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Enterprise Resource Planning (ERP) Systems Assignment

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Added on  2020-05-04

Enterprise Resource Planning (ERP) Systems Assignment

   Added on 2020-05-04

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Running head: ERP SYSTEMSERP SystemsName of the StudentName of the UniversityAuthors’ note
Enterprise Resource Planning (ERP) Systems Assignment_1
1ERP SYSTEMSTable of ContentsIntroduction......................................................................................................................................2Discussion........................................................................................................................................2Benefits of using an ERP System....................................................................................................2Risks of using an ERP System.........................................................................................................3Conclusion.......................................................................................................................................4References........................................................................................................................................5
Enterprise Resource Planning (ERP) Systems Assignment_2
2ERP SYSTEMSIntroductionEnterprise resource planning or ERP system is considered to be a business managementsystem that enables organizations to use integrated information from various departments formanaging their business processes (Madapusi & D'Souza, 2012). ERP system offers onecentralized database, single application and a single user interface. This report discusses aboutthe benefits and risks of adopting ERP systems.DiscussionBenefits of using an ERP SystemCompanies adopt ERP systems for various reasons. Some of them are as follows:1) Business Automation: ERP systems will help the organizations to automate thebusiness by allowing the employees to access shared information without maintaining anymanual record (Staehr, Shanks & Seddon, 2012). Synchronized reports can be generated byusing ERP systems. 2) Improved Workflow: The business processes are streamlined or integrated into asingle unified platform. The information from various departments is stored in a singlecentralized database and this improves the efficiency of the business model by presenting asingle version of truth. 3) Transparency: Authorized employees of the organizations are allowed to access thesensitive data of the business. It allows specific users to access specific data. This makes ERPsecure as well as transparent.
Enterprise Resource Planning (ERP) Systems Assignment_3

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