Some examples of ERP software systems that are available in the market as of 2014 include Infor VISUAL ERP, NetSuite, Sage ERP, Microsoft Dynamics GP and SYSPRO. Enterprise resource planning, or ERP, systems are software that are used for the purpose of business management and integrating various applications. Some applications that are included in a typical ERP system are product planning and cost, manufacturing or service delivery, and inventory management.Continue Reading
ERP systems are used to give companies the ability to see business processes from a single integrated view. Data used on ERP systems are maintained through a common database that can track data on real time. An ERP system is commonly used to track business resources, such as materials, inventory, production capacity and liquidity, as well as business commitments such as customer orders and payroll. Data in a well-designed ERP system is used by multiple business departments that also provide the data for it.
The ERP system industry, as of 2014, is a growing, multibillion-dollar industry, as an increasing number of small-to-medium sized companies adopt ERP systems to increase efficiency. Previously, ERP systems were mainly used and designed for larger enterprises that required a unified data system to control their business operations.Learn more about Accounting