This document discusses the requirements and benefits of implementing a web-based core ERP system for small and medium enterprises. It notes that ERP can help businesses increase sales, improve margins, reduce losses and recovery times by integrating key functions like sales, purchasing, accounting, production and inventory management. The document also outlines some of the challenges ERP can help address like cost control, informed decision making and timely execution. It provides an overview of what ERP is, its features and subsystems, and recommends taking a systematic approach to implementation that includes understanding current processes and getting commitment from departments.