERP mean? The simplest way to define ERP is to think about all the core processes needed to run a company: finance, HR, manufacturing, supply chain, services, procurement, and others. At its most basic level, ERP integrates these processes into a single system.

Before ERP

Before ERP companies used individual department software for Example

Accounts Department Software

Production Department Software

Sales Department Software

HR Department Software

The Result of Individual packages

Without ERP it was very tricky to generate business reports and balance sheet and other statements because of no integration of all departments of the company. Generating of reports was time consuming and more probability of error was higher which effect the decision making for the higher management.

During Quarterly Report Submission by every department of management…….

It leads to many problems like

• Non tallying of facts and figures

• No integration and updating between each departments

• The decision making is not accurate

What Industries Needs?

• Data Accuracy

• Instant availability of data

Data Accuracy help in Decision Making

Decision will be based on accuracy of data

• If data is not accurate decision will be wrong…

• So all the CEO and other decision makers of the company need accurate data in time.

It is possible only based on ERP packages

What is ERP?

Why we need ERP?

Higher productivity: Streamline and automate your core business processes to help everyone in your organization do more with fewer resources.

Deeper insights: Eliminate information silos, gain a single source of truth, and get fast answers to mission-critical business questions.

Accelerated reporting: Fast-track business and financial reporting and easily share results. Act on insights and improve performance in real time.

Lower risk: Maximize business visibility and control, ensure compliance with regulatory requirements, and predict and prevent risk.

Simpler IT: By using integrated ERP applications that share a database, you can simplify IT and give everyone an easier way to work.

Improved agility: With efficient operations and ready access to real-time data, you can quickly identify and react to new opportunities.

Without ERP VS With ERP

Who is ERP System Providers?

Market Share

It's Time to think about

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