In the old days, <a href="https://www.inbusinessworld.com/double-iron-consulting-challenges-family-businesses-face/">business</a> operations were often confined to a geographic area and managing employees was more straightforward in many ways. But today, business operations have become much more widespread even global, and <a href="https://www.inbusinessworld.com/dont-let-a-terminated-employee-go-rogue/">employee</a> <a href="https://www.inbusinessworld.com/complete-guide-to-ppc-management-services/">management</a> has become more complicated. Because of the increased complexity of business operations in general, companies use ERP <a href="https://www.inbusinessworld.com/what-makes-the-best-software-for-call-centers-so-beneficial/">software</a> to help them manage it all. Your business too could probably benefit from ERP.
<h2>What Is ERP?</h2>
ERP stands for enterprise resource planning, and it encompasses a host of functions. It’s basically a way to make sure that all the arms of your business are working in concert and to the overall benefit of the company. <a href="https://www.getgsi.com/jd-edwards/products/enterpriseone/" target="_blank" rel="noopener">JDE Software</a> is one such application platform that will give your company an edge over competitors when it comes to managing growth.
<h2>Employee Management</h2>
Employee <a href="https://www.inbusinessworld.com/dorado-management-services-educates-on-the-different-business-structures/">management</a> is one of the most <a href="https://www.inbusinessworld.com/mobile-friendly-website/">important</a> aspects of a company simply because it’s the employees who make the <a href="https://www.inbusinessworld.com/why-building-a-brand-is-vital-for-your-company/">company</a> what it is. Keeping track of things like hiring details, health insurance benefits, and payroll information is vitally important not only to the company but to the workers themselves.

Using ERP, the human resources department will be able to keep track of how certain departments are doing when it comes to retaining employees. If it’s found that a particular department is having trouble keeping workers, the company can take this information, look into the problem, and work toward finding a solution.
<h2>Accounting</h2>
Keeping track of a company’s finances can be challenging, but using ERP software can ease that burden by providing information about a number of financials. Information about accounts payable, accounts receivable, <a href="https://www.inbusinessworld.com/global-payroll-service/">payroll</a>, and other <a href="https://smallbusiness.chron.com/accounting-information-relevant-business-decisions-22765.html" target="_blank" rel="noopener">accounting information</a> is easily available to the company and relevant departments through ERP.

A cost analysis can also be made of any upcoming projects or initiatives. ERP allows a company to examine revenues and expenditures to make predictions about the costs of projects that may be in the works. Accounting is one of the most important aspects of a company’s success, so it’s important to have the tools to get it right.
<h2>Inventory</h2>
Another advantage of using ERP is that it allows companies to keep track of products in warehouses and other types of inventory. Inventory <a href="https://www.inbusinessworld.com/supply-chain-management/">management</a> is something that is vital to a company if it wants to maintain an adequate flow of products to customers and prevent shortages and even backlogs.

ERP is also a way for <a href="https://www.inbusinessworld.com/betting-companies-in-bangladesh/">companies</a> to identify inefficiencies in the <a href="https://www.inbusinessworld.com/supply-chain-management/">supply chain process</a> that can affect receiving supplies, production, and getting products out to customers. If one link is broken in the chain it behooves the <a href="https://www.inbusinessworld.com/looking-for-a-fulfillment-company-for-your-e-commerce-store/">company</a> to identify it and fix it before it leads to greater disruption for the company and customers.
<h2>Integration</h2>
ERP software allows for a business to become more streamlined due to the fact that it allows for a certain amount of transparency between departments and divisions. Information from the accounting department can be taken into consideration when planning a hiring event. Production inventory can be weighed against the number of employees working at a certain time.

Integration is also important when you consider that a number of businesses operate from more than one site. If someone isn’t physically in a location to monitor things like production levels and the efficiency of workers, the <a href="https://www.inbusinessworld.com/5-services-international-businesses-should-look-for-when-choosing-global-tax-services/">information</a> is still readily available to them. ERP is a tool that allows your business to operate as if it’s under one roof, although it may be located in several different cities.

<em>ERP software is important to any business that cares about being efficient and growing in a way that’s smart. ERP application platforms allow companies to manage areas such as employee information, accounting and finances, and inventory levels. One of the great things about ERP is that it allows for the integration of company operations, so employees at one company site have access to the same information as employees at another site. Considering the benefits of ERP, it’s easy to see why businesses use it.</em>