What is Enterprise Resource Planning (Erp) Software?

An enterprise resource planning (ERP) system is a type of software that allows companies to manage all their different business functions—such as finance and accounting, sales, production and warehousing, among others—on a single platform.

For example, a mid-sized manufacturer implements an ERP software system that connects its inventory management, production scheduling, procurement, and accounting into one platform — eliminating manual spreadsheets, reducing errors, and giving managers real-time visibility across the business.

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