Enterprise Resource Planning (ERP) is a software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, compliance, and supply chain operations. ERP systems tie together a multitude of business processes and enable the flow of data between them. By collecting an organization’s shared transactional data from multiple sources in a single database management system, ERP systems eliminate data duplication and provide data integrity with a single source of truth.
Today, ERP systems are critical for managing thousands of businesses of all sizes and in all industries. To these companies, ERP is a bread and butter system.