ERP Systems - A Complete Overview
An enterprise resource planning or ERP system streamlines all of the core business processes, such as accounting, human resources, CRM, output, inventory, and so on, and lets you manage them efficiently from a single unified platform.
It is an all-in-one software solution for business process management that allows organizations to use integrated applications for automating back-office functions, services and human resources.
An ERP system consists of multiple modules, which can be added or removed based on the needs of your organization . Each of the modules is dedicated to focus on a particular area of your business processes.
Essentially, the right ERP system allows businesses to manage all of your business operations effectively and efficiently.
Main characteristics of an ERP system
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Centralized database
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Provide access to real-time data
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Can manage all business operations
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Scalable to support business growth
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Support third-party integration
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On-premise, cloud, and hybrid deployment
