Enterprise Resource Planning (ERP) software is a comprehensive system used by organizations to manage and integrate the core aspects of their business operations. ERP systems centralize data and processes from different business functions, such as finance, human resources, supply chain, manufacturing, sales, and customer service, into a unified system. This integration allows for streamlined operations, improved decision-making, and enhanced efficiency across the organization.

ERP Systems:

General Ledger: Manage financial accounts, track transactions, and generate financial statements.

Accounts Payable/Receivable: Automate billing, payments, and collections, and manage vendor and customer accounts.

Budgeting and Forecasting: Plan budgets, track spending, and forecast future financial performance.

Financial Reporting: Generate reports such as profit and loss statements, balance sheets, and cash flow statements.