Advantages of ERP

ERP is a management concept that involves management of resources to achieve best efficiency and profitability. This involves real-time monitoring of core business processes and so, ERP is done using software. ERP software primarily offers to avoid repetitive entries and work by using a single database and consistent user interface across modules. For example, Sales and Purchase transactions would update the Accounts, Receivable and Payable details, Stock, Discounts, Reorder positions, promotion schemes, update customer details, loyalty points etc, in other words, a single entry would be posted and update information across the entire range of modules. So the user can simply enter transactions as they happen, but can retrieve a wide rage of reports and critical information to help them operate their enterprise efficiently.