HR Glossary

ERP

Enterprise resource planning (ERP) is a software that integrates all core processes into one whole. There are different departments in a company from finance, HR, supply chain to manufacturing, services, procurement and others; and these cannot be documented in various excel sheets and then made sense out of it. Rather, single software that stores all company data into one and gives you a proper metric to find out actual growth is what ERP stand for.

It is a power packed strategic business process management tool meant purely for the owners or employers to check and plan their growth strategies in a streamlined manner. In today’s competitive world all companies face one challenge and that challenge is to streamline and have access to correct data’s anywhere anytime. Employers get access to all back office paper work in one real-time data that helps in better productivity from its employees and saving many man-hours in sorting files and paper work.