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Enterprise Resource Planning (ERP) software can be described as a complete business software solution. It is aimed at the integration of all business processes and sub-processes into a single unified system.

ERP software packages are implemented to manage the existing and prospective business plans and policies in an efficient manner under strict deadlines. What makes ERP different from any other business solution package is the presence of a single and unified database system.

The more effective implementation and follow-up, the better are the results. ERP software is needed by all modern-day organizations, irrespective of the size, area of operations and business objectives.

Nowadays there are many ERP software packages available in the global market, including SAP, PeopleSoft, Oracle, J D Edwards, and BAAN.

The selection of an ERP software package is dependent on many factors: previous ERP software implementation, nature and size of operations, recommendations of consultants, and management decisions.

Before installing ERP software, a detailed study must be made and reviewed to match the business requirements with the available packages. This must be taken as a serious study as any mistake in selection or its effective implementation can prove disastrous to the organizational objectives and prospects.

Some of the benefits of ERP Software:

• All processes and sub-processes are linked and unified into a single system.

• There are enhancements in the field of productivity, efficiency and achievement of business objectives.

• ERP tends to considerably reduce the response time by effectively transferring crucial information.

• ERP helps in streamlining the numerous functions performed by the organization as a whole.

• It helps the management to make vital decisions with unparalleled accuracy and in-depth study

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