What is ERP? | TES
  • What is ERP?

Where it came from

Enterprise Resource Planning (ERP) was initially used to improve management and inventory control, until software vendors saw an opportunity to widen its scope and create a complete business solution that would transform the way businesses operate and integrate every key department within the one package.

 

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Key Benefits of ERP

Reduces Inefficiencies

Increase productivity by reducing duplication of work and dead-time

Effective Planning

Improve the efficiency of allocating and managing resources

Reduce Costs

Manage overheads and related costs to improve profitability

Review Client Activity

Improve customer service with a 360° view of client interaction

One System

Bring together islands of information and standardise core processes

Full Visibility

Measure your overall performance against the business’ strategic plan

THE COMPLETE SOLUTION

ERP’s holistic approach brings together financial management, production, fulfilment, human resources, distribution, sales & marketing, and centralised reporting into one system, increasing efficiency and reducing costs.

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Core FEATURES OF AN ERP SYSTEM

Financial Management

General ledger, cash book, fixed assets, accounts payable and accounts receivable

Business Intelligence

Resource planning, customer services, sales forecasting, lead generation, and marketing

Supply Chain Management

Purchasing & procurement, inventory control, goods in and out, goods inspection, claims processing

Human Resources

Including payroll, staffing and recruitment, training, time and attendance monitoring

Project Management

Time and expense management, costing, billing and invoicing, activity monitoring

Purchase to Pay

Material requirements planning, engineering, scheduling, project and process management