Date Added: May 2009
Though different ERP solutions might differ in their focus and specific routines, almost all of them offer best-practice and industry specific financial and related processes. The modules might be called by different names, but serve certain basic functions. They also offer the facility to work with multiple currencies and reporting standards. ERP typically offers robust modules that can handle all the traditional functions of the finance department. Additionally, they include high value functions that cannot easily be handled by standard business accounting software.