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> Things like inventory, sending out stuff, payroll (for X number of countries),

Long before I ever heard of ERP, I worked on the Burroughs accounting systems. They had inventory management, accounts payable, accounts receivable, payroll, subcontractor accounting etc., all feeding into the general ledger.

So is that really what ERP is? Is it what used to be called an accounting package?

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With several orders of magnitude difference in workload / transaction size, and a lot more features in non-financial areas. Most accounting systems can do the bare essentials around inventory management, HR, etc. - but very few can run & form the system of record for, say, operations at the scale of an F500.

Whether it makes sense nowadays to continue stuffing these all into one system centred around the general ledger is left as an exercise to the reader.

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