•ERP is an information technology industry term for integrated, multi-module application software packages designed to serve and support several business functions across an organization.
•A strategic tool that helps the organization improve operations by integrating business processes and helping to optimize the allocation of available resources.
•These systems are commercial software packages that facilitate collection and integration of information related to various areas of an organization such as finance, accounting, human resources, inventory, procurement, and customer services.
•ERP acts as a core information centre of the organization that leads to better understanding of its business, direct resources, and plan for future.
•The systems enable the organization to standardize and improve its business processes to implement best practices for their industry.
•The popular ERP packages in the market are SAP, Oracle Financials, BAAN, Peoplesoft, and JD Edwards.
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