ERP System is the integration of data, beside its accessibility, is useful to take strategic or tactical decisions, as it serves all company’s levels.
Why companies use ERP System?
The ERP System can easily integrate all data related to the functionality of sales, human resource management, accounting and financial services.
So imagine, a government, a telco company or any famous company you know of, with several sectors and personal deployed all over the world.
- How could they pay their personal?
- How do they monitor their work force?
- How can they pay their suppliers?
- Do they monitor their warehouses manually?
- Are they simply using an excel sheet to calculate their expenses?
This will be Impossible. The world is becoming more vibrant and fast, the need for systems supporting business is vital. The ERP system provides any size of company the necessary data and tools to take the right decision at the right time.
6 famous ERP System Vendors?
Oracle ERP System:
1977, three young engineers founded their own software company in California. Larry Allison, Ed Oates and Bob Miner established their 900 square feet head office and named their startup the Software Development Laboratories. 1982, the company was named ORACLE and went public on NASDAQ on 1986. ORACLE, well known as the database company until 1995, when the CEO Larry Allison announced his strategy of selling software through internet. A key milestone was when Oracle acquired People Soft in 2005; it was the big boom in Silicon Valley as Oracle acquired the leader of HR and ERP Applications. Oracle continued to be among the industry leaders of ERP applications until date. Oracle ERP, Oracle HCM and Oracle HCM, beside Oracle CX are the most famous applications owned by Oracle. The IT giant is also known for its hardware machines, after acquiring the hardware giant SUN microsystems.
SAP ERP System:
System Analysis Program development, SAP, established in 1972.
The company started as an idea from five former IBM employees.
They dreamt to create a sort of a standard application that helps any business to combine all its processes and same time to process its data in real time.
Claus Wellenreuther, Hans Werner, Dietmar Hopp and Hasso Platter were spending their time with their customers on site to learn more about their customers’ needs and processes.
By the year 1975, SAP had their own software for financial accounting, inventory management and invoicing.
The company’s brand name started to chine with their R2 second generation of their application in 1979.
They released R3 in 1992, and then went global.
In 1999, SAP started to think about the internet.
By 2009, SAP acquired its competitors including the most famous Success Factor.
SAP launched more products such as SAP HANA and SAPS/4HANA, invading the world of cloud with 57 data centers at 32 locations in 15 countries.
Odoo ERP System:
Odoo: The Agile and All-Inclusive Champ Looking for a flexible and customizable solution? Look no further than Odoo! With its modular design, Odoo provides an all-in-one platform that can be tailored to fit your specific needs. Whether you’re a small startup or a growing enterprise, Odoo adapts effortlessly. From accounting and inventory management to marketing and project management, Odoo’s user-friendly interface and vibrant community make it a popular choice for businesses of all sizes.