Abstract: The use of ERP systems is becoming an integral part of business information support and allows enterprises to rationalize the use of resources. The purpose of the article is an in-depth analysis of the use of ERP systems in the activities of enterprises, identification of the advantages and limitations of their practical application, which allow the development of ERP systems on the basis of technological, organizational and cognitive convergence to meet the changing needs of modern business. The study used the methods of case analysis, synthesis, and graphical visualization of information. The paper develops the applied aspect of certain areas of modern institutional economic theory, in particular the theory of evolutionary economics. Attention is focused on how the factor of technological progress affects the transformation of company management due to the principle of bounded rationality. The study summarizes the practice of using ERP systems and analyzes the relationship with the processes of convergence of information, communication, management, and cognitive technologies. The factors of rational use of resources based on ERP system data for four types of operating models of companies are identified. They are identified depending on the level of standardization and integration of business processes. Integration contributes to the rational use of resources through the automation of routine processes but requires several business units to use common practices for working with information in terms of its receipt, registration, storage, confidentiality, and distributed access. Standardization brings cost savings and efficiency by unifying and speeding up business processes but limits the ability to transform individual processes to adapt to rapid changes in the environment. The results of the study will help enterprises when implementing or transforming ERP systems to determine their desired configuration, in accordance with business needs, while maintaining the required level of adaptability of business processes. The results will also be useful for researchers conducting comprehensive studies of the impact of information technology on business operations. Technological advances mean that ERP systems continue to evolve and integrate with other technologies, such as artificial intelligence, the Internet of Things, and machine learning, to provide businesses with valuable context that transforms information into unique knowledge, which outlines the prospect for further research.