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While ERP systems grew from the manufacturing industry, it has grown to encompass all industries. Also, while there might be “enterprise” in the definition, small and medium sized business also can use ERP systems tailored specifically to their needs and growth projections.
What an ERP System Does:
At the highest level, ERP systems centralize critical business roles under a single program that has a consistent look and feel across all components. You often don’t get a clear picture of the specific functionality because the large number of ERP systems don’t always feature the same core features (also called modules). That said, there are commonality to a lot of the functions across the majority of popular ERP offerings.
New initiatives, large or small, within a company can be visible with the project management modules to ensure the deliverables are on time.
For marketing and sales functions, CRM modules help make sense of all your vendor and client information. Keeping detailed track of relationships makes sure your clients and contacts don’t fall through the cracks and don’t feel valued.
ERP systems house incredible amounts of data from different areas of your business. What does it all mean? That’s what Business Intelligence and Reporting can tell you. Aggregating, slicing and dicing the information can provide invaluable insight into the operation of your organization and the elements that make up the whole.