ERP is a software system that helps businesses streamline their core processes. ERP systems can integrate processes like finance, human resources, supply chain, sales, and procurement into a single platform. 

ECM is a software system(s) for managing, storing, and analyzing business content. It involves capturing, storing, preserving, and delivering content to support organizational processes.

Electronic Records: any combination of text, graphics, data, audio, pictorial, or other information representation in digital form that is created, modified, maintained, archived, retrieved, or distributed by a computer system.

Electronic Signatures: a computer data compilation of any symbol or series of symbols executed, adopted, or authorized by an individual to be the legally binding equivalent of the individual’s handwritten signature.

Open System: an environment in which system access is not controlled by persons who are responsible for the content of electronic records that are on the system.

Closed System: an environment in which system access is not controlled by persons who are responsible for the content of electronic records that are on the system.