What is an Enterprise Resource Planning System
ERP (Enterprise Resource Planning) software applications act as the central company-wide information system. ERP systems integrate all of an organization’s departments, divisions, lines of business and geographical locations into a single, shared, unified and enterprise-wide information system. The University is an “enterprise” and an ERP solution integrates all functions — student information, human resources, and financial systems — into one administrative system.
ERP at the University of Miami
ERP at the University of Miami represents a multi-year initiative that will:
- Align and integrate mission critical enterprise data, information and business processes to support the strategic mission.
- Replace 20+ year old legacy administrative applications (HR/Payroll, Finance, Student, etc.).
- Transform business processes through adoption of “Best Practices”
- Create enhanced reporting capabilities across the University.
- Enable enhanced self-service capabilities for students, faculty and staff.
What will an ERP do for the University of Miami
An ERP will support business transformation and improved access to data. It will:
- Integrate and facilitate flow of information across all functions.
- Act as facilitator for re-engineering of current business practices.
- Reduce non-value-added work.
- Support trend analysis and metrics-based decision support.
- Allow users to:
- Input data into one system that integrates with other systems.
- Access data as information reports in real-time environment.
- Share common data and practices across institution.
- Provide path for ongoing application enhancements to compete effectively.
- Transfer need for critical system knowledge and support to vendor.
- Reduce costs of maintenance and support.