ERP applications are designed to optimize an organization's underlying business processes - accounting/financial, manufacturing, distribution, and human resources/payroll.
current cash availability, etc. Budgeting - Involves budgetary controls, budget accounting, budget development, and budget allocation. Treasury management - Monitors and analyzes cash holdings, financial deals, and investment risks. Cost control - Analyzes corporate costs related to overhead, products, and manufacturing orders. It provides a variety of costing approaches such as standard, FIFO, LIFO, average, target, and activity-based costing (ABC). Financial consolidation - Enables individual business