Which system integrates management of core business processes in real-time using software and technology?

Enterprise resource planning (ERP) systems are designed to integrate the management of core business processes in real-time through the use of software and technology. ERP systems streamline various functionalities across an organization, including finance, HR, manufacturing, supply chain, and customer relationship management, into a unified platform. This integration allows for improved decision-making and efficiency because data from different departments is collected in a centralized database, making it easily accessible and analyzable.

This holistic approach enables organizations to respond swiftly to changes in the business environment, ensures consistency in data reporting, and enhances collaboration among teams. The real-time management of business processes facilitated by ERP systems leads to better resource allocation, reduced operational costs, and the ability to maintain compliance with regulatory standards.

In contrast to other systems like CRM, which specifically focuses on managing customer relationships, or SCM, which emphasizes the flow of goods and services across the supply chain, ERP serves as a broader framework that encompasses multiple business functions and processes, making it essential for organizations seeking comprehensive resource management.