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Enterprise Resource Planning(ERP)

Enterprise Resource Planning
Author

Anisha M JosephSept. 30, 2019

Enterprise Resource Planning (ERP) is a business software tool that allows a company to manage different applications such as sales,inventory,warehouse, accounting, manufacturing etc with a single software. ERP software manages all the phases of businesses like product management, product planning, development, manufacturing, sales and marketing in a single database structure, application and user interface which makes easy to use the software. The ERP software is a type of  enterprise application that is used by large scale businesses and is required by experienced developers to customize and analyze the data also to manage upgrades and deployment of the software. ERP Software is common in every place including India, Kerala in almost every fields.

erp software in Calicut - Kerala

ERP software is used to manage all the business processes in a single database so that all the process can be managed easily with a computer. At first, ERP systems used only for large manufacturing companies. Today, they are also used for small business companies. There are so many companies providing ERP solutions, bt all are not good, but Technaureus a leading Odoo ERP  solution provider in Kerala, India have a powerful team with efficient developers. Technaureus only develop standard ERP software's by comprehending the customers requirements. Our ERP solutions will definitely reach your business to high.

History of ERP Software

The term ERP was used in 1990 by Gartner, but its actual root came in 1960s. At that time, the concept used in inventory management and control in the manufacturing phase. Software engineers created programs to analyse inventory, reconcile balances, and report on status. in 1970s, this had developed into Material Requirements Planning (MRP) systems for managing production processes.

All packages of ERP are not develop from manufacturing cores, ERP vendors additionally began implementing their packages with finance and accounting, maintenance, and human resource management. In the middle of 1990s ERP systems developed all core enterprise process. Governments and private organizations also began to use ERP systems.

In 1980s, MRP grew to produce more manufacturing processes, allowing many to call it Manufacturing Resource Planning. By 1990, these systems had improved besides inventory control and other operational processes to other functions like accounting and human resources.

As we know the "e" in ERP is for "enterprise", large  scale and small scale companies are now increasingly adopting ERP systems.
Software as a Service (SaaS) solutions also termed to as "cloud computing" have helped more in this growth. Cloud based solutions not just make ERP software easy affordable to more people, they also make these systems easier to manage and implement. The important feature is that, cloud ERP enables real-time reporting , which makes them even usable to executives and staff looking visibility into the business. As a result, companies of all sizes and a wide range of industries are moving to cloud ERP systems.

Features of ERP Software

  • Finance and accounting
  • Management accounting
  • Human resources Management
  • Manufacturing
  • Order Processing
  • Supply chain Management
  • Project management
  • Customer relationship management
  • Data services

Advantages of ERP

  • The main advantage of ERP Software is the myriad integration of business data which saves time and money.
  • Faster decision making with fewer errors through Management.
  • Data visibility across organization.
  • Better planning and reporting because of better data.
  • Sales forecasting which allows inventory optimization.
  • Order tracking from acceptance through fulfillment.
  • Revenue tracking from invoice through cash receipt.

Benefits of ERP 

  • We can improve quality and efficiency in business with ERP Software. ERP can lead to better results that may benefit in the growth of the company, such as in customer service management and manufacturing by keeping the internal process of the company running smoothly.
  • ERP software support decision making for upper level management.
  • Data security can improved with ERP.
  • ERP software helps in increasing opportunities in business collaboration. Data takes many forms in the modern world enterprise system, including documents, files, forms, audio and video, and also emails.

Conclusion

Hence, ERP software is a system that integrates business functions by managing and organizing organizational data and information. ERP software is the most reliable system for the management of data, ensuring its reliability, uniformity, transparency and visibility across the organization. It provides ease to the organizations in maintaining the business data. And also ensure access to the integrated valuable business information to all the members of the organizations. ERP software manages important data in an efficient way, avoiding its redundancy and validating the entire process. The appropriate management of information helps the organization in saving the cost and increasing productivity.

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