ERP software (Enterprise Resource Planning software) is there to assist in your business. They have some specific functionalities. Those functions can record your activities, make statistics out of them and thus suggest you how you can improve your business strategy. ERP gather data about almost everything and which in the end adds to the benefits of ERP in business.
For example, it records employees performances, customers activities, storage conditions and investigate those data. You need to extract the crucial information from them and utilize those afterward.