Why Enterprise Resource Planning Software?

Why Enterprise Resource Planning Software?

Enterprise resource planning (ERP) applications standardize, streamlines, and incorporates business processes across financing, human resources, procurement, distribution, and also other departments. Here is what you will need to know about those vital IT systems. Enterprise resource planning (ERP) applications standardize, streamlines, and incorporates business processes across finance, human resources, procurement, distribution, and other divisions. Typically the software works on a software platform which utilizes shared data definitions operating on a single database.

Evolution of ERP Systems

In 1990,'' Gartner created the term ERP to describe the growth of materials requirements planning (MRP) and manufacturing resource planning (MRP II) as they enlarged beyond manufacturing into other pieces of the business enterprise, on average finance and HR. ERP systems evolved rapidly through the 1990s in response to Y2K and the introduction of the Euro. Most businesses viewed Y2K and the Euro because the value of working, and ERPs provided being a cheap means to replace multiple, old systems with a standardized package which may also deal with these problems.

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