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ERP Software qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdghj

   

Added on  2020-03-16

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qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwERP Software

ERP Software Table of ContentsIntroduction.................................................................................................................................................4Need of ERP for Companies........................................................................................................................4Sarbanes-Oxley Act: Modifications in ERP Software.................................................................................6SAP ERP Success Story..............................................................................................................................7SAP ERP Failure Story...............................................................................................................................9Conclusion.................................................................................................................................................10References.................................................................................................................................................122

ERP Software AbstractEnterprise Resource Planning (ERP) systems provide an integrated platform to the businessorganizations to carry out various business activities and operations. There are several ERPpackages that are being used and implemented in the organizations for a variety of purposes andreasons. The medium and large scale companies are the prime users of such packages. The reportanalyzes the need of SAP ERP package for the medium to large scale organizations and theadvantages offered to these industries. The impact of Sarbanes-Oxley Act on the ERP packagesand the success and failure story of SAP ERP implementation has also been covered. 3

ERP Software IntroductionComputerized packages and automated information systems are being used and implemented at alarge scale. These software packages are being utilized in every business sector and businessoperation with accounts department being one of the prime applicants of the same. The demandin the current times is to have an integrated package that may provide an answer to all thebusiness operations and activities. Enterprise Resource Planning (ERP) is one such package thatallows the business units to carry out all of the business operations. SAP ERP is a package thatwas developed by a German company called SAP SE. It is software that comprises of the keyfeatures of an organization. The document covers the advantages of ERP software to the organizations, trends in the area ofERP along with the case studies describing the success and failure of ERP implementation. Need of ERP for CompaniesMany of the medium to large scale companies are making use of ERP packages in their businessorganizations. There are various reasons and advantages that are associated with it. There is a lot of competition in the market in every industry that has been set up. Thebusiness units that have implemented ERP packages and are successfully using thesepackages have a competitive edge over the others. The manual set of operations and activities involved in the business organizations arereplaced with their respective automated counterparts. This leads to the enhancement ofefficiency and adds to the overall productivity of the employees working in theorganization leading to better organizational performance (Ovidiu, 2010). There are various estimations and predictions that the management executives need tocarry out in a business environment. ERP packages include the information sets that areaccurate and processed correctly. This leads to the ability to make predictions easily andalso leads to better forecasting results (Panoramaconsulting, 2016). Collaboration and integration are two of the parameters that act as significant factors inthe success of the medium and large scale business organizations. ERP packages allow4

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