What is ERP? – ERP Software Explained

What is ERP? – ERP Software Explained

What is ERP Software?

Businesses are akin to a human body with various organs. Organs are the different processes of a company. Just as the human brain controls the entire body, ERP software controls various processes. It is the main command and control center that allows for smooth business functioning.

ERP Software Full Form

ERP stands for “Enterprise Resource Planning”. The name itself tells you that it is used to manage(plan) the various resources of the organization, viz. Machines, humans, Inventory, and others. There are many ERP software in the market like SAP, Epicor, Sage, Microsoft Dynamics 365, and others.

How ERP Software works?

An enterprise resource planning (ERP) is a modular system. This provides it with a flexibility like none other. An ERP consists of modules for core business functions, which together connect to a single database. Since they all interface with a unified database, any changes are reflected across the modules.

For a business, this means,

• Accurate data across business areas
• Faster decisions
• Increased operational efficiency

SAP Business One comes with modules dedicated to production, finance, sales, and so on. The default set of modules covers most of the functionality businesses would ever need. Additional functionality can be plugged into an ERP software with the help of integration with other specialized pieces of software, like point of service (POS), analytics (Power BI), and more.

Why ERP is important for a business?

ERP is the brain of the business. An ERP is important for a business and cannot be substituted. Having a strong ERP solution like SAP Business One helps to;

1. Deeper Insights: Modern businesses don’t just need more data; they need better insights. SAP Business One provides a deep understanding of the businesses by unifying all the processes. This leads to less time hunting and more time strategizing. An ERP is your best partner in navigating through the business challenges.

2. Enhanced Productivity: Without doubt, the number one reason for implementing an ERP system is to experience an enhanced efficiency level. An ERP minimizes manual work, streamlines, and automates processes – all of which lead to enhanced efficiency across the organization.

3. Risk Management: A business needs to mitigate and control the threat of existing risks. An ERP software handles compliance to enable businesses to not only protect themselves from potential pitfalls but also enhance their credibility.

Why SAP ERP is best?

SAP is the largest ERP manufacturer in the world. It enjoys the confidence of the biggest customer base globally across its various ERP solutions. SAP Business One is by far the most popular ERP solution, with over 82,000+ businesses trusting it across the globe.

SAP ERP is best in the business for a reason. There are many SAP Business One features that makes it stand out. Let’s have a look at the key ones that make SAP Business One the ERP of choice across industries.

Further, unlike other ERP solutions, which come and go, SAP Business One has a solid future ahead. With constant SAP backing, SAP Business One is here to stay. SAP Business One End of Life, is not happening as the rumours preach.

ERP Deployment Models

A flexible ERP deployment model ensures that it matches your requirements. Your ERP shouldn’t dictate your deployment choice; it should rather accommodate it. SAP Business One ERP deployment models are designed for flexibility.

1. On-premise: The traditional deployment model for SAP ERP has been on-premise. Under this model, the ERP is installed on the company’s local server. This offers absolute control over the infrastructure, but on the flip side, it also comes with the responsibilities of installation and ongoing maintenance.

2. Cloud: The most popular ERP deployment model today. When you opt for cloud deployment, your ERP is installed on a remote, third-party server. It would be accessed via the internet as a subscription service (SaaS). Here, the service provider will take care of all the maintenance, updates, and security. Cloud ERP benefits range from lower upfront costs, greater scalability, faster innovation, and easier integration.

3. Hybrid: As the name suggests, it is a mixture of the above two. Here, businesses can choose what resides locally and put the rest of the services on the cloud. So, for businesses wishing to have utmost data security, they can keep their database locally, while SAP is deployed on the cloud.

SoftCore Solutions – SAP Partner in India

Convinced of implementing an ERP? Choose the premier ERP – SAP Business One from the trusted SAP Partner in Mumbai, SoftCore Solutions. We have been providing SAP B1 ERP services for over 24+ years, aiding in the streamlining of processes and growing businesses. With over 1000+ businesses trusting SoftCore Solutions for SAP Business One, you cannot go wrong. Give your business the edge of an ERP with SAP Business One. Book a live demo today.

Frequently Asked Questions (FAQs):