Friday, March 4, 2011

What is Enterprise Resource Planning (ERP)?

An ERP system provides an integrated suite of information technology applications that support activities such as finance and budget management, human resources management, operations and other corporate core functions.

ERP delivers role-based access to crucial data, applications and analytical tools to staff in order to enable them to perform their job functions efficiently and effectively in the following areas:

  • ERP Financial Functions – Ensures compliance and predictability of business performance so that the UN can gain deeper financial insight across the organization and tighten control of finances. The project will automate financial and management accounting and financial supply chain management. It will also provide rigorous support for accounting standards.
  • ERP Human Resource Management – Optimizes HR processes with a complete, integrated and global human capital management solution. This solution automates core HR processes and workforce deployment which enables increased efficiency. It will give the UN the tools needed to manage their most important asset: people. The solution equips executives, HR professionals and line managers to hire the best talent, as well as train and cultivate the skills of our workforce.
  • ERP Operations – Contributes to achieving operational excellence in key business areas, including procurement and logistics execution. Manages end-to-end procurement and logistics business processes from self-service requisitioning to flexible payments. It also helps optimize the physical flow of materials.

One of the most important activities associated with the implementation of an ERP system is the opportunity to streamline and improve the operations of an organization through process re-engineering, sharing of common data, and the implementation of best practices and standards.

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