Monetary Management (FM): The Monetary Management (FM) is probably the mostly used module of ERP software. This module helps in easy accessibility of assorted monetary information together with streamlining the regular accounting processes like budgeting, allocation, cash movement monitoring, accounts receivable and payable, billing and managing the mounted assets. Since most ERP packages are deployed in international markets, it’s important that the FM module should assist multiple languages and currencies.
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Basically, legacy programs are typically given insufficient assets for their correct maintenance, even when an upgrade to contemporary technology isn’t being contemplated significantly. The blame should go to the decision makers in the group and the non-technical executives who are inclined to assume that they’ll continue to run on a budget, and underestimate the risks of taking this method.
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three. Excess customization: The ERP system is usually custom-made and altered to suit the … Read More