0

Bookmark and Share What is the impact of an ERP system on the audit process

eresource's site:
www.eresourceerp.com

ERP systems typically provide elegant technological solutions for organizations information needs through radical changes in information processing orientation. Due to the robust nature of these applications and the changes associated with the implementation, auditors may need to adjust the audit processes and procedures when auditing in such an environment.

As you know the ERP systems facilitate horizontal and vertical integration of business processes across an organization. When an ERP system if successfully implemented, can enable companies to better manage supply chains, perform business reengineering and reorganize their accounting processes along with different other functions. In addition, currently the ERP systems are becoming a necessary tool for companies to remain competitive in this new business environment rather than constituting a new strategic move.

It is also a fact that the changes from the legacy system made the auditors are faced with the daunting task of auditing in a new ERP. Some ERP systems implementations initially in some companies has lead to increased audit related risk due to automated interdependencies among business processes, and integrated relational database. As technological developments continued, auditors also expanded their technological knowledge and skills in order to perform effectively and efficiently in audit functions in an ERP environment.

Needless to say, it is the one of the advantages for the companies when they deal with eresource ERP that they will be in direct contact with our executives and technical support personnel for any kind of assistance. It will enable a quick resolve of any technical or non-technical issues arising out of the system. Our 24x7 hour customer care service makes a different player in this field.

eresource ERP solutions aim to lower total cost of ownership delivered through its web-based application. eresource understands that established processes and an integrated approach to leveraging technology are vital for the growth of any business unit. eresource ERP solution can efficiently handle a company's core and support business functionalities. It can also make a large difference in improving its ROI (return on investment).

For more information kindly visit: http://www.eresourceerp.com/impact-of-ERP-system-on-the-audit-process.html

Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra, Tel: +91 22 25827692/+91 22 25828775/+91 22 65130234

 Read » What is the impact of an ERP system on the audit process
eresource's picture
Published 47 weeks 4 days ago
Category: Technology | Tags:

Stories similar to What is the impact of an ERP system on the audit process:

Is ERP suitable for only big companies? 1 year 3 weeks ago

This is one of the main misconceptions prevailing among some small and medium sized companies. This is due to the unawareness of the functioning of an ERP system. Mainly what is to be understood is that an ERP system automates business processes across an organization and thus eliminates inefficiency caused by a legacy system.

Web-based eresource ERP can speed up business processes 47 weeks 4 days ago

eresource is an ERP system that allows you to work as you want

ERP scenario is making rapid changes in India. It was one of the sectors in the software industry that was dominated by the major vendors for a quite a long time. Their dominance coupled with huge monetary investment isolated the small and medium scale industries from enjoying the benefit of an Enterprises Resource Planning system. But with the advent of web-based systems such as eresource ERP, it has become altogether a different story now.

should SMBs consider implementing an ERP system? 1 year 46 weeks ago

Why should SMBs consider implementing an ERP system?

Globalization and IT sophistication are forcing even small businesses to automate

processes and integrate applications to facilitate stronger communication, data

collection and analysis. ERP software systems are integrated business solutions

intended for the planning, managing, controlling, and accounting for all of a company's

resources.

It is the administrative and operational requirements, not the size of the company that

determines if an ERP solution is required or not. Even small companies require most of

ERP for strategic and technical solution 1 year 23 weeks ago

ORGANIZATIONS need to make a substantial Investment in an ERP system in terms of capital investment, as well as from the recurring annual expenditure. The company, therefore, would like to ensure that the investment in ERP is a right decision. In that process, there may be chances of some questions arising from the members of the decision making team. These questions are reasonable. Why ERP and why not custom built software? And this, followed by which ERP out of the host of ERP packages available in the market. http://www.eresourceerp.com/erp-features.html

companies see ERP as a technical solution 1 year 45 weeks ago

System where everybody works according to the same routine

ERP for strategic and technical solution

Agility is the watchword ORGANIZATIONS need to make a substantial Investment in an ERP system in

terms of capital investment, as well as from the recurring annual expenditure. The company, therefore,

would like to ensure that the investment in ERP is a right decision. In that process, there may be

chances of some questions arising from the members of the decision making team. These questions are

Recent comments

Web Hosting Free Trial

Dreamhost
$50 OFF ANY PLAN WITH
PROMO CODE: SheToldMe

Or a limited offer, $100 off a 2-year plan!