Enterprise Resource Planning (ERP) plays an important role in business and requires employees to have the same understanding of the key components of ERP to function properly in any company.
Since the advent of desktop computers in the early 1980s, businesses have moved to computer technology at an ever-increasing rate. You can also look for the best ERP accounting system via https://dearsystems.com/features/finance-and-accounting/.
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The focus of computer technology in business has always been on increasing productivity through information management.
With the advent of the Internet and advances in networking and software technologies, businesses need to apply some form of computing technology to automate common tasks such as word processing, accounting, and employee Internet access, to more sophisticated software applications that cover all or more of the great business process.
These advanced software applications, known as ERPs, capitalize on computer technology and provide companies with deep visibility into various business operations so that they can quickly exchange information between organizations, departments, and employees for better management.
ERP is a loosely used term that primarily describes the software, but includes the hardware and software systems used by a company to collect, store, retrieves, and uses the flow of information through the company.
Therefore, the term ERP can be applied to microcomputers that use accounting packages (e.g. Quick Books) for tracking sales, inventory, invoices, and bookkeeping, to more complex ERP systems that handle business processes along the supply chain from production, distribution, retail, services, and ultimately customers who can be at the bottom or top of the supply chain.