Management Information Systems Islamia University of Bahawalpur Delivered by: Tasawar Javed Lecture 3b

ERP Systems ERP system is a kind of system that integrates management information by managing the flow of data across an entire organization. It typically implements a common enterprise-wide database as well as a range of application modules in order to support everyday business activity, for example finance, accounting, distribution, inventory management, sales, marketing, planning, manufacturing, project management, human resource. An ERP system is utilized for standardizing process and storing information as well as recalling that data when it is required in real time environment.

Enterprise Resource Planning Systems  A foundation to execute your business strategy  A sound foundation is necessary to compete and win in the global marketplace.  The SAP ERP application supports the essential functions of your business processes and operations efficiently and are tailored to specific needs of your industry. The Evolution in Computer Applications

Enterprise Resource Planning System SAP ERP, an application included in SAP BUSINESS SUIT software, delivers these solutions: SAP ERP FINANCIALS SAP ERP HUMAN CAPITAL MANAGEMENT SAP ERP OPERATIONS

SAP ERP FINANCIAL  Meet today's challenges in finance  with industry-leading financial management software in SAP ERP Financials.  Complete, industry-specific, scalable and global –  SAP ERP Financials enables your teams to address changing financial reporting standards, improve cash flow, and manage financial risks. Support your strategic business activities with these features and functions: ACCOUNTING AND FINANCIAL CLOSE TREASURY & FINANCIAL RISK MANAGEMENT INVOICE TO PAY RECEIVABLES MANAGEMENT SHARED SERVICES FOR FINANCE TRAVEL MANAGEMENT ERP Systems

ACCOUNTING AND FINANCIAL CLOSE  Comply with international standards while producing financial reports TREASURY & FINANCIAL RISK MANAGEMENT  Work for financial risk management, regulatory compliance, and cash flow monitoring INVOICE TO PAY  Streamline your account payable process, monitor payment status, and ensure payment compliance RECEIVABLES MANAGEMENT  Improve you account receivables management, streamline debt collections, and seamless integrations SHARED SERVICES FOR FINANCE  Get more value from your administrative resources with a financial shared services framework – and improve your control, visibility, and regulatory compliance. TRAVEL MANAGEMENT  Standard corporate travel processes ERP Systems

Human capital Management Optimize your HR processes with a complete, integrated, and global human capital management solution: SAP ERP Human Capital Management (SAP ERP HCM). With SAP ERP HCM, you get the help you need to attract the right people, develop and leverage their talents, align their efforts with corporate objectives, and retain top performers. ERP Systems

Human Capital Management  Service delivery  Talent management  Workforce analytics  Core HR and payroll  Strategic workforce management  E-recruitment ERP Systems

ERP operations For many organizations,  the SAP ERP OPERATIONS solution is the software backbone that contributes to  achieve operational excellence in key business areas,  including procurement and logistics execution,  product development and manufacturing, and  sales and service.  With SAP ERP Operations, you can streamline your  day-to-day operations to reduce costs,  increase revenues,  maximize profitability, and  improve customer service – all key benefits to sustain your competitive advantage. ERP Systems

ERP operations  Operations analytics Optimize entire supply chain, improve revenue and activities, increased customer satisfaction  Procurement and logistic execution Physical flow of materials, flexible invoicing and payments, procurement and logistic process efficiency  Product development and manufacturing Production planning, product development, manufacturing execution integration  Sales and services Manage customer focus activities, selling products and services, calculate incentives and commissions ERP Systems

Why Organizations buy ERP  The main reason that drives an organization decides to implement ERP solution is  Usually inefficiencies of business process.  Together with delivering the obvious advantages of business process automation,  Enhanced operational efficiencies  Easier accessibility of information,  ERP system implementation surely can fix the system a company executes its day by day processes. ERP system  when they deal with a number of complex and interrelated business troubles. ERP Systems

Enterprise Resource Planning Systems Business advantages:  Achieving company’s financial goals as a result of productivity gains as well as efficiency resulting from business process automation.  Managing and streamlining the large-scale the company’s operational processes, that may have raised in complexity due to acquisitions in the recent past or current significant organic growth, and also acquiring multi-currency, multi-office, multi-geography support  Replacing or upgrading the existing ERP system that is out of date or not capable of helping the company’s day to day processes  Obtaining the benefits of improved information management through the enhanced information accessibility, reduced data duplication and also better forecasting features.

Ten Things to Remember about AN ERP system No Exact Fit Modules vs Suite You have to Mix & Match Modules Add on Features/functionalities drive ERP Options to on-premise can be Found Pricing Models ROI Expectations Customization or Configurations Implementations Cost Component Enterprise Resource Planning Systems

ERP Evolution MRP= Material Requirement Planning System

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