more-arw search

Enterprise Resource Planning (ERP) Systems Buyer's Resources

Enterprise Resource Planning, or "ERP" systems have been around for decades. Long before the name was coined in the early 1990's. ERP systems have changed over the years and the term is used loosely to describe the systems of record for various corporate data. For instance, in the early days of ERP, the systems grew strongly around manufacturing companies. This typically meant manufacturing control capabilities including Bills of Material (BoM's), material planning, inventory management, and financial systems to track the values of all elements of the process. ERP systems have grown in the past two decades. They have also shrunk in many ways. It used to be that ERP systems were only used by massive, global manufacturers (think GM or Intel). But now they are used by companies of all sizes, in almost all industries. And the term "ERP" is now shorthand for all sorts of capability collections, such as Financials plus CRM, or Financials plus eCommerce plus logistics, in addition to more traditional uses. Seems like the core element is financials (general ledger and beyond), and that anything can be layered on these days, and delivered at prices from hundreds per month up to many millions for large installations.

Educational Articles

Long before need is inevitable, ERP implementation begins with software evaluation. Hundreds of questions will arise as installation progresses, but eight pivotal questions can launch the thought process: Is the ERP software user friendly?
As noted in "The Proformative Community Guide To ERP Selection & Implementation," to stay competitive, companies at every growth stage must continually reassess accounting and ERP programs.
Navigating a daunting ERP maze requires sound guidance. One misstep can undermine objectives and even go backwards. A familiar cautionary tale illustrates consequences. Owing to the ineffective deployment of an ERP solution, Hershey reportedly lost $100 million leading up to its pivotal Halloween candy sales season in 1999.

Recent Activity

Sheetal Kamble
Title: Software Analyst
Company: Technology Counter
(Software Analyst at Technology Counter) How is POS Different From My Accounting Software?
Member's Profile
petterson bennett
Title: accountant
Company: Accounting Outsourcing
(accountant at Accounting Outsourcing) Employer of Record (EOR) is an alternative payroll solution often provided by staffing companies.
Member's Profile
petterson bennett
Title: accountant
Company: Accounting Outsourcing
(accountant at Accounting Outsourcing) Its necessary for small business that how to maintain employment of records..need to discuss about that
Anonymous Member
Anonymous
(Freelancer) I'm not sure how to explain this, so I'll try my best. I'm self-employed. I do freelance work for a website. I don't know how to pay myself though. I mean I don't know how to make the journal entries for my accounting books. So far my books just look like a fancy checkbook...
Anonymous Member
Anonymous
(Manager of Accounting) We have an international subsidiary with a cost plus agreement. The subsidiary does not generate any revenue and is established only to handle the wages and employee benefits of our international employees in that country. We have a cost plus agreement between our US parent...
Member's Profile
V TEK
Title: International controller
Company: None
(International controller at None) Hi all How the capital movement should take place between branch and the parent entity? Here I am referring to best practices when it comes to excess cash blocked in the branch? Thanks