What Is Meant By Enterprise Resource Planning?

If you ever felt like managing a business was too much work for a small group of employees (or even worse, a single person!), you were most definitely not alone in feeling that. The fact that businesses nowadays have so many aspects to focus on means that most of the time, only a set of employees can freely focus on what the business is actually about – the rest is often left to do other menial, routine work. If you think about it, that state of affairs is not something every business can afford – and in fact, technology and developers have caught on to the fact. 

The answer that technology came up as a result was ERP software Hong Kong – Enterprise Resource Planning software. From the above gist you might already have an idea of what this specific type of software is capable of achieving: as you would guess, it can take care of core business processes like customer relations, inventory, and sales, human resource, accounting, etc. that ensure that a business can sell its services or products to customers. Of course, the software is not a single database or program, but rather a suite of applications, much in the way the Microsoft Suite consists of word processor, spreadsheet, presentation and other related software for office work. And just like the latter, business owners have the chance to select specific applications, purchase a number or purchase the entire suite to suit their needs and wants. 

The above simplistic explanation of ERP systems can easily tell you how advantageous these would be for the average business. To go into further details, their major benefits could be summed up as follows: 

  • Efficiency – ERP suites remove the need for employees to work on superfluous activities, and instead allow the said employees to focus on innovation and related processes aimed at improving the business itself. 
  • Cost-effectiveness – cost-effectiveness arises as a result of streamlining company processes, as well as removing the need for more employees – and thereby removing the need for more space, funds, etc. to cater to those employees. 
  • Cooperation – by encapsulating all core processes of the businesses within a single set of applications, ERP enables better connectivity between the different departments and individuals of the business, which improves cooperation within the business and also contributes to a better working environment. 
  • Security – and finally, the fact that every core process of the business is done through ERP means that all the important data and information related to the business can be easily guarded against security threats, as well as protected from possible hardware and software failures through regular backups and patching.