Enterprise Resource Planning (ERP) Systems Flashcards
S2 M2
cross-functional systems that support different business functions & facilitate integration of information across departments
ERP enterprise resource planning system
system used by accounts/financial managers that collects, records, & stores accounting information, then compiles that information using accounting rules to report both financial & nonfinancial information to decision makers in
AIS accounting information
AIS subsystem that converts economic events into financial transactions & distributes info to support daily operations
TPS transaction processing system
AIS subsystem aggregated daily financial info from the TPS & other sources for infrequent events like mergers, lawsuit settlements, or natural disasters to enable timely regulatory & financial reporting
FRS financial reporting system
AIS subsystem that provides internal financial info to solve day-to-day business problems
MRS management reporting system
identifying redundant services & consolidating them so that a single function can be shared across an organization
shared services
the delegation of routine, repetiive tasks to software applications without human intervention
automation
contracting of services to an external provider
outsourcing
a lightweight software designed to perform simple, repetitive tasks that require little to no judgement
robotic process automation
a form of artificial intelligence designed after the human brain used for complex tasks like analyzing data & supporting decision-making; involves an input, hidden, & output layer
neural network
machine-learning models that create human-like text & can interpret complex, unstructured data
LLM large language models
combines the rule-based modeling of human language with artificial intelligence to interpret text
NLP natural language processing
