ERP or Enterprise Resource planning solutions help organization streamline the multiple, diversified, resources and processes, with the common goals of a business – productivity and profitability.
Through a single interface in the ERP, organizations can consolidate the business processes of various departments and bring them under “one-roof”. The different business units of an organization have a shared database, to support their various functions.
With an ERP solution, many business processes can be automated and synchronized . This replaces the need of doing manual data entry or maintaining separate databases or spreadsheets. Business units get streamlined into one system, where each one gets access to the information they require with respect to their unit or another’s. For instance, the Accounts department can drill out reports on the sales order. Or the sales order in turn can view the status of pending invoices. This way, business units leverage on the integrated systems of an ERP that helps them function in a coordinated manner, saves time and avoids duplication of data too.
Uses of ERP
ERP solutions can be customized to suit your business requirement . Some of the basic functions carried out by an ERP application are:
- Inventory and Order management(Supply Chain management)
- Human Resources
- Customer Relationship Management
ERP applications have evolved over the years, ever since their entry into the software market. Diverse technologies have come into play to make ERP systems robust, customizable and flexible.
Some of the Popular ERP Applications Are
A legacy player in the ERP arena, Epicor uses Microsoft technologies such as SQL server as the database and is based on SOA architecture. It has a vast consumer base and a strong customer support system and is priced at the lower end.
This ERP product is popular for its SCM module for which it has a huge customer base. This ERP offers varying degrees of customization depending upon the business requirement. The ERP is stands at the lower end of pricing, compared to others.
Microsoft has been a competent leader in the ERP market and has catered well to small and medium level businesses. Its framework is designed in SQL server and dotNET. With its well networked distributions channels and the costing factor, Microsoft’s ERP has a wide established customer base.
Java-based Oracle’s ERP is a highly customisable and flexible product. They have a huge market across the globe, this partly attributed to their stronghold in the databases segment, since so many years
As leaders in the ERP market space, SAP was the first to introduce the client-server ERP software. They have a stronghold in the market through their SCM(supply chain module), payroll and Accounting modules
ERP applications have changed the way organizations store, track, review and present their information. They have defined channels that facilitate better coordination amongst different business , by optimizing on time, effort and costs.