An IT leader at Monsanto discusses managing the company's Enterprise Resource Planning (ERP) system. ERP systems help organizations manage core business functions like inventory, ordering, and finances. Monsanto implemented a PeopleSoft ERP system in 1991 to manage HR, payroll, benefits and other functions across multiple countries. Key challenges of managing the complex ERP system include application upgrades, addressing needs of acquisitions and divestures, and communicating the value of IT to business stakeholders. The future of ERP involves moving more to internet-based and self-service applications.