Enterprise Resource Planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. An ERP system works by decreasing the number of resources needed to run the business optimally but still ensuring profitability and business improvement. The ERP system is different from a single applications because it allows other enterprise modules of your company to work from one database. ERP was the term that focused more so on manufacturing software. In other words the ERP systems we see today are the evolution of what was originally MRP. ERP has come a long way since then and for all intents and purposes should be considered a global business management software. ERP systems stands out in their ability to tie multiple businesses processes together and promote the flow of data between them. This reduces duplicate data and improves the overall data quality of an organization’s IS system. With a centralized database, thanks to ERP, organizations enjoy increased efficiency, profitability and save time.
Today, there are several ERP systems available on the market. They are without a doubt an integral to the management of organizations, businesses and companies all over the world, of all sizes and industries. Enterprise Resource Planning software today have more features than ever before and are becoming increasingly sophisticated and apt to meet the demands of today’s organizations.
ERP also integrates with front- office applications to build holistic views of customers, including customer relationship management (CRM) solutions. Additionally, cloud based ERP applications are often embedded with next- generation technologies such as IoT, block chain, AI, machine learning and digital assistants. These advanced technologies deliver data and capabilities that not only advance many traditional ERP functions; they create new opportunities for increased efficiencies, new services and deeper insight across an enterprise, their management often involves a partnership with the CFO as well as the CIO, COO and other key executive leaders. Cloud- based ERP applications are often embedded with next- generation technologies.
ERP systems are designed around a single, defined data structures that typically has a common database. This helps to ensure that the information used across the enterprise is normalized and based on common definitions and user experiences. These core constructs are then interconnected with business processes driven by workflows across business departments including finance, human resources, engineering and marketing, connecting systems and the people who use them. Simply put, ERP is the vehicle for integrating people, processes and technologies across a modern enterprise.
It’s impossible to ignore the impact of ERP in today’s business world. As enterprise data and processes are corralled into ERP systems, businesses can align separate departments and improve workflows, resulting in significant bottom- line savings. Examples of specific business benefit s include:
An ERP software breaks information silos and helps facilitate knowledge from one department to another. It also provides real- time information that helps the business monitor functions happening inside the work- premises. ERP system brings automaticity that speeds up the manufacturing process.
There are some certain signs that a new ERP is needed like:
ERP should be able to take the best of the business processes you’re using now and bring them together under one system, while letting everyone in your organization view the same information. This is where your choice of at technology partner is important. 7IPL provides the service of ERP software. They do lead generation in providing software demonstration. They are specialized in Sales and Marketing of ERP Software and do the implementation of the ERP Software as well as provide services and support.
7IPL provides the service of Enterprise Resource Planning that have 15+ years of excellence in software and information technology. We provide all types of technology solutions including development, maintenance and support. We do provide different cloud services such as- sales, service, marketing, community, and app. We connect to the customers in whole new way.
7IPL is an ISO certified company having its global footprints in the country like USA, UK and India. We are an awesome team of builders, creators and sloggers and we love to work together. We have presence in the different industry including- BFSI, Staffing, Retail, Logistics, Manufacturing, Healthcare, IT- ITES and Education. We are trustworthy and are the choice of the customers.