What is ERP?

What is ERP?

ERP is the term for the business processes that allow a company to manage organizational activities, such as accounting, purchasing, HR, supply chain, etc. using IT and software. An ERP system thus brings together the entire organization’s business functions in one platform and simplifies resource management.

About ERP

ERP was first used in the 1990s by The Gartner Group as a collective term for the core processes of manufacturing.

SAP will cease the support of the former SAP ERP technologies in 2027 and move its technology platform to S/4HANA.

ERP systems are most often built on modules. The ERP modules can cover one or more of the functional areas of the organization.

With 2BM as implementation partner, you have a new ERP system within 6-9 months depending on the size of the company and the nature of the implementation.

What does ERP stand for?

ERP is the abbreviation for Enterprise Resource Management, and the core function of an ERP system is that data can be shared across business units and thus streamline the organization’s information and data flow.

What types of ERP systems are there?

There are different types of ERP systems. The following are examples of ERP systems you may have heard of:

  • SAP R/3 and B1
  • LN/Lane
  • Microsoft Dynamics NAV & AX 2009
  • Oracle E-Business Suite Financials & PeopleSoft Enterprise

At 2BM, we work with SAP’s ERP systems. We can offer an SAP ERP system that gives you a complete platform that reaches 360° around your business. 2BM’s skilled SAP consultants with many years of experience can help you develop a customized solution to automate, visualize and improve your processes.

At 2BM, we are working on migrating companies’ old ERP system over to S/4HANA, which is a newer business platform that enables new technologies, such as AI, Machine Learning and a completely new user interface with the option of interactive reporting. With significant simplifications and new possibilities within system optimization, data management and technical functionalities, S/4HANA is a decisive step towards the digitalization of the future.

With SAP S/4HANA, you can therefore prepare and optimize your company for the future with an intelligent and integrated ERP solution.

What can a new ERP system do for your business?

The advantage of an ERP system is that you get all business processes gathered in one platform, which thus saves you time and resources. Other benefits include:

  • Meeting industry-specific requirements and enabling new business models as the market evolves
  • Revolutionizing business processes with automation supported by artificial intelligence and robotic processes
  • Making better decisions faster with integrated analytics and digital assistants
  • Achieving your IT goals with hybrid, cloud-based and local scenarios that share a consistent data model, line of code and user experience.

 

Functionalities for every need

When choosing an ERP system, it is important that you look at the functionalities. Can the system address the company’s current and future needs? Is there a possibility of adjustments? What does adaptation require in development resources? And so on.

It is important to research so that you are not faced with unforeseen obstacles as the business grows and the needs change.

Many smaller companies buy a solution that is too small and which they then spend a lot of money on further developing. This is both expensive in the short term in terms of costs for customization/development and in the long term because it will be expensive to upgrade the system.

If you are in this group, S/4HANA can be a qualified alternative because you get extensive functionality with this solution. With S/4HANA you get functionalities for every need, which reduces unnecessary development hours. This ensures that the ERP system can grow the business as requirements and needs increase.

When a system is large or complex, it often means that it can handle complex issues, which by their nature do not just become simple because you want to. This is why SAP’s comprehensive functionality is unique. It is a solution that has a large ‘width’, which means that it is a solution that covers many areas. And when we talk about functionality/complexity, it is also important to talk about ‘depth’. The depth indicates a solution-functional opportunity to cover a company’s needs and is therefore crucial for implementing a solution based on the strategy around the use of standard software.

In other words, it does not make sense to make a decision to use standard software, and to then subsequently choose a solution that cannot handle the company’s functional requirements. 

FAQ

What does ERP mean?

ERP is the abbreviation for Enterprise Resource Management

What is ERP?

ERP is the term for the business processes that allow a company to manage organizational activities, such as accounting, purchasing, HR, supply chain, etc. using IT and software

Why ERP?

An ERP system streamlines the organization’s information and data flow; enables new business models as the market evolves; revolutionizes business processes; makes better decisions faster with integrated analytics and digital assistants; achieves your IT goals with hybrid, cloud-based and local scenarios that share a consistent data model, line of code and user experience

Which ERP-system?

At 2BM, we work with SAP’s ERP systems. SAP’s new S/4HANA solution is a business platform that enables new technologies, such as AI, Machine Learning and a completely new user interface with the option of interactive reporting. With SAP S/4HANA you can therefore prepare and optimize your company for the future with an intelligent and integrated ERP solution

Do you want to know more about ERP?

Contact us for a meeting where we can go more in depth with how an ERP system can support and optimize the business processes in your company.

Give us a call 35 55 55 75 or send us a message

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