What is ERP system software?

ERP (Enterprise Resource Planning) system software is a suite of integrated applications that a company can use to collect, store, manage and interpret data from many business activities. These systems centralize data management, creating a single source of truth and streamlining business processes across various departments, such as finance, human resources, manufacturing, supply chain, services, procurement, and others. ERP systems are commonly used to improve operational efficiency, reduce costs, and enable better decision-making.