ERP full form

ERP means Enterprise Resource Planning. It is recording the day-to-day activities of companies like maintaining customer records, accounting, managing finance, call details, and other related tasks. It takes care of end-to-end business and helps provide analysis of the same.

ERP systems are scalable and help maintain multiple businesses having different numbers of clients with them. Along with providing many back-end solutions, it also takes up the task of front-end solutions where generally, customer relationship management comes into play. 

It is built around a single database where information from around the organisation is kept. It can be accessed by a person as need be from that single location. This helps maintain business workflow, keep up-to-date information and easy accessibility, and enhance inventory control, and regulatory compliance by employees across various domains in the organisation. The customer service provided by ERP’s functioning is unmatchable.

ERP implementation also helps in reducing third-party dependencies and provides more security architecture for the system.

As technology advances, the business must adapt to the ERP for betterment and efficiency.