| Enterprise Software is a software system that | | | | 1) It facilitates data collection at operational level - |
| solves enterprise problems, or company-wide | | | | Often data are the lifeblood of an organization. The |
| problems, rather than departmental problems. Some | | | | effort that has been historically invested into |
| enterprise software systems solve the problems in | | | | gathering data, storing it, and understanding it has |
| an extended enterprise environment which includes a | | | | been an energy drain on an organization. The miracle |
| company's partners, suppliers or customers. Three | | | | of the technological age is that data has been |
| types of widely implemented enterprise software are | | | | harnessed and can be controlled easily now. This |
| ERP (Enterprise Resources Planning) software, CRM | | | | frees humans to direct their efforts in more |
| (Customer Relationship Management) software, and | | | | productive directions allowing software to handle the |
| Supply Chain Management software. The | | | | formerly time consuming data management work. |
| components of an enterprise software system | | | | 2) It generates comprehensive reports for managerial |
| involve any business function such as accounting, | | | | control - Enterprise software provides many options |
| sales forecasting, personnel management, or | | | | for reporting. Management can easily drill down a |
| inventory control, but it is the collaboration of | | | | report to details if they ever need to. Various |
| software components or software modules that will | | | | reports help management to optimally allocate |
| address enterprise-wide needs of a company. | | | | enterprise resources. |
| Often the software itself is provided by enterprise | | | | 3) It Helps Forecasting and Planning for Strategic |
| software vendors and then is customized to suit the | | | | Management - Although it is in the areas of inventory |
| needs and business processes of a particular | | | | control and accounting that most companies have |
| organization. Various types of enterprise software | | | | invested their enterprise software data, forecasting |
| modules can be used for different departments | | | | software may be one of the most overlooked |
| within the organization. Budgeting software is one | | | | products for giving you a competitive advantage. |
| example of a specific type of enterprise software. | | | | The ability to "crunch" large amounts of data and |
| This could be directed to and used by the accounting | | | | predict future trends and show demographic |
| department while forecasting software would be | | | | breakdowns can arm your executives with the facts |
| accessed by the sales and planning departments. | | | | they need to make the best decisions possible. In the |
| The successful implementation of enterprise | | | | coming century, enterprise software will be what |
| software creates sustainable competitive edge for | | | | separates the successful company from the |
| the organizations. | | | | commonplace. |