Which of the following enables rapid consolidation of financial data across multiple organizational units and countries?
A)A well-designed disaster management system
B)A life cycle management system
C)A well-implemented enterprise resource planning system
D)A risk management system

Question

Quizplus · Accepted Answer

An enterprise resource planning (ERP) system enables rapid consolidation of financial data across multiple organizational units and countries. ERP systems integrate various business functions, such as finance, accounting, human resources, and supply chain management, into a single system. This enables companies to gather financial information from different departments and locations and consolidate it into a single database for analysis and reporting. A well-implemented ERP system can increase efficiency, accuracy, and visibility in financial reporting and management. A well-designed disaster management system, a life cycle management system, and a risk management system may all be important for an organization, but they do not necessarily enable rapid consolidation of financial data across multiple organizational units and countries.

Which of the Following Enables Rapid Consolidation of Financial Data