Enterprise resource planning (ERP) is a process by which a company (often a manufacturer) manages and integrates the important parts of its business. An ERP management information system integrates areas such as planning, purchasing, inventory, sales, marketing, finance and human resources. ERP is most frequently used in the context of software. As the methodology has become more popular, large software applications have been developed to help companies implement ERP. The ERP software functions like some a central nervous system for a business. It collects information about the activity and state of different divisions of the body corporate and makes this information available to other parts where it can be used productively. It helps a corporation become more self-aware by linking information about production, finance, distribution and human resources. ERP connects different technologies used by each individual part of a business, eliminating duplicate and incompatible technology that is costly to the corporation.
As per the below bar graph, Custom ERP Development is way ahead to other available ERP solutions in the market.
55 % Of ERP Cost Overruns
These are many many functions available in our ERP solution. We can only list here few -