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ERP is a business management software comprising of a collection of integrated applications that can be effectively used by a business enterprise to collect, store, manage and interpret data from many business activities such as: • Manufacturing • Marketing & Sales • Purchasing • Inventory management • Accounting etc. ERP- A vital organizational tool The ERP system can be considered as a vital organizational tool as it integrates the various departments of an organization enabling proper co-ordination among them, thus facilitating error-free transactions and production. The need of ERP ERP means Enterprise Resource Planning. Its utility is suggested by the name itself. Each company has its own resources. But the company’s prospects, success and growth depends on how effectively it uses its resources to the maximum potential. But many of the smaller and new enterprises lack in this know-how, which hinders their progress. Here comes the role of the ERP. The ERP developers build their applications based on industry best practices, which means that the software reflects the vendor’s interpretation of how a business process can be performed most effectively. Also, in case of growing businesses or middle size enterprises, at some point of time, it becomes difficult, and also expensive, to control, manage and maintain co-ordination among the increasing size and number of departments. In this situation, the need of an integrated solution, like the ERP software, becomes indispensable. ERP solution provider The ERP system can thus well be defined as a ‘help at hand’ for small and medium size enterprises. Many companies like VERP are ready to help you with ERP solutions. So enterprises can now easily implement it and get their businesses integrated to enhance their performance. |