Enterprise Resource Planning (ERP) Software
What does ERP stand for and how can it help your business?
Are you wondering, “what does ERP stand for?” ERP is an abbreviation for Enterprise Resource Planning. When talking about a computer system, it refers to a program linked to a central database. Its goal is to simplify business processes, such as inventory/order handling, accounting, HR and project management, and improve communication among departments.
They give users a detailed view of what’s happening inside a business. Real time reports answer questions like:
- How much are we product are we making?
- How much inventory do we have?
- How many orders are awaiting shipment?
Most ERP packages are modular, meaning that there is a section (module) that contains all the functions for each department. For example, finance, HR or manufacturing. In the past, most workers would only be given access to the module that matched their role. But, with today’s modern, cloud ERPs there’s been a shift towards giving users access to the whole system for improved communication and teamwork.
Brief History of ERP
ERP systems first came out in the 1990s as an answer for manufacturing companies that needed a better way to manage their inventory and supply chains. As Y2K drew near and businesses saw the need for streamlined computing, ERPs became more popular. And, as their popularity grew so did their uses. Once used mainly for manufacturing, ERP systems now touch almost every area of a business. They help accounting with everything from cost management to accounts payable. Customer service can use them to track and handle call center support, self-service portals and service goals. Manufacturing workers count on them to handle capacity planning and bills of materials. Management depends on ERP systems to give them the data they need to see how well the business is doing and what might need to adjusted.
Like most other items you buy, a laptop for example, many ERP systems share similar features, regardless of which vendor designed it. At the most basic level, they all are made up of various applications supported by a single database. All ERPs also run in real time, which means data is updated automatically. For example, if a customer service employee takes an order from a customer, inventory data will immediately be changed to reflect the sale.
Also, the user interface of each ERP generally looks similar throughout the whole system. So, the screens your finance team sees will look like what employees in HR see.
Signs your business needs an ERP
- Important data is stored in several places, making it hard to find the information you need.
- You are having trouble keeping up with demand even though you’ve added staff
- You are constantly reentering data into various systems
- Your current data gives an incomplete picture of the business
- You are using historical reports to make decisions, instead of real time information
Sound familiar? It may be time to make the switch to an ERP system. QuickBooks user? Here’s our specific upgrade advice for you.
We offer many ERP choices for small and medium sized businesses.
Born in the cloud, Acumatica is a unique cloud and browser based ERP solution designed specifically to meet the needs of small and medium sized businesses (SMB). This one of a kind business management software solution works with all the most popular browsers (IE, Chrome, Firefox and Safari). And, offers a variety of purchase options including a SaaS subscription, on premise (traditional) or hosted.
Microsoft Dynamics 365 is the next level of intelligent business software. It gives businesses the freedom to adapt, grow, and reinvent themselves. Bring together disconnected ERP and CRM with new productivity focused apps that work as one to help you manage your business. Delight customers, empower employees, simplify operations, and reach your growth goals, all on a modern, flexible cloud platform.
Automate and streamline your business’ finances with this full featured software. Its robust abilities include financial management, distribution, project accounting, HR management, manufacturing, business analytics and field service management. This popular ERP can be installed on your own server, a combination of both. And, if your business has unique needs, our experienced consultants can customize Dynamics GP for you.
If your organization is focused on distribution or is project driven, Dynamics SL is a complete ERP/accounting package that can help modernize processes, connect project management and accounting across divisions or locations and deliver actionable insight. Whether you simply need basic finance and distribution capabilities, or you have more advanced needs that include project management, supply chain management, or manufacturing, Microsoft Dynamics SL can be tailored to suit your specific needs.
Now that you know the answer to the question, about what does ERP stand for, are you ready to find out which of our ERPs is best for you? Great! Call (336)315-3935 or fill out the form on the right side of the screen to send us an email.