Enterprise resource planning (ERP) is a term used to describe a comprehensive business system designed to manage and integrate key areas of your business, such as operations, finance, human resources, and customer relationship management (CRM). ERP systems help businesses increase efficiency and reduce costs by automating processes, consolidating data and increasing visibility into organizational performance. With an ERP system in place, businesses can more quickly respond to market conditions and customer needs, improve internal efficiencies, streamline financial processes and become more profitable.