What is erp essay

Vendor ERP systems allowed for enterprise integration of many core functions that are a part of many organizations, regardless of industry.

What is erp essay

However, they also have their periods of failure in management, spending or in other areas.

There are also companies whose failures have led to total business closures. No matter how big or how successful the company is, the possibility of collapsing is still at hand, like what happened to Enron.

The Enron Collapse and ERP System - timberdesignmag.com

As Enron collapsed, other businesses have been greatly affected as well. To prevent the same demise of other companies from happening again, Enterprise Resource Planning ERP must be implemented.

Enron was a giant company in the natural gas pipeline business. It was ranked as the most innovative company in It was also known for being the first on management talent and second on employee talent.

What is erp essay

With this growth and success, no one has foreseen that Enron would end up into bankruptcy Doggett, This large number made Enron the second largest law firm in Texas. The company did not pay federal income tax in four years, although it was considered as a fast growing and most profitable company Doggett, These executives and board members committed another mistake when they kept their employees and retirees from selling their stocks.

The major player which caused the bankruptcy of the company was its auditor, Arthur Andersen. Andersen was tasked to warn the public about those things, but he either just let things happen Louis,could not see what was happening or was simply involved in a cover-up Doggett, The demise of Enron has affected other businesses, and they do not want to have the same fate as Enron.

However, companies with ERP systems can easily comply with the Sarbanes-Oxley Act, which encourages accountability of the top management. ERP systems, having centralized databases, can solve some of the problems faced by the companies.

The ERP systems can be used to avoid mistakes such as inconsistency in record keeping and inaccuracy in inventory-costing systems Antony, n. Furthermore, ERP systems can better prevent corporate fraud through the following: Archiving is important for auditors in order to validate the financial position of the company at any given time.

ERP is also useful in keeping track of any changes or input of data. User authorizations help by making sure that the employees perform the transactions that their job requires.

A tolerance group is another way of preventing employees from exercising control beyond their authority. The company can set limits on the total document amount, payment difference and discounts Antony, n.

Most importantly, financial transparency is also a fundamental aspect of the system. Concepts in enterprise resource planning. Retrieved January 14,from http: Retrieved January 15,from http: San Francisco Chronicle online.

What is erp essay

Enron story and ERP implications.Cisco Systems implementing ERP Essay Sample. Cisco Systems Inc. was founded in by two of Stanford University’s computer scientists.

In , a matter of just six years from the start-up date, Cisco became publically traded.

ERP Selection Process

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Read this essay on Erp Systems. Come browse our large digital warehouse of free sample essays. Get the knowledge you need in order to pass your classes and more. Only at timberdesignmag.com". ERP points Essay. products, ERP implemented. 2. An ERP is a collection of integrated software for business management, accounting, finance, human resources management, project management, inventory management, services and maintenance, transportation, e-business and SRM, CRM and e-collaboration.

CASE STUDY SAP ERP Configuration Case Phase I – Financial Accounting This case desribes in detail the first phase of the SAP ERP configuration curriculum based on the Global Bike model company.

Name Professor’s Name Course Date Enterprise Resource Planning Enterprise Resource Planning (ERP) systems consist of configurable packages presented as .

ERP Implementation What Do Vendors Seem To Essay - Words