What is ERP?
ERP in simple terms means a system that single-handedly manages all the departments of the company. It gathers, maintains, manages and provides actions on the data from various departments like HR, finance, Supply Chain, Manufacturing, Procurement, Sales, Marketing etc. Cost-effectiveness Companies adopt IT systems to reduce their costs, thus ERP increased productivity by helping all the departments lower their costs. Error-free system ERP manages the information to be cleared and accurate, as it is now a single point of contact, which makes the data easily available to all the stakeholders. Accelerated reporting Apart from being time and cost-effective, ERP creates new channels of customer engagement and fast-track reporting, with a mirroring of data, and better insight into facts and figures all the way down to the customer level. Paves for new opportunities ERP helps employees to stay focused, by saving them time and energy. This enables employees t...