What is ERP software? The short definition is, enterprise resource planning or ERP solution is a suite of applications that manages core business processes, such as sales, purchasing, accounting, Human Resource, customer support, CRM and inventory. It’s an integrated system as opposed to individual software designed specific to a business process.

Using a centralized database, ERP helps businesses collect, store, manage and interpret data from various business units. Likewise, ERP is used to automate back-office tasks and streamline cross-departmental workflows. When optimized, the solution can drive efficiency, lower costs and increase profitability.  

In this article, we’ll guide you on ERP fundamentals beyond the definition of ERP software to aid you in your purchase journey. We’ll answer basic questions as: 

• What is ERP software?
• What does ERP software do?
• Why use ERP software?
• How does ERP software work?