Configuring ERP System - 1

ERP System we talked in past and in last post we talked Configuring ERP System. Today we continue our talk on configuring ERP System.

Configuration Tables – A configuration table enables a company to tailor a particular aspect of the system to the way it chooses to do business. For example, an organization can select the type of inventory accounting – FIFO or LIFO – it will employ or whether it wants to recognize revenue by geographical unit, product line, or distribution channel. or an organization in insurance industry can select agency management software or insuranc software like insurance crm software or insurance sfa software.

So what happens when the options the system allows just aren’t good enough? At this point a company has two choices, both of which are not ideal. It can re-write some of the enterprise system’s code, or it can continue to use an existing system and build interfaces between it and the new enterprise system. Both options will add time and cost to the implementation process. Additionally they can dilute the system’s integration benefits. The more customized the system becomes the less possible seamless communication becomes between suppliers and customers.

ref: wikipedia, Insurance Software, Customized Insurance CRM Software