What is ERP?
Enterprise Resource Planning
Enterprise Resource Planning, also known as ERP, refers to all-in-one software that manages your day-to-day business operations, finances and accounting. It enables the proper management of your daily operations, streamlining procedures and coordinating activities which helps you focus on the big-picture.
ERP is considered critical by businesses of all sizes. Essential to daily operations, productivity and record keeping of countless organisations, ERP software enhances efficiency and accuracy to save considerable amounts of mistakes, oversights and delays.
For smaller growing businesses, ERP may seem like an unnecessary addition. While you may take care of all activities, records and data across multiple separate systems, many business owners find that they struggle to keep track of everything as their business grows. From adding employees to expanding product offerings and sites, ERP software helps you integrate all of your processes, systems, data and activities into one system that works to support your success. ERP provides smaller growing businesses with a way to ensure all employees have fast access to the resources they need to grow your business, enhance productivity and complete reporting with confidence and accuracy.
For most large company’s ERP becomes the backbone of the business and is integral to their core strategies. Able to be customised to suit the requirements of each individual business, ERP supports businesses of all sizes with precision and reliability.
- ERP software provides intelligent information for making better business decisions.
- Uses intelligent information for automating business processes.
- Passes information from one process to another and back again, ultimately integrating your whole business.
ERP software will provide you with a comprehensive, fully integrated business system. As an example, Purchase Requisitions Module links. e.g. stock levels, customer backorders, job production needs, trading pattern, expected growth/downturn, manufacturing capacity, existing supplier orders etc.
Example of ERP Purchase Requisitions Module Links
An essential part of good ERP software, and one of the most difficult aspects, is to balance its innate comprehensive nature with flexibility and ease of use. Every business is different, has different process, different ways of operating and at different stages of growth and development. For this reason, good ERP software such as Triumph provides end users with a clear, clean, easy to use interface. Free from unnecessary complications and functionality that’s not required for current operations. It does this by having options that can hide non-required functionality, and other options to match exiting work flows.