![]() However, its roots date back to the 1960s. The term ERP was coined by Gartner in 1990. ERP solutions provide a range of benefits. It manages various systems but provides an integrated solution. Some of the key functional areas of ERP software include Accounting and Finance, Distribution, Manufacturing and Service Management. It has been a powerful system in facilitating the flow of information throughout the company. This database is capable of performing multiple functions and at the same time, it can be used by different business units or processes. ![]() The main feature of all ERP systems is that they all work on a shared database approach. It has been devised to assist the internal business-related processes of a company. It is a business management system which comprises an integrated suite of software modules. It streamlines processes across procurement, manufacturing, service, sales, finance, and human resource.ĮRP stands for Enterprise Resource Planning. SAP-ERP is an integrated software solution by SAP AG. SAP can be used to refer to any of the products of the company SAP AG. It is a business process management tool which deals with the basic internal processes of a company by using various modules. ![]() Key Difference: ERP stands for Enterprise Resource Planning.
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