15-11-2014, 03:39 PM
Abstracts: ERP is an acronym for Enterprise Resource Planning. At its most basic level, ERP software integrates various functions into one complete system to streamline processes and information across the entire organization. The central feature of all ERP systems is a shared database that supports multiple functions used by different business units. In practice, this means that employees in different divisions can rely on the same information for their specific needs. ERP software also offers some degree of synchronized reporting and automation. Instead of forcing employees to maintain separate databases and spreadsheets that have to be manually merged to generate reports, some ERP solutions allow staff to pull reports from one system. Enterprise resource planning (ERP) is a cross-functional enterprise system driven by an integrated suite of software modules that supports the basic internal business processes of a company. ERP gives a company an integrated real-time view of its core business processes such as production, order processing, and inventory management, tied together by ERP applications software and a common database maintained by a database management system. ERP systems track business resources (such as cash) and the status of commitments made by the business (such as client order) no matter which department (purchasing, sales, accounting, and so on) has entered the data into the system. ERP facilitates information flow between all business functions inside the organization, and manages connections to outside stakeholders. This ERP will keep record of CK-IICT’s trainees, employees etc. It will store trainee’s respective personal details; their academic record as well as their payment details.ERP will include employee’s respective personal details, etc. General Ledger section will keep track of basic company transactions .like trainee payment, client payment, rent/maintenance of building, other external income /expenses.