What Is ERP?

ERP systems help integrate and manage critical business processes within a company, from finance, sales, and marketing to procurement, inventory, the supply chain, and HR. ERP can be considered the backbone of an because it encompasses so many systems and data sources. ERP software can be deployed on-premises or in the cloud, although more companies are choosing cloud implementations thanks to a lower total cost of ownership and the ability to get the system up and running faster.

Today’s ERP systems handle many advanced tasks such as real-time reporting and analysis as well as automating business processes. A good ERP vendor can help companies become more adept at predictive analytics, integration with internet of things (IoT) technology and even the application of artificial intelligence (AI).