On various websites, you can find hundreds of definitions for ERP solutions, as every business and website creates its own definitions. This can create confusion for readers. These variations are proper and right, but it is essential to explain which ERP program can be used for a specific business and what ERP actually is and its functions. Fully understanding ERP solutions and how they can transform your business to a corporate level, we’re going to explain their features and functions. Let us introduce enterprise resource planning with clarity.
Think about the systems in a business and the functions that regularly take place, from small tasks to major operations, including meetings, human resources, finance, account management, relationship management, contact systems, call centers, and more. Enterprise resource planning is a single platform where all the functional departments of an organization are integrated. It records and manages all the data in a software system that can control processes and information for the entire organization and provide it as needed. It is a single solution for all the problems and processes running throughout the organization.
Enterprise resource planning uses a shared database among different or separate departments, where each department enters its daily data for example, accounting software to manage financial tasks. The data is saved in a single database and can be accessed by authorized personnel. Each module of the ERP solution is provided to the relevant department, and all menus are accessed through one interface, allowing concerned departments to access the entire organization’s information. This makes it easy for authorized individuals to work and understand the organization and its functions quickly. It is not just about data entry and sorting; it also tracks daily functions and activities, as well as future activities.
Necessity of Enterprise Resource Planning
There are no boundaries for any business type to use enterprise resource planning. This software is made with custom solutions for every business and can be used in any industry that wants to grow faster and access data as needed. It saves time and enhances organizational growth. From hospitals to schools, manufacturing industries to wholesale businesses, import and export, and more, every business can use it to provide a friendlier environment and keep the organization up-to-date.
History of ERP
Enterprise resource planning was introduced in 1990 by Gartner and was initially applied to inventory management systems to control the manufacturing sector through inventory software. The goal was to monitor inventory, keep it balanced, and report constantly. It started as manufacturing resource planning, and focused on the manufacturing sector, but with the launch of ERP, many functional areas were connected and integrated.
Value of Enterprise Resource Planning for a Business
Enterprise resource planning helps employees work effectively and efficiently by providing access to required data from all functional units while sitting at their desks. It aids businesses in growth and improvement with an increased return on investment. ERP controls the flow of information by setting barriers for each functional area. It has proper backup systems to reduce financial risks. It provides a good customer base by maintaining contact with customers and other stakeholders that affect an organization’s financial health and reputation. ERP services track every activity in real-time, ensuring data availability, accuracy, and proper sorting and filtering, which are crucial for success.
Digitonz provides enterprise resource planning solutions and erp software in Pakistan such as academic management systems, pharma management systems, complaint management systems, contact management suites, and contact centers.
