Introduction to ERP
ERP is the abbreviation of Enterprise Resources Planning. It means the system which helps in utilization of every available resources of any enterprise (business) in most effective way.
Basically, ERP is a word in IT (information technology) in context to Financial/Material/Production & Planning/ Plant/ Logistic/ HR etc. management of any company. For more detail about ERP, visit Wikipedia.org :
There are many ERP software available in the market. They are as follows :
- SAP
- Oracle Finance
- BaaN
- PeopleSoft
- Microsoft Dynamics
- J D Edwards
- And Many others ERP available in the market
But, in my knowledge, SAP is the market leader.
Due to my passion of technology, I have dedicated my website to spread the know-how to the eager people like me. It help me to upgrade my knowledge from time to time as well as get the satisfaction that I am spreading my knowledge to the society from where I have been learning it.
In this website, I have mostly discussed on ERP on general and SAP in particular
May GOD bless all of us!!!!
Jai Ho!!
Introduction to SAP R/3 and it's Advantages
SAP is the world's number one ERP application. 'SAP' which is pronounced as 'S.A.P' stands for Systems Applications and Products in Data Processing. In 1970, 5 IBM engineers developed this software for Business Enterprises, initially, it was intended for Mainframes. , but later on developed in client server model, and now it is web-based, all transaction can be entered from webpages.
The Advantages of SAPSAP has a number of advantages over other existing ERP in the world. They are as follows :
- Platform is independent SAP, i.e. it runs on all operating system.
- International Applicability : For SAP, this means not only having the softwre available in different langages but also having the capacity to cover the different aspects of each country: currency,taxes, legal practices etc ;
- Highly configurable as per the requirement of the companies
- Covers almost all acvities of any business;
- Realitme, i.e. you can go to the lowest piece of information;
- Highly secured data handling;
- Stability and data consistency;
- High Scalability : It means, can be added more hardware/modules to the exisitng one.;
- SAP gives the IT power to functional professionals;
- A lot of standard report available in SAP;
- Customised reports can be easily develed;
- Now, a lot of available trained professional in SAP;
- SAP is available for almost all businesses;
- 90% of fortune 500 companies have implemented SAP;
These are some of the advantages.. and still more you will learn through the learning processes
Introduction to SAP R/3 FICO
As I have already explained that SAP covers each and every aspects of business like, MM, PP, HR, FI,CO, SD, PM, QM etc. but, here I will write more on FI, CO or even some tricks & tips on ABAP/4 !!!
FI/CO is the heart of the SAP's functional architecture. It gives customers the many accounting functions with extensive report facilities to allow fast decision making support. The financial FI/CO modules comes with the following sub-modules :
FI : Finance
- General ledger accounting
- Account Payable
- Account Receivable
- Asset Accounting
- Bank Accounting
- Cash Management
- New General Ledger Accounting (in ECC 6.0)
CO : Controlling
- Cost element accounting
- Internal orders
- Profit centre accounting
- Product Costing
- Profitablity Analisys