Fully Integrated Midrange ERP Accounting Software is Rare

Few ERP (enterprise resource planning) systems offer a product which is simple enough for small companies, yet complex enough to manage multinational corporations with numerous companies and divisions. The accounting modules must offer a complete financial package which is fully integrated with the other enterprise modules.

Some of the functionality often missing includes:

• Consolidation of selected companies or divisions
• Multi-currency conversion functionality
• A "wild card" inquiry function is available for quick report generation
• Online review of transaction detail
• Reports that allow for functional and easily modifiable documents

The demands for an integrated midrange accounting ERP system are as rigorous as those for Fortune 500 companies; finding ERP solutions that provide the same functionality and a viable price point is not a simple solution. Using the features detailed above creates a checklist of sorts which can be a good starting point to determine the efficacy of any potential new ERP system.

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