How Does Enterprise Costing with ImpactECS Enhance Your ERP System – Part 2
Now that we’ve covered rate building with ImpactECS in Part 1, let’s tackle another data issue – integrating data between disparate systems.
In any complex environments, there are a number of systems that collect data critical to running the business. Using manufacturing as an example, your ERP systems generally contain financial information like general ledger entries and manufacturing execution systems, or MES, capture shop-floor production information. If you’re at a large company, you may have to deal with multiple instances of these systems – spending lots of time and energy reconciling data before you can even begin to analyze performance.
Source: Post Design Studios
Most companies have now come to the conclusion that one instance of ERP to manage all aspects of their business is not attainable. The need to connect data will always exist. One of the biggest advantages of using an enterprise cost system like ImpactECS is the ability to connect with lots of different systems to calculate results and perform detailed analysis. So if you’re running an older version of an ERP system in your original facilities and your company acquires a competitor that is running a more current version, ImpactECS doesn’t care. Or if you keep your operations data in a data warehouse and the general ledger is maintained in your ERP, it doesn’t matter to ImpactECS. Data is data.
ImpactECS allows companies to create a centralized process that incorporates all of the data needed to develop an end-to-end costing and profitability process in one place. And, its ability to connect with a host of other critical systems and databases increases the integrity of all your data – and gives you confidence that your decisions are based on the most complete view of your company’s performance.
In our last installment, we’ll discuss using ImpactECS for forward-looking planning and analysis.