ERP Systems List: A Comprehensive Guide

ERP Systems List is your comprehensive guide to understanding the world of enterprise resource planning (ERP) systems. ERP systems are the backbone of modern businesses, streamlining operations, enhancing data visibility, and driving efficiency. From manufacturing to healthcare, these powerful software solutions integrate various departments, centralizing data and processes to optimize performance and decision-making.

This guide explores the diverse landscape of ERP systems, covering their types, key considerations for selection, popular options, implementation strategies, and future trends. We delve into the benefits and challenges of adopting ERP, equipping you with the knowledge to make informed decisions for your business.

Introduction to ERP Systems

ERP (Enterprise Resource Planning) systems are software applications that integrate various business processes and data across an organization. They are designed to streamline operations, improve efficiency, and provide real-time insights into business performance.

Purpose of ERP Systems

The primary purpose of ERP systems is to centralize and automate critical business functions, enabling organizations to manage resources effectively and make informed decisions.

Key Features and Functionalities of ERP Systems

ERP systems offer a wide range of features and functionalities to cater to different business needs. These typically include:

• Financial Management:Accounts payable, accounts receivable, budgeting, financial reporting, and cash flow management.
• Human Resources Management:Payroll, time and attendance tracking, employee benefits administration, and talent management.
• Supply Chain Management:Procurement, inventory management, warehouse management, and order fulfillment.
• Customer Relationship Management (CRM):Sales, marketing, customer service, and lead management.
• Manufacturing Management:Production planning, scheduling, quality control, and maintenance.
• Project Management:Task management, resource allocation, and project tracking.
• Reporting and Analytics:Dashboards, reports, and data analysis tools for performance monitoring and decision-making.

Industries that Benefit from ERP Systems

ERP systems are widely adopted across various industries, including:

• Manufacturing:Optimize production processes, manage inventory, and track costs.
• Retail:Improve supply chain efficiency, manage customer relationships, and streamline point-of-sale operations.
• Healthcare:Enhance patient care, manage medical records, and improve billing processes.
• Financial Services:Automate financial transactions, manage risk, and comply with regulations.
• Education:Manage student records, track academic performance, and streamline administrative tasks.
• Government:Improve service delivery, manage public funds, and ensure transparency.

Types of ERP Systems

ERP systems are designed to cater to the specific needs of different industries. The type of ERP system a business chooses will depend on its industry, size, and specific requirements.ERP systems are available in various deployment models, each offering different advantages and disadvantages.

Industry-Specific ERP Systems

ERP systems are often tailored to meet the specific needs of different industries. For example, a manufacturing ERP system will have features for managing production, inventory, and supply chain, while a retail ERP system will have features for managing point-of-sale transactions, customer relationship management, and inventory.Here are some examples of industry-specific ERP systems:

• Manufacturing:SAP, Oracle, Infor, Epicor, and Microsoft Dynamics 365
• Retail:SAP, Oracle, Microsoft Dynamics 365, NetSuite, and Shopify
• Healthcare:Epic, Cerner, Meditech, Allscripts, and McKesson
• Financial Services:Temenos, FIS, and Oracle
• Education:Ellucian, Jenzabar, and Oracle

ERP Deployment Models

ERP systems can be deployed in various ways, each with its own advantages and disadvantages.

• On-Premise:On-premise ERP systems are installed and maintained on the company’s own servers. This gives companies complete control over their data and infrastructure, but it can be expensive to set up and maintain.
• Cloud-Based:Cloud-based ERP systems are hosted by a third-party provider and accessed over the internet. This is a more affordable and flexible option, as companies do not need to invest in hardware or software. However, companies may have less control over their data and infrastructure.

• Hybrid:Hybrid ERP systems combine elements of on-premise and cloud-based deployments. This allows companies to choose the best deployment model for each part of their business.

Open-Source vs. Proprietary ERP Systems

ERP systems can be either open-source or proprietary.

• Open-Source ERP Systems:Open-source ERP systems are free to use and modify. This gives companies greater flexibility and control over their system. However, open-source ERP systems may require more technical expertise to implement and maintain.
• Proprietary ERP Systems:Proprietary ERP systems are developed and owned by a single company. These systems are typically more expensive but offer better support and security.

Key Considerations for Selecting an ERP System

Choosing the right ERP system is a crucial decision for any organization. It can significantly impact efficiency, productivity, and overall business success. To ensure a successful implementation, careful consideration of various factors is essential.

Business Size and Industry

The size and industry of a business are key factors in determining the appropriate ERP system. Smaller businesses might require a simpler, more affordable solution, while larger enterprises may need a more robust and scalable system. Industry-specific requirements, such as regulatory compliance or specific business processes, should also be taken into account.

For example, a manufacturing company will have different needs than a retail business.

Budget

ERP systems can range in price from a few thousand dollars to millions, depending on the features, complexity, and vendor. It’s important to set a realistic budget and consider the total cost of ownership, including implementation, training, and ongoing support.

A cost-benefit analysis can help determine the return on investment (ROI) and justify the expense.

Integration Requirements

Existing systems, such as CRM, accounting software, or e-commerce platforms, need to integrate seamlessly with the chosen ERP system. This ensures data flow and consistency across all systems, preventing redundancy and improving operational efficiency. Consider the level of integration required and the vendor’s ability to support it.

An ERP system list can be overwhelming, with options catering to various industries and sizes. When choosing the right ERP, you also need to consider your IT infrastructure, especially if you’re relying on remote management tools. A robust Remote Monitoring and Management (RMM) solution can significantly improve your system’s efficiency and security.

RMM PRICING can vary depending on features and scalability, but it’s an investment worth exploring to ensure your ERP system runs smoothly and securely.

Scalability

As businesses grow, their ERP system should be able to scale accordingly. Choose a system that can handle increased data volume, user traffic, and business processes without compromising performance. This ensures the system can adapt to future growth and avoid the need for costly upgrades or replacements.

Choosing the right ERP system for your business is a crucial decision. A comprehensive ERP system list should include solutions that cater to diverse needs, like managing IT infrastructure. RMM S is a powerful tool that can help businesses streamline their IT operations and ensure optimal performance, making it a valuable addition to any ERP system list for businesses seeking to enhance their IT capabilities.

Security

Data security is paramount in today’s digital landscape. The ERP system should provide robust security features, such as access controls, encryption, and regular security updates, to protect sensitive business information from unauthorized access or cyber threats.

While ERP systems streamline internal processes, managing your IT infrastructure effectively is equally important. For a robust solution, consider a Remote Monitoring and Management (RMM) tool like N-able. N ABLE RMM PRICING offers flexible plans to fit your needs, ensuring your IT environment is secure and optimized.

Integrating an RMM solution like N-able alongside your ERP system can significantly enhance your overall business efficiency.

User Experience

A user-friendly interface and intuitive navigation are essential for successful ERP adoption. Employees should find the system easy to learn and use, minimizing training requirements and maximizing productivity. A good user experience can increase employee satisfaction and improve data accuracy.

Implementation

The implementation process should be carefully planned and executed to minimize disruption to business operations. Consider the vendor’s implementation experience, the availability of resources, and the timeline for completion. A successful implementation requires clear communication, collaboration, and ongoing support.

Popular ERP Systems: ERP SYSTEMS LIST

Choosing the right ERP system is crucial for any organization’s success. With numerous options available, it’s essential to carefully evaluate each system’s features, target industries, and pricing models. This section will provide an overview of some of the most popular ERP systems, highlighting their strengths and weaknesses.

Popular ERP Systems

The following table lists some of the most popular ERP systems, along with their key features, target industries, and pricing models:

ERP System	Key Features	Target Industries	Pricing Model
SAP	Comprehensive suite of modules covering all business functions, including finance, human resources, supply chain management, and customer relationship management. Strong focus on integration and scalability.	Large enterprises across all industries.	Subscription-based pricing, with costs varying depending on the modules and number of users.
Oracle	Similar to SAP in terms of comprehensiveness and scalability. Strong focus on cloud-based solutions.	Large enterprises across all industries.	Subscription-based pricing, with costs varying depending on the modules and number of users.
Microsoft Dynamics 365	Offers a range of modules tailored to specific industries, including retail, manufacturing, and services. Strong focus on user-friendliness and ease of implementation.	Small and medium-sized businesses (SMBs) across various industries.	Subscription-based pricing, with costs varying depending on the modules and number of users.
NetSuite	Cloud-based ERP system designed for SMBs. Offers a comprehensive suite of modules, including financial management, inventory management, and customer relationship management.	SMBs across various industries, with a particular focus on e-commerce and retail.	Subscription-based pricing, with costs varying depending on the modules and number of users.
Infor	Offers a wide range of industry-specific ERP solutions, including manufacturing, distribution, and retail. Strong focus on providing tailored solutions to meet specific business needs.	Large enterprises and SMBs across various industries.	Subscription-based pricing, with costs varying depending on the modules and number of users.
Epicor	Offers a range of ERP solutions tailored to specific industries, including manufacturing, distribution, and retail. Strong focus on providing industry-specific functionality.	SMBs and mid-market businesses across various industries.	Subscription-based pricing, with costs varying depending on the modules and number of users.
Sage	Offers a range of ERP solutions for SMBs, with a focus on ease of use and affordability.	SMBs across various industries.	Subscription-based pricing, with costs varying depending on the modules and number of users.

SAP

SAP is one of the most widely used ERP systems globally, known for its comprehensive suite of modules and strong focus on integration and scalability. It’s ideal for large enterprises across all industries, providing a robust platform for managing complex business operations.

Strengths of SAP

• Comprehensive functionality:SAP offers a wide range of modules covering all aspects of business operations, including finance, human resources, supply chain management, and customer relationship management. This allows organizations to manage their entire business from a single platform.
• Scalability:SAP is designed to handle the needs of large enterprises, with the ability to scale up as the business grows. This makes it a suitable option for organizations with complex operations and a large number of users.
• Integration:SAP modules are tightly integrated, allowing data to flow seamlessly between different departments. This improves data accuracy and efficiency, enabling better decision-making.
• Global reach:SAP has a strong global presence, with a network of partners and support teams worldwide. This provides organizations with access to local expertise and support, regardless of their location.

Weaknesses of SAP

• Complexity:SAP is a complex system, requiring significant time and resources for implementation and training. This can be a challenge for organizations with limited IT resources.
• Cost:SAP is an expensive system, with high upfront costs and ongoing maintenance fees. This can be a barrier for smaller organizations.
• Customization:While SAP offers a high level of customization, it can be difficult and time-consuming to tailor the system to specific business needs. This can lead to increased implementation costs and delays.

Oracle

Oracle is another leading ERP provider, offering a comprehensive suite of modules and a strong focus on cloud-based solutions. It’s a popular choice for large enterprises across all industries, providing a robust platform for managing complex business operations.

Strengths of Oracle

• Comprehensive functionality:Similar to SAP, Oracle offers a wide range of modules covering all aspects of business operations, including finance, human resources, supply chain management, and customer relationship management. This allows organizations to manage their entire business from a single platform.

• Scalability:Oracle is designed to handle the needs of large enterprises, with the ability to scale up as the business grows. This makes it a suitable option for organizations with complex operations and a large number of users.
• Cloud-based solutions:Oracle offers a range of cloud-based ERP solutions, providing organizations with flexibility and scalability. Cloud solutions can be deployed quickly and easily, reducing implementation costs and time.
• Integration:Oracle modules are tightly integrated, allowing data to flow seamlessly between different departments. This improves data accuracy and efficiency, enabling better decision-making.

Weaknesses of Oracle

• Complexity:Similar to SAP, Oracle is a complex system, requiring significant time and resources for implementation and training. This can be a challenge for organizations with limited IT resources.
• Cost:Oracle is an expensive system, with high upfront costs and ongoing maintenance fees. This can be a barrier for smaller organizations.
• Customization:While Oracle offers a high level of customization, it can be difficult and time-consuming to tailor the system to specific business needs. This can lead to increased implementation costs and delays.

Microsoft Dynamics 365

Microsoft Dynamics 365 is a popular ERP system for SMBs, offering a range of modules tailored to specific industries, including retail, manufacturing, and services. It’s known for its user-friendliness and ease of implementation.

Strengths of Microsoft Dynamics 365

• User-friendly interface:Microsoft Dynamics 365 is designed with a user-friendly interface, making it easy for employees to learn and use. This reduces training time and improves user adoption.
• Ease of implementation:Microsoft Dynamics 365 is relatively easy to implement compared to other ERP systems, with a shorter implementation time and lower costs. This makes it a suitable option for organizations with limited IT resources.
• Industry-specific solutions:Microsoft Dynamics 365 offers a range of modules tailored to specific industries, providing organizations with industry-specific functionality and best practices. This can improve efficiency and productivity.
• Integration with Microsoft Office:Microsoft Dynamics 365 integrates seamlessly with Microsoft Office applications, such as Excel and Word. This makes it easy for organizations to share data and collaborate across different departments.

Weaknesses of Microsoft Dynamics 365

• Limited functionality:Microsoft Dynamics 365 may not offer the same level of comprehensive functionality as SAP or Oracle, particularly for large enterprises with complex operations.
• Scalability:While Microsoft Dynamics 365 can scale to meet the needs of growing businesses, it may not be suitable for organizations with very large operations.

NetSuite

NetSuite is a cloud-based ERP system designed for SMBs, offering a comprehensive suite of modules, including financial management, inventory management, and customer relationship management. It’s a popular choice for organizations with a focus on e-commerce and retail.

Strengths of NetSuite

• Cloud-based platform:NetSuite is a cloud-based system, providing organizations with flexibility and scalability. Cloud solutions can be deployed quickly and easily, reducing implementation costs and time.
• Comprehensive functionality:NetSuite offers a comprehensive suite of modules covering all aspects of business operations, including financial management, inventory management, and customer relationship management. This allows organizations to manage their entire business from a single platform.
• E-commerce integration:NetSuite is designed for e-commerce businesses, offering seamless integration with online storefronts and payment gateways. This makes it easy for organizations to manage their online sales and operations.
• User-friendly interface:NetSuite is designed with a user-friendly interface, making it easy for employees to learn and use. This reduces training time and improves user adoption.

Weaknesses of NetSuite

• Limited customization:NetSuite offers limited customization options compared to other ERP systems. This can be a challenge for organizations with unique business processes.
• Scalability:While NetSuite can scale to meet the needs of growing businesses, it may not be suitable for organizations with very large operations.

Implementation and Integration of ERP Systems

Implementing and integrating an ERP system is a complex process that requires careful planning and execution. It involves various stages, from initial assessment to ongoing maintenance, and demands effective communication and collaboration among stakeholders.

Phases of ERP Implementation

The implementation of an ERP system typically follows a structured approach, encompassing several distinct phases. These phases ensure a smooth transition and successful adoption of the new system.

• Planning and Requirements Gathering:This phase involves defining the scope of the project, identifying key stakeholders, and collecting detailed requirements from different departments. A comprehensive understanding of business processes and data needs is crucial for successful implementation.
• Selection and Customization:After assessing various ERP vendors and solutions, the chosen system needs to be configured and customized to meet specific business requirements. This involves defining workflows, setting up user roles, and tailoring the system to align with existing processes.
• Data Migration:Transferring data from legacy systems to the new ERP platform is a critical step. Data integrity and accuracy are paramount to ensure seamless operations and avoid disruptions.
• Testing and Training:Before going live, rigorous testing is essential to validate the functionality of the system and identify any potential issues. Training programs for users are vital to ensure they understand the new system and can effectively utilize its features.
• Go-Live and Post-Implementation Support:The go-live phase marks the transition to the new ERP system. Continuous monitoring, support, and maintenance are essential to ensure ongoing stability and address any emerging issues.

Data Migration

Data migration is a crucial aspect of ERP implementation. It involves transferring data from legacy systems to the new ERP platform. This process requires careful planning and execution to ensure data integrity and accuracy.

• Data Mapping and Transformation:Mapping data fields from the legacy system to the ERP system is essential. Data transformation may be necessary to ensure consistency and compatibility.
• Data Validation and Quality Control:Validating the migrated data is crucial to ensure accuracy and completeness. Data quality checks help identify and resolve any discrepancies before the system goes live.
• Data Backup and Recovery:Creating backups of the legacy data before migration is essential for recovery in case of any issues. A robust data backup strategy ensures data integrity and minimizes potential losses.

User Training

Effective user training is vital for successful ERP implementation. It ensures users are familiar with the system’s functionalities and can effectively utilize its features.

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• Needs Assessment:Understanding the specific training needs of different user groups is essential. This involves assessing their roles, responsibilities, and levels of technical proficiency.
• Training Delivery:A variety of training methods can be employed, including online courses, instructor-led sessions, and hands-on workshops. The choice of training method should align with user preferences and learning styles.
• Knowledge Transfer and Support:Providing ongoing support and resources after the initial training is essential to address user queries and ensure long-term knowledge retention. This can include FAQs, user guides, and dedicated support channels.

Integration with Other Business Applications, ERP SYSTEMS LIST

Integrating the ERP system with other business applications is essential for streamlining workflows and improving data visibility. This can involve integrating with CRM systems, e-commerce platforms, or other specialized software.

• API Integration:Application Programming Interfaces (APIs) enable seamless data exchange between different systems. APIs facilitate real-time data synchronization and automation of business processes.
• Data Synchronization and Consistency:Integration ensures data consistency across different systems, eliminating redundancy and promoting accurate decision-making.
• Workflow Automation:Integrating systems can automate workflows, reducing manual tasks and improving efficiency. This can include processes like order fulfillment, inventory management, and customer service.

Benefits and Challenges of ERP Systems

An Enterprise Resource Planning (ERP) system is a comprehensive software solution that integrates various business processes and functions into a single platform. ERP systems offer a range of benefits that can significantly enhance an organization’s efficiency, data visibility, and overall performance.

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This, in turn, can significantly improve your overall efficiency and profitability, making it a valuable addition to your ERP SYSTEMS LIST.

However, implementing an ERP system also presents certain challenges that need to be addressed carefully to ensure a successful outcome.

Advantages of ERP Systems

Implementing an ERP system offers a wide range of benefits for organizations of all sizes. The advantages of using an ERP system are:

• Improved Efficiency:By automating and streamlining business processes, ERP systems can significantly improve efficiency. They eliminate manual tasks, reduce errors, and accelerate workflows. For example, an ERP system can automate order processing, inventory management, and financial reporting, freeing up employees to focus on more strategic tasks.

• Enhanced Data Visibility:ERP systems provide a centralized repository for all business data, enabling real-time visibility and access to critical information. This allows managers to make informed decisions based on accurate and up-to-date data.
• Reduced Costs:ERP systems can help organizations reduce costs in various ways. They eliminate redundancies, optimize resource utilization, and minimize errors. For instance, an ERP system can help streamline procurement processes, reducing the cost of materials and supplies.
• Improved Customer Service:By providing a unified view of customer data, ERP systems enable organizations to offer better customer service. They can track customer interactions, manage customer accounts, and provide personalized support.
• Increased Compliance:ERP systems can help organizations comply with industry regulations and standards. They provide tools for managing compliance requirements, tracking audits, and reporting on compliance activities.

Challenges of ERP Implementation

Implementing an ERP system can be a complex and challenging process. Organizations need to carefully consider the potential challenges and develop strategies to mitigate them. The challenges of ERP implementation are:

• Complexity:ERP systems are complex software solutions that require significant planning and implementation effort. Organizations need to carefully assess their business requirements and select an ERP system that aligns with their specific needs.
• Cost:Implementing an ERP system can be expensive, involving software licensing fees, implementation services, training, and ongoing maintenance costs. Organizations need to carefully budget for the project and consider the return on investment (ROI).
• Change Management:Implementing an ERP system often requires significant changes to business processes and workflows. Organizations need to effectively manage change, communicate the benefits of the new system, and provide adequate training to employees.
• Data Migration:Migrating data from existing systems to the new ERP system can be a complex and time-consuming process. Organizations need to ensure data integrity and accuracy during the migration process.
• Integration:Integrating the ERP system with existing legacy systems can be challenging. Organizations need to carefully plan the integration process and ensure seamless data flow between systems.

Mitigating ERP Implementation Challenges

Organizations can mitigate the challenges of ERP implementation by taking the following steps:

• Thorough Planning:Carefully plan the implementation process, define clear objectives, and develop a detailed project plan.
• Selecting the Right ERP System:Choose an ERP system that meets the organization’s specific needs and aligns with its business strategy.
• Effective Change Management:Implement a comprehensive change management strategy to minimize resistance and ensure employee buy-in.
• Proper Training:Provide adequate training to employees on the new ERP system to ensure they are comfortable using it.
• Phased Implementation:Implement the ERP system in phases to minimize disruption and ensure a smooth transition.
• Strong Project Management:Engage a skilled project manager to oversee the implementation process and ensure its success.

Future Trends in ERP Systems

ERP systems are constantly evolving to meet the changing needs of businesses. The rise of new technologies, such as artificial intelligence (AI), machine learning (ML), and cloud computing, is significantly impacting the future of ERP systems. These trends are transforming how businesses manage their operations and are poised to revolutionize the way ERP systems function.

The Role of AI and ML in ERP

AI and ML are revolutionizing ERP systems by automating processes, improving decision-making, and enhancing customer experiences. AI-powered chatbots can handle customer inquiries, while ML algorithms can predict demand patterns and optimize inventory management.

• Predictive Analytics:AI and ML algorithms can analyze vast amounts of data to identify trends and patterns, enabling businesses to make more informed decisions about resource allocation, inventory management, and demand forecasting. For example, an AI-powered ERP system can predict customer churn based on historical data and customer behavior patterns, allowing businesses to proactively address potential issues and retain customers.

• Process Automation:AI and ML can automate repetitive tasks, freeing up employees to focus on more strategic activities. For example, AI-powered robotic process automation (RPA) can automate tasks like data entry, invoice processing, and order fulfillment, increasing efficiency and reducing errors.
• Personalized Customer Experiences:AI-powered ERP systems can personalize customer interactions based on individual preferences and purchase history. For example, an ERP system can recommend products or services based on a customer’s previous purchases or browsing history, leading to a more tailored and satisfying experience.

Cloud Computing and ERP

Cloud computing is transforming ERP systems by providing businesses with scalable, flexible, and cost-effective solutions. Cloud-based ERP systems offer several advantages over traditional on-premises systems, including:

• Scalability:Cloud-based ERP systems can easily scale up or down to meet changing business needs. Businesses can access more resources as their operations grow without investing in expensive hardware infrastructure.
• Flexibility:Cloud-based ERP systems are accessible from anywhere with an internet connection, enabling employees to work remotely and collaborate effectively. This flexibility allows businesses to operate more efficiently and adapt to changing work environments.
• Cost-Effectiveness:Cloud-based ERP systems eliminate the need for significant upfront investments in hardware and software. Businesses pay a subscription fee based on their usage, making it a more affordable option for organizations of all sizes.

The Future of ERP: Integration and Interoperability

The future of ERP systems lies in integration and interoperability. Businesses are increasingly looking for solutions that seamlessly connect with other systems and applications, creating a unified and streamlined ecosystem. This integration allows for better data sharing, improved collaboration, and enhanced decision-making.

• API Integration:Application Programming Interfaces (APIs) allow ERP systems to connect with other applications, such as CRM, marketing automation, and e-commerce platforms. This integration enables businesses to share data across different systems, improving efficiency and reducing data silos.
• Data Analytics and Business Intelligence:Integrated ERP systems provide access to real-time data from various sources, enabling businesses to gain valuable insights into their operations. Business intelligence tools can analyze this data to identify trends, opportunities, and areas for improvement.
• Mobile Accessibility:Mobile-friendly ERP systems allow employees to access critical information and manage tasks from anywhere, anytime. This mobility enables businesses to operate more efficiently and respond quickly to changing market conditions.

Summary

As technology evolves, ERP systems are constantly adapting, incorporating cutting-edge technologies like artificial intelligence and cloud computing. The future of ERP holds exciting possibilities, promising even greater efficiency, automation, and insights. By understanding the current landscape and future trends, businesses can leverage ERP systems to achieve their strategic goals and thrive in the ever-changing digital world.

FAQ Explained

What are the key benefits of using an ERP system?

ERP systems offer numerous benefits, including improved efficiency, enhanced data visibility, reduced costs, better inventory management, streamlined workflows, and improved customer service.

How much does an ERP system cost?

The cost of an ERP system varies significantly depending on factors such as the size of your business, the complexity of the system, and the chosen vendor. Some systems offer subscription-based pricing, while others require a one-time purchase.

What are some common challenges associated with ERP implementation?

Common challenges include data migration, user training, integration with existing systems, and managing change within the organization.

How long does it take to implement an ERP system?

The implementation timeline depends on the complexity of the system and the size of your business. It can range from a few months to a year or more.