ERP financial modules brings the visibility into financial transaction of a company. Thus that sector become transparent. Financial sector comprise of key informations. It determine the financial position of the company. ERP finance software helps to store financial information in safe and systematic way. Operational flexibility is another advantage provided by ERP financial systems. Financial softwares integrates different financial informations which are from different departments. This integration also include different financial functions. Accounting, payments, treasury are certain examples for such activities. Financial softwares helps to retrieve informations any time any manner so this helps in decision making. So it also plays a major role in strategic planning.
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