3 Integrated Accounting Software Programs Most companies purchase accounting and enterprise software.Another option is to “e-source” the software by buying the services of an application service provider (ASP).Integrated accounting software programs process all types of accounting transactions.Packages today include Internet connectivity and enable small businesses to create Web sites and engage in electronic commerce.Middle to high-end accounting software packages are typically sold by a value-added reseller (VAR).
4 Enterprise-wide Accounting Software Solutions Enterprise resource planning (ERP) systems are integrated programs do much more than process financial data.The capabilities of accounting software programs to process enterprise-wide data expand with the price and complexity of software.A valued feature of ERPs is the ability to interface with customers and suppliers. This is termed supply chain management.
5 Specialized Accounting Software Accounting software has become more sophisticated and customized for specific industry information needs.Specialized accounting software may include:Customer relationship management to keep track of sales calls, seminars, and phone calls with prospective clientsSource code that may be customized to fit a particular firm’s needs.
6 Enterprise-Wide Accounting Software Solutions Enterprise System Functionality: ERP systems originated from manufacturing systemsMRP I Systems: Marketing sales projections, Production schedulesMRP II Systems: MRP I plus Forecasting and planning for all manufacturing resources including labor and overheadERP Systems combined MRP II systems with accounting and finance functions
7 Traditional ERP Functions Order processing and fulfillmentManufacturingPurchasingHuman resources
8 Extended ERP SystemsTraditional back-office capabilities of traditional ERP systems, plus…E-businessCustomer managementSupplier managementBusiness partner managementStrategic business relationship management
9 The Architecture of Enterprise Systems ERP ConfigurationsCentralized databaseApplication interfacesExtended application interfacesInternet portals
10 Business Processes and Enterprise Systems Integrated Business ProcessesERP Systems and Business Process Reengineering
11 Implementing an Enterprise System Systems Planning and Forming the Project TeamSoftware and Consultant SelectionPreimplementation WorkGo Live and Follow-upTraining and Change Management
12 Costs and Benefits of Enterprise Systems HardwareSoftwareTrainingTechnicalBusiness processesData conversionInterfaces and customizationProfessional servicesReassigned employeesSoftware maintenanceSoftware upgradesReduced inventory investmentImproved asset managementImproved decision-makingResolved data redundancy and integrity problemsIncreased flexibility and responsivenessImproved customer service and satisfactionGlobal and supply chain integration
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