ERP stands for enterprise resource planning. It is a type of software, a company uses to manage supply chain operations, accounting, risk management, procurement, and project management. In simple words, the ERP software integrates all the core processes of the company into a single system. It is very easy to use and it computes all the things with no errors. The latest ERP systems use cloud computing, machine learning and artificial intelligence as well to provide efficient and intelligent results in every aspect of the business.