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Erp is an organizations management system which uses a software application to incorporate all factects of the business and automate and facilitate the flow of data between critical back office functions, which may include financing, distribution, accounting, inventory management, sales, marketing, planning, human resources, manufacturing and other operating units. In turn ERP is designed to improve both external customer relationship and internal collaborations by automating tasks and activities that streamline work process, shorten business process cycles, and increase user productivity.
A method for standardized processing an ERP software application can both store and recall information when it required in a real time environment. Companies often seek out ERP software systems to point out and mend inefficiencies in a business process or when a number of complex issues exist in the business environment. Software systems are also implemented to enhance operational efficiencies achieve financial goals, manage and streamline the company’s operational process replace an existing ERP software system that is out of date or unable to handle a company’s daily activities or improve information management through better data accessibility, decreased data duplication and optimal forecasting features.
