Aberdeen defines Enterprise Resource Planning (ERP) as an integrated suite of modules that forms the operational and transactional system of record upon which any business is based.
As a transaction-oriented system, it seems only natural that ERP would have a major impact on the day-to-day activities of finance executives.
Still, not all finance executives are getting the full use out of ERP. As those responsible for the financial stability of the organization, informed finance executives are utilizing ERP to stabilize back-office functions, gain full visibility into financial metrics, identify opportunities to cut costs, devise more accurate plans, and make more agile, informed decisions.
This Analyst Insight examines the challenges facing finance executives today, and the ways in which ERP is helping them to overcome these challenges.