Enterprise Resource Planning for Financial Analysts

Abstract

In the present business environment, role of a financial analyst is considered to be very important and inevitable. Financial analyst as managers, consultants, advisors or auditors plays an important role in controlling, managing, and supporting the business. As business needs are very complex in nature, the implementation of an ERP package needs financial analyst with functional skills for evaluation, Business Process Reengineering (BPR), Mapping of Business requirements, Report designing, ensuring Business controls, customization of the package for the specific requirements, Documentation etc., Sooner or later a financial analyst without the knowledge of ERP may feel as if he is a fish out of the bowl. By this article it is attempted to highlight various aspects of ERP and specific areas of ERP that are relevant for financial analysts.