it mgmt software

EA
by Elisabeth Atyeo0 views·Updated Apr 25, 2021
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  1. Hello team.
  2. As you know, we were looking at grids, interiors finance
  3. department and their budgeting and forecasting software as a global
  4. provider for seats, we have a responsibility to our stakeholders
  5. to find a software that meets the demand of our
  6. day to day operation.
  7. Um These systems are very important to the integrity of
  8. our business as without them, we are more susceptible to
  9. human error.
  10. So what are the requirements that meet the demand of
  11. our day to day operation?
  12. An integrated system forecasting ability, Roll ups and consolidations, general
  13. ledger entries and then month and reporting.
  14. An integrated system is very important because we need to
  15. be able to access our reports all in one area
  16. forecasting ability.
  17. The new year is The new accounting year is five
  18. months away, so we will have the next few Months
  19. to figure out an outlook for our 2022 and what
  20. will be spending um roll ups and consolidation.
  21. We want to be able to access reporting no matter
  22. what business we acquire and have that all go into
  23. one system no matter their previous accounting functions.
  24. Um General ledger entries which are the core of accounting
  25. keep are accurate financial transactions and then our month and
  26. reporting checks those general ledger entries to make sure that
  27. we actually are keeping that accurate reporting for legal requirements
  28. and then for obviously our customers.
  29. Mhm. Mhm.
  30. Okay. I recommend that we have a fully integrated system,
  31. any RP system that will hook supply chain management, manufacturing,
  32. Crm human resources and accounting or finance altogether.
  33. That way we can see what we're spending per department
  34. and not just what we're spending, what we're holding onto
  35. as a seat manufacturer.
  36. We have a lot of parts that go into seats
  37. um as cold that's been going on.
  38. We've had a lot of shutdowns.
  39. Uh huh.
  40. It's important that we know this variance or this extra
  41. supplies or extra parts that we have on hand so
  42. that we can keep this accurate financial record and then
  43. called base hosting.
  44. Yeah. For a global manufacturer.
  45. We would want the cloud based hosting because we would
  46. like for a company to be in charge of that
  47. security and that support rather than ourselves.
  48. So that way we can focus on our day to
  49. day manufacturing operation rather than focusing on um day to
  50. day updates, errors that are going wrong with the software
  51. etcetera. We'd rather leave that to the provider.
  52. Mhm. Meeting My Requirements, I picked two software's been of
  53. software is has all the requirements that we need for
  54. this project.
  55. It meets our general ledger entries, it needs our data
  56. integration. Um Our budgeting and forecasting software are ad hoc
  57. which is our legal requirements for finance.
  58. Um And then it keeps these reports and it builds
  59. these reports for us as long as as well as
  60. doing trend analysis and predict about analysis.
  61. All of this is very important to maintaining our business
  62. structure. Um And it would be very helpful for our
  63. Finance department.
  64. However, I believe that this nut suite software which is
  65. an E.
  66. R. P.
  67. Software that is specifically meant for manufacturing.
  68. So it does it is an E.
  69. R. P.
  70. System with that full integration that I was talking about
  71. earlier where we could have our supply chain management, our
  72. manufacturing, our Crm, our human resources in our accounting department
  73. all linked together for the more accurate reporting on access
  74. parts on um Maybe turnover rate for the HR management.
  75. Maybe that has cost us a sizable amount of money
  76. that we would like to keep in our trend analytics
  77. and to forecast for our future years.
  78. Um Having information like this for what's happened with Covid
  79. might be important for future financial recordings.
  80. Uh This offers everything that we need for features.
  81. It does our financial reporting for us.
  82. It does our general ledger entries.
  83. Um It is real time information all in one platform.
  84. Um And then it also has it doesn't say on
  85. the screen but it also has access to a dashboard
  86. for the Ceo as well as china.
  87. Mhm. Mhm.
  88. Mhm. So my references for this and what made me
  89. choose this was I used the M.
  90. I. S.
  91. Textbook for um basic definitions of things to keep everything
  92. linked together.
  93. Um Not sweet manufacturing and er P.
  94. S. They have a website that will give you all
  95. of the extra information that that one screenshot doesn't.
  96. Um And then the venice software as well has all
  97. the information and all the features that were given already.
  98. Um Also, I use my own personal experience.
  99. I work in manufacturing at Addie in Bridgewater, and I
  100. know that for us that's what I chose, whether we
  101. would do cloud based hosting or um a fully integrated
  102. system. It was based on that experience, so thanks so
  103. much for listening.
  104. And um I hope you guys have a lovely summer
  105. by