Enterprise Resource Planning (ERP) software systems provide the central company-wide information system, integrating line of business applications across departments, divisions, lines of business and geographic locations into a central and shared company-wide information system. ERP software brings together five major types of business systems, including accounting & finance, manufacturing, supply chain management (distribution), HR & payroll, and Customer Relationship Management (CRM), in order to consolidate company wide data, automate cross-departmental business processes, shorten cycle times and enable real-time reporting.
We're now in the midst of our own ERP software implementation. In an upcoming article, we're going to take a look at our Enterprise Resource Planning (ERP) software system, which happens to be a cloud/SaaS ERP system, named SAP Business ByDesign. There's a interesting and independent review that discloses SAP Business ByDesign Strengths and Weaknesses at ERPsearch.com.
Not Just Financial Software
Our prior system was a mid-tier application called Microsoft Great Plains. It was often referred to as an ERP system, however, in our situation, it was largely limited to finance and accounting software - that is general ledger, accounts receivable, order entry, accounts payable, purchase order, fixed assets and some inventory management. We ultimately chose SAP Business ByDesign for two reasons. First, to get into the cloud. Second, we desired an enterprise-wide ERP system which included fully integrated supply chain management, human resources, payroll and customer relationship maangement.