How is international financial management different from domestic financial management?
June 21, 2017
Discuss the use of each major financial statement
June 21, 2017

Enterprise systems integrate the functional systems such as accounting, finance, marketing, and operations. Another advantage of enterprise systems is that processes become more automated or totally automated, which increases efficiency. For example, by automating finance processes, a company can do things such as accept online orders and do business-to-business (B2B) transactions electronically, instead of via e-mail or offline methods such as telephone or fax.
Prior to selecting and implementing an ERP or other enterprise system, it’s essential that a company identify the problems to be solved, the goals to be achieved, and the type of support the information system is to provide.
QUESTION: Explain the purpose of an enterprise system and how it supports supply chain management.

 

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