The Impact of Enterprise Resource Planning (ERP) Systems Implementation on Business Performance

Over the last decade Enterprise Resource Planning (ERP) have been adopted by many companies as it contributes to the development and profitability of the organizations by business solutions. Once configured it allows information to enter at a single point in the process, and also updates a single, shared data base for all functions that directly or indirectly depend on this information. These are a set of applications combining key functions like finance, production. Sales, logistics, statutory compliance, human resources etc., in an integrated fashion. In a manner these combine Enterprise Resource Planning system with extended enterprise needs likes software solutions to the employees, customers and vendors. ERP not only helps to establish world class best business solutions and bring transparency in the business. This paper presents the definition, ERP Systems concept and need, the historical evolution of the ERP Systems, why is ERP Systems needed, why firms invest in ERP Systems, business performance development with ERP Systems, the scope of the ERP Systems, ERP model, ERP architecture, ERP implementation approaches have been discussed