WHAT IS ERP (Enterprise Resource Planning)?
UNDERSTANDING ENTERPRISE RESOURCE PLANNING SYSTEMS
ERP, or Enterprise Resource Planning, is a comprehensive system designed to integrate and manage all core business processes within a company. An ERP system centralizes key functions such as inventory management, accounting, human resources, and payroll, allowing businesses to streamline operations and improve efficiency.
By collecting and analyzing business data, ERP systems generate detailed reports that help managers make informed, data-driven decisions.
In recent years, web-based ERP systems have gained popularity. Unlike traditional ERP solutions, cloud ERP can be accessed via the internet, eliminating the need for on-premise servers or software installations. This reduces initial costs and allows for quick deployment without lengthy setup periods.
The rise of cloud ERP has lowered the barriers to adoption, enabling more companies, including small and medium-sized enterprises (SMEs)—to implement ERP solutions and benefit from improved business management.
KEY FUNCTIONS AND FEATURES OF ERP SYSTEMS YOU NEED TO KNOW
ERP systems deliver all the essential functions businesses need, including inventory management, production, accounting, sales, purchasing, HR, and payroll. Because these modules are fully integrated, companies can manage their operations smoothly and efficiently from a single platform.
With an ERP solution in place, organizations can minimize repetitive manual tasks, improve data sharing, and streamline reporting. This leads to better time and resource management, allowing teams to work more productively and enabling the company to focus on strategic growth.
1. Finance / Accounting
Used to accurately manage company funds, profit and loss, sales, expenses, and more.
Sales/purchases and expenses/income details are reflected in various accounting reports such as daily cash reports and income statements.
2. Sales / Purchasing
Enables management of sales and purchases details by item and by Customer/vendor.
Sales and purchases entered into the ERP system are linked with inventory transactions, accounts receivable/payable, and profit and loss data.
3. Production / Manufacturing
Provides functions to manage production processes and production transaction details in manufacturing industries.
Calculates the required quantities of raw/sub materials used in production, and allows you to check production costs and profits.
4. Inventory
By using an ERP system, sales, purchases, and production details are reflected in inventory,
and you can easily view inventory status and transaction history by item and by location.
5. Human Resources / Payroll
Allows for the computerization of HR information and easy calculation of payroll.
Create payroll books band statements by calculating earnings and deductions,
and record instantly to accounting books.
6. Integration with Collaboration Tools such as Groupware and Webmail
Recently, ERP systems are also being integrated with collaboration tools.
There is no need to use ERP, groupware, and webmail as separate programs,
as they can be managed in an integrated manner within a single system.
7. Protection of Corporate Data
Recording data in handwritten ledgers or saving it on a PC using programs such as Excel increases the risk of data loss.
By using an ERP system equipped with a professional security system, corporate data can be stored safely.
BENEFITS OF USING ERP
1) Real-time data accessibility
ERP provides real-time access to accurate business data, allowing companies to make faster and more informed decisions. Having centralized information, higher ups can easily monitor across all the company's department.
2) Improved Inventory and Financial Management
ERP systems provide real-time tracking of inventory while consolidating financial data, enabling businesses to maintain optimal stock levels and make informed purchasing, production, and financial decisions efficiently.
3) Lower Operating Costs
ERP helps lower overall operating expenses by streamlining processes and minimizing errors. By optimizing workflows, ERP cuts down on labor, administrative, and operational expenses.
4) Accurate Reporting & Analytics
ERP offers advanced reporting tools that help businesses analyze performance and make data-driven decisions.
5) Improved Security and Data Protection
Modern ERP systems include built-in safeguards, access controls, and cybersecurity tools to protect sensitive company data from unauthorized access or threats.
ECOUNT ERP
ECOUNT ERP is a cloud-based ERP program that began service in 1999.
It can be accessed via the web and used anytime, anywhere,
and provides all ERP functions for PHP 2,800 per month.
Currently, approximately 80,000 companies are improving their business efficiency with ECOUNT ERP.
What Makes ECOUNT ERP Different?
1) All functions required by companies are included.
ECOUNT ERP includes every essential business module, inventory, production, accounting, sales, purchasing, HR, payroll, groupware, webmail, corporate messaging, and more. All core company functions are fully integrated within a single ECOUNT platform, allowing seamless and efficient business management.
2) Cost-effective.
Enjoy full ERP features for only PHP 2,800 per month, with unlimited users. ECOUNT offers a cost-effective ERP system that helps businesses reduce software expenses without compromising functionality.
3) Accessible anytime, anywhere.
As a cloud-based ERP, it can be accessed via the internet without separate installation. Work can be processed and shared remotely, such as when working from home or away on business trips, without spatial limitations.
4) Corporate data is securely stored.
ECOUNT is certified with ISO 27001, the global standard for information security, proving the reliability of its security infrastructure.
All customer data is safely hosted on AWS (Amazon Web Services), one of the world’s most trusted and secure cloud servers.
