Question

Option 1. How does an ERP system enforce best practices for an organization? Provide an example.

Option 2. Describe one example of a Business Process that can be embedded or automated within an ERP.

Answer 1

1. Enterprise resource planning(ERP) refers to a type of software that organisations used to manage day to day business activities such as accounting , procurement, project management and risk management etc. An ERP system is a software application with a centralised database that is implemented across the entire organisation. It enforces best practices through the business processes embedded in the software. An ERP software is expected to be a key component of managing your core business processes. Having Clearly defined goals is a catalyst for ERP software implementation success. SAP S/4HANA India future ready enterprise resource planning system with built-in intelligence Technologies including AI , machine learning and advanced analytics . It transforms business processes with intelligent automation and runs on SAP HANA - a market leading in memory database that offers real time processing speed and a dramatically simplified data model. Oracle ERP cloud - Oracle ERP cloud model dynamic software that is used by a wide range of customers. The suite of cloud applications leverages Artificial Intelligence and machine learning to automate everyday tasks. Oracle ERP cloud based Software Solution used to automate back office process and day-to-day business activities. It is a business management software Suite that includes financial management , supply chain management , project management , accounting , risk management and procurement.