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    Erp Powerpoint Presentation4674

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    An ERP system attempts to integrate all departments within a company onto a single computer system. ERP has its roots in MRP and MRPII systems from the 1970s-1980s as companies realized the importance of information flow. For accounting, ERP will integrate financial data, provide real-time information, and improve efficiency. Implementing ERP involves vendor selection, business strategy formation, integration testing, training, and rollout. The total cost of ownership for ERP is estimated to be $15 million on average, and benefits are not immediate while hidden costs include extensive training, integration, and consultant fees.

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    Erp Powerpoint Presentation4674

    Uploaded by

    SatDevo
    18 views10 pages
    An ERP system attempts to integrate all departments within a company onto a single computer system. ERP has its roots in MRP and MRPII systems from the 1970s-1980s as companies realized the importance of information flow. For accounting, ERP will integrate financial data, provide real-time information, and improve efficiency. Implementing ERP involves vendor selection, business strategy formation, integration testing, training, and rollout. The total cost of ownership for ERP is estimated to be $15 million on average, and benefits are not immediate while hidden costs include extensive training, integration, and consultant fees.

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    An ERP system attempts to integrate all departments within a company onto a single computer system. ERP has its roots in MRP and MRPII systems from the 1970s-1980s as companies realized the importance of information flow. For accounting, ERP will integrate financial data, provide real-time information, and improve efficiency. Implementing ERP involves vendor selection, business strategy formation, integration testing, training, and rollout. The total cost of ownership for ERP is estimated to be $15 million on average, and benefits are not immediate while hidden costs include extensive training, integration, and consultant fees.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    18 views10 pages

    Erp Powerpoint Presentation4674

    Uploaded by

    SatDevo
    An ERP system attempts to integrate all departments within a company onto a single computer system. ERP has its roots in MRP and MRPII systems from the 1970s-1980s as companies realized the importance of information flow. For accounting, ERP will integrate financial data, provide real-time information, and improve efficiency. Implementing ERP involves vendor selection, business strategy formation, integration testing, training, and rollout. The total cost of ownership for ERP is estimated to be $15 million on average, and benefits are not immediate while hidden costs include extensive training, integration, and consultant fees.

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    Enterprise Resource Planning

    Members in Accounting FAG:


    Andy Wong *Eddie Nehme Nayef Al-Abdulwahed Denise Siele

    Today we will be covering:


    What is ERP? History of ERP What will ERP do for the accounting department? ERP Implementation Costs of ERP Advantages/Disadvantages To ERP or not to ERP?

    What is ERP?
    Is an information system that attempts to integrate all departments and functions across a company onto a single computer system that can serve all those different departments particular needs Some of ERPs functions include:

    Bookkeeping & Accounting Human Resource Management Planning Production Supply-Chain Management

    History of ERP
    ERP has its roots in the MRP and MRPII systems of the 70s and 80s. Came about as companies realized that the management and flow of information was just as important as materials and inventory management. ERP has also evolved considerably with computer and technology advances.

    What will ERP do for the Accounting Department


    To integrate financial data
    Real time information Improves efficiency

    Implementation
    Sits on an existing database Vendor Selection Business Strategy Formation Integration Testing and End-user Acceptance Training Rollout

    Costs of ERP
    Costs to implement an ERP system is not just a one-time thing. Real costs are in constant training, upgrading, and maintenance. Average Total Cost of Ownership (TCO) is $15 million. Benefits are not seen right away.

    The hidden costs


    Training Integration and testing Data conversion Data analysis Consultants ad infinitum Replacing your best and brightest Implementation teams can never stop

    Advantages/Disadvantages
    Advantages: Information entered once into system Allows customization Provides functionality to interact with other modules
    Disadvantages: Implementation is expensive and lengthy Maintenance is costly and time consuming Data errors are replicated through the system

    To ERP or not to ERP?


    Cost vs long term gain Lets do it!!

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