What is Enterprise Resource Planning (ERP)? | ERP Meaning | UBS
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Enterprise Resource Planning (ERP)

What is Enterprise Resource Planning (ERP)?

Enterprise Resource Planning (ERP) is a method used by companies to manage and integrate the crucial parts of their business. ERP is software used by various organizations to manage their day-to-day activities such as accounting, project management, procurement, risk management and compliance, and supply chain operations.

ERP Software ties together multiple business processes and allows the flow of data between them. By gathering an organization’s shared transactional data from various resources, an ERP system eliminates duplication and offers data integrity with a single source.

These days, ERP systems are crucial for managing multiple businesses of any size and industry. To these companies, an ERP is nowadays as important as the electricity that keeps the lights on.

ERP’s Business Value

  • Lower Management and Operational Costs
  • Higher user-adoption rates 
  • Improved efficiency 
  • Lower Operational Costs
  • Improved Business Insights 
  • Enhanced Collaboration
  • Consistent Infrastructure 
  • Reduced Risk 

Also, See: Software As A Service | Payroll Software


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