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Course Notes from ERP 101 (Part 2b)

29 December 2012
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The core benefit of ERP is integration of systems and data to make business operations more manageable. Instead of having each business unit in a large organization manage its own human resources, financial, and manufacturing systems, ERP uses a single integrated system and database to maintain all of the transactional data for the organization.

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Course Notes from ERP 101 (Part 2b)

System Integration. This is what ERP is all about. The core benefit of ERP is integration of systems and data to make business operations more manageable. Instead of having each business unit in a large organization manage its own human resources, financial, and manufacturing systems, ERP uses a single integrated system and database to maintain all of the transactional data for the organization. So for each of the following features, you can look at it as an "integrated" feature under ERP.

Human Resources Management. For most business operations, the most expensive resources are employees and other human resources (HR). Managing the information connected with these resources is a huge task, and no two systems are alike in the way they handle HR data. Standardizing HR data is a big benefit of ERP, and a key feature to look for in any ERP package is its HR module. Managing information regarding HR events such as hiring, training, promotions, benefits, and terminations are all critical to your operations.

Finance and Accounting. ERP systems can integrate your financial and accounting systems and provide organization- wide views into your business that might not otherwise be possible. ERP also facilitates drilling down to a detail level to analyze financial data for services, products, customers, and markets. Using ERP to manage finance and accounting can help you put in place standardized long-range planning and make that planning a part of your core business. For some organizations,finance and accounting is the most important ERP module. In truth, though, there is not a lot of difference between one vendor’s F&A applications and another’s. This is a very mature segment of the ERP big picture and, while essential, not likely to be the reason you choose one solution over another.

Continued in Part 3

 

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