What is ERP?

• ERP stands for “Enterprise Resource Planning”. 

• The definition of enterprise resource planning is an

integrated software solution used to manage a
company’s resources. 
• ERP systems integrate all business management
functions, including planning, inventory/materials
management, engineering, order processing,
manufacturing, purchasing, accounting and finance,
human resources, and more.
Why implement an ERP system?

• ERP software integrates all departments and functions

across a company onto a single computer system that can
serve all those different departments' particular needs. 
• ERP combines finance, HR, manufacturing and
distribution all together into a single, integrated software
program that runs off a single database so that the various
departments can more easily share information and
communicate with each other. 
• This integrated approach can have a tremendous payback
provided the software is installed and used correctly.
What are the benefits of an ERP
System?
• The benefits derived from ERP can far outweigh
the costs of the system, providing that the
system is selected carefully and is appropriate
for your company from a feature, cost, and
technology standpoint. 
• Some of the benefits realized are:
• A single integrated system
• Streamlining processes and workflows
• Reduce redundant data entry and processes
 Benefits contd…
• Establish uniform processes that are
based on recognized best business
practices
• Information sharing across departments
• Improved access to information
• Turn collections faster based on better
visibility into accounts and fewer billing
and/or delivery errors
 Benefits contd…
• Improved workflow and efficiency
• Improved customer satisfaction based on
improved on-time delivery, increased
quality, shortened delivery times
• Reduced inventory costs resulting from
better planning, tracking and forecasting of
requirements
 Benefits contd…
• Decrease in vendor pricing by taking
better advantage of quantity breaks and
tracking vendor performance
• Track actual costs of activities and perform
activity based costing
• Provide a consolidated picture of sales,
inventory and receivables
• What are Enterprise Resource Planning (ERP) Systems?
• SAP mean System Applications and Products
• Incredibly large, extensive software packages used to manage a
Company's business processes.
• Standard software packages that must be configured to meet the
needs of a company
• Database programs with the following functions:
• Input
• Storage/Retrieval
• Manipulation
• Output
Who are the big ERP vendors?
•SAP, the German juggernaut
•Systems, Analysis and Products in Data Processing.
•It is implemented in every fortunes 500 companies
at least 9 out of 10
•Oracle/PeopleSoft/J. D. Edwards (J.D. Orisoft)
•Microsoft Great Plains, aimed at smaller companies
•SAP Business One is competing product
• It brings discipline in the Company
• Has various authorization level, Complete tract
record of entries, correction and movements.
• Drilldown facility for mapping the complete
transaction
• Brings over all efficiency in the organization
• Best for growth of business
• Brings various controlling mechanism
• Export / import of data to external source
• It can be implemented in various languages
• It can handle multiple currencies
• Auto bank reconciliation
• Scope for work from home or gives freedom to work
form remote location
• It gives opportunity to use same data to address
more then one period.
• Provided confidence to auditors
• It enhance your carrier