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 OPERATION.
A COMPLETE ERP SUITE ALSO INCLUDES ENTERPRISE PERFORMANCE MANAGEMENT, SOFTWARE THAT HELPS PLAN, BUDGET, PREDICT, AND REPORT ON AN ORGANIZATION’S FINANCIAL RESULTS