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Former Member

What is the use of ERP implimentation in Financials.

Hi SAP experts,

I would appriciate if any one can clearify the basic question of 'Use of ERP implimentation particularly in Financials. Though it seems a simple question, but contains a very good information.

Reward Points will be given for all the replies.

Thanks inadvance

Namrata

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 01, 2007 at 05:24 PM

    Hello Namarata,

    As you know ERP is a software ( SAP/Oracle/Peoplesoft/JDEdwards) and so on

    Except SAP all others cannot handle multi companies / high dimensional / cross continental / and so on. SAP dominates the functionality.

    Coming to financials, it is the crux of any ERP or any business. Profitability and cost reduction and cost management is vital information to every business.

    Every ERP records and reports a transaction. Every transaction might have a financial implication or some times may not. The good point in any ERP is to record and report all financial transactions.

    There are so many modules in SAP and each one of them if integrated with Finance, reporting and recording becomes simpler.

    Appreciate if you have specific questions, so that I can give specific answers.

    Reg

    *assign points if useful

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 02, 2007 at 11:43 AM

    In all the transactions happened in the organisation will have financial impact. Hence if you implement Financials in ERP you can be lest assure that all the transactions have been recorded and reported in your financials.

    An organisations performance is measured based on its financials, hence maintaining an accuarate financials is important.

    By implementing ERP you can eleminate the redundacy.

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