ERP Systems: Integrating Finance, Supply Chain, and HR
ERP Systems: Integrating Finance, Supply Chain, and HR An ERP system ties core business areas into one platform. It lets finance, operations, and people use the same data, with clear rules for updates. When data flows between departments, teams plan, act, and measure more reliably. This is especially helpful for growing companies that want to stay efficient. In the finance module, you manage money, budgets, and compliance. In the supply chain module, you track orders, stock levels, and supplier payments. In HR, you handle hiring, payroll, and skills. When these areas share a trusted data set, a change in one part of the business automatically reflects in others. For example, a revised purchase order updates inventory value, cost of goods sold, and payroll accruals in seconds. ...