On the traditional MRP or in ERP in financial management has always been the core modules and functions. Accounting and financial management of the target is the enterprise cash flow, is the effectiveness and efficiency of business operations and performance measurement, which is a financial information system has been implemented by business in a variety of industries, when the focus of ERP. With the enterprise internal management of the external business environment and changing patterns of financial management put forward higher requirements, the emergence of new applications, while the existing major ERP vendors, provide a powerful, integrated and good financial application system, and in many international famous enterprises and domestic enterprises in a number of ERP applications have played a more prominent benefits. This will speed up to 5000 ERP financial applications, for example, introducing new ERP applications in the financial system features and functions of main modules.
1, the financial system in the evolution of ERP
From the late 90s, in order to establish competitive advantage, foreign enterprises pay more attention to time to market, product quality, service levels and lower operating costs, and to meet the market requirements of globalization, organizational structure and investment structure also tend to distributed, and flat. Entrepreneurs are aware that companies need not only rational planning and use of its various resources, needs to be in all aspects of the business environment, such as customers, suppliers, distributors and agent network, local manufacturing facilities and inventory management resources such as the close combine to form a supply chain, and accurately in a timely manner to reflect dynamic information of all parties, monitor operating costs and capital flows, improve business-to-market response flexibility and financial efficiency. Correspondingly, on the one hand enterprises started to reorganize the organizational structure and management model, the so-called business process reengineering (BPR); the other hand, emphasis on the use of advanced information technology to promote the role of the MRP Ⅱ, based on the implementation of ERP systems in order to more to effectively support the new supply chain and strategic decision-making. We can say that the concept of supply chain and integrated financial management ERP traditional MRP Ⅱ to transform and transcend the two core.
This trend is the challenge of the financial management system is reflected in:
1) on the global market information fast feedback;
2) To reduce operating costs and shorten product entering the market during the week to find balance;
3) increase of the internal and external organizations, other sectors of financial management;
4) provide a richer strategic financial information;
5) stronger financial analysis and decision support capabilities.
Traditional accounting information systems, including MRP Ⅱ in the accounting and finance modules, the main feature is used to collect and reflect ex post accounting data, in the management control and decision-making support function is relatively weak. In addition, the system's information processing is generally the automation of manual accounting functions, the system's structure is task-oriented and functions, which satisfy the requirements of accounting is already sufficient, but in business process monitoring and with other systems integration still need to be improved.
New features of financial system
Generation ERP System the financial management modules have been completed after the accounting information has been engaged in a reflection of the financial management, information processing, and then to multi-level, global financial management support for change.
These changes are embodied in:
Absorption and built the international advanced enterprise's financial management practices, improving corporate accounting and financial management business processes, such as support for centralized audit certificate to speed up the customs seal off the end of the speed, makes the efficiency of financial management. Financial systems not only within each module fully integrated with the supply chain and manufacturing such systems to achieve seamless integration. The business makes the company's financial information can be timely and accurate feedback, thereby strengthening the overall flow of funds management and control;
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