WHAT IS ERP?
ERP is a term that is widely used yet probably not well understood. It stands for Enterprise Resource Planning and although it was initially targeted to manufacturing companies, today it encompasses any product that can be used across an enterprise. When implemented effectively, ERP enables companies to break down traditional organizational silos, replacing them with a tightly integrated horizontal structure in which strategy, organizational structure, process and technology are closely aligned. Applications can include financial, distribution, manufacturing, human resources, payroll, and project costing.
There is a lot of confusion between an accounting system and ERP. In the past, an accounting system was limited to just financials, but that has changed over the last few years and its now hard to distinguish between an accounting system and an ERP system. The difference between them is a matter of degree as can be seen in the following chart.
Criteria
Accounting SystemERP
Enterprise-wideMaybeYes
ScalablePartiallyYes
FeesLow to MediumHigh
Ratio of Implementation Fees : License< 1 > 1
Customization...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
