6 Techniques where ERP Makes Manufacturing More Commercial

#1 Consolidated and standardized financials When all production facilitates, across geographies, use the same manufacturing ERP, it would be easier and faster to produce standardized financial reports, because the accountants at each site use the same  financial management module  and reporting framework. Regardless of the local accounting standards and currency, a good manufacturing ERP would be able to manage multiple transactional currencies and report in a specific base currency, both, to suit local as well as international accounting standards. #2 Centralized reporting A multi- tenant  manufacturing ERP system  will allow managers to have a clear view in the corporate finances with a few clicks. Compliance reporting can be easily coordinated from a central office and distributed anywhere, across geographies, where a report is required. This brings substantial benefits for the organization in terms of cost and time reduction. The time and per...