Knowledgebase

What an ERP System Does Print

  • businesssystems, business, database, billing, guide, howto, solution, zillionkinghost
  • 0

Integrated operational management.

WHAT IT IS

One system covering several core business functions, sharing a single database.

WHAT IT TYPICALLY INCLUDES

General ledger and financial management Accounts payable and receivable Purchasing and supplier management Inventory and warehousing Sales and order management Manufacturing, where relevant Reporting across all of it

WHY INTEGRATION IS THE POINT

A sale updates inventory, triggers fulfilment, creates an invoice and posts to the ledger, without re-entry.

WHAT THAT ELIMINATES

Duplicate data entry Figures disagreeing between departments Delay between an event and its financial effect

WHAT MODULES ARE

Functional areas, licensed and enabled separately.

WHAT TO ENABLE

What you will actually use.

WHY NOT EVERYTHING

Unused modules complicate configuration and cost money.

WHAT A CHART OF ACCOUNTS IS

The structure of financial categories everything posts to.

WHY IT MATTERS ENORMOUSLY

It determines what reporting is possible, and changing it later is disruptive.

WHAT MASTER DATA IS

The core records everything references: customers, suppliers, products, accounts.

WHY ITS QUALITY DETERMINES EVERYTHING

Every transaction references it, and errors propagate throughout.

WHAT TO INVEST IN BEFORE ANYTHING ELSE

Getting master data right.


Was this answer helpful?
Back

Are you happy with your experience? Leave us a review on Trustpilot.


Trustpilot