ERP software platforms are business systems designed to streamline organizational processes, such as accounting and finance, inventory management, human resources, customer relationship management (CRM) and other operational tasks. In layman’s terms, ERP stands for ‘Enterprise Resource Planning’. The primary benefit of these platforms is the consolidation of data from multiple departments into one unified system, which helps employees easily access real-time information and makes finding new insights or trends much simpler. By using this type of software platform, businesses can reduce inefficiencies, increase compliance and better manage their operations, ultimately leading to improved profits and more informed decision making.