Back to Glossary

ERP

What Is ERP?

An Enterprise Resource Planning System is a set of technological applications used by organizations to automate everyday business activities. This may include integrating, optimizing, and managing various core company processes, such as accounting, risk management, and compliance.

What Are The Primary Business Benefits Of An ERP System?

  • ERP systems enhance uniform business reporting with a centralized database for all operations.
  • With EPR software, businesses enjoy premium data and cloud security since these systems distribute data over multiple servers.
  • Businesses experience streamlined cash flow, thanks to better invoicing, and improved inventory planning.
  • Routine tasks automation for smarter workflows and improved customer service.

When A Business Needs ERP

Implementing ERP software is necessary when:

  • The company expands and you experience lengthy workflows and complex workloads that consume unnecessary resources. This also means inefficient day-to-day operations, signaling the need to adopt an Enterprise Resource Planning System.
  • Legacy systems become obsolete and the vendor no longer releases upgrade patches.
  • There is an imminent threat of a merger or acquisition by the parent company in a bid to optimize inventory processes.
  • To gain a competitive edge.

Frequently Asked Questions About ERP

Who are the primary users of ERP systems?

This system is essential for businesses in accounting, logistics, production, retail & eCommerce, and food supplies industries. Some of the sectors that go for industry-specific ERP solutions include healthcare, construction, education, and agriculture & farms.

What is at the heart of any ERP system?

A central database is the heart of any ERP system for increased data integrity and minimized redundancy. This also translates to easy data portability and access by teams. On top of that, businesses can implement stronger security measures with all data in one place.

What is ERP implementation?

ERP implementation entails planning, configuring, and deploying an ERP system to integrate various business functions, such as accounting, human resources, manufacturing, and sales in one solution. This streamlines daily processes for improved returns and productivity.

What is cloud ERP?

Unlike on-premise systems, cloud Enterprise Resource Planning System runs on the vendor’s cloud infrastructure. Businesses only need a reliable Internet connection and a secure browser to access cloud ERP. That means you can access real-time insights and analytics anytime, from any part of the globe.

Why is ERP needed?

Integrating ERP software is critical for many businesses since it gives insights into all operational aspects for enhanced efficiency and productivity. It is also essential for automating manual processes to match or stay ahead of the competition.

You May Also Like

What Is eCommerce Personalization?
11 min read
eCommerce Strategy

An Overview Of Personalization In eCommerce, Its Myths And Best Practices

Personalization in eCommerce is one of the key factors that boost customer engagement and your profits. Find out what tactics to use to achieve it.

Read more
What Are Data Standardization Challenges?
8 min read
Product Information Management

Understanding eCommerce Data Standardization: Challenges And Best Practices

Learn more about the nature and features of eCommerce data standardization that enables companies to streamline data flow and improve customer acquisition.

Read more
Top B2B Marketplaces
6 min read
eCommerce Strategy

Top 10 World’s Largest B2B Marketplaces To Look Out For In 2022

Explore the world's largest B2B eCommerce platforms and learn the benefits of B2B marketplaces for your business.

Read more
How Much Does A PIM Cost?
8 min read
Product Information Management

PIM Prices: How Much Does A Product Information Management Solution Cost

Learn how PIM prices are formed and what factors influence the cost of product information management solution.

Read more
How To Drive Traffic From Social Media To Website
7 min read
eCommerce Strategy

10 Ways To Drive Traffic From Social Media To eCommerce Site

Explore the most effective ways to drive traffic from social media channels to your eCommerce website.

Read more
Data Validation For eCommerce
7 min read
Product Information Management

How Data Validation Transforms eCommerce Businesses

Read about the impact of data validation on eCommerce companies. Learn how to validate data to generate revenue and get a deeper understanding of your customers.

Read more
What Are Some eCommerce Laws?
9 min read
Product Information Management

eCommerce Laws & Data Regulations: Challenges And Solutions

Understanding the most common eCommerce laws and data regulations and how to overcome the challenges they present.

Read more
What Are Some eCommerce Marketing Strategies?
6 min read
eCommerce Strategy

8 eCommerce Marketing Strategy Recommendations For 2022

Learn how to create a marketing strategy for eCommerce website of any shape or size: get more sales and outrun your competitors.

Read more
Customer Journey Touchpoints
7 min read
Product Experience Management

A Guide To eCommerce Customer Journey Touchpoints And Mapping

Comprehending eCommerce journey mapping and touchpoints can help you drive sales and enhance consumer experience. Learn all the essentials in this guide.

Read more

Let’s Get In Touch

Need to contact us? Just use this form

Gepard Privacy Policy
Success