Platform
Accounts Payable
Automate your accounts payable workflow - from ERP to your supplier’s bank account.
Global Receivables
Open unique receivable accounts worldwide to collect payments like a local, save on fees, and control currency conversions on your terms.
Currency Conversions
Enjoy consistent rates with 24/7 control.
Treasury Management
Unified financial operations management across borders and entities.
Corporate Cards
Cards tied to your global accounts - spend globally, earn cashback, and eliminate currency conversion fees.
Integrations
Pull and push transaction data with a single click.
Solutions
Tech
See how Finofo solves the pain points of Tech & SaaS companies.
Food & Agriculture
Leverage Finofo’s platform to grow your Agribusiness globally.
E-commerce
Swipe right on better Global Banking
Automobile Industry
Drive growth with smoother, faster international transactions.
Manufacturing
Finofo makes your financial workflows as advanced as your production line.
Retail & Wholesale
Finofo helps you expand beyond borders with ease.
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Pricing
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About Us
Empowering business finance teams with technology to surpass traditional barriers.
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Comparison
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Glossary

Enterprise Resource Planning

Enterprise Resource Planning (ERP) is a comprehensive software system that integrates various business processes and functions, including inventory, accounting, human resources, and more, into a unified platform for streamlined operations and data management.

What is Enterprise resource planning (ERP)?

Enterprise resource planning (ERP) refers to software that streamlines a company's management of various operations, encompassing finances, manufacturing, and sales. ERP software consolidates data into one system, facilitating inventory tracking, sales monitoring, and predictive analysis. Large corporations frequently use ERP software to enhance their operational efficiency.

The Objective of Enterprise Resource Planning

Enterprise resource planning (ERP) software aids businesses in integrating and managing essential functional areas, such as product development, finance, human resources, manufacturing, and sales. It provides a unified database to monitor all aspects of operations cohesively, resulting in increased efficiency, better decision-making, and cost reduction.

Key Elements of Enterprise Resource Planning

ERP systems encompass a range of essential components within a company's operations. These components include financials, human resources, manufacturing, sales and marketing, and supply chain management. Offering real-time insights, ERP systems empower managers to make informed decisions and enhance overall efficiency.

Types of Enterprise Resource Planning Systems

Enterprise resource planning (ERP) systems cater to diverse business functions, including accounting, manufacturing, sales, and human resources, across the organization. Various types of ERP systems include financial ERP systems for managing finances, manufacturing ERP systems for production planning, sales ERP systems for customer relationship management, human resources ERP systems, and supply chain ERP systems for supply chain management.