Enterprise Resource Planning streamlines the business processes within all of the departments at your company. It connects workers as well as their ideas. It typically works with many different positions using one collaborative database. These systems greatly changed during the 1990s due to Y2K, and ERPs gave us the opportunity to ditch our old, cumbersome systems.
There are differences between ERP and CRM, for example, ERP systems have more functions than CRM systems. CRM systems are mainly used by the sales force and are customer-facing with plenty of targeted uses. ERP systems widely vary based on their scale, scope, and functionality.
But some of their features include enterprise-wide integration, real time operations, a common database and a consistent user interface. There are many categories for these systems based on the size of the intended enterprise. These softwares are valuable assets because they integrate financial information, provide customer insight, and standardize processes. Some notable benefits are internal efficiency due to streamlined operations and increased agility.