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  • What is ERP (Enterprise Resource Planning)?

    ERP Definition

    ERP stands for Enterprise Resource Planning. ERP systems are powerful and strategic business tools that manage information within an organization. Every company is unique. But all companies are the same in one way: they depend on accurate information to stay competitive in today’s business environment. An ERP system provides a real-time, global view of company information, from purchasing to production.


    What is an ERP System?

    What Is Enterprise Resource Planning (ERP)?  

    The ERP definition is easier to understand with a diagram, like this one. Here, you can see how ERP systems integrate all facets of an enterprise into one comprehensive information system. Employees in planning and scheduling, for example, have access to the same data as the staff in financial management for their specific needs. All data is available in real-time, which enables employees to make faster, more informed business decisions.

    How Does an ERP System Work?

    With ERP, all of your vital business functions—estimating, production, finance, human resources, marketing, sales, purchasing—share a central source of up-to-the-minute information. Simply stated, an enterprise resource planning system streamlines the collection, storage and use of your company data.

    Why ERP?

    ERP application development began in the 1980s, and customers quickly realized that these new systems brought increased efficiency to their companies. A 2015 survey by the Aberdeen Group reported that ERP is the single most implemented enterprise application worldwide. ERP systems are used in a broad range of industries and in companies with as few as 50 employees or as many as several thousand. Just think how an ERP solution could transform your organization. Epicor ERP software solutions deliver impressive benefits to companies of all sizes in a broad range of industries.

    Advantages of ERP

    Following installation, Epicor customers have reported the following benefits of their ERP systems including:

    • Increased agility across the entire enterprise
    • Seamless business operations
    • The elimination of redundant processes and systems
    • Increased speed for faster responses
    • The ability to make faster decision based on real-time data decision making

    Epicor is an innovator in the ERP space and one of the top ERP vendors. Our ERP systems are sold and supported by a company with more than 40 years of success in the domestic and international marketplace. Our deep experience in the manufacturing, distribution, retail, service, and other industries means that your organization will be guided by Epicor experts who truly know your business.

    What is Cloud ERP?

    You’ll be interested to know that cloud ERP software works the same as traditional ERP. The only difference is the deployment model. With cloud ERP, instead of hosting your servers and storage hardware on-site, your ERP provider hosts this for you. To access your ERP system, you simply sign in to a website “in the cloud” over the internet.

    Epicor stays current with new trends in the ERP space. Cloud-based ERP is bringing enterprise-grade security to protect today’s businesses, as well as a lower cost of ownership, ease of use and configuration flexibility. New adopters of cloud technology soon realize the power and advantages of cloud ERP. Another fast-growing trend is mobile ERP, which provides real-time access and visibility into your business information via your cell phone or other mobile device, no matter where you are in the world. Epicor delivers ERP in the cloud, on-premises, and as a mobile solution—whatever works best for your business.

    Whether you choose to deploy your ERP system on-premises, or in the cloud, Epicor will support you every step of the way as your business grows.

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