What is an ERP system?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What is an ERP system?

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Step 1: Definition

Enterprise Resource Planning (ERP) System:

Enterprise Resource Planning System refers to a management tool which combines and coordinates all the departments or sections of a business. The main aim is to link all the departments and update information, so that, all the departments would be aware of what is happening in other department or in the company as a whole.

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