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Reference Number: From:FOR/LHC/2016130Date:28 April 2016Subject:Enterprise resource planning (ERP) systems Private IndividualQ1Who is you current provider of Financial Systems support and implementation
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Enterprise resource planning (ERP) is a type of software that helps organizations manage and integrate important parts of their business, such as planning, purchasing, inventory, sales, marketing, finance, and human resources.
Organizations or companies that want to streamline their business processes and improve efficiency often choose to implement ERP systems.
To fill out an ERP system, organizations need to input important data related to their business functions, such as customer information, supply chain details, financial transactions, and employee records.
The purpose of ERP systems is to help organizations improve productivity, increase efficiency, streamline processes, reduce costs, and make informed decisions based on real-time data.
Information such as sales orders, purchase orders, inventory levels, financial transactions, employee payroll data, and production schedules must be reported on ERP systems.
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