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ERP vs. ERP II vs. ERP III Future Enterprise Applications

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Executive Summary

This paper discusses about Enterprise Resource Planning (ERP) vs. ERP II vs. ERP III future enterprise applications. ERP stands for enterprise resource planning which is applied in corporate sector. An ERP structure amalgamates practically all operational trade purposes and procedures. It also mechanizes admissions to reporting and finance in organization. ERP structure focuses on elite prepared value intentions of procedures. ERP acts as base and is imperative for enterprise applications and conduct of business of particular organization. ERP II also known as second version of enterprise resource planning is collaborated with SOA and some interfaces, information switch over or interaction procedures assist in inclination. This enterprise application of ERP II has assisted in rapid growth in conduct of business. ERP II systems have proven beneficial to merchant space across limitations in availability, devise, design and collaborations with various segments. ERP II systems maintain to improve equipped superiority and are introducing advance measures. ERP III is third version of enterprise resource planning. With association, straight contract, social media and numerous information methods outside the organization, ERP III incorporates markets. With this incorporation of consumer and merchant a productive dialog and switch over of details is produced to create and then deal out enhanced products for better business prospects. This system ends loop of value proportions as it crosses limitations and maximizes output with improved input.

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