ERP-Enterprise resource planning
Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.
in the supply chain industry, an ERP system could automatically run a financial analysis and predict future stock needs to keep inventory at a healthy level. This process control ensures that the manufacturing department is performing at optimal capacity and in-demand products are in stock.
At its core, an ERP is an application that automates business processes, and provides insights and internal controls, drawing on a central database that collects inputs from departments including accounting, manufacturing, supply chain, sales, marketing and human resources
Enterprise resource planning or ERP software is a suite of applications that manage core business processes, such as sales, purchasing, accounting, human resources, customer support, CRM, and inventory. It’s an integrated system as opposed to individual software designed for specific business processes.
Acumatica
Acumatica delivers an ERP solution featuring a wide range of integrated functions that allow you to manage your business more efficiently. Flexible configuration options and anytime, anywhere access lets you customize your experience to fit the way you do business. Save time and minimize errors with automated workflows and document templates. Acumatica Cloud ERP gives you faster, simpler access to data so you can drive better business decisions.
Acumatica Cloud ERP features include:
Responsive display that can be viewed on nearly any device
Web Services API that allows integration with 3rd party applications
Flexible configuration options including single or multi-tenancy, multiple business, and cloud or on-premises deployments
Language localization and international support
Open Mobile
Open Mobile provides mobile telecommunications services throughout Puerto Rico. By implementing Acumatica Cloud ERP in just 90 days, Open Mobile was able to reduce their financial reporting process from four steps to one click. Today, reports can be pulled in 20 seconds. In the past, it could take up to three hours. Open Mobile also experienced increased efficiencies in key processes, improved requisition workflow, and automated expense reporting.
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Acumatica will place us in a position to improve accounting processes and efficiencies and financial reporting and analysis. We can spend less time extracting data and more on analysis. Before we had to have an analyst working no less than two or three hours full-time on the report. Now, you can click a button and get it yourself.