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How does ERP create value?
Facilitates Intra-organization Collaboration
The ERP system provides the information backbone for communication and collaboration with other organization.
Increasingly, firms are opening up their databases to partners to facilitate procurement and other functions. In order for such an arrangement to work there needs to be a single repository to which partners can go. ERP can used to facilitate such exchanges.
Also read
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Common ERP Myths

ERP means more work and procedures

ERP will make many employees redundant and jobless

ERP is the sole responsibility of the management

ERP is just for the Managers/Decision-makers

ERP is just for Manufacturing Organizations

ERP is just for the ERP implementation team

ERP slows down the organization

ERP is just to impress customers

ERP package will take care of everything

One ERP Package will suit everybody

ERP is very expensive

Organization can succeed without ERP

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