What is ERP software and what is it useful for?

ERP

If you are reading this article, you might not be familiar with the term ERP.

Hence, we need to start speaking about the most important thing. The acronym stands for “Enterprise Resource Planning”.

In few words, ERP software is an information management system for businesses.

Basically, its task is to facilitate the management of a business in all its areas: HR, billing, collections, etc.

Why is it useful to implement ERP software?

Implementing software with these features will help you administer your business and it will provide an advantage regarding other companies which do not use this type of tools.

This is due to the fact that it will enable you to automate every management process, to have a better control of what is done and to save money, therefore turning your business into a more competitive one.

The purpose of ERP is to offer faster response times in order to help clients and to manage information in an efficient way so as to improve the decision-making process and therefore minimize mistakes and costs.

There’s a large variety of ERP softwares in the market, some of them thought for big companies and others which can be adapted to the needs of SMBs (small and medium-sized businesses).

When choosing which ERP is better for your company, we suggest you have these things in mind:

The best you can do is choosing an ERP that can operate together with CRM (Customer Relationship Management) or Project Management tools, since this will automatically make it more efficient.

Besides, the following are essentials:

  • Bills issuance
  • Collections computing
  • Automatic payments reminders
  • Cash money and receivables count

 

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