Thursday 7 April 2011

What is ERM?


Full form of ERM is Enterprise Relationship Management.ERM is the process by which organizations in all 
industries assess, control, exploit, finance, and monitor risks from all sources for the purpose of increasing the 
organization?s short and long term value to its stakeholders.?
 
ERM relates to solutions allowing an enterprise to share customer, product, competitor and market information 
to accomplish goals of meeting long-term customer satisfaction and increased revenues. It refers to the 
management of information from any or all of an organization's customers, suppliers, business partners and 
employees.
       
In simple words it is a software that helps in an efficient management and utilization of resources reducing costs.

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