What is ERP?

ERP stands for Enterprise Resource Planning.
Enterprise Resource Planning systems (ERPs) integrate (or attempt to integrate) all data and processes of an organization into a unified system. A typical ERP system will use multiple components of computer software and hardware to achieve the integration. A key ingredient of most ERP systems is the use of a unified database to store data for the various system modules.
ERP applications typically consist of modules such as Production, Commercial, Management, Finance and Accounting.

The ERP systems support organizations to better manage their activities, to get increased revenue and profit, sustaining their growth, but from totally different perspectives.

In the ERP case we talk about two important objectives: control and optimization of resources (inventory, earnings etc.) and organizations processes automation (invoicing, purchasing, selling, inventory), the focus being on financial indicators like: profitability, cash flow, inventory, etc.

Finally, ERP systems manage the organization processes and help organization to increase profit, and from the functionality point of view they provide a set of basic functionality, being more or less specialized on different domains (verticals).

Socrate+ is a smart ERP system. For more details on Socrate+ functionality, please visit the Product menu.