Answer to Question #288970 in Accounting for Jen

Question

ERP systems have many disadvantages, such as being complex, very expensive, and difficult to implement. However, they have powerful advantages, such as better customer service, more integrated operations, and access to all or most of an organization’s data. If you were asked to determine if your company should implement an ERP system, how would you determine whether the benefits of a new system outweigh its disadvantages? Write 100 words for the answer.

Answer 1

In accounting, ERP is the acronym for enterprise resource planning. ERP could be described as a database software package that supports all of a business's processes and operations including manufacturing, marketing, financial, human resources, and so on. requires that an ERP system be very sophisticated.