You can’t run a business without ERP. The term itself stands for Enterprise Resource Planning, but in essence ERP is about pulling together all the functions involved in a company into one computer or system. Everything from purchasing raw goods to shipping finished product, even HR and Accounts Payable needs to be accessible and useable in order to correctly handle the basic reason for a company’s existence: to get a product or service out to the paying customer.
Whereas in earlier decades the processes involved in order fulfillment, purchasing, tracking, warehousing, shipping, and so on might have existed separately, the principle behind ERP is that it all lives on a central database, allowing for a clearer understanding of where a customer’s shipment and payment are at any given time.
For many decades the ERP process has evolved along with existing technologies and trends, and now, of course, it is moving to the cloud. Cloud-based ERP is not just simply about migrating data offsite; it offers the added conveniences that in-house data management cannot adequately provide. One such benefit is remote access, in which employees can call up or modify information on the fly from their BYOD and mobile devices. A second benefit of cloud-based ERP is its sheer versatility.