1.ERP is for large businesses only.
Initially developed for larger businesses and organisations, an increasing number of small businesses are embracing ERP. ERP is very adaptable and can be customised for a vast array of business types, business processes, and workflows. On a basic level, there is an accounting function, a purchasing function, customer service, manufacturing, project management and inventory. Integrating the data from the various functions is essential for all businesses and increases efficiencies and productivity.