ERP, or Enterprise Resource Planning, systems ensure cross-functional support for all business processes that occur in an organization. As a result, it includes modules for all aspects of the business, including as sales, controlling, production, procurement, human resources, and asset management.

The ERP system's data, for example, can be utilized to calculate a company's key performance indicators in order to meet its business objectives. By optimizing organizational structures and workflows within the company, ERP systems help to save time, money, and effort. Furthermore, the stem serves as the key management tool for a company's overall business management.

However, today's ERP systems are far from simple and bear little relation to ERP from decades ago. They are now offered over the cloud and employ cutting-edge technology such as artificial intelligence (AI) and machine learning to enable intelligent automation, increased productivity, and real-time visibility across the business. Modern cloud ERP software also connects internal operations with business partners and networks all over the world, providing businesses with the cooperation, agility, and speed they require to compete today.