5 Key Benefits of ERP for Accounting & Financial Management
Enterprise resource planning (ERP) system is the backbone of all organisations, and accounting software is the cornerstone of ERP. ERP for accounting creates a single source of financial data accessible across departments and multiple business units. It integrates finance and accounting, inventory management, project management, customer relationship management, human resources, etc. ERP software, such as TallyPrime, also helps an organisation achieve greater visibility into its finances, enabling them to make better decisions that drive business growth. Key Benefits of ERP for Accounting and Financial Management 1. Improves Workflow The first key benefit of ERP software is improved workflow. By improving how you manage tasks, do calculations (particularly asset tracking), and other business functions, ERP systems for accounting can help streamline [...]