What is ERP?
ERP stands for Enterprise Resource Planning. The term describes the entrepreneurial task of controlling and planning equipment as needs-based as possible. To fulfill this task, many companies use an ERP system. The company software makes it possible to map all business processes and their relationships efficiently.
ERP offers medium-sized companies, in particular, many advantages that enable them to position themselves successfully for the future. Find out more below about the advantages and functions of ERP, for whom an ERP system is suitable, what an ERP implementation looks like and what costs companies will incur as a result.
The development of ERP in recent years
ERP has been around the term and software class for more than 40 years. But the industry has been undergoing radical change for many years. While in the past, an ERP solution was only used in large companies with a professional IT department, today, ERP is also becoming increasingly interesting for small and medium-sized enterprises (SMEs). The reason for this is modern cloud ERP systems, which are considerably more flexible in terms of implementation and scalability. The computer world dubs these ERP platforms “new generation of ERP” and Gartner as “postmodern ERP software.”
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Modern and interface-based cloud technology enables medium-sized companies to benefit from modern cloud software easily and relatively quickly. This way, SMEs can structure their entire business processes efficiently and transparently. They can also connect modern microservices such as PayPal and marketplaces such as Amazon to the ERP software.
Which advantages does ERP offer?
Many companies use different software solutions to organize their business tasks. Disadvantages include time-consuming additional work, a lack of transparency and an increased risk of errors. Companies that operate ERP with a single system in the cloud benefit from many advantages and thus stand out from the competition:
- high reliability with a low capital commitment
- high efficiency with little stress for the employees
- high data quality and security with high productivity
- low maintenance costs thanks to cloud technology and modular design
- optimal flow of information – across departments
- Location- and time-independent access to the ERP system
- Uniform database for mapping the processes of all company areas
- fast and uncomplicated integration into the operational process
- clear reports in real time
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For which companies is ERP suitable?
While mainly large companies used ERP software in the past, today, many small and medium-sized enterprises (SMEs) also rely on such business software. Cloud technology also makes ERP affordable for these companies, allowing them to benefit from the positive effects of an ERP program. However, an ERP system can only bring the desired benefit if industry-specific requirements are also met. That’s why leading ERP providers provide industry solutions. Above all, companies from the following industries use ERP software today:
- ERP for retail
- ERP for e-commerce companies
- ERP for e-business
- ERP for service providers
- ERP for production companies
- ERP for mechanical engineering companies
- ERP for logistics companies
- ERP for the construction industry
- ERP for other industries through
- individual adjustments