Every business these days needs an Enterprise Resource Planning (ERP) system. ERP is a suite of integrated applications that can collect, store, manage and interpret data from many business activities. It is an indispensable software for a company that is looking at managing its operations efficiently and wants to enhance its planning, budgeting, and financial reporting.  ERP helps integrate and streamline business processes, often in real time.

Open-source software has gained a significant foothold in the world of business. Accelerated adoption of open source ERP and customer relationship management (CRM) solutions are the next transformative steps in this process. Open-source ERP solutions can be used straight out of the box and it needs very limited configuration and data.

Enterprise Resource Planning (ERP) software is the key to the process-centric chemical industry. An ERP system can help the industry manage its various processes efficiently. Many chemical companies, especially the small and medium-sized, face challenges while migrating to a new ERP system. Here are a few tips to the chemical industry for successful ERP migration and optimal utilization.