What is ERP and How Does it Work

A Library of ERP Software Information

What is ERP and How Does it Work?

ERP stands for Enterprise Resource Planning and is an all-in-one business management system with features to manage all aspects of a company’s operations. This includes functionality for accounting, finance, inventory management, order entry and processing, purchasing, warehouse management, customer relationship management, eCommerce and more. As an all-in-one solution, ERP software is a great fit for businesses looking to grow their business and move away from introductory systems (such as those designed specifically for accounting), manual processes and spreadsheets. Instead, ERP software helps to automate processes across all departments and reduce manual work.

ERP Software is sometimes referred to as Inventory & Accounting Software, Business Management Software, Wholesale Software and Distribution Software.

ERP Software Buying Guide

ERP Pricing Guide

From choosing the right type of software, to comparing different vendors, to understanding pricing – download this guide to help you on your software search journey.

This guide takes an in-depth look into different software pricing tiers, features, and functionality that influence costs, a real-world example of what costs to expect and how to implement ERP software on a budget.

More About How ERP Works

Cloud-based ERP

Cloud-based (also referred to as SaaS or Hosted) is one option for using ERP software. Instead of installing the software on your own local hardware and servers, you access the system via the cloud (over the internet) and the software vendor is responsible for managing the physical hardware and servers and all associated “IT stuff”.

The Difference Between SaaS & On-Premises

Cloud vs. On-Premises: Cost Comparison

Learn more about the technical differences between a SaaS (cloud-based) software solution and on-premises and what is involved to use and maintain both types of systems.

Compare the initial and on-going costs of cloud-based and on-premises software and why cloud-based solutions make sense for small-medium size businesses.

Is ERP Right for Your Business?

Reports Every Small Business Needs

How to Get Started with eCommerce

Learn about the critical reports created by ERP software that your business needs to be successful such as profit and loss statements and exception and inventory management reports.

Learn more about how to get started selling online through B2B, B2C and marketplace (Amazon) channels, and the importance of integrating online stores with back-end ERP software.