Basic functions of ERP are as follows:
- Supports the integrated business process inside the organization.
- Improves capital planning and helps in executing organizational plans and strategies.
- Helps speed up the decision-making process over the analysis of accurate data.
- Helps extend the business network to wider domains, expanding the products and services to reach more customers, suppliers, and partners.
- Identifies operational risks to improve governance.
- Provides protection against organizational data breaches and security threats to leakage of information.
- Makes the organization adaptable to the rapid changes in the business process according to the needs.
- Gives long-term profit by providing means to increase the customer base.
These are five key ERP functions any business can look for:
- Automating processes
- Enterprise Analytics
- Integrated CRM
- Improved Mobility
- Integrated Web
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