Enterprise Resource Planning is particularly software in regards with the management of the various business processes that provides an allowance to the specific organization to incorporate the application of a system that has been designed with integrated applications. These systems act as a catalyst in the management of the business and cloud erp solutions also automation of several functions inclusive of the back office department which are associated with the aspects of services, human resources and indeed the king of all, i.e.; technology.
ERP Software involves the following facets of a specified operation: –
- Product planning
- Development of the product
- Manufacturing processes
- Sales and marketing
Back office activities managed by ERP
ERP software can be predominantly used for the management of several back office activities along with the associated tasks that are enlisted below: –
- Services knowledge base
- Distribution process management
- Configuration and prices
- Supply chain management
- Improvisation of the accuracy of the merged financial data
- Facilitation of improved project planning
- Standardization of the significant business processes
- Automation of the life cycle of employees
- Assessment of business needs
- Accounts and finance related applications
- Reduction of the superfluous tasks
- Lower and affordable purchasing costs
- Management of human resources
- Distribution mechanisms
- Payroll specifications
An ERP system has been popular and in vogue in the business sector as it has proven to act as a core for the centralization of the information in a single package thus enhancing the data flow in a well-known organization.
