The erp as an alternative of efficiency in the financial management of companies

Abstract

Introduction. Technology advances by leaps and bounds through the time, this has been one of the most important factors for companies, because it has allowedthemtoimprovetheirprocesses, decisions in favor of obtaining greater profits and benefits. Many companies have decided to implement an ERP system in order to improve information management through the automation of operational processes and that has givenpositiveresultsovertime.Thus,the companyAcero Comercial Ecuatoriana S.A and Ferro Torre S.A decided to apply this system since they presented problems in the efficiency of financial management in 2016. Objective. The objective of the research was to verify the efficiency in financial management throughtheapplicationofERP.Materials and methods.The research is based on a quantitative approach, based on the financial statements of the companies Acero Comercial Ecuatoriano S.A and Ferro Torre S.A of the years 2016 and 2017. Results The hypothesis is verified: there is efficiency in the financial management of the company Acero Comercial Ecuatoriano S.A and Ferro Torre S.A through the application of ERP. After taking the main accounts of the Income Statement of the company Acero Comercial Ecuatoriana SA and Ferro Torre of the years 2016 and 2017. The financial information of the implementation of the ERP in 2017 was taken into consideration, making a comparison with the previous year. Through the 3 flows (capital, material and information) it was possible to demonstrate the improvement of the efficiency of financial management. Conclusion.–After the percentage comparison it was possible to verify that the ERP system improves the efficiency of the financial management of Acero Comercial Ecuatoriana SA and Ferro Torre SA because positive data were obtained in relation to reduction of inventory adjustments, personnel expenses, return on sales and maintenance and the corresponding improvement in customer service, sales and training.