Enterprise Resource Planning (ERP) refers to a software solution used by organizations to manage core business processes such as finance, HR, manufacturing, supply chain, services, and procurement. It integrates these processes into a centralized system, enabling efficient management and coordination. ERP serves as the system of record for the organization, capturing and storing essential transactional data. It provides a comprehensive suite of applications, including enterprise performance management, to support financial planning, budgeting, prediction, and reporting. By consolidating data from various sources, ERP systems eliminate data duplication and establish a single source of truth for accurate and reliable information within an organization.

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