The Core Functions of the Bangko Sentral ng Pilipinas
ERP benefits for business processes
1.
2. ERP – Enterprise Resource Planning is a
business application that integrates all
business processes in an organization.
ERP provides an integrated view of various
functions that helps in effective use of
management resources to improve the
efficiency of an enterprise.
3. Enterprise is a group of people with a
common goal and certain resources at its
disposal to achieve that goal
Enterprise is divided into different units
based on the functions they perform
Enterprise must act as a single entity
4.
5. Improves productivity of processes &
personnel
Lowering the cost of products and services
purchased
Inventory reduction
Lead time reduction
Reduced stock obsolescence
Eliminate duplication and unnecessary
paper work
Order fulfillment improvement
Better analysis & planning capabilities
6. Increases organizational transparency and
responsibility
Accurate and faster access to data for
timely decisions
Improved customer response
Saves enormous time and effort in data
entry
More controls there by lowering the risk of
mis-utilization of resources
Uniform reporting according to global
standards
Improves Company’s Image
7. • ERP means more work and procedures
• ERP will make many employees redundant
and jobless
• ERP is the sole responsibility of the
management
• ERP is just for the managers/decision
makers
• ERP is just for the ERP implementation team
• ERP slows down the organisation
• ERP is just to impress the customers
• ERP will take care of everything without
doing anything
8. 1960s : Inventory Management Systems
1970s : Material Requirement Planning
(MRP)
1980s : Manufacturing Resource Planning
(MRPII)
1990s : Enterprise Resource Planning
(ERP)
2000s : Web Enabled ERP
9. Functional fit with company’s business
processes
Degree of Integration
Flexibility & Scalability
Complexity
User Friendliness
Ease of implementation
Amount of Customisation
Technology
Security
Local Support
Availability of upgrades
Vendor’s Track Record
10. Cost of ERP Software License
Cost of other Softwares
Training Cost
Implementation Support Cost
Customisation Cost
Maintenance & Support Cost
Hardware Cost
Networking Cost
11. 1. SAP R3
2. SAP Business One
3. Oracle Financials
4. Oracle eBusiness Suite
5. Oracle JD Edwards
6. Oracle Peoplesoft
7. Microsoft Dynamics
8. Epicor
12. • Online transaction processing
• Rule based & Parameterised
• Document routing and authorization
• Drill down queries
• Customizable Documents & Reports
• Multi-currency support
• Strong access control
• Scalable and Fast
ERP Features
19. General Ledger
Define Accounts charts as per your
requirement
Define cost center charts with budgets
Enter vouchers on-line
Route vouchers for approval
Online posting of vouchers in G/L and sub-
ledgers
Maintain all books of accounts
Generate Balance Sheet and Profit & Loss
Account
20. Access comprehensive vendor
information
Process invoices with online matching
with Purchase Orders & Goods Receipt
Notes
Post valuation of G.R.N. online into
materials system
Make payments as per due date
Accounts Payables
21. Enter/Import passbook online and match
with bank book
Create commission/interest vouchers while
entering passbook
Generate bank reconciliation statement
Calculate Interest for the given period
Bank Reconciliation
22. Excise
VAT
Sales Tax
Service Tax
Income Tax
T.D.S.
Taxation
23. Record comprehensive details of each
asset
Record additions, transfers and
retirement of assets
Track an asset by asset number,
description, location etc.
Maintain books of depreciation as per
company law as well as IT rules
Fixed Assets
24. Calculate depreciation for part of the
year based on number of days or half
yearly period
Post depreciation entries to G/L
Capitalize revenue expenditure on
assets
Track insurance policies and claims
Track third party maintenance contracts
Fixed Assets
27. Define Daily, Monthly or Annual Production
Plans
Carry out BOM explosion for the production
plan
Generate Materials Requirement Plan
based on Production Plan
Generate MRP Plan on Daily, Weekly or
user defined period basis
Create purchase requisitions based on MRP
Plan
Material Requirement Planning
28. Manage Vendor database
Create vendor-item catalog
Send request for quotation to vendors
Enter quotations received and perform
comparative analysis
Approve quotations for purchases
Create purchase orders online based on
requisitions as well as MRP Plan
Purchasing
29. Create delivery schedule releases and
send to vendors
Reschedule deliveries
Create P.O. amendments
Vendor performance ratingbased on
quality and delivery
Fully integrated with Accounts Payable
Purchasing
30. Define Multiple stores
Enter all stores transactions online
Stores transaction include
- Goods receipts from suppliers
- Returns to suppliers
- Issue to Production
- Issue to others
- Finished Goods receipts from production
Inventory Control
31. - Returns from customers
- Inter-store transfers
- Other misc. transactions
Update stock transactions online to stock ledger
Generate stock ledgers & statements
Update overhead costs on receipts
Value inventory based on several methods - FIFO,
Standard Rate, Weighted Average Rate
Create various analysis reports (ABC, XYZ, FSN)
Inventory Control
32. Define QC specifications (including
assay, Loss on Drying and standard test
procedures for each item
Access G.R.N.’s awaiting QC online
Allot testing to analysts based on work
load
Generate QC register for items/batches
to be analyzed
Update test results online and match
with standards to approve or reject
material
Print Test Certificates
Quality Control
33. Define Production facilities in terms of
production centers, production stages etc.
Define manpower assigned for each
production stage/machine
For each product, define Process Bill
including
sequence of manufacturing operation
machines used for each operation
Process Modelling
34. inputs, outputs, yield, time, and manpower for
each operation
measurements required to be taken
test requirements
standard operating procedures
Process Modelling
35. Create Production Plan based on
Distribution Plan
Project gross raw material requirement
Assess plan feasibility with respect to
capacity and manpower currently
deployed
Analyze capacity utilization w.r.t. Plan
Analyse manpower utilisation w.r.t. Plan
Track Plan vs. Actuals Position
Automatically roll over unrealized Plan
Production Planning
36. Create New Batch Record
Generate Stores Requisition for raw
material for batch order
Enter Batch Details (Operation wise)
Access Process Bills Details including
Standard Operating Procedures on-line
Generate intimations for Q.C. for testing
intermediate and finished goods
Production Management
37. Print Batch Tickets for completed
batches
Generate
- Various Production Reports
- Capacity Utilization Reports
- Manpower Utilization Reports
- Yield Variance Reports
- Batch Costing Reports
- W.I.P. Reports
Production Management
38. Group products by product groups for
planning, reporting and analysis
Group marketing areas by Zone,
Regions and Territories
Define Depot wise Sales Forecast
Create Depot Distribution Plans based
on sales forecast and inventories held
Create Depot despatch schedules from
Distribution Plan and Production Plan
Distribution Planning
39. Marketing & Sales
Maintain comprehensive customer’s
information
Process request for quotations and
generate quotations
Process Sales orders
Create sales invoices, depot stock
transfer notes
Track Daily Stock and Sales
Fully integrated with Accounts
Receivables
40. Exports Management
Maintain Standard Input/Output Norms
Process export licenses such as DEPB,
DFRC, Advance License etc.
Generate complete pre-shipment and
post-shipment export documentation
42. Define Organizational setup
Define Comprehensive positions profile
Define Skills repository
Maintain Employee information
Maintain Service records
Process Change requests
Access Career History online
Personnel Information
43. Education and training
Career planning
Succession planning
Promotions and transfers
Performance appraisal
Awards and recognition
Disciplinary actions
Asses training requirements
Plan training calendar
Arrange training for employees and update
results
Human Resource Dev.
44. Define leave rules
Create leave cards
Perform leave transactions such as -
- Leave application
- Leave cancellation
- Leave encashment
Access leave card and leave information
online
Leave Management
45. Define shifts and holidays
Define Department wise shift plan
Interface with attendance recording
machine
Post attendance data on muster
Authorize overtime
Generate absenteeism, late coming, early
going and unauthorized absence reports
Attendance Management
46. Define Category wise payroll rules
Define Income Tax rules
Import attendance data into payroll
Payroll Processing
Arrears Payments
Compliance with Income Tax, TDS,PF, ESI
Integrated with General Ledger
Payroll Administration