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Demystifying SAP: What is ERP?

ERP stands for Enterprise Resource Planning. Think about all the core processes needed to run a company: finance, HR, manufacturing, supply chain, services, procurement, and others. At its most basic level, ERP integrates these processes into a single system. But new ERP systems are anything but basic. They provide intelligence, visibility, analytics, and efficiency across every aspect of a business. Using the latest technologies, ERP systems facilitate the flow of real-time information across departments and ecosystems, so businesses can make data-driven decisions and manage performance.

The benefits of ERP An ERP system is made up of enterprise resource planning applications (“ERP modules”) that talk to each other and share a database. This means you can eliminate information silos between departments and give everyone a single source of truth. Your system can automate your core business processes and help you ensure regulatory compliance, reduce risk, fast-track reporting – and so much more.

ERP system examples ERP systems usually include applications for accounting, human resources, sales CRM, and supply chain management. But you can combine different modules to better meet your needs. For example, you could add ERP components for e-commerce, inventory and order management, and fulfillment. Or include applications designed for a wide range of industries, from manufacturing to retail.

SAP S/4HANA - intelligent ERP An intelligent ERP solution that enables companies to capture every opportunity in today’s digital world, SAP S/4HANA removes common obstacles associated with legacy ERP applications, such as batch latency, complex landscapes, and manually-driven processes.

  • Digitize your finance processes - Understand financial performance in real time, so you can optimize finance processes – from planning and analysis to period end close and treasury management.

  • Take control of your supply chain - Increase visibility and agility across your digital supply chain by leveraging machine learning for logistics, manufacturing, and asset management.

  • Stay ahead of your procurement needs - Use intelligent applications with machine learning to improve supplier management, streamline purchasing, and deploy collaborative sourcing and contract management.

  • Manage product lifecycles more effectively - Develop a fully-aligned product portfolio that allows you to manage lifecycles, control production costs, and deploy resources effectively from across your organization and beyond.

  • Achieve insights across your business - Get a complete picture of operations and use customer insights to help marketing, sales, and service teams work more productively, grow revenue, and accelerate opportunities.

  • Develop industry-specific functionality - Meet the specific needs of your individual organization by customizing your core system without the typical challenges of integration and custom coding.

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