To know the full form of ERP it is very important to first understand ERP. What is ERP and meaning of ERP?
ERP is generally categorized into Business Management Software. We can understand in terms of typically a collection of integrated applications—that a corporation will use to gather, store, manage, and translate knowledge from several business activities.
ERP system is very useful in keeping record for business resources like cash, raw materials, production capacity, orders, payroll etc..
ERP system combines variety of structure systems and facilitates error-free operations in terms of transactions and productions, Therefore,we can say ERP means into software field.
According to Wikipedia the ERP system combines variety of structure systems and thus provides error-free transactions with enhance production,In conclusion, reaching the goal of the organization’s strength.
However, ERP system differs from ancient systems. ERP systems lay on a spread of hardware ,software and network configurations,in addition, using a unique database for all its information.
Now let’s discuss ERP meaning or ERP long form.
ERP Full Form
So, tally ERP full form is Enterprise Resource Planning. ERP software is very useful for medium and large organization. Therefore, it is one of the powerful tools an organization needs. That also defines full form of ERP software or full form of ERP in software.
There are some modules of ERP system which is listed below:
- Financial Accounting
- Human Resource
- Data Services
- Management Accounting
- Order Processing
Advantages and Benefits of ERP
There are definite advantage of ERP into Productivity and Performance. Some of them are listed below:
1.Leading the Market
When an organization taking benefits of ERP it will definitely lead among its competitors who are still following orthodox or outdated technology. In addition,ERP gives you an edge over your competitors.
2.Boost Process Efficiency
ERP eliminates in-accurate data and repetitive process, Therefore,it increase process efficiency.
3.Steamlined data service
Using REP makes an streamline process data flow throughout the organization, Above all, it eliminates in-accurate, complex and manual errors. Therefore, increases efficiency and productivity.
When using ERP system organization will meet its goal for reporting. In addition, it makes things easier and customization having its great reporting capabilities.
5.High Quality Customer Service
Using ERP software, we can track order process, delivery and billing. Things are on high pace with delivery. In addition,there is increase in productivity for organization and makes good relationship with customers.
6.Provides Real time accurate data
Decreasing manual complex task, ERP reduces human errors that can cause costly business mistakes to an organization.
With the advantage of real time data that can be accessed from anywhere depending upon cloud solution it increases productive and efficiency.
7.Combined and integrated Information
Daily business processes and operations become easy when using ERP system. No more segregated databases for different information.
Above all, the processes are in same house. Therefore, all required data can be accessed as per requirements without facing any issue with accuracy.
Disadvantages of ERP
We know there are obvious advantages, but there are disadvantages too. Let’s point out some of them in the list below:
1.Increase cost for ERP system management like Upgrade, Maintenance and Support
2.It consumes time and money when set for big organization. In addition, it require to be set perfectly for every process.
3.Upgrading to ERP system can be costly when using its solution for only few comprehensive solutions.
4.Unique demands sometimes cannot be meet due to customization at every level.
5.Adopting ERP system from current system can be problematic sometimes.
ERP Software Companies
Below is list of Top leading ERP companies ranking for worldwide.
- NetSuite ERP
- Business Cloud Essentials
- Sage Intacct
- Oracle ERP Cloud
- Microsoft Dynamics GP
- SAP ERP
- Epicor ERP
When we talk about India only, then there are many companies leading in Indian market one of them is Tally Solutions which is widely used.
It provides enterprise resource planning software and its software is used for more than 1.6 Million customers.
Full form of tally ERP9
Before we just jump on to know erp full form in tally or full form of erp 9, let’s take a step towards knowing about tally software.
Tally. ERP9 is a business management and GST software solution. It has great functions with integrated modes of customization, control and reporting.
It is very popular accounting software used across India. So full form of erp in tally stands same we discussed above, it just tally which is used as company’s name due to its software.