Accounting as a most vital feature of ERP provide assistance in handling financial transactions including general ledger, accounts receivable, accounts payable and payroll functionality.
Accounting :
ERP combines different business processes. Accounting in ERP is most developed function which enables user to analyze financial data from across their company in a single system. It helps businesses digitalize their core accounting operations, including general journal transactions, expense transactions, chart of accounts, general reports, ledger reports, client and supplier ledger, trial balance, income statements, fixed asset tracking, and other financial management processes.
Business Analytics:
To track business performance, companies need comprehensive and perceptivedata analytics for which they take support from ERP. ERP software reflect customizable dashboards with in depth data illustrations from across an organization. Through this practice of business analytics leaders can gain detail insight to business performance which leads to take knowledgeable decisions for sustained growth.
