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Title Towards Improvement in Return on Investment (ROI) by Implementing Enterprise Resource Planning (ERP) Solution in Finance Departments

Author(s) Saba Mumtaz

Abstract The ERP solutions contribute in making financial performance of companies in a long term period. The demands of such systems are mostly raised by manufacturing companies in our country. The top management support, implementation team support and end user training & support during implementation of ERP systems directly and indirectly effect returns of investments of the companies. Initially success of ERP solutions is dependent upon these three factors. The management, team and users focus on profitability of the company. In this study the accounts & finance departments of production companies of Faisalabad are selected where ERP systems have been implemented. The sample size constitute on three hundred respondents that are selected from accounts & finance offices of companies. The gross profits, net profits, equity capital, and all other expenditures & revenues are managed in database of ERP finance module. Our results show that ERP finance module positively associated with ROI of company. The top management support, ERP implementation team support and user support & training positively contribute in success of ERP systems and positively affect ROI of company. Firstly the top management is more conscious to increase the profitability of company by focusing on suitable ERP packages. For this purpose performance and support of ERP implementation teams is required but these teams concentrate less on ROI of the companies. The ERP system users efficiently control financial data on databases if sufficient training provide to them. The end users highly concentrate on profitability of the companies.

Type Thesis/Dissertation MS

Faculty Management Sciences

Department Management Sciences

Language English

Publication Date 2015-01-01

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