Course Description
"ERP" is the acronym for Enterprise Resource Planning. It can be defined as a suite of software used by different organisations across the globe to manage their day-to-day business activities, such as accounting, procurement, project management, risk management and compliance, and supply chain operations. A complete ERP suite also includes enterprise performance management – A software that helps to plan, budget, predict, and report on an organization’s financial results.
In today’s business world, it is difficult for an organisation to manage its day-to-day operation without a software. ERP is the answers to most of the business need as it supports every process possible in a company. ERP systems corral enterprise data and processes facilitating are able to align separate departments and improve their workflow that results into a significant bottom-line savings. Some of the specific business benefits include:
Improved business insight from real-time information generated by reports
Lower operational costs through streamlined business processes and best practices
Enhanced collaboration from users sharing data in contracts, requisitions, and purchase orders
High user-adoption rates from a common user experience and design
Reduced risk through improved data integrity and financial controls
Lower management and operational costs through uniform and integrated systems