3/23/2023 0 Comments Philasmicos erp![]() Today’s fast-paced business environment demands business software capable of adapting to continuous change. On-premises ERP typically creates data silos requires expensive, ongoing maintenance fees and involves creating customizations. Legacy on-premises ERP solutions served companies well for decades, but that was then. You control the pace and define which areas of the business are addressed first, such as modernizing your financials, supporting company-wide planning, or improving your logistics.ĮRP technology is changing for a modern business world The integrated, yet modular, architecture of modern ERP allows you to deploy what you need, when you need it. To monitor and protect companies from internal and external theft and fraud, modern ERP systems offer internal controls and audit tools to manage segregation of duties (SOD) and payment rules. Cloud ERP provides unmatched speed, performance, security, and scale, allowing businesses to grow with confidence. ScalabilityĚs companies grow, their ERP systems must have the ability to rapidly and easily scale-across markets, geographies, and products. This facilitates faster SEC reporting and allows the CFO to spend less time each quarter compiling data-and more time on scenario planning and M&A strategizing. Built-in account reconciliation and transaction matching allows businesses to dramatically increase efficiency and speed the financial close process. One of the primary advantages of an ERP system is that it allows companies to automate mundane, repetitive tasks. Prebuilt analytics measure critical financial KPIs in real time, including current ratio, quick ratio, debt-to-equity ratio, net working capital, and inventory turnover-ust to name a few. Gain a comprehensive view into your organization’s financial performance and better understand profitability, costs, and revenue by using prebuilt analytics.
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