Modern ERP-Towards the beginning, when Enterprise Resource Planning (ERP) systems first came into the market, these systems were primarily designed for inventory management. Today, however, ERP systems are used to automate back-office tasks and streamline cross-departmental workflows. The modern ERP system has extended well beyond its original functions and now comprises of a full suite of integrated components that provide modern businesses with the tools necessary for streamlining operations. All of these components can become a bit confusing, especially if you’re not well acquainted with the software. To help with this confusion, we’ve compiled a handy guide to realizing the importance and benefits of each individual component.