ERP finance module definition

Contributor(s): Stan Gibilisco

An ERP (enterprise resource planning) finance module is a software program that gathers financial data and generates reports such as ledgers, trail balance data, overall balance sheets and quarterly financial statements.

ERP is an industry term for the broad set of activities that helps an enterprise manage the important aspects of its business. The information made available through an ERP system provides visibility for key performance indicators (KPIs) required for meeting corporate objectives. ERP software applications can be used to manage product planning, purchase parts, maintain and keep track of inventories, interact with suppliers, provide customer service, and track orders.

This was first published in March 2012

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