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Business Management Software (BMS/ERP)

ERP integrate all data and processes of an organization into a unified system. A typical ERP system will use multiple components of computer software and hardware to achieve the integration. A key ingredient of most ERP systems is the use of a unified database to store data for the various system modules. The stored data is a shared database that supports multiple functions used by different business units. In practice, this means that employees in different divisions—for example, accounting and sales—can rely on the same information for their specific needs.

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Business Management Software (BMS/ERP)

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  1. Business Management Software (BMS/ERP)

  2. Introduction • ERP integrate all data and processes of an organization into a unified system. • A typical ERP system will use multiple components of computer software and hardware to achieve the integration. • A key ingredient of most ERP systems is the use of a unified database to store data for the various system modules. • The stored data is a shared database that supports multiple functions used by different business units. • In practice, this means that employees in different divisions—for example, accounting and sales—can rely on the same information for their specific needs.

  3. Enterprise ERP Trends • Mobile ERP:-Executives and employees want real-time access to information, regardless of where they are. It is expected that businesses will embrace mobile ERP for the reports, dashboards and to conduct key business processes. • Cloud ERP:-The cloud has been advancing steadily into the enterprise for some time, but many ERP users have been reluctant to place data cloud. Those reservations have gradually been evaporating, however, as the advantages of the cloud become apparent. • Social ERP:-There has been much hype around social media and how important —or not — it is to add to ERP systems. Certainly, vendors have been quick to seize the initiative, adding social media packages to their ERP systems with much fanfare. But some wonder if there is really much gain to be had by integrating social media with ERP. • Two-tier ERP:- Enterprises once attempted to build an all-encompassing ERP system to take care of every aspect of organizational systems. But some expensive failures have gradually brought about a change in strategy – adopting two tiers of ERP.

  4. The Business Value of ERP At its core, ERP helps employees do their jobs more efficiently by breaking down barriers between business units. More specifically, an ERP solution: •  Gives a global, real-time view of data that can enable companies to address concerns proactively and drive improvements •  Improves financial compliance with regulatory standards and reduces risk •  Automates core business operations such as lead-to-cash, order-to-fulfillment, and procure-to-pay processes •  Enhances customer service by providing one source for billing and relationship tracking.

  5. ERP for SME • ERP is often considered synonymous with enterprise computerization, which significantly dilutes the concept. • ERP is much more than computerizing the existing operations and is really an integrated change process, which encompasses all levels and elevates the total organization to a higher level of information, expertise and intelligence. • The SME segment is large and offers substantial potential to the ERP vendor. However, this segment is also extremely price-sensitive and is generally intolerant of high gestations on realizations from investment. • Hence, this segment would be keen on an effective but low priced solution

  6. Benefits •  Eases decision making •  Increases efficiency of business •  Increases data security •  Makes work transparent •  Increase co-ordination between diverse departments •  Improves the relationship between customer and business •  Lowers the cost operation •  Provides a competitive advantage

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