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What is ERP and why is it useful?

Enterprise resource planning (ERP) is an integrated, computer-based system used to manage the internal and external resources of an organisation, including physical assets, financial resources, materials, and human resources. 

The purpose of ERP is to facilitate the flow of information between all business functions inside the boundaries of the organisation and manage the connections to outside stakeholders. This can include planning and financial management, manufacturing, inventory management, distribution and supply chain management, order tracking, sales and marketing, customer services and customer relationship management (CRM), and human capital management.

ERP systems consolidate business operations into one uniform, enterprise-wide system, which can provide comprehensive management information (MI), giving senior managers a complete overview of the organisation.

Key benefits of ERP:

• Knowledge is power
  ERP enables you to understand what is going on in every part of your business.
  
• Time is money
  ERP streamlines enterprise business processes, eliminating time wastage and reducing costs. 
  
• It’s good to talk
  ERP prevents the “silo” mentality, enabling all parts of your business to work together more transparently and effectively.  
  
• The bottom line
  ERP is proven to yield valuable Return On organisational Investment.

SYSPRO from K3 is the UK’s leading, proven ERP system. Contact K3 to find out more about the ways in which K3 SYSPRO can transform your business.