Enterprise Resource Planning
To ensure the business operates effectively, a reliable software system is needed in facilitating the creation of data presentations and key reports to better understand the performance of the business.
An Enterprise Resource Planning, commonly known as ERP System, offers a plethora of benefits, most of which come from information sharing and standardization. The components of this system can share data more easily; they can make cross-departmental business processes easier to manage daily. The ERP System consists of the following:
- Accounting Information System
- Human Resource Information System
- Payroll System
- Inventory and Purchasing Management
- Management Information System
Today’s competitive environment is forcing companies to optimize the procurement processes and to ensure the accuracy of controls and implementation of standard procedures for the flow of materials. However, in the absence of appropriate systems and information infrastructure, companies are finding difficulties in achieving smooth and efficient business processes.
SYSTEM BENEFITS
- Boost company process efficiency by automating data collection;
- Enable business growth by managing increasingly complex business processes;
- Help lower risk by enabling better compliance;
- Foster collaboration using data sharing and integrated information;
- Enable better reporting and planning due to better data;
- Offer better compliance and data security, along with improved data, backup, and the ability to control user rights; and
- Provide better business intelligence and customer service capabilities.