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What Is An ERP System?

  • Writer: SMB Solution
    SMB Solution
  • Dec 6, 2022
  • 2 min read

If you’ve been researching enterprise resource planning (ERP) systems, you may have come across the terms “cheap”, “free”, and “Oracle based”. But what do they mean? And why are they important when it comes to choosing the right ERP system for your business? In this blog post, we will explore the different types of ERP systems available, and how to choose the best one for you.



What Is An ERP System?


An ERP system is a software platform that helps businesses manage their operations more efficiently. It stores data from all aspects of a business in a single platform—from customer service data to financials and accounting—and helps streamline processes by automating tasks like inventory tracking and billing. By having this data in a single platform, businesses can access real-time updates on their operations, allowing them to make decisions quickly and accurately.


Cheap vs Free ERP System


The term “cheap” can be misleading when it comes to ERP systems. Cheap usually means low quality or limited features. However, there are some affordable solutions out there that offer excellent features at an affordable price point. On the other hand, free ERP systems are typically limited in their capabilities—they may only have basic features such as customer service management or basic accounting functions—so they may not be suitable for larger companies or those with more complex needs.


Oracle Based Systems


An Oracle-based system is one that is built on Oracle Database technology. Oracle Database is designed specifically for enterprise applications and offers superior performance when compared to other databases such as MySQL or PostgreSQL. Oracle also offers a wide range of tools that allow users to customize their database environment in order to better suit their specific needs. Additionally, Oracle provides support for its products so users can get help if needed.


Conclusion:


When it comes to choosing an ERP system for your business, it's important to do your research and understand the different types of solutions available. There are cheap solutions that offer great features at an affordable price point; free solutions with limited capabilities; and Oracle-based systems which provide superior performance but require support from Oracle itself. No matter which type of solution you choose, make sure it meets your business's specific needs so that you can maximize efficiency while minimizing costs!

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