ERPs are used by many businesses to manage their organizational process. The world is moving forward with trends. The existing systems need to be optimized for it. Blockchain is a thriving technology that has landed feet in various industries. The list would not be complete without ERP. Blockchain’s integration with ERP takes it to the next level by providing more security, efficiency, and transparency.
ERP or Enterprise Resource Planning is software that enhances business operations and manages day-to-day activities like accounting, procurement, risk management, project management, supply chains, and more. It can be used for boosting the organization’s performance. The ERP suite may include performance management, planning, budgeting, predictive analytics, and financial reports. These will help you easily plan and strategize your business. ERP is fully centralized so it is possible to have many issues. This is where blockchain integration comes in.