{"id":175014,"date":"2024-03-26T14:03:55","date_gmt":"2024-03-26T14:03:55","guid":{"rendered":"https:\/\/businessyield.com\/?p=175014"},"modified":"2024-03-26T14:03:58","modified_gmt":"2024-03-26T14:03:58","slug":"erp-vs-crm","status":"publish","type":"post","link":"https:\/\/businessyield.com\/marketing\/erp-vs-crm\/","title":{"rendered":"ERP vs CRM: Choosing the Right System for Your Business","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n
Still confused about the difference between ERP vs CRM? Well, don’t be alarmed; you’re not the only one. With a myriad of business acronyms flying around, it can be a bit challenging to keep track of them and their meanings without mixing them up.<\/p>\n\n\n\n
Businesses looking to automate core business processes typically look at two main software solutions, and both ERP and CRM serve as vital data repositories. They touch on multiple departments and are sometimes built on the same platform. Both systems track data and streamline core processes, working together to take your business to the next level.<\/p>\n\n\n\n
In fact, the ERP software market is expected to reach $78.41 billion by 2026<\/a>, while the global CRM market could reach $96.5 billion by 2028<\/a>.<\/p>\n\n\n\n However, the major difference between the two is that ERP helps companies run successful businesses by connecting their financial and operational systems to a central database. CRM, on the other hand, helps manage how customers interact with their businesses.<\/p>\n\n\n\n Key takeaways<\/p>\n\n\n\n An Enterprise Resource Planning, or ERP, solution is a type of software that will improve the efficiency of your internal business processes by automating and integrating tasks such as finance management, inventory management, expense management, order management, warehouse management, Human Resources (HR) and other essential business functions. <\/p>\n\n\n\n You may already be running all or some of these functions with various software systems that have been previously integrated somewhere along the line. As with all digital technology, that was okay when it was the only thing available. However, software systems have advanced, allowing the possibility of full ERP integration within a single suite.<\/p>\n\n\n\n An ERP system combines the day-to-day business processes of multiple departments, including finance and logistics. It also usually includes customer relationship management functions.<\/p>\n\n\n\n Companies sometimes purchase new modules, such as a supply chain management module, to meet their specific business needs. ERP software is available through on-premises, cloud, and hybrid options, with the latter blending on-premises and cloud.<\/p>\n\n\n\n This software can benefit organizations in various ways, including the following:<\/p>\n\n\n\n\n
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ERP vs CRM<\/strong>: What is ERP software?<\/strong><\/span><\/h2>\n\n\n\n
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