ERP stands for Enterprise Resource Planning
What is the simplest ERP definition?
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.
But new ERP systems are anything but basic. They use the latest technologies – such as machine learning and AI – to provide intelligence, visibility, and efficiency across every aspect of a business.
How a next-generation ERP system works
See how new ERP uses digital assistants to help you focus on what matters, artificial intelligence (AI) and machine learning to automate processes, and predictive analytics to support real-time decision making.
Benefits of ERP
Streamline and automate your core business processes to help everyone in your organisation do more with fewer resources.
Eliminate information silos, gain a single source of truth, and get fast answers to mission-critical business questions.
Fast-track business and financial reporting and easily share results. Act on insights and improve performance in real time.
Maximise business visibility and control, ensure compliance with regulatory requirements – and predict and prevent risk.
By using integrated ERP applications that share a database, you can simplify IT and give everyone an easier way to work.
With efficient operations and ready access to real-time data, you can quickly identify and react to new opportunities.
How do ERP systems work?
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.
Types of ERP
There are three different types of ERP implementations – cloud, on premise, and hybrid. Explore the benefits of each and choose the one that makes the most sense for your business.
What is cloud ERP – and how can it simplify your IT landscape? Learn all about the benefits and features of cloud-based ERP from Study Plus.
Run your enterprise resource planning software in your own data centre – for maximum flexibility and control.
Run some of your ERP applications in the cloud and some on premise with hybrid ERP, also known as two-tier ERP.
Learn about hybrid ERP