What is Enterprise resource planning (ERP) system?
In short
An enterprise resource planning (ERP) system integrates an organization's core processes, such as finance, purchasing, sales, inventory and payroll, in one system with a shared database.
Key takeaways
- Data entered once flows to every module, reducing reconciliation and duplicate entry.
- Access rights within it enforce segregation of duties.
- Implementations are high-risk projects that need strong data conversion and change controls.
Where it's tested
ISC: Information Systems Fundamentals — study notes, a five-minute revision sheet and practice questions.
Practise: 3 questions
Question 1 of 3 · 0 answered
An ERP system's primary benefit to an organization is that it: