Enterprise resource planning (ERP)

ERP is an abbreviation for Enterprise resource planning (ERP). The ERP is business process management software. This applications used to manage the business and automate many back office functions related to technology, services and human resources. ERP solutions are designed to help you to improve the operational efficiency of business resources. Businesses use ERP systems to integrate all its business processes into a single system to efficiently and effectively manage business goals.

ERP software is considered to be a type of enterprise application, that is software designed to be used by larger businesses and often requires dedicated teams to customize and analyze. In contrast, Small business ERP applications are lightweight business management software solutions, often customized for a specific business industry or vertical.

ERP Software Modules:

• ERP software typically consists of multiple enterprise software modules that are individually purchased, based on what best meets the specific needs and technical capabilities of the organization.

• ERP software integrates all facets of an operation including product planning, development, manufacturing processes, human resources, financial and sales and marketing.

• Each ERP module is focused on one area of business processes, such as product development or marketing.

• A business will typically use a combination of different modules to manage back-office activities and tasks including the following:

  Distribution process management, supply chain management, services knowledge base, configure, prices, improve accuracy of financial data, facilitate better project planning, automate employee life-cycle, standardize critical business procedures, reduce redundant tasks, assess business needs, accounting and financial applications, lower purchasing costs, manage human resources and payroll.

Enterprise ERP Trends

1. Mobile ERP :

Executives and employees want real-time access to information, regardless of where they are. It is expected that businesses will embrace mobile ERP for the reports, dashboards and to conduct key business processes. Benefits are using mobile erp is improved quality service,Greater productivity, Deeper business relationship, competitive Advantage, More accurate date capture.

2. Cloud ERP

The cloud has been advancing steadily into the enterprise for some time, but many ERP users have been reluctant to place data cloud. Those reservations have gradually been evaporating, however, as the advantages of the cloud become apparent. Benefits are using cloud ERP is upfront cost, 24/7 proactive monitoring, accessibility, software updates, integration.

3. Social ERP

Social ERP means an integrated software system which organizes the customers, employees and partners of an organization. It will have all the features of a traditional ERP system but with an additional layer of social interaction at the top of the basic functionality. This layer will bring more flexibility, user friendliness, transparency to the users of the system. ERP software vendors are evolving their solutions to include social business capabilities, which emulate the look, feel, and functionality of social media that employees use in their lives outside of work. Employees can now tag and comment on reports or processes on a real-time basis as well as involve more key stakeholders in processes. This functionality improves communication, agility, and innovation and creates a more robust system of record.

4. Two-tier ERP

Two-tier ERP (enterprise resource planning) is the practice of running two ERP systems at once one larger system at the corporate level, and one smaller system at the plant, division, or subsidiary level. Enterprises once attempted to build an all-encompassing ERP system to take care of every aspect of organizational systems. Many companies may choose to run two-tier ERP for a variety of reasons. For example, it allows an existing legacy ERP system to remain functional across the organization. A two-tier ERP model may also be adopted by organizations that operate globally and must respond to location-specific business requirements in multiple countries. Two-tier ERP may be deployed through in-house systems or through cloud-based ERP.

Use ERP Software to manage back-office

Distribution process management, supply chain management, services knowledge base, configure, prices, improve accuracy of financial data, facilitate better project planning, automate employee life-cycle, Standardize critical business procedures, reduce redundant tasks, assess business needs, accounting and financial applications, lower purchasing costs, manage human resources and payroll.

ERP Vendors

• Depending on your organization’s size and needs there are a number of enterprise resource planning software vendors to choose from in the large enterprise.

• Mid-market and the small business ERP market.

• Gartner’s annual market share reports put SAP, Oracle, Sage, Microsoft and Net-suite among the top vendors, but Capterra’s data suggests that SAP and Oracle are easily the biggest two, with Epicor, Infor and Microsoft on their heels in a shifting line-up.

• The top small business ERP vendors includes names like Net-suite, Exact Max.