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Smooth and seamless flow of information across organizational boundaries |
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Environment with shared database independent of applications and integrated applications |
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Third-party vendors provide specialized functionality software |
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1) Core Applications 2) Business Analysis Applications |
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HUGE multi-dimensional database often using hundreds of gigabyte or even terabytes of memory. |
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1) Pace of implementation 2) Opposition to change 3) Choosing the wrong ERP 4) Disruptions to operations 5) Choosing the wrong consultant |
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Risks Associated with ERP Implementation |
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The ability to use the Internet and related networks to store and access data or applications for on-demand access |
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1) Transactions are complete, accurately recorded, valid, and authorized (restricted access) 2) Assets are safeguarded 3) Business activities are performed efficiently and effectively |
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Objectives of Expenditure Cycle |
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