What is ERP?
An Enterprise Resource Planning (ERP) system provides an integrated suite of IT applications that support activities such as project management, human resource management, finance, procurement and other corporate core functions. Its purpose is to facilitate the flow of information between all business functions inside an organization and manage the connections to outside stakeholders. Built on a centralized database and normally utilizing a common computing platform, ERP systems consolidate all business operations into a uniform and organization-wide system environment. One of the most important activities associated with the implementation of an ERP system is the opportunity to streamline and improve the operations of an organization through business process reengineering and the implementation of best practices and standards.