Core ERP components form the foundation of a company’s enterprise resource planning (ERP) system. These centrally-shared resources are made up of data and applications, from wide-scale financial management systems to asset tracking software and customer relationship programs. The core components of an ERP system provide an integrated platform for increased visibility and control over all processes in your organization, helping companies achieve maximum efficiency and profitability. Put simply, these core elements are the essential foundation for a successful business—without them, it can be difficult to compete in today’s marketplace.