This technological evolution has been supporting a number of different functions and activities of business. Organizations consider it to be an important tool as it helps them in integrating varied systems of organization and facilitating production and transactions free of error. Not just considering the business level, but even at the industrial level, ERP systems tend to provide significant support to business organizations at large (Sheoran, 2012). It is also known for enhancing the levels of production, while controlling the costs with more efficiency, and this depicts the ability provided to businesses for controlling their entire business with more efficiency. In addition, increasing the information available, companies are provided with important information in real time for making adequate prognostics and decisions with respect to the business. It is worth noting that systems of ERP are extremely powerful tools in order to organize and process financial data. It helps in improving the establishment of commercial activity in the longer run and in the shorter run. There is significant scope for the performance of integral strategic planning. This is enabled by the involvement of each and every daily activity and maintenance of fluent communication with each and every investor. This is enabled by the module of enterprise management in ERP systems. The module of human resources enables the making of decisions and optimizing the investments of the company with respect to employees.
Majority of the businesses across the globe are within the process to implement system of ERP while aligning it with the process to re-engineer initiatives and transforming the organization. All of the benefits and contributions of ERP system discussed provide an implication that this technological evolution is a major support for business organizations all across the globe (HassabElnaby et al., 2012). It can be seen supporting a number of functions of businesses with enhanced efficiency, effectiveness and reliability. Currently, organizations understand the fact that for thriving in the global competitive business world, it is crucial for transforming the internal process of business while deploying the ERP system.
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