What is ERP ?!

ERP stands for enterprise resource planning, but what does ERP mean? The simplest way to define ERP is to think about all the core processes needed to run a company: finance, HR, manufacturing, supply chain, services, procurement, and others. At its most basic level, ERP integrates these processes into a single system.

Six Main Feature

Point Of Sale
Streamline and automate your core business processes to help everyone in your organisation do more with fewer resources.
Inventory
A complete asset management solution that comes with a comprehensive log for each asset – starting from procurement all the way through to retirement.
Sales and purchase
increase productivity and lower costs by managing your sales and purchase cycles, from purchase to sales orders
Reports
Draw actionable reports on utilization, checkouts, POs, and more.
Accounting
Get a real-time view of your cash flow. Full-fledged accounting module covering every aspect of bookkeeping.
Stocktaking
With efficient operations and ready access to real-time data, you can quickly identify and react to new opportunities.

Six key benefits of ERP

Higher productivity
Streamline and automate your core business processes to help everyone in your organisation do more with fewer resources.
Deeper insights
Eliminate information silos, gain a single source of truth, and get fast answers to mission-critical business questions.
Accelerated reporting
Fast-track business and financial reporting and easily share results. Act on insights and improve performance in real time.
Lower risk
Maximise business visibility and control, ensure compliance with regulatory requirements, and predict and prevent risk.
Simpler IT
By using integrated ERP applications that share a database, you can simplify IT and give everyone an easier way to work.
Improved agility
With efficient operations and ready access to real-time data, you can quickly identify and react to new opportunities.

How do ERP systems work?

Intelligent products An ERP system – also called an ERP suite – is made up of different enterprise resource planning applications that talk to each other and share a database.
Each application (or ERP module) typically focuses on one business area. You can combine different modules to meet your needs. Finance, human resources, sales, and logistics are popular starting points. There are also modules specific to industries, from manufacturing to retail.

Types of ERP: deliver ERP your way

Modern ERP systems can be deployed in any number of ways: in a public or private cloud, on premise, or in various hybrid scenarios that combine environments. Here are some of the high-level benefits of each to help you identify the implementation option that makes the most sense for your business.

• Cloud ERP
  In cloud ERP, the software runs on a provider’s cloud computing platform. The maintenance of the system is handled by the provider. There is also a choice of utilising a public or private cloud, which is gaining acceptance because of the low upfront costs.
• On-Premise ERP
  This is the traditional model for deploying software where you control everything. The ERP software is installed in your data centre at the locations of your choice. The installation and maintenance of the hardware and software is your staff’s responsibility.
• Hybrid ERP
  For companies that want a mixture of both to meet their business requirements, there is the hybrid model. This is where some of your ERP applications and data will be in the cloud and some on premise. Sometimes this is referred to as two-tier ERP.

ERP at any size: what are my options?

ERP isn’t just for global enterprises. ERP solutions are designed for businesses of all sizes – small, midsize, and large. You can also get industry- and company-specific functionality to meet unique business needs.

• Small business ERP
  ERP software for small businesses can help you move beyond spreadsheets and efficiently manage every aspect of your growing company – from sales and customer relationships to financials and operations. Small business ERP tools are typically in the cloud, quick to install, and designed to grow with you.
• Mid-Market ERP
  Today, ERP software designed for mid-market companies and subsidiaries benefit from built-in analytics, rapid deployment, and best practices for 35 different business processes – financials, HR, supply chain management, and more. Midsize ERP tools help growing businesses scale and compete without the complexity and cost.
• Enterprise ERP
  Large companies with global or subsidiary operations need a robust, market-leading ERP system with embedded AI, machine learning, and analytics – and intelligent automation to transform processes. ERP systems can be deployed on premise, in the cloud, or in a hybrid scenario depending on business need. They can integrate with existing databases or, ideally, run on newer, powerful in-memory databases.