Glossary
Enterprise Resource Planning (ERP)
System that unifies finance, procurement, inventory, and operations data.
ERP platforms centralize accounting, purchasing, inventory, and reporting so teams have a single source of truth.
ERPs like our ERP platform connect to POS, PMS, RMS, and HRM to synchronize costs, stock, and labor across the business. Core modules span GL, AP/AR, purchasing, inventory, and fixed assets.
Hospitality and retail often extend ERP with recipe/BOH costing, vendor catalogs, and landed-cost tracking. Tight ERP integration reduces reconciliation effort, speeds month-end close, and feeds real-time margin and variance reporting.