The acronym ERP stands for Enterprise Resource Planning, or "enterprise resource planning". ERP systems allow you to manage all business processes by integrating business processes into a single software.
The most recent versions of the ERP (second generation) have incorporated new functions within them, which by making use of new communication technologies, allow communication with the production and / or commercial process in real time.
Differences between ERP and management software
It is often used to confuse ERP systems with management software, however, there are differences and they are significant differences. Going into more detail, management software means an application that allows you to manage some business activities, with operational, managerial or strategic support. On the contrary, an ERP system is capable of managing all business processes in an integrated manner with operational, managerial and strategic support, in order to optimize work flows by improving the efficiency of company productivity. Hence ERP systems are an advanced and complete version of management software.
In summary, the characteristics of an ERP compared to a management system are as follows:
1. Modular structure, ERPs is systems composed of several applications, and this structure allows a very high customization, based on business needs;
2. Active control of the various process phases;
3. Integration of all functions, facilitating communication between the various company departments;
4. Ability to collect and analyze data, the new ERP systems present advanced Data Mining and Business Intelligence functions.
How to choose the best ERP system for your company
The choice of an ERP in the company is a very important moment for the growth and prelaunch of the company itself, involving all company departments. His choice is a very important decision-making process that requires an in-depth analysis, which begins by mapping all the organizational processes and identifying the business objectives.
We propose below 4 criteria to be followed when choosing the ERP Accounting Software solutions in UAE:
Technology, it is necessary to verify that the technology is suitable for your needs;
Functional coverage, it is necessary to check the level of support of the required functions;
Total investment cost, the life cycle of an ERP system is generally greater than 10 years, the commitment for its choice and its introduction into the company is greater than that of a simple management system;
Evolutionary capacity , in addition to functional coverage and technological updating, it is important not to overlook the evolutionary potential of the product.
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