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FactsSHARP is the only Software Application that unifies HR, Payroll, and Talent Management into a single system-of-record. And with embedded analytics manager and employee self-service gives a user experience unlike any other enterprise application in Dubai (UAE).
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Understanding about FactsERP & FactsSHARP Answers for the questions to come…
ERP Systems Overview • Introduction to ERP • Create value through integrating activities across organization • Implementation of best practices • Standardization of processes • One-source data • On-line access to information
Benefits of ERP • Increases speed of information flows • Create value through integration of activities • Best practices improve operations • Standardization increases efficiency • One-source data more accurate, easier to access • Better organizational planning • Better communication • More collaboration
Why ERP? • Technical • Integration of computer systems foster consistency, efficiency • Financial • Integrating applications saves money • Organizational • All members of organization use same system
My Conception vs. Reality • Integrated System • In fact, vendors usually sell modules • I Would like to sell full system or rather sell concept • Buyers reduce cost, risk, by starting smaller scale • Risk of converting entire system • Complex cost impact
Best Practices • Firm’s vary in what is best for them • Business world dynamic • Rigid approach has dangers • A firm who develops a competitive advantage, they give it up by adopting “best practices”
ERP Supported Functions Financial Human Res Operations Sales & Mkt Trade & Logistics Accounts receivable Asset account Time accounting Inventory Orders Procurement (Purchase Cycle) Payroll MRP Pricing Order Processing (Sales Cycle) Cash forecast Cost accounting Exec Info Sys Personnel plan Travel expense HR Prod planning Project Mgmt Purchasing Sales Mgt Sales plan Retail MIS & Reporting Inventory Management Financial consol General ledger Quality Mgmt Shipping Job Costing Accommodation Management Profit analysis Standard costing Vendor evaluation Trade & Logistics Loan Management Asset Management
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