In: Accounting
Give examples of Saudi companies that using ERP and what are the advantages of implementing the ERP? (write max 200 words with evidence in your own words) (2 Points)
Enterprise Resource Planning
ERP is a business management software. ERP is the world best Erprise Resource Planning software which is used by many companies to manage their business activities.Enterprise Resource Planning is the integrated management of core business processes which help the organization to collect, store,manage and interpret data from various business activities. The ERP system integrate varied organizational systems and facilitate error free transactions and productions, there by enhancing organizational efficiency. ERP system run on variety of computer hardware and network configuration, typically using a database as an information repository.
Advantage ofERR
1.ERP system provides improved efficiency and productivity.
2.It helps establishment of standardised procedures.
3.Improved both internal and external communications in an organization.
4.Improved decision making process in an organization
5.When a company has an ERP system is more competitive in an environment in which it operates.