ERP

ERP definition: what does it really mean?

Enterprise Resource Planning (ERP) is a type of software organisations use to manage day-to-day business activities — accounting, procurement, project management, risk management, compliance and supply chain operations. A complete ERP suite also includes enterprise performance management: software that helps plan, budget, forecast and report on an organisation's financial results.

Resource planning systems link a multitude of business processes and allow data to flow between them. By collecting an organisation's shared transactional data from multiple sources, ERP systems eliminate data duplication and provide data integrity through a single source of truth.

Today, ERP systems are central to running thousands of companies of all sizes across every industry. For these businesses, ERPs are as indispensable as the electricity that keeps the lights on.

The business value of ERP

You can't ignore the impact of ERPs on today's business world. As data and business processes build up inside ERP systems, companies can align separate departments and improve workflows, which translates into significant bottom-line savings. Specific business benefits include:

• Better business insight from real-time reporting
• Lower operational costs through streamlined business processes and best practices
• Stronger user collaboration when sharing data across contracts, resources and purchase orders
• Improved efficiency through a common user experience across many business functions and well-defined business processes
• Consistent infrastructure from back office to front office, with every business activity sharing the same corporate identity
• Higher conversion rates thanks to a common user experience and design
• Lower risk through better data integrity and financial controls
• Lower management and operational costs through uniform, integrated systems

If you need an ERP system, at Gecko Studio we specialise in designing and programming systems tailored to your company.