Systems for enterprise resource planning (ERP) is essential to their success. Enterprise resource planning (ERP) refers to software and systems that organize and control all critical manufacturing, financial, supply chain, and other business operations. By automating processes like accounting, purchasing, project management, customer relationship management, risk management, compliance, and supply chain management, ERP can significantly streamline an organization's operations.
While a company can use a single ERP application, a whole suite of ERP applications streamlines business operations, connects every part of the organization, and allows for better data collection and communication. Modern ERP systems offer collaboration and digital solutions to connect with partners outside the organization, such as clients, suppliers, carriers, financial institutions, and others.