What is an ERP,
exactly?

Our accountants often get this question

You may have heard the term ERP used in relation to software used in large corporations. Our accountants deal with many forms of ERPs on a regular basis. Let’s look at what an ERP is and how it is used to support business functions. 

What is an ERP, exactly?

Enterprise Resource Planning (ERP) Software means the end to your admin headaches as it combines several functions, called modules, in one software solution. This includes modules like:

  • Business Intelligence
  • Supply Chain Management
  • Inventory Management
  • Financial Management
  • Customer Relationship Management
  • Human Resources

This software minimizes manual labor and human error. It combines a variety of data sets in one solution to get the most out of all the data. As ERP software is a centralized system, it allows your company to deliver a consistent level of service. After all, it’s the little things that set you apart from your competition.

These solutions allow you access to your records when and where you need it. It’s saved to a cloud, meaning it’s accessible by everyone who needs to use it. Your data is protected from hard disk errors, but you need optimal security as well.

Example of an ERP System

Our favorite ERP is Oracle NetSuite as it uses the most advanced security possible to ensure the safety of its users’ data.

In fact, this popular software is perfect for entrepreneurs who are serious about working intelligently and scaling their businesses without any software growing pains.

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