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Avoid the Hustle

Business

Category: Business

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Many managers and employees working in areas other than accounting and finance view the accounting paper work and processes as an unavoidable pain with little “value added.”SAP’s ERP software is built on the foundation of accounting and financial transactions. In fact, other modules (like logistics, sales, and distribution) cannot be applied without implementing the Finance (FI). Some consider accounting transactions the nervous system of an organization. The ERP systems are expected to provide integrated information from a holistic perspective on a real time basis. Discuss the importance (or lack thereof) of accounting and financial information in ERP systems.