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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

In your own words, how do ERP systems facilitate balanced scorecard and business intelligence?

Summary Introduction

To explain: The way ERP system facilitates balanced scorecard and business intelligence.

Introduction:

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Explanation

The way ERP system facilitates balanced scorecard and business intelligence:

ERP vendors have decided to integrate the function of the balanced scorecard. The ERP systems provide the capability to integrate the necessary data in the underlying database to the data warehouse. It provides an efficient and logical way for users to develop efficient balanced scorecard capabilities...

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