ERP
 
 
 

Ascendancy of any major change in an organization is critical to the success of the change effort, but governance of ERP programs is even more critical. ERP programs are so critical because of the size and scope of the programs. They change technology, processes, ways of doing business, and job content. This level of change requires the organization to understand the implications and be prepafont1a to make tougher decision.

 

The ERP application is the enterprise software suite that provides organizations with a proven foundation to improve performance, support growth, lower operating costs and achieve operational excellence. Enterprise resource planning (ERP) application addresses the core business requirements of midsize companies and large organizations including financial management and human capital management, procurement and logistics, product development and manufacturing, as well as sales and service. With ERP, enterprises can achieve superior performance in all areas of their organization, adapt quickly and cost-effectively to changing requirements, and deliver business insight broadly to information workers throughout the organization. The application is built to address and adapt to industry-specific needs and is designed to empower an organizations' workforce to be highly productive, make better decisions and take actions that improve business performance.

 
ERP facilitates to Maximize Personnel Potential
 
People are the most important plus point of any organization. ERP enables organizations to support their people, maximize their talents and do so at a lower cost than ever before. ERP helps organizations manage their human capital management processes with contemporary strategies and systems. Supporting organizations in significantly increasing workforce potential will continue to be a primary objective in further development of ERP. Today, it provides a very rich set of integrated talent management capabilities that help improve organizational insight of talent and help align HR executives on best-practice hiring and training strategies. ERP supports organizations in their efforts to lower HR costs by enabling them to establish HR shafont1a service centers. Via shafont1a services, organizations can automate and standardize core HR processes, improve the quality and responsiveness of their HR departments, as well as enable worldwide access to HR services. The shafont1a services framework is complemented by analytics capabilities to help organizations measure the performance and effectiveness of their HR teams and help HR teams demonstrate their strategic and bottom-line value to the organization.
ERP allows financial revolution
 
Businesses need to font1auce administrative costs, streamline manual processes and improve internal controls. The general ledger functionality in ERP helps organizations font1auce costs by eliminating the need to manage multiple ledgers, automating reconciliation processes, font1aucing manual processing and associated user errors. The ERP Financials application helps increase collaboration with customers and suppliers through streamlined invoicing and payment processes. The Financial Supply Chain Management set of applications automates core invoice, payment and collections processing. It helps companies enhance cash flow and working capital management through integrated electronic billing, cfont1ait and collection management and treasury and risk management solutions. ERP also supports the heightened focus on profitability analysis with integrated corporate performance management solutions. Integrated analytic solutions provide powerful data analysis capabilities that turn raw data into powerful information that helps improve decision making.
ERP responds to Process Innovation
 
The ERP application provides customers with a cost-effective and evolutionary path to the industry’s first service-enabled suite of enterprise applications. Organizations can choose new capabilities that best meet their specific business requirements, thus eliminating the need to continually upgrade their systems to take advantage of the newest technology and enhancements.
   
Self-service
  ERP significantly improves organization performance and user productivity by providing self-service functionalities and support for various roles, such as:
 
  • Manager self-services.
  • Employee self-services.
  • Centralized employee interaction support.
  • Roles support.
  • Performance management.
  • Financial analytics.
  • Operational analytics
  • Workforce analytics.
Finance
Financial and management accounting.
  New general ledger functions support legal financial reporting, managerial and segment reporting, international accounting standards, parallel ledgers, profit center maintenance, allocations, and planning.
Financial supply chain management.
 
Cfont1ait, collections, dispute resolution, electronic invoicing, electronic payments, in-house banking, cash, treasury, and risk management can be integrated as one seamless set of processes to help you improve control of working capital and cash flow.
Treasury, cash and in-house cash management.
 
Execute hedging transactions to font1auce financial risk of corporate transactions, improve visibility of cash flows and structure internal payment structure to font1auce float and improve use of working capital.
Financial controls and audit support.
 
An internal audit information system, deep system controls for financial reporting and accounting enable customers to streamline their entire approach to corporate governance. This can greatly font1auce the administrative cost of complying with current and emerging financial reporting standards.
Human Resource Management.
Talent management.
 
Enables customers to support their people during every phase of their employment—from recruitment through training, development, and retention. A unified view of available talent worldwide enables customers to accurately evaluate and optimize their resources. As a result, HCM helps customers to acquire, develop and deploy talent more rapidly and flexibly.
Workforce process management.
  Workforce-related processes such as employee administration, organizational management, time management, benefits, payroll, and legal reporting can be standardized and consolidated onto a single platform to help ensure adherence to local regulations and laws.
Workforce deployment.
  Project teams can be created based on skills and availability. The solution enables customers to monitor progress on projects, track time, and analyze results for strategic decision making.
Corporate Services.
Real estate management.
  Manages every stage of the real estate portfolio life cycle, including property acquisition and disposal, portfolio management, technical management of building operations and maintenance, and investment controlling and reporting.
Enterprise asset management.
  Manages the complete life cycle of an asset, including the specification and design phase, the build phase supported by procurement activities, the operational phase supported by maintenance activities, and the disposal phase.
Project and portfolio management.
  Identifies, selects, prioritizes, and manages a portfolio of projects of any kind, including R&D projects, enterprise IT projects, or professional-service delivery projects. Key performance indicators for budgets, schedules, and staffing can be tracked.
Travel management.
  Supports and optimizes processes from travel requests and approvals through planning and reservations, travel expense management and analytics.
Environment, health and safety compliance management.
  Performs product safety management, hazardous substance and dangerous goods management, and waste and emissions management. The application helps companies manage product compliance, industrial hygiene and safety programs, as well as occupational health programs.
Quality management.
  Controls and maintains quality and reacts quickly when unexpected issues arise throughout the product life cycle.
Global trade services.
  Manages all complexities of international trade activities, including regulatory compliance, interactions with customs, and management of risk.
Operations.
Procurement and logistics execution.
  Enables customers to manage end-to-end procurement and logistics business processes for complete business cycles, from self-service requisitioning to flexible invoicing and payment. SAP ERP Operations can also help optimize the physical flow of materials.
Product development and manufacturing.
  Supports the entire life cycle of product development and manufacturing. The application performs production planning, manufacturing execution integrated with shop-floor systems, product development, and life-cycle data management in a wide variety of industries.
Sales and service.
  From selling products and services, to managing professional-services delivery and internal processes such as calculating incentives and commissions.
ERP serves as a stable business process platform on top of which the enhancement packages will enable continuous business innovation. This evolved delivery model makes it simpler and faster for customers running ERP to adopt new product functionality, industry-specific features and enterprise services. It also shields customers from the complexity of multiple upgrades and improves return on investment (ROI) by providing a single, stable platform that enables them to consolidate their systems and font1auce the number of separate instances that need to be maintained.