What is ERP and how does it work?

At Hybrid TP one of our core offerings is ERP.

But what is ERP and how does it work? We know IT companies like Hybrid often use lots of jargon and acronyms that can mean nothing if you’re not familiar with IT, so we’re going to lay it out in basic terms.

ERP stands for Enterprise Resource Planning. ERP software looks after everyday business functions like production, sales quoting, accounting and more. ERP will simplify and automate your business processes so you can spend more time in the areas where you’re really needed.

The ERP software provides insights from information collected from different departments in your organisation such as manufacturing, supply chain, sales, marketing and human resources. It gives you the ability to analyse different scenarios and make changes to improve different business processes and become more efficient.

Your organisation will save money and have a higher productivity as employees spend less time digging for the data they need.

The software also allows different departments to automatically share important information. For example, an ERP supply chain solution might receive a customer order and then automatically send that information to the distribution centre that can most efficiently process the order in a timely manner – cutting down on time spent.

ERP software is used across a wide range of industries such as retail, manufacturing, pharmaceutical, distribution, technology, hospitality and construction.

To sum up the many benefits to using ERP software:

• The ability to have total visibility across your organisation
• Improved collaboration and workflows
• Improved reporting and planning
• Improved efficiency
• Standardised business processes
• Improved supply chain management
• Opportunity for scalability

Sound like the kind of business management software your organisation needs? Well, look no further! The Hybrid TP team are here to help.

At Hybrid TP, we offer Priority ERP software, an all-in-one solution. It’s more user-friendly, scalable, and flexible. It’s also more cost-effective, saving you up to 70% off the cost when compared to other ERP solutions.

You can read about how we installed Priority ERP with our client Lawrence Engineering here.