Maximizing True Business Benefits of ERP – Role of Management Accountants

Abstract

The Management Accountant, with his deeper understanding of the business processes across the organization and its cost structure and the value delivered to the business, would be the ideal person to contribute a lot in this process of making ERP a tool of truly delivering the business benefits. ERP can truly be a tool for enhancing organizational efficiency across all levels, delivering business benefits in terms of reducing inefficiencies and losses, increasing the productivity of assets, enhancing customer satisfaction and improving productivity of employees. Management accountant with his deeper insight of the various business processes both in terms of cost flow and value creation, can play a major role in achieving the above objective.