Aug 11
5
What is the definition of ERP
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ERP software is a concept to provide computerized solutions for integrating and automating business processes across company’s back offices.
ERP abbreviation is E-Enterprise R-Resource P-Planner.
Back Offices: Different departments like finance, logistics, marketing, human resources in a company are called Back offices
Advantage of using ERP in a company: Companies could see a cost reduction. Better efficiency in the way they operated with their business partners. Users in a company can access and process the information efficiently.
Business Partners: Business partners of a company include it’s customers, providers, banks and authorities
Some of companies developed ERP software are as follows….
| S.No | Vendor | Percentage of Market share |
|---|---|---|
| 1 | SAP | 30.33 |
| 2 | Oracle Applications | 21.38 |
| 3 | The Sage Group | 17.44 |
| 4 | Microsoft Dynamics | 14.25 |
| 5 | SSA Global Technologies | 7.22 |
