Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

ERP enters into the world of financial technology

ERP enters into the world of financial technology

The ERP system today is not like it used to be in the past; straightforward and tractional. Although ERP systems still continue its basic functionality of providing professionals with the portal to execute and manage their basic processes like inventory, employee management, purchasing etc., now it is more complex and has established its footprint in almost every sector.

The question that is making business professionals ponder is that whether a digital financial management platform requires an ERP system or not. A few companies have started questioning the importance of ERP system because of the rise of cloud-based trends. No one can deny the ERP’s capacity to coordinate and incorporate with enterprise applications coming into effect.

Joe Scioscia, VP of sales, VAI says, “People understand today that having all of these different, unintegrated applications are truly not the most effective way to go. While there are a lot of good apps out there that assist users in collecting the data, all of that data really needs to reside in one central repository in the end. An ERP system is the perfect spot for that.”

As businesses are getting compatible with cloud data storage, the trend of combining ERP with other apps is increasing. For example, VAI’s latest partnership with SAP Concur paves the way for the integration. The corporate fintech has also adopted the ERP solutions as it is quickly jumping into the cloud, the technology in the financial systems can make greater use of data now!


Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

Business Travelers to Stay at Singapore’s Changi Airport Bubble

Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...

Countries in Asia-Pacific are marching towards ‘green recovery’ amidst Covid-19 crisis

2020 has been an unforgettable year for many of us. The ongoing Covid crisis has reminded people that it is very important to have an uninterrupted an...

Department of Telecommunication to announce the new schedule for 5G trials

Department of Telecommunications (DoT) is all set to announce the new schedule for 5G trials. The Dot made this decision after being pulled by the par...