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May 19, 2016updated 22 Sep 2016 12:02pm

Enterprise Resource Planning

ERP has become a core part of any company, but what are the real benefits of having such software?

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Enterprise resource planning (ERP) is a software that helps businesses manage several different assets, such as financials, operations and human resources.

It lets companies use a set of integrated applications to manage those same assets and helps automate a range of back office functions.

The term ERP was coined by Gartner in 1990. Today, ERPs are a crucial part of any company day-to-day operations. Before implementation, businesses need to find which solution in the market that gives them the best benefits as there is a wide range of providers out there.

The main benefit of an ERP is the real-time full-scale picture it paints and presents of the business. For example, a company owner can easily access all the information regarding all core business assets through a user-friendly desktop display.

Overall, ERP also enters the business intelligent (BI) field. By harvesting, processing and helping managing the company through data, businesses are able to take more reactive and correct decisions which will go down well with their needs in most occasions.

Having said that, this then deescalates into every single one of the specific business assets.

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