The business environment experienced many challenges in the late seventies in the field of technology. Most established companies did not have a system in which various departments could easily share information and communicate with each other. It wasn't until the early 1990s that a new class of software systems commonly known in the industry as Enterprise Resource Planning (ERP) systems emerged on the market, designed primarily for large, complex enterprise organizations. It was a major turning point in the history of computing. and information systems. This seamless integration of all departments and functions of a company into a single IT system came about by improving communication, productivity and managing operations more efficiently. Although implementing an ERP system can be expensive, difficult to adapt, the advantages outweigh the disadvantages. Typically, the software is provided as a set of modules typically found in ERP software that include accounting and finance, manufacturing, customer service, human resources, sales and marketing. The general accounting (G...
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