SAP FICO Course Info : http://goo.gl/N7ZIoj

What is the Concept of ERP
Why ERP is required
With Enterprise resource planning (ERP) all the available resources of an Organization are utilized in a proper manner to achieve the certain business objective and to get maximum output with minimum input.
Disadvantages of Non- ERP systems:
1.Restricted flow of information with all the departments of the Organization
2.Delay in implementation
3.Delay in Decision making
4.Loss of revenue to the Organization
5.Fall of Good will in the market
6.Maintaining different software at the different departments makes analyzing difficult
7.Chances of the same data presenting in various software which can bring confusion in decision making
SAP FICO – Versions
Current version – ECC – 6, EHP – 6
Older version – R1, R2, R3
Advantages of ERP
Connectivity of the information of different departments of an organization is visible clearly.  Show less