Enterprise resource planning (ERP), a software tool to optimize business process management, allows organizations to use an integrated system to manage and automate many business functions. By employing cloud computing platforms, a company can take its ERP to the next level and provide a more flexible and scalable management solution.
This type of automation permits managers and owners to get a cohesive and instantaneous view of business functionality, including processes and resources from which to draw inferences. ERPs also simplify information flow between departments, resulting in an integrated and unified platform generating less disparate information.
Cloud ERP is growing fast, especially within the service industry where it is driving the bulk of new revenue growth. Considering this progression, it is apparent that cloud ERP is essential to the modern business, from global multinationals to small-to-medium enterprises. Any size organization can exploit these systems, as subscription-based billing can be customized to suit any budget.
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