oboloo Glossary
Enterprise Resource Planning (ERP) is all about transactions: the buying, selling, moving and tracking of goods, services, money and information. Companies can use ERP systems to manage their transactions across different departments such as sales, procurement, inventory, ordering and finance. By connecting the various processes and operations within a business to create an efficient system, organizations are better able to track performance and generate reports that inform strategic decision-making. As businesses become more digital, their reliance on ERP transactions grows; they need technology that can provide insights into how their businesses work and where improvements should be made in order to gain a competitive edge.
