ERP-Enterprise resource planning is the integrated management of main business processes, often in real-time and mediated by software and technology.
NetSuite is a cloud-based SaaS ERP running on Oracle databases, particularly aligned with small to medium enterprises. NetSuite also has a One World version accommodating businesses operating across multiple countries and currencies and/or with multiple subsidiaries.
Enterprise systems are beneficial to companies regardless of size or industry. In recent years, small- to mid-sized companies have fueled most of the growth in the ERP industry. While large enterprises dominated ERP usage in the past, niche solutions have made it possible for smaller businesses to implement an ERP system. Companies pursuing digital transformation often implement software to enable their digital strategies. These companies use technology to create new business and operating models. Their goal in implementing new technology is to improve data insights and the customer experience.
Customer relationship management (CRM) software is a type of enterprise software that automates the sales and marketing functions of a company. Many vendors include CRM software in their full suite of solutions, but some companies take a best-of-breed approach. They’ll implement a CRM system from another vendor and integrate it with their main system.
While ERP has the potential to provide numerous business benefits, it can also be a risky proposition. If not managed properly, ERP projects can cost more and take longer than expected. They can also cause operational disruption and employee resistance.
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