Technology for Enterprise Resource Planning (ERP), Business Intelligence (BI), and Enterprise Performance Management (EPM) supports performance / process improvement initiatives to help organizations run more effectively.
This set of IT systems, applications, and tools allows organizations to improve planning and execution of initiatives by automating business processes, reconciling information about the state of its business, reporting results, and providing capabilities to forecast future scenarios; all within state-of-the-art integrated data models. For example, an organization might use SAP ERP to automate and manage its procure-to-pay processes as well as manage and reconcile its general ledger – reducing manual labor burdens and errors associated with performing transactions.