In an organization, no matter how good the services are or how competent the employees are, if the management is not good it all goes into vain. So it is necessary to have a system that can keep a track record of all the activities and projects running in an organization.
ERP is elaborated as Enterprise Resource Planning. As the name suggests, it is a system made for planning and keeping a track record of day-to-day business activities. Talking in technical terms, ERP is software that manages all the activities related to project management, supply chain operations, risk management, procurement, compliance, and accounting. ERP covers all the major business activities of an organization. A full-fledged organization needs much more than just a management system. ERP is unique because it provides advanced features like enterprise performance management, planning, and predicting the budget and finances of the organization.
