How Does it Work?
Enterprise Resource Planning (ERP) is a business management software comprising a suite of integrated applications that your company can use to store and manage data for every stage of your business, covering main areas such as:
ERP gives you a real-time view of your core business processes using common databases maintained by a database management system. ERP allows you to track business resources like cash, raw materials, production capacity as well as the status of business commitments such as orders, purchase orders, and payroll. ERP shares data across the various departments of your company (manufacturing, purchasing, sales, accounting, etc.) that entered the data. ERP provides information flow between all business functions and manages connections to outside stakeholders.
Open-Source Software For Enterprise Resource Planning (ERP) System
There are many ERP systems in the market. One of the most popular and affordable ERP systems, the Open-Source ERP, is provided by LotsHub. Designed and developed with a zero licence cost by a Belgian company, Open-Source ERP is an open source ERP software that is currently used by business owners in more than 70 countries around the world.
With thousands of business applications, Open-Source ERP offers all the features you need in one single solution. Once you use Open-Source ERP for one application, you will have the flexibility to install new apps, launch new departments or integrate new activities in just a few clicks.
The more apps you install, the more your process becomes integrated and automated. Open-Source ERP and all its modules are fully open source, released under the AGPL license.
You pay only for the maintenance service you get through Lotshub.
For more information on the Open-Source ERP system, please refer to the following links:
– Frequently Asked Questions > http://help.openerp.com/questions/