Flashcard Set on ERP Systems

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What is an ERP system?

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An ERP (Enterprise Resource Planning) system is a software solution designed to integrate and automate key business processes such as finance, human resources, production, supply chain, and sales.

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What is the general objective of ERP audits?

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To demonstrate the effectiveness, security, and regulatory compliance of implemented ERP systems to ensure optimal operation and maximize the value of technological investments.

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What are the specific objectives of ERP audits?

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1. Analyze the integrity and reliability of data managed by the ERP system. 2. Identify and evaluate risks associated with the implementation, operation, and maintenance of the ERP system.

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Why is data integrity important in ERP systems?

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Data integrity ensures that the information stored is accurate, consistent, and accessible, which is crucial for effective business processes and decision-making.

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What are some techniques for data cleaning in ERP systems?

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Techniques include data profiling, data standardization, data matching and deduplication, data enrichment, and data validation.

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What role does security play in ERP systems?

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Security in ERP systems involves managing user access and permissions, protecting sensitive data, and ensuring compliance with regulatory standards.

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What is the significance of regular updates and patch management in ERP systems?

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Regular updates and patch management are essential to close security vulnerabilities, improve system performance, and ensure compliance with industry regulations.

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How can organizations mitigate resistance to ERP implementation?

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By involving employees in decision-making, providing comprehensive training, and clearly communicating the benefits of the new system.

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What are the risks associated with ERP implementation?

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Risks include technical issues, budget overruns, resistance to change, lack of training, and inadequate knowledge.

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What is the importance of data backup and recovery in ERP systems?

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Data backup and recovery are crucial to prevent data loss due to system failures, ensuring business continuity and data integrity.