"Integrate expenditure cycle enterprise system" Essays and Research Papers

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    Accounting Information system There are four activities in revenue cycle namely; sales order entry‚ shipping‚ billing and cash collection. The table below shows the activities and the related actions to be conducted by company employees:- Revenue cycle activities | Activity | Sales Order Entry | Process orders from customers | Shipping | Deliver merchandise or services to customers (outbound logistics) | Billing | Send invoices to customers | Cash Collections | Process payments

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    Enterprise Systems Enterprise systems (ES) are large-scale organizational systems built around packaged enterprise system software. Enterprise system software (ESS) • is a set of packaged application software modules with an integrated architecture‚ which can be used by organizations as their primary engine for integrating data‚ processes and information technology‚ in real time‚ across internal and external value chains; • contains deep knowledge of business practices accumulated from vendor

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    1.Enterprise System – are software applications that have cross-organizational capabilities as opposed to department or group-specific programs. They allow for collaboration and communication across the organization through collection of data that is accessible and usable by multiple departments EXAMPLE: CRM  Customer relationship management (CRM) is one of the most popular examples of an enterprise system. It is a popular marketing system that is used to optimize the customer experience and

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    Enterprise Systems Enterprise Systems Michael Peele IT 205 Axia College of University of Phoenix Enterprise Systems What are Enterprise Systems? According to Laudon and Laudon (2009)‚ an Enterprise System is the ability to know how a business is performing. An Enterprise system allows one to account for inventory and the replenishment process. AN enterprise System allows for integration of different databases. The main database is able to acquire information from different departments

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    What are enterprise systems? Provide examples of organizational functions supported by enterprise systems. Enterprise systems‚ according to the text‚ are: a set of integrated software modules and a central database that enables data to be shared by many different business processes and functional areas throughout the enterprise. (Laudon & Laudon‚ 2011)Let’s say‚ for example‚ the financial department of an organization needs to audit all of the orders fulfilled by the Sales and Marketing department

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    Expenditure Cycle Introduction Definition: recurring set of business activities & related info-processing operations‚ associated with procuring goods & services from suppliers (primary external info exchange) & cash disbursements Objectives: minimise total cost of acquiring/maintaining inventory‚ supplies & services Goals of Expenditure Cycle • Purchase from reliable vendors (service-focused) • Purchase high quality items (quality-focused) • Obtain best possible prices for

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    Davenport’s article “Putting the Enterprise into the Enterprise System” discusses the pros and cons of Enterprise Systems. These systems gather data—manufacturing‚ sales‚ logistics‚ financial‚ etc.‚ and then pull this data into a central warehouse that helps companies make informed business decisions. However‚ the Article’s main theme is‚ that while these can be powerful tools for an organization‚ the adoption of a cookie cutter solution may be counterproductive. The part that most interested me

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    IT/205 What are Enterprise Systems? Provide examples of organizational functions supported by enterprise systems Enterprise Systems are a suite of integrated software modules that help companies to integrate information from many parts of the business by storing it in one database. The database collects data from many different divisions and departments in a firm‚ and from a large number of key business processes in manufacturing and production‚ finance and accounting‚ sales and marketing‚

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    12) Questionnaire Checklist for Basic Activities in Expenditure Cycle. Is data encrypted? No. If data is not encrypted then someone who is not authorized can obtain the personal information of suppliers. Is there a recovery mode and is data regularly backed up? No. If a recovery mode and data backup is not in place then data could be lost permanently. Is access restricted to the master file of suppliers? No. If access is not restricted then unauthorized personnel could add fictitious suppliers

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    The Contribution of Enterprise Systems What are enterprise systems? Provide examples of organizational functions supported by enterprise systems. One person wanted something that another person had‚ so they found a way to trade one thing for another. Right there‚ we can see the benefits of such a system. Each person involved had gotten involved out of free choice rather than being forced into it. And because each person was not forced into it‚ each was able to make the best choice

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