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The acronym ERP stands for enterprise resource planning. It refers to the systems and software packages used by organizations to manage day-to-day business .
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What Is ERP? • It refers to the systems and software packages used by organizations to manage day-to-day business activities, such as accounting, procurement, project management and manufacturing. • ERP systems tie together and define a plethora of business processes and enable the flow of data between them.
What Are The Types of ERP? On-premise: A traditional ERP software, or on-premises ERP, has a database that resides on an onsite server and hardware. It is managed by the IT staff of the company which has got it implemented.
Cloud: A Cloud ERP is provided as a service and hosted on vendor’s servers. In this case, the software and its data is managed centrally at a remote datacenter (internet "cloud") by the ERP vendor and accessed by customers through a Web browser.
Hybrid: A hybrid ERP solution is the combination of the two ERP – on-premise & cloud. By opting for a hybrid ERP, a company can adopt cloud applications while also retaining its on-site ERP resources.
What are benefits of an ERP to businesses? Streamlined processes Improved productivity & efficiency Enhanced business visibility Quality analysis & reporting Reduced costs & risks Industry & regulatory compliance
To Know more detailed information about the ERP Software visit the below link. https://www.wingsinfo.net/