30-08-2014, 11:00 AM
ERP (Enterprise Resource Planning) comprises of a commercial software package that promises the seamless integration of all the information flowing through the company i.e. financial, accounting, human resources, supply chain and customer information. It is a control system that synchronizes planning of all processes across the organization. •ERP helps reduce inventory costs by better planning and forecasting of requirements. ERP system helps getting higher return on investments (ROI) in a fast manner. While there are absolute benefits, an ERP system also poses significant challenges in the areas of information security and business continuity planning. •Users will be able to clock in and clock out from a simple web browser. User Clock in and Clock out can be controlled by specifying specific IP addresses from which the latter can clock in and out for work. Users will be able to view and print reports about their hours worked and work done during any period of time. •Administrators will have web based control panels to completely customize the payroll sys
· ERP (Enterprise Resource Planning) comprises of a commercial software package that promises the seamless integration of all the information flowing through the company i.e. financial, accounting, human resources, supply chain and customer information. It is a control system that synchronizes planning of all processes across the organization.
· ERP helps reduce inventory costs by better planning and forecasting of requirements. ERP system helps getting higher return on investments (ROI) in a fast manner. While there are absolute benefits, an ERP system also poses significant challenges in the areas of information security and business continuity planning.
· Users will be able to clock in and clock out from a simple web browser. User Clock in and Clock out can be controlled by specifying specific IP addresses from which the latter can clock in and out for work. Users will be able to view and print reports about their hours worked and work done during any period of time.
· Administrators will have web based control panels to completely customize the payroll systems. There will be tools like controlling access by IP address, generating payroll reports, edit employee timesheets, manage projects, getting payroll statistics and many other features.
· A typical ERP system uses multiple component of computer software and hardware to achieve integration
· ERP is important as it helps in successfully integrating its key business operations, synchronizing, planning and optimizing the resources available in the existing competitive environment. Some of its benefits are less paper work, decrease in process time due to online data flow, database security and easy financial & inventory management.