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3 Cards in this Set
- Front
- Back
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Features of sap ERP |
1) first software that could deliver real time ERP integration 2) usability by large companies 3) high cost 4) automation of data updates 5) applicability of best practices |
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Components of Accounting and finance module |
1) General ledger: it is essential both to financial accounting system and to strategic decision making 2) accounts receivables: the account receivables is tracking all invoices that is awaiting payment from customers 3) assets accounting: fixed assets management like acquisition, depreciation, retirement etc. 4) legal consolidation: it is a financial process and allows to show the assets, financial position and income of a group as if the group were a single enterprise. 5) controlling: early warning to avoid any negative effect on the finance of any department BEST EYE VIEW |
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Benefits of ERP system |
1) makes efficient business process that will cost less than unintegrated system 2) easier global integration 3) integrates people and data while eliminating the need to update and repair many separate computer systems 4) allows managers to manage and monitor operations 5) reduce costs and improve operational efficiency. |
