ERPs, by design and evolution, manage a proverbial boatload of day-to-day business operations. Everything from procurement and project management to HR and risk management and supply chain operations. Admittedly, ERPs are a modern marvel of business innovation that changed the way organizations — big and small — have functioned over the past two decades. Yes ERPs, we salute you. That said, ERPs can’t offer every corporate department a solution to every problem.
The ERP started as a tool for business finance but evolved to serve broader strategic and operations functions for organizations. But in that evolution, the ERP largely ignored the needs of accountants for years. Of course, accountants (being accountants) developed creative solutions and used spreadsheets to solve most problems. Unfortunately, those workarounds led to excessive time spent reconciling subledger after subledger. Not the perfect model of efficiency.