Enterprise Resource Planning Assignment

Added on -2021-02-21

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Table of ContentsINTRODUCTION...........................................................................................................................11.Enterprise Resource Planning. it Advantages and disadvantages ...........................................12.Up Gradation of Altium company with ERP...........................................................................3Company can up grade with the ERP system because of the following reasons. ......................33. Top 10 brands which offers ERP solutions to SMEs ..............................................................44. A Comparative Analysis among all the companies ................................................................45. The brand which is more feasible among other brands ..........................................................6CONCLUSION ...............................................................................................................................6REFERENCES................................................................................................................................8
INTRODUCTIONEnterprise Resource Planning is a software which is designed to integrate the crucialfunctions areas of a company's business process into a collaborative or unified system(Nwankpa, 2015). it involves the core software components known as Modules that basicallyfocuses on the essential business areas. Present report lay emphasis on the Altium Limitedwhich is an American Australian software company. it can motivate to provide software knownas Enterprise Resource Planning (ERP) which is used to integrated Various Business processwith its advantages as well as disadvantages. It also highlights the various reason to companyupgraded with ERP. It also list the top ten companies which offer ERP and also focus on thecomparison among the companies that which is best feasible brand for the company in terms ofcost benefits. 1.Enterprise Resource Planning. it Advantages and disadvantages Enterprise Resource Planning is known as a Business Process used by the companies tomanage as well as integrate all the important parts which are linked to their businesses. It is alsoused to automate various back office functions which are related to services,Technology as wellas Human Resources (Kilic, Zaim .and Delen, 2015). ERP software typically combines all features of operation such as product planning,manufacturing, development ,sales as well as marketing in a single application,database as wellas user interface.Thus the business is very huge or small there are various benefits of ERP software that willbenefits to the company. It is a customizable application that allows business to combine orintegrate and also mangers the most vital processes . Thus there are various advantages as well asdisadvantages of ESR system which is given below (Rajan.and Baral,2015).Advantages of ERPFocused IT costsERP needs a large investment but at the same time it can unify its costs as well asimprove efficiency. Rather than spending resources on various system which required dedicatedstaff members,support teams ,infrastructure and licenses. All these cost focus into one ERP.Additionally, if company spend more on desperate systems that it needed a centralised ERPsystem which might save overall IT cost .while using single system it may minimizes training1
requirements. it needed one system rather than using various individual applications (Shen, Chen.and Wang, 2016). Improved Reporting and PlanningImplementing ERP Gives the ability to analyses as well as compare function all overdepartments. With having a single source of an ERP system it can generate report as well asanalysis at same time. Here the most popular report includes the finances. it includes the standardfinances reports for example income as well as cash flow statements, also the custom reports cangenerate without the use of IT intervention (Alcivar .and Abad,, 2016).Improved Efficiency ERP reduces the I.T as well as training cost along with this it can also minimizes thetime as well as efforts to do daily activities. With the proper implementation of ERP system itcan greatly reduce the repetitive of manual process and also freeing their team members so thatthey can focus on the tasks which are revenue affecting.Customer servicesClients of company also receive benefits of the ERP system even they are not awareabout it. As clients information is centralised as well as streamlined the sales team of thecompany can focus on the building as well as maintaining the relationship with the customersrather than maintaining Spreadsheets. Here most of the ERP system supports the eCommerceintegration(Jagoda .and Samaranayake,2017).Data Security as well as Qualityone of the major advantage of the ERP system is data security .here the sharing of dataacross functional silo such as sales,business development,customers services increase thecollaboration within a company while its other side is controlling the widespread data accessabout who can see as well as edit the information (Tenhiälä . and Helkiö, 2015). As ERP systemprovides the high level of data security that can provide through a single input system. Integrateinformation from various system create the conflicts among the sources ,but this software hassingle responsive system which can improves the accuracy ,security as well as consistency of thecompany's data.The database system of ERP such as cloud base system offers the firm a high level ofsecurity .it also gives centralised backups of the critical as well as sensitive data .it provide anextra layer. Hence the data of the company is managed by the cloud which ensures their servers2

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