Explain in brief the business values of ERP.

The Business Value of Enterprise Resource Planning (ERP): Gives a global, real-time view of data that can enable companies to address concerns proactively and drive improvements. Improves financial compliance with regulatory standards and reduces risk. Automates core business operations such as lead-to-cash, order-to fulfilment, and procure-to-pay processes. Enhances customer service by providing one source for billing and relationship tracking.