An ERP system typically performs the following functions:
Supports the integrated business process inside the organization.
Improves capital planning and helps in executing organizational plans and strategies.
Helps speed up the decision-making process over the analysis of accurate data.
Helps extend the business network to wider domains, expanding the products and services to reach more customers, suppliers, and partners.
Identifies operational risks to improve governance.
Provides protection against organizational data breaches and security threats to leakage of information.
Makes the organization adaptable to the rapid changes in the business process according to the needs.
Gives long-term profit by providing means to increase the customer base.