Any successful ERP implementation begins and ends with solid accounting software functionality. From the initial launch process of establishing general ledger account numbers thorough the conference room pilot of validating account balances and financial statements, a quality ERP package will be inherent with strong accounting software functionality that is both flexible and easy to use.
Within an ERP system, the accounting software modules manage the recording and processing of accounting transactions within functional areas such as accounts payable, accounts receivable and payroll. These functional areas and their corresponding sub-ledgers will feed transactions into the general ledger where financial reports are generated for management and external stakeholders. Regardless of the transaction or function, it will ultimately lead back to the general ledger for final review and analysis. As such, selecting an ERP solution with functionality rich accounting software functionality is vital to the project’s overall success.
Our consultants are aware of the potential pitfalls of ERP selection projects and can help hedge against project cost overruns, software that is misaligned with business needs, and lack of return on investment. Panorama’s team has industry-specific expertise that helps achieve measurable business improvements.
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