An enterprise resource planning (ERP) system functions as an integrated suite of applications designed to manage and automate core business processes. These systems centralize data across various departments, such as finance, human resources, and supply chain, promoting real-time information sharing and enhanced decision-making. By streamlining workflows and ensuring data consistency, ERP systems improve operational efficiency and provide organizations with better insight into their performance. Ultimately, ERP systems contribute to informed strategic planning and financial management.