Ventana Research recently announced the results of its latest Benchmark Research, Next-Generation ERP. The enterprise resource planning (ERP) system is at the core of nearly every company’s record-keeping and management of business processes. Its smooth and uninterrupted functioning is essential to an organization’s accounting and finance functions. In manufacturing and distribution, ERP manages inventory and logistics. Some companies use it to handle human resources functions like tracking...
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Topics:
Big Data,
Mobile,
Human Capital Management,
Office of Finance,
Cloud Computing,
Collaboration,
Inventory Optimization,
Work and Resource Management,
Enterprise Resource Planning,
ERP and Continuous Accounting
Business process reengineering was a consulting fashion in the early 1990s that spurred many companies to purchase their first ERP systems. BPR proposes a fundamental redesign of core business processes to achieve substantial improvements in market and customer responsiveness, productivity, cycle times and quality. ERP systems support business process reengineering by guiding the step-by-step execution of the redesigned process to ensure that it is performed consistently. They also automate the...
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Topics:
Big Data,
Data Science,
Mobile,
Customer Analytics,
Customer Experience,
Machine Learning,
Office of Finance,
Wearable Computing,
Continuous Planning,
business intelligence,
Analytics,
Cloud Computing,
Data Integration,
Internet of Things,
Financial Performance Management,
Digital Technology,
Digital Marketing,
Digital Commerce,
Operations & Supply Chain,
Enterprise Resource Planning,
Machine Learning and Cognitive Computing,
ERP and Continuous Accounting,
Sales Planning and Analytics
Senior finance executives and finance organizations that want to improve their performance must recognize the value of technology as a key tool for doing high-quality work. Consider how poorly your organization would perform if it had to operate using 25-year-old software and hardware. Having the latest technology isn’t always necessary, but it’s important for executives to understand that technology shapes a finance organization’s ability to improve its overall effectiveness.
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Topics:
Big Data,
Data Science,
Mobile,
Human Capital Management,
Mobile Technology,
Office of Finance,
Continuous Planning,
Analytics,
Business Intelligence,
Cloud Computing,
Collaboration,
Financial Performance Management,
Price and Revenue Management,
Inventory Optimization,
Operations & Supply Chain,
Enterprise Resource Planning,
Sales and Operations Planning,
Machine Learning and Cognitive Computing,
ERP and Continuous Accounting
