Enterprise resource planning (ERP) is a software system.
- ERP software solutions enable a company to integrate all of the processes necessary to run a successful business.
- ERP involves gathering and organizing business data through the use of a software suite that includes applications that automate common business functions like sales, production, accounting, and quoting.
- ERP is a process that businesses use to manage and integrate critical aspects of their operations.
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Financial management
A financial management system is the software and methods used to manage income, expenses, and assets of an organisation. of addition to supporting everyday financial operations, the objective of a financial management system is to maximise profits and maintain long-term enterprise viability.
Customer relationship management
Customer relationship management (CRM) is a system or software that helps firms monitor and analyze interactions with customers. CRM's purpose is to improve customer service, retention, and sales growth
Human resources
A more specific definition of human resources (HR) is the group of people who work for a company, industry, or economy. Human capital, on the other hand, refers to the knowledge and abilities that an individual possesses. Terms like manpower, labor, or staff are also related.
Analytics and reporting
Analytics is the process of analyzing data to identify patterns and gain insights. Reporting is the process of gathering and presenting data in a structured format such as graphs and tables.Using techniques such as predictive.
Supply chain management
Supply chain management (SCM) is, at its most basic, the process of managing the movement of materials, information, and funds associated with a good or service, from the acquisition of raw materials to the product's delivery to its destination.
The phases of the iterative ERP development process
- Define project requirements
- Choose a technology stack
- Assemble a team
- Create a project plan
- Develop database and software architecture
- Implement core functionalities
- Test and improve