Answered: What is an ERP system?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 1DQ

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What is an ERP system?

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Step 1: Definition

Enterprise Resource Planning (ERP) System:

Enterprise Resource Planning System refers to a management tool which combines and coordinates all the departments or sections of a business. The main aim is to link all the departments and update information, so that, all the departments would be aware of what is happening in other department or in the company as a whole.

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