ERP System Financial Management Checklist

The ERP System Financial Management Checklist is a practical tool designed to assist organizations in understanding how an Enterprise Resource Planning (ERP) system handles financial management, including accounting, budgeting, and financial reporting. An ERP system provides robust functionalities to streamline financial processes, improve accuracy, and enhance financial decision-making. This checklist highlights key considerations and best practices to leverage an ERP system for effective financial management

• (1) How does an ERP system handle financial management, including accounting, budgeting, and financial reporting?

• (2) Define your business and IT goals and objectives for ERP financial management.

• (3) What are the benefits of using an ERP system for financial management?

• (4) Assess your current ERP system and its ability to support your financial management goals.