Consolidating erp systems
Each consolidating group company can have its own activity, added to the consolidated information loaded.
Financial Reports and other Results Statements can be displayed and printed for the consolidating group companies.
Enterprise resource planning (ERP) is the integrated management of main business processes, often in real-time and mediated by software and technology.
ERP is usually referred to as a category of business management software — typically a suite of integrated applications—that an organization can use to collect, store, manage, and interpret data from these many business activities.
Group companies can consolidate further, and consolidate with individual companies as well, to form larger groups.
Companies can be organized in hierarchical groups, like local companies into regional companies, then regionals into nationwide, and so on, with no limits on the number of levels of consolidation.
When you are able to achieve this in a very non-disruptive manner, in a cloud environment, with minimal IT oversight, the approach of combining Saa S, Paa S and Big Data solutions will always be the winner.
Now imagine scenarios where customers have more than just two ERP systems.
Many CIOs that I have met have over five ERPs, a select few with more than forty.
With M&A as a growth strategy in today's market, every CIO is faced with a dilemma with every new acquisition: This should not be a shocker, Option 3 is where almost everyone starts... Whether Excel is the most dangerous software on the planet is debatable (link to the Forbes article), but once entrenched, it takes a herculean effort to move people away from it.
While providing a quick path to collecting information, this option quickly transforms itself into a maintenance hegemony, riddled with pools, and sometimes oceans of untrustworthy data. The Enterprise Data Warehouse (EDW), the Option 2, seems at that point a logical second option.