The Role of ERP Solutions in Managing Corporations From the Accounting Perspective

Contemporary method of doing business requires that managers have at their disposal at all times information about results achieved both by the company as a whole and by its individual organizational units or its products and services. In the circumstances characterized by globalism and unhindered movement of capital, monitoring business operations would be unthinkable without integrated business solutions. Activities and processes carried on within an organisation are mutually interconnected and interdependent and therefore must be synchronised in order to maximise available resources and obtain information in a timely fashion. The implementation of integrated business solutions is precisely what facilitates efficient management of companies which are geographically dispersed and which carry on complex and multiple business operations. The objective of this paper is to analyse the roles and functions which enterprise resource planning (ERPs) solutions have within the business organisation and on improving organisation’s efficiency and quality in terms of its business operations and decision-making process.