{"id":3107,"date":"2015-08-20T18:23:16","date_gmt":"2015-08-20T22:23:16","guid":{"rendered":"https:\/\/blogs.solidworks.com\/delmiaworks\/finding-the-erp-solution-that-satisfies-your-accounting-department\/"},"modified":"2015-08-20T18:23:16","modified_gmt":"2015-08-20T22:23:16","slug":"finding-the-erp-solution-that-satisfies-your-accounting-department","status":"publish","type":"post","link":"https:\/\/blogs.solidworks.com\/delmiaworks\/finding-the-erp-solution-that-satisfies-your-accounting-department\/","title":{"rendered":"Finding the ERP Solution that Satisfies Your Accounting Department"},"content":{"rendered":"

\"Satisfy-Accounting\"<\/a>The creation of the modern ERP<\/a> system began in the 1960s. Most\u00a0manufacturing systems were developed to assist accounting\u00a0departments, with general ledger and accounts payable\/ receivable\u00a0functionality at the core. Over time, the systems evolved to include\u00a0MRP<\/a> and inventory control because understanding where and how\u00a0you spent your money allowed for better cost control. Eventually,\u00a0more shop functionality was added until the ERP software evolved\u00a0into the version we know today, with less emphasis on the original\u00a0financial foundation.<\/p>\n

Today, ERP selections can lean toward the needs of the shop\u00a0floor, leaving financial teams underserved. How can accounting\u00a0departments get the functionality they need and meet the shop\u00a0floor team\u2019s system requirements?<\/p>\n

The best way to balance the needs of both the front office and the\u00a0shop floor is through a comprehensive ERP solution. Integration of\u00a0third-party programs, such as QuickBooks or Great Plains into a core\u00a0ERP solution can work, but the solution is commonly fraught with\u00a0challenges such as duplicate data entry, information delays and\u00a0silos, interface issues and customization expenses.<\/p>\n

Benefits of a Comprehensive ERP System with Accounting Functionality<\/h2>\n

A comprehensive ERP system with accounting functionality\u00a0developed on the same database as the rest of the software makes\u00a0every aspect of your business visible, traceable and incredibly\u00a0efficient. Take a look at how a comprehensive ERP system can\u00a0seamlessly transmit and communicate accounting information\u00a0throughout a manufacturing environment:<\/p>\n

A quote\/sales order comes in and as it is being entered, the\u00a0customer service representative gets an immediate alert if\u00a0the customer has exceeded their credit limit or is on account\u00a0hold. When creating the sales order, all customer-specific price\u00a0breaks and pricing terms are available for accurate invoicing. As\u00a0shipments are released, sales order data is translated immediately\u00a0to accounts receivable where an invoice can be sent to the\u00a0customer with the click up a button. Post production, the ERP\u00a0system can analyze labor, overhead, fixed asset depreciation and\u00a0up-to-the-minute inventory costs to determine the actual cost to\u00a0make the order and activity-based costing reports can be easily\u00a0generated to determine the profitability of the customer. The\u00a0kicker? Nowhere in the process was there duplicate data entry,\u00a0manual interference or information delays.<\/em><\/p>\n

With a comprehensive ERP solution, you gain full accounting\u00a0functionality such as accounts receivable, accounts payable,\u00a0business intelligence, expense tracking, financial reporting, fixed\u00a0assets management, general ledger, human resources and payroll,\u00a0job and process costing, invoicing, purchasing and more. The\u00a0advantages of an ERP solution with native accounting functionality\u00a0are impressive:<\/p>\n