Enterprise Resource Planning (ERP) is software specifically designed to increase the efficiency of an organization. ERP solutions integrate the many moving parts of your business into a consolidated dashboard.
With a single point of connection, the sharing of information and data is exponentially easier and more reliable. When data input is handled fewer times, the risk of mistakes is greatly reduced. This, of course, gives the decision makers of your business peace of mind knowing that the information they are using to make daily, and sometimes hourly, critical decisions is dependable. A good ERP tool establishes, integrates and regulates the business processes necessary to efficiently plan and control an organization.
Common ERP software include NetSuite, a software used by over 40,000 organizations, and Odoo, an open-source ERP software. Open-source solutions like Odoo particularly lend themselves to highly customized products because developers can modify the source code according to unique customer requirements.