ERP: The Pros and Cons
The advantages of ERP systems are:
❐ ERP contains an overall business model that provides
organisations with an inherent set of business processes, linking together
different organisational functions and ensuring the most efficient
flow of data.
❐ ERP links physically separate business processes such
as order tracking, finance and Human Capital Management, based on common
data sets. ERP eliminates the time delay that can prevent
accurate forecasting, for example, allowing inventory and resourcing
estimates to be kept at an optimum level.
❐ Because ERP Systems centralise data in one place, they
eliminate the problem of synchronising changes between multiple systems
and the consolidation, for example, of different finance, payroll
and manufacturing applications.
❐ ERP links revenue, cost and profit data at a high level
of detail, enabling real-time financial modelling.
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