πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Which computer application is most directly associated

      with automating the procure-to-pay cycle in an organization?
      A Human Resource Management System (HRMS) Correct Answer Incorrect Answer
      B Customer Relationship Management (CRM) Correct Answer Incorrect Answer
      C Enterprise Resource Planning (ERP) Correct Answer Incorrect Answer
      D Supply Chain Management (SCM) Correct Answer Incorrect Answer
      E Business Intelligence (BI) Tool Correct Answer Incorrect Answer

      Solution

      An ERP system (like SAP, Oracle) integrates all business processes. Its modules for Materials Management and Finance work together to automate the entire procure-to-pay cycle: purchase requisition -> purchase order -> goods receipt -> invoice verification -> payment to vendor. While SCM (D) software manages the broader supply chain, ERP provides the core transactional and financial integration for the P2P process within the organization. CRM (B) manages customer interactions, HRMS (A) manages employees, and BI (E) is for data analysis.

      Practice Next
      More Accounts Questions
      ask-question