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SAP – ERP (Enterprise Resource Planning)

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Functions of ERP

ERP performs numerous functions, as discussed in the previous section, also. It starts from centralizing different modules of a business enterprise and automate the management of all the business processes internally. If we go for specific functions of ERP, the list is as below:

  • ERP supports the unified business process in an organization.

  • It speeds up the process of decision making.

  • Helps in executing strategies and plan and also improves financial planning.

  • Operational risk identification becomes easy.

  • Rapid changes are adaptable to the business.

  • Long term profitability assurance by increasing customer base.

  • It helps the business to expand to wider domains in the case of products and services.

  • ERP helps to reach more suppliers, customers, and partners.

  • It provides protection against data breaches, security threats, and information leakage.

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