What is an ERP system?
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 1DQ
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What is an ERP system?
Expert Solution
Step 1: Definition
Enterprise Resource Planning (ERP) System:
Enterprise Resource Planning System refers to a management tool which combines and coordinates all the departments or sections of a business. The main aim is to link all the departments and update information, so that, all the departments would be aware of what is happening in other department or in the company as a whole.
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