What an ERP is
ERP stands for Enterprise Resource Planning. An ERP is software that brings core business functions onto one shared data model, so finance, operations and reporting work from the same numbers rather than from separate systems that have to be reconciled.
The value of an ERP is the single record. When a transaction is captured once and flows through to the general ledger, reporting and forecasting, there is less manual export, less double entry and fewer disagreements about which figure is correct. For finance teams that operate across several legal entities, an ERP also handles the consolidation work: combining results, eliminating intercompany transactions and reporting on the group as a whole.
A modern ERP increasingly adds analytical features on top of the transactional core, such as cash forecasting and the ability to ask questions of the data directly.
ERP in the Cohiva platform
Cohiva Crunch is a full-stack ERP with AI financial intelligence. It provides real-time profit and loss, 13-week cash forecasting and multi-entity consolidation, and it supports natural language querying of financial data, so a finance team can interrogate the numbers without building a report first.
Crunch is aimed at mid-market finance teams consolidating across multiple entities, and transaction data flows into it natively from the rest of the suite. To see how it works, explore Crunch.