Enterprise Resource Planning ( Erp ) Systems Essay
ERP systems are bought off-the-shelf then tailored to the businesses needs. This means businesses are able to gain the best practices available from IT systems worldwide. ERP helps employees do their jobs more efficiently by breaking down barriers between business units. ERP creates valued benefits for a business. These benefits can include giving a real-time view of data, improvement of financial compliance, automation and enhanced customer satisfaction ERP software also helps to eliminate unneeded processes and systems, which can dramatically lower the cost of business overall.
It has been shown in many studies that the average payback time period after implementing an ERP system is 25 months. (Panorama Consulting Solutions, 2013).
When implementing an ERP system you need to be aware of many key factors or steps…