Enterprise resource Planning (ERP) provides an information system that co-ordinates all activities and resources of your business venture. It enables your business maintain a single database of information related to activities like manufacturing, supply chain management, human resource, customer relationship management and financial transactions. ERP support for your business can be of a common database type or can have a modular software design. Common database ERP support aims at storing and retrieving easily accessible, reliable and shared information for every department of your business. On the other hand, ERP software applications having modular design provide specific application for a specific department and keep the end open for collation and proper analysis of the gathered information.
Installation of ERP software at your business venture offers scores of advantages. With ERP support, you can have a common interface for different departments of your business. It can help you to have the best way to make your product/service through design engineering. Tracking information related to orders, revenue cycle, purchase orders, cost and profit is made easier with the help of ERP accounting software. These packages also help you to add security features in your business against both outside (industrial espionage) and inside (Embezzling) crimes. It makes your business immune to data theft.
The cost and functionality of ERP software packages vary a lot depending upon the purposes they are serving. Some software vendors have come up with small business ERP to cater the needs of small scale business ventures at a budget-friendly price. With online search, you can easily figure out a reliable ERP accounting software vendor who offers quality solution within your budget.