There is a lot of buzz in the corporate word about this ERP, so what exactly is an ERP?
ERP is an abbreviation for Enterprise Resource Planning, which is an integrated software solution that helps to connect with various functions of different departments within an organization to provide centralized control and information.
In basic terms, it is an integrated software solution; the important word here is integrated, as there are number of standalone software available for a specific function. Best example is Tally, Quick Books – which are basic accounting solutions only and are not capable to provide high-end Business Intelligence reports.
There are numerous ERP Vendors promoting various ERP solutions, are all of them same?
Implementing ERP Software in an organization is long cycle process. It is not a plug and play solution like Microsoft Office, that one product fits all. ERP software’s are designed to meet the standard operational requirements of any types businesses/organizations, but operational requirements will vary from company-to-company, business-to-business based on the scope of operation, process and management style, these variances can be availed in the ERP by making apt and quality customization’s.
Hence, ERP Solutions are highly flexible/ customizable applications; it can meet the requirements of any businesses across the world. An Example – Imagine buying a car – now the basic purpose is arguably the same must have four wheels and should be able to transport passengers from one place to other. However, the user might need blue color car (Visual Appearance) similarly in software companies need software with rich interface. Some needs Sports model, off-road capable and some only need basic model, similarly companies needs software specific for their industry and tailor made to their needs. User may need JBL speaker and specific leather seats, which is like looking for high-end features in software package. If they are interested to have specific brand of speaker/music system or they might have specification of sound quality – in ERP, we have branded ERP/Global ERP solutions and other custom suites with same functionalities to meet the customer specifications.
The benefit of ERP is enormous as it is an integrated application, so, it can take care of all their operations under single system. In short, ERP is a solution used by small, medium and corporate level organizations to optimize, control and manage their day-to-day business operations. In the information age, the king is one who is having maximum information about their entire business, which will them him to process different levels of analysis and find out solutions to manage the changing business dynamics effectively for long existence and increased profitability.
BrainSphere IT Solutions is a marketing arm of FACTS, which is a leading ERP solution provider across the Middle East for past 15 years. Facts ERP can help you design and deliver your dream car as per your specification.