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- Title
getting more from an ERP investment.
- Authors
Scherpenseel, Chris
- Abstract
This article reports that most businesspeople would agree that increased financial visibility is a good thing, implying that it's easier to understand a business's financial position, performance and prospects. It allows companies to monitor business conditions on an ongoing basis and respond to new opportunities and challenges in order to improve their overall performance. Financial visibility is critical to the inner workings of a company and also to a company's stakeholders and the marketplace. The author adds that determining how much to invest in analytics to increase visibility can be tricky for companies and many invest heavily in enterprise resource planning without understanding what their return on investment should be. The author provides some tips for determining this balance.
- Subjects
ENTERPRISE resource planning; STRATEGIC planning &; economics; RATE of return; FINANCIAL performance; CORPORATE finance; FINANCIAL management; BUSINESS conditions; BUSINESS planning; RESOURCE allocation; CORPORATE growth; BUSINESS forecasting; EARNINGS forecasting; ECONOMICS; MANAGEMENT
- Publication
Financial Executive, 2003, Vol 19, Issue 5, p52
- ISSN
0895-4186
- Publication type
Article