Finance - Technology
ERP
(Enterprise Resource Planning)
Core business software that joins functions such as finance, purchasing, stock, operations and HR
What's it for?
Keeps core business work such as finance, purchasing, stock and people information joined up in one system.
For example…
When a warehouse receives a delivery, the ERP updates the stock record and gives finance the information it needs to account for the purchase
An ERP records a customer order, reduces stock, creates the invoice and posts the accounting entries without separate teams re-entering the same data
Think of it like…
The central nervous system of a company: many limbs, one coordinated set of signals