HR glossary · HR systems
ERP (enterprise resource planning)
Business software that runs accounting, sales, inventory and HR on one shared database.
Enterprise resource planning (ERP) software runs several business functions, such as accounting, sales, inventory and HR, on one shared database. Because everything shares the same data, a change in one area is visible in the others.
In practice
With an ERP such as Odoo, validated payroll can post journal entries to accounting, so Finance does not re-type salary figures.
Related terms
See how these work together in one system.