What is ERP?
ERP stands for Enterprise Resource planning, it is integrated all functions in one system. Organization will have no of departments in organization. ERP integrate all the functions into one system. It will facilitate free flow of data among the departments.
Main ERP Software’s are
SAP
Oracle Applications
Baan (Infor Global Solutions)
Microsoft Dynamic
JD Edwards
Lawson Software
Sage Group
SAP stands for System Application and Products in data Processing
Five former IBM employees start a company they call SAP Systemanalyse
und Programmentwicklung ("System Analysis and Program Development").
v SAP was released in 1972 – Head quarters is in Germany by
Wellenreuther, Hopp, Hector, Plattner and Tschira.
v Renamed in 1977
History of SAP
v 1972 - SAP R/1 – Real time data processing
v 1980 -SAP – R/2 Included no. of countries and no. of currencies
v 1990 – SAP R/3- R/3 stands for Data Structure
1.Application Server
2.Data based server
3.Presentation
v 1999 – My SAP.com – Web based
My SAP ERP is the comprehensive enterprise resource planning (ERP)
solution from SAP. It has been designed to meet today`s changing demands
on ERP.
v 2004 – Net weaver – Integrates information, people and process.
SAP Net Weaver offers a full suite of enabling software technologies
including functionality for portal infrastructure, business warehousing,
exchange integration, Web application server, mobile technologies and
more.
SAP Net Weaver offers a full suite of enabling software technologies
including functionality for portal infrastructure, business warehousing,
exchange integration, Web application server, mobile technologies and
more.
Accounting
Advantages
and Disadvantages of ERP:
Advantages
v Allows
easier global integration (barriers of currency exchange rates, language, and
culture can be bridged automatically)
v Updates only
need to be done once to be implemented company-wide
v Provides
real-time information, reducing the possibility of redundancy errors
v May create a
more efficient work environment for employees
v Vendors have
past knowledge and expertise on how to best build and implement a system
Disadvantages
v Locked into
relationship by contract and manageability with vendor - a contract can hold a
company to the vendor until it expires and it can be unprofitable to switch
vendors if switching costs are too high
v Inflexibility
- vendor packages may not fit a company's business model well and customization
can be expensive
v Return on
Investment may take too long to be profitable
v Implementations
have a risk of project failure
SAP - FI/CO (Financial and Controlling)
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Meaning, Defining & Assigning the organisation structure like
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