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.