Enterprise Resource Planning (ERP) is a type of software used by organizations to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. A complete ERP suite also includes enterprise performance management, software that helps plan, budget, predict, and report on an organization’s financial results.

ERP systems integrate all facets of an operation — including product planning, development, manufacturing processes, sales, and marketing — in a single database, application, and user interface. The main benefits of ERP systems include:

• Improved business insight
• Lower operational costs
• Enhanced collaboration
• Improved efficiency
• Consistent infrastructure
• High user-adoption rates
• Reduced risk
• Improved agility