ERP(Enterprise Resource Planning Systems) comprises of a commercial software package that promises the seamless integration of all the information flowing through the company - financial, accounting, human resources, supply chain and customer information.
Detailed examples of ERP packages are HRMS, Financials, Manufacturing, Distribution, and Sales. Each ERP Package may offer different functionality for different industries.
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- On-line/real time information throughout all the functional areas of an organization
- Data standardization and accuracy across the enterprise
- "best-practices" included in the applications
- The efficiency they force an organization to undertake
- The analysis and reporting that can be used for long term planning
