Video Transcript for What is an ERP?
Hi everybody, my name is Martin McNicoll, CEO of GURUS, and today I will answer the question: “What is an ERP?”
ERP stands for Enterprise Resource Planning. As per Wikipedia, it is a management software that integrates the core business processes of a company.
So, what does that mean?
Your company has all these departments or functions:
- Marketing and Sales
- Professional Services Automation or Service Delivery
- Warehouse and Inventory Management
- Shipping and Payment
- Product Planning, Purchasing
Think about a centralized software with all your business activities in one place, making it easy for all of them to communicate and share information.
This software tracks all your business resources and facilitates information flow between all departments and manages connections to the outside world.
With an ERP, you get a 360° view of your business in real time, everybody working with the same data, increasing productivity and reducing errors.
With the arrival of cloud computing, ERP systems have become more accessible to businesses of all sizes.
NetSuite has the tools to help you comply with payment formats to complete your operations with banks around the world, no matter the currency or the time zone.
And the best part is, if you are an existing NetSuite customer, you can install this bundle for free.
Thank you for listening. For more information on cloud based ERP, click on the links below, or check out my book, Scale Up Your Business with Cloud Technology: A Practical Guide to Building a Future-Proof Enterprise.
Follow us for more videos like this. Be sure to subscribe to our newsletter here.