An Enterprise Resource Planning (ERP) software is a solution primarily used to manage daily business activities, such as accounting, budgeting, supply chain operations, financial planning, project management, etc.
Essentially, an ERP is used by companies to manage business performance and integrate important processes - such as sales, marketing, finance, human resources, and more - within their business.
An ERP software system facilitates the flow between necessary business processes and important data while preventing and eliminating duplication and redundancy of data to create indispensable data integrity.
This improves the process of accessing information, streamlines administrative operations within the organization, boosts internal communication and automates tasks. All this facilitates the sharing of information within different departments, making the data more available and accessible so that it can be used productively.
In other words, an ERP can:
- Increase productivity
- Speed up the reporting process
- Decrease operating costs
- Integrate metrics
- Reduces resources
- Facilitate quick decision-making
- Increase user adoption rate
- Maximize the visibility of the company
ERP software applications are important. They are crucial for promoting the implementation and planning of resources as well as the integration of processes that allow you to manage your companies with a single system.
Nowadays, ERP solutions can be open source, local, predefined, custom, and even cloud solutions. But many of these solutions are usually web-based applications that users can access remotely. For example, Odoo and ERPnext are both ERP systems with functions such as CRM, HR management, reporting / analysis, inventory management, order management and financial management, etc. Both of these resources can be incredibly useful for companies with 1 or 300 employees.
But with all the differences and similarities of these ERPs, the best way to know for sure which is the best solution for your business is to get advice and experiment. Contact us to schedule a consultation and find out which would be the best option for your company.