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ERP is an acronym that stands for enterprise resource planning (ERP). It's a business process management software that manages and integrates a company's financials, supply chain, operations, reporting, manufacturing, and human resource activities. As company's needs change and they expand, their systems should keep up with them.How does an ERP software affect our business?
Some ways that an ERP system improves financial management include: Accounts receivable Accounts payable Payroll Tax calculations Receipt tracking and filing Estimate discounts Purchase order preparation Tracking inventory values Profitability analysis Acquisition cost per customer