getting more from an ERP investment

Scherpenseel, Chris
July 2003
Financial Executive;Jul/Aug2003, Vol. 19 Issue 5, p52
Academic Journal
This article reports that most businesspeople would agree that increased financial visibility is a good thing, implying that it's easier to understand a business's financial position, performance and prospects. It allows companies to monitor business conditions on an ongoing basis and respond to new opportunities and challenges in order to improve their overall performance. Financial visibility is critical to the inner workings of a company and also to a company's stakeholders and the marketplace. The author adds that determining how much to invest in analytics to increase visibility can be tricky for companies and many invest heavily in enterprise resource planning without understanding what their return on investment should be. The author provides some tips for determining this balance.


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