What is ERP Software?

 

Enterprise resource planning (ERP) refers to a type of software that businesses use to handle day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. A complete ERP solution also includes employee performance management, and software that helps plan, budget, predict, and report on an organization’s financial results.

ERP software systems tie together several business processes and enable the easy flow of data between them. An ERP software will collect an organization’s data from multiple sources, ERP software will eliminate data duplication, and provide data integrity with a single source. ERP software is critical for managing businesses of all sizes and in all industries all around the globe.

An ERP system like Zortal supports all aspects of financial management, human resources, supply chain management, and manufacturing with your core accounting function. ERP software will also provide transparency into complete business processes by tracking all aspects of production, logistics, and financials. These integrated systems act as a business's central hub for end-to-end workflow and data, allowing a variety of departments to access them.

ERP Systems and software support multiple functions across the enterprise, mid-sized, or small businesses, including customizations for your industry.

 

Why is ERP important for business?

ERP software has been getting better at bringing processes together. After your processes, systems, and data are connected, you’ll get the business intelligence, acceleration, and adaptability you need to start optimizing your operations.

Here are a few ways an ERP system will help improve your business:

• Help drive optimal performance. With solutions that use AI, you’ll access insights that enhance your decision-making and reveal ways to improve operational performance going forward.
• Ensure business agility. Many ERP solutions are built to adapt to your needs and grow with you, helping you proactively prepare for—and readily respond to—any operational disruption or market change.
• Accelerate operational impact. By connecting processes and data, you’ll bring more visibility and flexibility to employees, helping them take action quickly and deliver more value across the business.