ERP stands for "Enterprise Resource Planning". It's type of software or system used by a business to plan and manage daily activities such as sales, operations, supply chain, manufacturing, marketing, financials and other processes. Enterprise Resource Planning software are integrated across accounting, procurement, project and human resource management, production and quality management. ERP helps organization to automate and simplify processes.
ERP can be used to effectively communicate and bring together a variety of business processes. In today's life ERP systems have become equally essential for small, medium and large organizations. ERPs connect every aspect of an enterprise and allows for better performance and project management that helps plan, budget, predict and accurately report on organization's financial health.