Question

Imagine that your uncle owns and operates a construction company. The company owns a number of very expensive pieces of machinery, such as backhoes, for building houses and apartment buildings. Up until now, your aunt has “taken care of the books” by keeping financial records by hand. However, business is picking up, and she has gotten far behind in filing taxes, paying bills, and so on. Write a persuasive essay to your uncle about why he needs an ERP system and how it would help with not only the burden of billing, payroll, and filing taxes, but also with keeping track of the company’s expensive machinery.

Answer 1

• An ERP system allows data to be entered once and then used throughout the organization.
• With access to real time information about contracts, material costs, labor, inventory, account balance etc., my uncle will be able to confirm availability of equipment, assign jobs, prepare invoices, pay bills and update projects.
• An ERP system can also provide a standardized HR platform for reporting timely, tracking of expense, training, skills matching, and highly enhance an organization's capability to file the necessary reporting for government regulations, across finance, HR and the supply chain.