Vol. 2, Issue 9 (2016)
Enterprise resource planning (ERP) and financial empowerment of organizations
Author(s): Mehrab Zarei, Dr. Nagaraju B
Abstract: ERP is business software package which it can unify the data and transfer the information between all parts of the organization such as: Accounting, Financial Management, Human Resource Management, Supply Chain, and Customer Relationship Management. Enterprise Resource Planning system by processing of whole organizations activity will make a new situation for the manager as well as personnel to can have better feedback. After investing on ERP it takes one to three years to get Return on Investment (ROI). ERP it has an essential role for improve of financial empowerment of organization by increasing the level of investment, productivity and profitability. Therefore, it can be said that, increase on productivity is the best tool to improve people’s lifestyle and creation of capital for future. This paper it’s going to present the role of ERP on profitability and financial empowerment in organizations.