A comprehensive ERP solution also includes business performance management, which helps in planning, budgeting, forecasting, and reporting financial results at any time and in any activity.

At its most basic level, ERP helps to efficiently manage all these processes in one unified system.

It integrates into a single, accessible database all the functions of a business, such as:

• Warehouse Management
• Production Circuit
• Circuit of Purchases – Sales
• Financial Management
• Customer Management
• Accounting Circuit
• Configuration tools
• Reporting

Six key benefits of ERP systems

A sound ERP system offers many advantages, varying depending on how the system is developed and implemented.

However, there are six significant benefits recognized in all modern ERP systems:

1. Higher productivity: Streamline and automate your core business processes to help everyone in your business do more with fewer resources and make fewer mistakes.
2. More profound knowledge: Get a single source of information and get fast and authoritative answers to critical business questions.
3. Accelerated reporting: Fast business and financial reporting and easy sharing of results. Act on insights and improve performance in real-time.
4. Simplified IT: Using integrated ERP applications that share a database can simplify IT and make everyone’s job easier.