Emerging Opportunities in ERP for Chartered Accountants

1. Emerging Opportunities in ERP for Chartered Accountants What is ERP Evolution of ERP Evolution of the user Role for a Chartered Accountant As auditor Beyond audits Piyush Jain CA-ISA, CISA

2. What is ERP Enterprise Resource Planning systems (ERPs) integrate (or attempt to integrate) all data and processes of an organization into a unified system. A typical ERP system will use multiple components of computer softwareand hardware to achieve the integration. A key ingredient of most ERP systems is the use of a unified data base to store data for the various system modules. Piyush Jain CA-ISA, CISA

3. Integrates all data and processes of an organization Piyush Jain CA-ISA, CISA

4. Benefits of ERP ERP facilitates integration of company-wide information systems with the potential to go across companies. Helps in reduction of organization’s operating costs   Integrates all parts of an organization Increases the efficiency of operations as a result of this integration Integration enables seamless flow of information across the organization. Enables consolidation of different software in the organization Helps in better customer service   Piyush Jain CA-ISA, CISA

5. Unified data base Piyush Jain CA-ISA, CISA

6. Evolution of ERP Piyush Jain CA-ISA, CISA

7. Evolution of ERP 1960’s inventory control was important and software were designed to help in inventory management which was handled by tools called BOM processors (Bill of materials). 1970’s advent of Material Requirement planning (MRP) software was felt as the complexity of manufacturing operations increased. 1980's Manufacturing Resources planning (MRP-II), which was nothing but extension of MRP to shop floor and Distribution management activities.  Early 1990’s, increasing complexities of businesses and the need to integrate all the functions within an enterprise to sustain in the dynamic environment lead to development of ERP (Enterprise Resource planning) tool. Piyush Jain CA-ISA, CISA

8. Web-enabled ERP Piyush Jain CA-ISA, CISA

9. Evolution of the user Piyush Jain CA-ISA, CISA

10. Chartered Accountant and ERP Clarity on the business processes Knowledge of the various acts and compliance requirements Strong financial domain understanding Good analytical skills Piyush Jain CA-ISA, CISA

11. Role for a Chartered Accountant – As auditor ERP Audits- Stages of Growth Nonentity Enemy Slave Partner Weapon Piyush Jain CA-ISA, CISA

12. Role for a Chartered Accountant – As auditor Auditor Systems audit Business audits Security audit Compliance audit Piyush Jain CA-ISA, CISA

13. Role for a Chartered Accountant – beyond audits Project Manager Road map for implementation Change management initiative Implementing the ERP Piyush Jain CA-ISA, CISA

14. Role for a Chartered Accountant – beyond audits Team Lead and Consultant Business process reengineering Client’s readiness for ERP Data migration strategy Performing / BPO for data migration Creation of test scripts tailor made to the client’s requirement Piyush Jain CA-ISA, CISA

15. Role for a Chartered Accountant – beyond audits Expert consulting on solutions relating to MIS Business related data mining Consolidations Management of strategic plans of the enterprise Piyush Jain CA-ISA, CISA

16. Role for a Chartered Accountant – beyond audits Trainer / ERP Faculty ERP implementation partner ERP maintenance services ERP BPO services Initiator and guiding force for the top management’s Governance, risk management and compliance initiative in the enterprise Piyush Jain CA-ISA, CISA

17. Role for a Chartered Accountant – beyond audits TRUSTED advisor to the client on the ERP implementation initiative Piyush Jain CA-ISA, CISA

18. Emerging Opportunities in ERP for Chartered Accountants Questions Email : info@ebusinez.net Mobile: 98111 98551 Piyush Jain CA-ISA, CISA