The Enterprise Resource Planning (ERP) system is a mainstay for the enterprise – but, like all technologies in the back office, it doesn’t look like it used to. ERPs of the past were straightforward and tractional, a portal through which professionals could execute and manage key processes like inventory and purchasing.
Today, ERP systems continue to provide this functionality. But digital financial management platforms like accounts payable, treasury and accounting apps that push their way into the enterprise could have some businesses wondering about the role of the ERP system, or whether it’s even necessary.