General understanding The Attributes of ERP Systems | ERP Software

1. Leading ERP systems supports industry standards and best practices.  

 The Oracle Applications and SAP supports recommendations of the American
Production and Inventory Control Society (APICS) and Generally Accepted
Accounting Practices (GAAP).  

2. The ERP system is composed of many modules called applications.  

2.1.The core applications support functions, such as financial, distribution,
 manufacturing, and human resource transactions.   

2.2.The financial applications, for example, are General Ledger,
  Accounts Payable, Accounts  Receivable, and Fixed Assets. 

2.3 You may license only the applications you need.

2.4. The applications are integrated. They work together to pass individual
     transactions through an 

     entire business process.
    This is called modularization approach.  

2.5. It gives flexibility.  

2.6. The modules interact by passing data through program interfaces and by
    sharing the commonly stored data. 

2.7. A single manual transaction in one application can initiate transactions
  in other applications.

3. ERP systems are complex. The more applications you use, the more complexity
  you have.  

Thousands of configuration parameters interact with each other and change the

 logic of the programs to fit your unique business situation.   

4. It could take months to set up and learn how the ERP operate.  

5. The ERP documentation is voluminous.

6. Although an ERP system is complex but the upside is flexibility.  

7. Oracle and SAP has thousands of customers in hundreds of industries.

 They are all over the world.  Each of them is using EPR in their own special way.   

8. Manufacturing companies, utilities, service companies, governments, and
 others have configured applications to meet their specific business needs.

9. ERP systems use sophisticated databases at the back end. Oracle Relational
  Database  Management System (RDBMS) is a famous database.

10. The database gives the ERP system the performance and scalability.  

11. Thousands of transactions per hour can be processed.  Data could be stored
   for years.  Large ERP databases can go more than 300GB in size.

12. There is a fierce competition going on in ERP market. Two big players are
   SAP AG and Oracle Corporation.
13. EPR systems are mixture of online and batch processes.   

For example, you can apply cash receipts to your Receivables modules by keying
  the data into a form, or you can configure the system to use the AutoLockbox
  program to process a data file from your bank.

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