{"id":999978888,"date":"2025-10-07T15:13:03","date_gmt":"2025-10-07T08:13:03","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999978888"},"modified":"2026-09-18T09:33:58","modified_gmt":"2026-09-18T02:33:58","slug":"erp-financial-solutions","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/","title":{"rendered":"What is Financial Management with ERP? Modules and Implementation Methods"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Managing finances with ERP helps businesses centralize accounting data, budgets, accounts receivable, cash flow, and reports on a unified system instead of processing them separately across multiple software programs. <\/span><b>ERP financial solutions<\/b><span style=\"font-weight: 400;\"> ERP not only supports business transaction recording but also connects financial data with purchasing, sales, inventory, human resources, and operational activities, thereby helping businesses control costs and make faster decisions. This article will explain what financial management with ERP is, common financial modules, benefits, implementation models, and points businesses need to consider when choosing and implementing ERP.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Quan_tri_tai_chinh_ERP_la_gi\"><\/span><b>What is ERP financial management?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">ERP financial management involves using the financial functions within an ERP system to record transactions, manage accounts receivable and payable, cash flow, assets, budgets, control operations, and aggregate data for financial and management reporting. Unlike accounting software that focuses solely on accounting data, ERP Finance can connect data from purchasing, sales, inventory, assets, banking, and other operational activities. This allows an operational transaction to simultaneously generate both financial and accounting entries within the same data architecture. The actual scope depends on the ERP system, modules, license, and how the business configures the system.<\/span><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Quan_tri_tai_chinh_ERP_la_gi\" >What is ERP financial management?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#ERP_Finance_khac_phan_mem_ke_toan_doc_lap_o_dau\" >How does ERP Finance differ from standalone accounting software?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Phan_he_tai_chinh_ERP_gom_nhung_chuc_nang_nao\" >What functions does the ERP financial module include?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#General_Ledger_va_Financial_Close\" >General Ledger and Financial Close<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Accounts_Payable_%E2%80%94_Quan_ly_khoan_phai_tra\" >Accounts Payable \u2014 Manage your accounts payable<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Accounts_Receivable_%E2%80%94_Quan_ly_khoan_phai_thu\" >Accounts Receivable<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Cash_Bank_Management\" >Cash &amp; Bank Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Fixed_Assets\" >Fixed Assets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Cost_Center_Financial_Dimension_va_Management_Accounting\" >Cost Center, Financial Dimension and Management Accounting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Budget_Planning_va_Forecast\" >Budget, Planning, and Forecast<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Financial_Reporting_va_Management_Reporting\" >Financial Reporting and Management Reporting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Phan_quyen_phe_duyet_va_Audit_Trail\" >Authorization, Approval, and Audit Trail<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Du_lieu_tai_chinh_lien_ket_voi_cac_phan_he_ERP_khac_nhu_the_nao\" >How does financial data integrate with other ERP modules?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Tu_mua_hang_den_thanh_toan_%E2%80%94_Procure-to-Pay\" >From purchase to payment \u2014 Procure-to-Pay<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Tu_ban_hang_den_thu_tien_%E2%80%94_Order-to-Cash\" >From sales to cash collection \u2014 Order-to-Cash<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Tu_giao_dich_den_bao_cao_%E2%80%94_Record-to-Report\" >From transactions to reports \u2014 Record-to-Report<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#ERP_Finance_giup_doanh_nghiep_kiem_soat_tai_chinh_bang_nhung_co_che_nao\" >How does ERP Finance help businesses control their finances?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Muc_do_tu_dong_hoa_cua_ERP_Finance_phu_thuoc_vao_nhung_yeu_to_nao\" >What factors determine the level of automation in ERP Finance?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#ERP_vendorproduct\" >ERP vendor\/product<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Module\" >Module<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#License\" >License<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Configuration\" >Configuration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Master_data\" >Master data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Integration\" >Joint<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Localization\" >Localization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Exception_complexity\" >Exception mechanism<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Process_quality\" >Process quality<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#ERP_Finance_phan_mem_ke_toan_va_giai_phap_tai_chinh_chuyen_biet_khac_nhau_the_nao\" >How do ERP finance, accounting software, and other specialized financial solutions differ?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Khi_co_capability_gap_doanh_nghiep_nen_dung_ERP_native_cau_hinh_customize_hay_tich_hop\" >When there is a capability gap, should businesses use a native ERP, configure it, customize it, or integrate it?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Stage_1_%E2%80%94_ERP_Native\" >Stage 1 \u2014 ERP Native<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Stage_2_%E2%80%94_Configure_ERP\" >Stage 2 \u2014 Configure ERP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Stage_3_%E2%80%94_Extend_Customize\" >Stage 3 \u2014 Extend \/ Customize<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Stage_4_%E2%80%94_Integrate_Specialist_Solution\" >Stage 4 \u2014 Integrate Specialist Solution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Stage_5_%E2%80%94_Fix_Process_First\" >Stage 5 \u2014 Fix Process First<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Decision_Matrix\" >Decision Matrix<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Checklist_trien_khai_quan_tri_tai_chinh_ERP\" >ERP Financial Management Implementation Checklist<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-37\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Buoc_1_%E2%80%94_Xac_dinh_muc_tieu_va_KPI\" >Step 1 \u2014 Define goals and KPIs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-38\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Buoc_2_%E2%80%94_Mapping_quy_trinh_tai_chinh\" >Step 2 \u2014 Mapping the financial process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-39\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Buoc_3_%E2%80%94_Chuan_hoa_Master_Data\" >Step 3 \u2014 Normalize Master Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-40\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Buoc_4_%E2%80%94_Thiet_ke_Control_va_phan_quyen\" >Step 4 \u2014 Design Controls and Assign Permissions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-41\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Buoc_5_%E2%80%94_Mapping_Integration\" >Step 5 \u2014 Mapping Integration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-42\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Buoc_6_%E2%80%94_Test_Happy_Path_va_Exception\" >Step 6 \u2014 Test Happy Path and Exception<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-43\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Buoc_7_%E2%80%94_Go-live_va_do_KPI\" >Step 7 \u2014 Go live and measure KPIs<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-44\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Do_hieu_qua_quan_tri_tai_chinh_ERP_bang_KPI_nao\" >What KPIs are used to measure the effectiveness of ERP financial management?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-45\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Bizzi_tich_hop_ERP_de_tu_dong_hoa_mot_so_workflow_tai_chinh_nhu_the_nao\" >How does Bizzi integrate ERP to automate certain financial workflows?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-46\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Vi_du_Invoice_Processing_va_3-Way_Matching\" >Examples: Invoice Processing and 3-Way Matching<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-47\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Vi_du_AR_Cash_Reconciliation\" >Example: AR \/ Cash Reconciliation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-48\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Vi_du_Expense_Workflow\" >Example: Expense Workflow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-49\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#ERP_va_Bizzi_co_the_cung_ton_tai\" >ERP and Bizzi can coexist.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-50\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Cau_hoi_thuong_gap_ve_quan_tri_tai_chinh_ERP\" >Frequently Asked Questions about ERP Financial Management<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-51\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Quan_tri_tai_chinh_ERP_co_giong_phan_mem_ke_toan_khong\" >Is ERP financial management the same as accounting software?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-52\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Phan_he_tai_chinh_ERP_thuong_gom_nhung_gi\" >What does the financial module of an ERP system typically include?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-53\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#ERP_co_the_tu_dong_doi_chieu_hoa_don_khong\" >Can ERP systems automatically reconcile invoices?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-54\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Doanh_nghiep_nho_co_nhat_thiet_can_ERP_Finance_khong\" >Do small businesses necessarily need ERP Finance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-55\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Khi_nao_nen_tich_hop_them_giai_phap_chuyen_biet_voi_ERP\" >When should you integrate additional specialized solutions with your ERP system?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-56\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Bizzi_co_thay_the_ERP_khong\" >Can Bizzi replace ERP?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-57\" href=\"https:\/\/bizzi.vn\/en\/erp-financial-solutions\/#Ket_luan\" >Conclude<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><span style=\"font-weight: 400;\">To better understand this platform, you can read more about what ERP is before delving into the financial management section.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"ERP_Finance_khac_phan_mem_ke_toan_doc_lap_o_dau\"><\/span><b>How does ERP Finance differ from standalone accounting software?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The difference doesn&#039;t lie in whether or not ERP Finance includes accounting functionality. Both can support accounting transaction recording, but ERP Finance places financial data within a broader management system where data from purchasing, sales, inventory, assets, and operational processes can be directly linked to financial data.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Criteria<\/b><\/td>\n<td><b>ERP Finance<\/b><\/td>\n<td><b>Independent accounting software<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Focus<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Financial management in an integrated management system.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Focus on accounting<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Management<\/b><\/td>\n<td><span style=\"font-weight: 400;\">It is possible to link native with procurement.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Integration is often required.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Sales<\/b><\/td>\n<td><span style=\"font-weight: 400;\">It can be directly linked to AR.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Data can be received via integration.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Inventory<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Inventory transactions can have a financial impact.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Depending on the integration method<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>man<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Have<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Have<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Sunday<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Module dependency<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Product dependence<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Controls<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Workflow, role, audit depends on ERP<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Product dependence<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Data model<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Linking multiple departments<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Usually leans towards accounting<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Extend<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Modules, configuration, extensions, integration<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Integration or add-on<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Therefore, it should not be set as the default. <\/span><b>ERP is always better than accounting software.<\/b><span style=\"font-weight: 400;\">. The appropriate choice depends on the scale of transactions, the level of inter-departmental connectivity, control requirements, and the scalability that the business actually needs.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Phan_he_tai_chinh_ERP_gom_nhung_chuc_nang_nao\"><\/span><b>What functions does the ERP financial module include?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">ERP Finance systems are typically composed of multiple interconnected functional groups rather than a single integrated accounting module. The names and scope of each module may vary between vendors, but a common Finance architecture might include:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Functional group<\/b><\/td>\n<td><b>Role<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>General Ledger (GL)<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Recording and compiling financial data<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Accounts Payable (AP)<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Managing accounts payable to suppliers<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Accounts Receivable (AR)<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Managing accounts receivable<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Cash &amp; Bank<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Cash management, banking, and reconciliation.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Fixed Assets<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Asset management and depreciation<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Cost\/Financial Dimensions<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Cost analysis by management objects<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Budget &amp; Planning<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Budgeting, forecasting, and gap analysis<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Reporting<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Financial statements and management reports<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Controls<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Delegation of authority, approval, and audit trail<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">The actual scope depends on the specific ERP, module, and business configuration. Major ERP platforms today also integrate many capabilities within this group; for example, Oracle Financials provides functionalities related to General Ledger, Payables, Receivables, Payments, Cash Management, and Assets.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"General_Ledger_va_Financial_Close\"><\/span><b>General Ledger and Financial Close<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">General Ledger (GL) is a layer that aggregates financial entries from other subsystems and data sources within the system.<\/span><\/p>\n<p><b>Input data<\/b><span style=\"font-weight: 400;\"> This may include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts Payable;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts Receivable;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash &amp; Bank;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fixed Assets;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Inventory;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payroll or other system if integrated;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manual adjusting entries.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The core functions typically include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create and register journals;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">posting;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitor account balances;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">managing the accounting period;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">adjust;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">compare;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lock and close the term.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The output of the General Ledger can be used for trial balance generation, financial reporting, and management reporting. In modern ERP systems, data from the subledger can be fed into the General Ledger for aggregation and reconciliation; Oracle also maintains a mechanism to separate subledgers and general ledgers in its Financials architecture.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To delve deeper into the process from recording to reporting, you can refer to the Record-to-Report (R2R) process.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Accounts_Payable_%E2%80%94_Quan_ly_khoan_phai_tra\"><\/span><b>Accounts Payable \u2014 Manage your accounts payable<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Accounts Payable (AP) manages a business&#039;s financial obligations to suppliers, from the inception of the purchase transaction to the completion of payment.<\/span><\/p>\n<p><b>Input data<\/b><span style=\"font-weight: 400;\"> It usually includes:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supplier information;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Purchase Order (PO);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Goods Receipt (GR) or delivery information;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supplier invoice.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The functions may include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enter or receive invoices;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check the invoice;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">compare;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitor outstanding debts;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manage payment terms;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create and process payments.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">ERP systems can also implement control mechanisms such as workflow approval, tolerance, duplicate invoice checking, mismatch detection, and payment authorization control.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, ERP should not be described as a system that merely records invoices after manual accounting entry. Some modern ERPs already support invoice matching and AP automation at a deeper level. For example, Dynamics 365 Finance supports matching between invoices, purchase orders, and product receipts, including three-way matching.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Accounts_Receivable_%E2%80%94_Quan_ly_khoan_phai_thu\"><\/span><b>Accounts Receivable<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Accounts Receivable (AR) manages customer accounts receivable and the collection process.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Input data may include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">customer master;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sales invoice;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">payment terms;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Customer payment.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Common functions:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Record the sales invoice;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitor accounts receivable balances;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">debt aging analysis;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Track collection;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">settlement of accounts receivable;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Credit management or debt collection, depending on the ERP system.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The basic data flow can be visualized as follows:<\/span><\/p>\n<p><b>Sales \u2192 AR \u2192 Cash \u2192 GL<\/b><\/p>\n<p><span style=\"font-weight: 400;\">When these steps are linked within the same system, Finance can track the relationship between revenue, accounts payable, cash flow, and accounting data instead of processing each data source separately.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cash_Bank_Management\"><\/span><b>Cash &amp; Bank Management<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The Cash &amp; Bank module doesn&#039;t just manage cash balances. Depending on the ERP system, this functional group may include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">cash position;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">bank account;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Description;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">bank statement;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash forecasting;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bank reconciliation;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">settlement.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Some systems also support automated rules for bank reconciliation or cash transaction allocation. For example, Oracle Financials describes Cash Management as combining data from GL, payables, and receivables to support cash flow management, bank reconciliation, and cash forecasting.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Fixed_Assets\"><\/span><b>Fixed Assets<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The Fixed Assets module manages the asset lifecycle from creation to disposal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Typical operations include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create an asset master;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Record the purchase of the property;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">capitalization;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">calculate depreciation;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">transfer;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">liquidation;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create the relevant accounting entries.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Therefore, Fixed Assets should not be viewed as a separate silo. The data flow can be linked:<\/span><\/p>\n<p><b>AP \/ Purchasing \u2192 Fixed Asset \u2192 GL<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This helps to ensure that data on asset purchases, recognition value, depreciation, and ledger entries are consistently linked.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cost_Center_Financial_Dimension_va_Management_Accounting\"><\/span><b>Cost Center, Financial Dimension and Management Accounting<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">ERP Finance doesn&#039;t just answer the question &quot;Which accounts are debited, and which accounts are credited?&quot;. With a system that has corresponding financial dimensions or management models, businesses can analyze data from multiple perspectives, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">department;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">cost center;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">project;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">business unit;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">school;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">profit center;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">location.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The names and organization of different data dimensions vary depending on the ERP system. The main goal is to add a layer of management analytics to accounting data, helping businesses understand... <\/span><b>Where do the costs or revenues originate, to which entity do they belong, and what activity do they support?<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Budget_Planning_va_Forecast\"><\/span><b>Budget, Planning, and Forecast<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">ERP Finance can support the management chain:<\/span><\/p>\n<p><b>Plan \u2192 Budget \u2192 Actual \u2192 Variance \u2192 Forecast \u2192 Management Decision<\/b><\/p>\n<p><span style=\"font-weight: 400;\">In there:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Plan:<\/b><span style=\"font-weight: 400;\"> Define your financial goals;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Budget:<\/b><span style=\"font-weight: 400;\"> budget allocation;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Actual:<\/b><span style=\"font-weight: 400;\"> Record the actual data;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Variance:<\/b><span style=\"font-weight: 400;\"> Analyze the discrepancies between the plan and the actual results;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Forecast:<\/b><span style=\"font-weight: 400;\"> The forecast has been updated based on new data.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">ERP Finance should not be understood as solely serving the purpose of recording historical data. Some ERP systems have dedicated modules or capabilities for budgeting and forecasting, helping to connect actual data with planning activities.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Financial_Reporting_va_Management_Reporting\"><\/span><b>Financial Reporting and Management Reporting<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">These two sets of reports are related but not identical.<\/span><\/p>\n<p><b>Financial reporting<\/b><span style=\"font-weight: 400;\"> Focus on financial and accounting data, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">balance sheet;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">business performance report;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Perspectives on cash flow;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Account balance and transactions.<\/span><\/li>\n<\/ul>\n<p><b>Management reporting<\/b><span style=\"font-weight: 400;\"> Addressing analytical and operational needs, which may include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">cost analysis;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">variance;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue by unit;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">efficiency according to cost center;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">administration dashboard.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It shouldn&#039;t be assumed that all ERP systems provide real-time reporting or the same level of analytics. This capability depends on the product, module, data, and implementation. Oracle Financials currently offers predefined analytics tools, dashboards, and reports for many financial modules.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Phan_quyen_phe_duyet_va_Audit_Trail\"><\/span><b>Authorization, Approval, and Audit Trail<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">ERP Finance is also a layer <\/span><b>financial control<\/b><span style=\"font-weight: 400;\">, It&#039;s not just a place to store data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Businesses need to clearly define:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who initiated the transaction?;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who will check?;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who approved it?;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who recorded\/posted it?;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who made the payment?;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who is allowed to change the master data?;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who has the right to pay the installment?.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Commonly used mechanisms include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Segregation of duties;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Role-based permission;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advancement workflow;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">audit trail;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">exception escalation.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The goal is to create the ability to trace and separate responsibility throughout the transaction lifecycle.<\/span><\/p>\n<figure id=\"attachment_999982322\" aria-describedby=\"caption-attachment-999982322\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999982322 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/giai-phap-tai-chinh-erp-1.webp\" alt=\"What functions does the ERP financial module include?\" width=\"1000\" height=\"667\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/giai-phap-tai-chinh-erp-1.webp 1000w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/giai-phap-tai-chinh-erp-1-300x200.webp 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/giai-phap-tai-chinh-erp-1-768x512.webp 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/giai-phap-tai-chinh-erp-1-18x12.webp 18w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-999982322\" class=\"wp-caption-text\">Major ERP platforms today also integrate many capabilities within this group; for example, Oracle Financials provides functionalities related to General Ledger, Payables, Receivables, Payments, Cash Management, and Assets.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Du_lieu_tai_chinh_lien_ket_voi_cac_phan_he_ERP_khac_nhu_the_nao\"><\/span><b>How does financial data integrate with other ERP modules?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The value of ERP Finance lies not only in its list of features but also in... <\/span><b>data flow<\/b><span style=\"font-weight: 400;\">. Finance doesn&#039;t generate all financial data itself; much of the underlying data is generated from procurement, sales, warehousing, and operations, which then create the financial impact within the system.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tu_mua_hang_den_thanh_toan_%E2%80%94_Procure-to-Pay\"><\/span><b>From purchase to payment \u2014 Procure-to-Pay<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A P2P flow can be modeled as follows:<\/span><\/p>\n<p><b>Purchase Requisition \u2192 Purchase Order \u2192 Goods Receipt \u2192 Supplier Invoice \u2192 Validation\/Matching \u2192 Approval \u2192 Payment Proposal\/Payment \u2192 Accounts Payable \u2192 General Ledger \u2192 Reporting<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The key point is that Finance is dependent on operational data upfront.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if the purchase order (PO) has an incorrect quantity or price, or the gross receipt (GR) doesn&#039;t accurately reflect the goods received, mismatches may occur in the procurement and receiving data. Therefore, financial control depends not only on the accounting step of recording invoices but also on the quality of procurement and receiving data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">ERP systems can handle many steps within the system itself. It&#039;s not advisable to define purchase orders (PO), general manager (GR), or approvals as default processes that always operate outside of the ERP system.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Modern ERP systems can also automate matching. Dynamics 365 Finance, for example, supports two-way and three-way matching policies between invoices, purchase orders, and product receipts.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tu_ban_hang_den_thu_tien_%E2%80%94_Order-to-Cash\"><\/span><b>From sales to cash collection \u2014 Order-to-Cash<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The O2C flow can be modeled as follows:<\/span><\/p>\n<p><b>Sales Order \u2192 Delivery \u2192 Customer Invoice \u2192 Accounts Receivable \u2192 Collection \u2192 Customer Payment \u2192 Bank\/Cash \u2192 Reconciliation \u2192 General Ledger \u2192 Reporting<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The relationships between the classes can be visualized as follows:<\/span><\/p>\n<p><b>Sales \u2194 AR \u2194 Cash \u2194 Accounting<\/b><\/p>\n<p><span style=\"font-weight: 400;\">When data is linked, Finance can track everything from sales transactions to accounts receivable and ultimately cash inflows.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tu_giao_dich_den_bao_cao_%E2%80%94_Record-to-Report\"><\/span><b>From transactions to reports \u2014 Record-to-Report<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">At the aggregation layer, the data can go in the following direction:<\/span><\/p>\n<p><b>AP + AR + Cash + Asset + Inventory + Other Entries \u2192 GL \u2192 Reconciliation \u2192 Adjustment \u2192 Close \u2192 Financial &amp; Management Reporting<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This is why the Record-to-Report (R2R) process plays a crucial role in connecting transactions occurring across multiple modules with the end-of-period report.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ERP_Finance_giup_doanh_nghiep_kiem_soat_tai_chinh_bang_nhung_co_che_nao\"><\/span><b>How does ERP Finance help businesses control their finances?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">ERP Finance shouldn&#039;t be evaluated based on a list of generic &quot;benefits.&quot; More importantly, consider... <\/span><b>What control mechanisms are being implemented by the system and where is the data being controlled?<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Capability<\/b><\/td>\n<td><b>Mechanism<\/b><\/td>\n<td><b>Management values<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Integrated face<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Share operational data<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Reduce re-entry and mismatch.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Workflow<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Transactions follow the configured rules.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Standardize the process<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Automation<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Handle some tasks yourself.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Reduce manual workload.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Approval<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Approval by role\/rule<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Accountability control<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Reconciliation<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Comparing multiple data sources<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Increase accuracy<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Ocean<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Record transaction traces<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Increase traceability<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Budget<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Compare the plan with the actual<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cost Control<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Reporting<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Data synthesis<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Increase visibility<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">However, ERP systems only provide control when processes, data, and configurations are properly designed. A misconfigured workflow or inaccurate master data can still produce incorrect results even if the system is fully functional.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Muc_do_tu_dong_hoa_cua_ERP_Finance_phu_thuoc_vao_nhung_yeu_to_nao\"><\/span><b>What factors determine the level of automation in ERP Finance?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There is no single level of automation for all ERP systems. Actual capability depends on the ERP product, the business modules used, the license, the configuration, the data quality, business rules, and the integrated systems.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"ERP_vendorproduct\"><\/span><b>ERP vendor\/product<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">SAP, Oracle, Microsoft Dynamics, Odoo, and other platforms have different architectures and capabilities. Therefore, the features of one ERP system cannot be used to generalize about the entire market.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Module\"><\/span><b>Module<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Having an ERP system doesn&#039;t mean a business has implemented its full Finance capability. A business might only be using certain modules like GL, AP, or AR.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"License\"><\/span><b>License<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A capability may exist within the product but not yet be included in the license the business is using.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Configuration\"><\/span><b>Configuration<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Workflows, approvals, tolerances, posting rules, or business rules that are not properly configured can render available capabilities ineffective.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Master_data\"><\/span><b>Master data<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If vendor, customer, item, account, or other background data is inaccurate, automation can make the process run faster but will not make the data more accurate.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Integration\"><\/span><b>Joint<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Some data may remain outside the ERP system. In that case, the ability to automate depends on the quality of the connection between the systems.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Localization\"><\/span><b>Localization<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Local tax, accounting, and regulatory requirements may necessitate a localization module or additional solution tailored to the market in which the business operates.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Exception_complexity\"><\/span><b>Exception mechanism<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Happy Path can be automated effectively, but exceptions may still require human intervention. For example:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The invoice does not include a purchase order (PO).;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The invoice does not match the GR (Gross Value).;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Incorrect price;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Duplicate invoices;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Master data is incorrect;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The approval was denied;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Integration failed;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payment not yet verified;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The transaction falls within a closed accounting period.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Modern ERP systems also design tolerances and workflows to handle discrepancies instead of assuming every invoice matches perfectly.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Process_quality\"><\/span><b>Process quality<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Software cannot automatically fix a poorly designed process. If approvals overlap, the owner is unclear, or exceptions lack rules, adding automation may only lead to the digitization of a flawed process.<\/span><\/p>\n<p><b>Therefore, the question should not be &quot;Can ERP do it?&quot;, but rather: What capabilities does the specific ERP system being implemented have, how well has it been configured, and what actual gaps remain?<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ERP_Finance_phan_mem_ke_toan_va_giai_phap_tai_chinh_chuyen_biet_khac_nhau_the_nao\"><\/span><b>How do ERP finance, accounting software, and other specialized financial solutions differ?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">These three groups of solutions may coexist in financial architecture, but they are not necessarily interchangeable.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Criteria<\/b><\/td>\n<td><b>ERP Finance<\/b><\/td>\n<td><b>Accounting Software<\/b><\/td>\n<td><b>Specialized financial solutions<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Role<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Integrated financial system<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Accounting-centric<\/span><\/td>\n<td><span style=\"font-weight: 400;\">In-depth Workflow<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Scope<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Wide<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Narrower<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Narrow but deep<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Operational data<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Linking multiple modules<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Integration is often required.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Typically receives data from ERP\/other systems.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>GL\/AP\/AR<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Have<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Common<\/span><\/td>\n<td><span style=\"font-weight: 400;\">It doesn&#039;t necessarily have to be a system of records.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Automation<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Depending on ERP\/configuration<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Depending on the product<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Focus on the use case.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Joint<\/b><\/td>\n<td><span style=\"font-weight: 400;\">It is the core architecture.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">A connector may be needed.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">It usually needs to be integrated with ERP\/accounting systems.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Fit<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Cross-functional management<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Accounting needs<\/span><\/td>\n<td><span style=\"font-weight: 400;\">specific workflow gap<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">The question shouldn&#039;t be &quot;which solution is best?&quot;. A more appropriate question would be... <\/span><b>Businesses need a core financial recording system, accounting software, or a layer of automation for a specific workflow.<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><b><i>See more: <\/i><\/b><a href=\"https:\/\/bizzi.vn\/phan-mem-quan-ly-tai-chinh-doanh-nghiep\/\"><b><i>Top 10 best business financial management software 2025<\/i><\/b><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Khi_co_capability_gap_doanh_nghiep_nen_dung_ERP_native_cau_hinh_customize_hay_tich_hop\"><\/span><b>When there is a capability gap, should businesses use a native ERP, configure it, customize it, or integrate it?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When a Finance process isn&#039;t meeting expectations, buying additional software shouldn&#039;t be the first response. Finance and IT need to identify where the gap lies. <\/span><b>capability, configuration, process or integration<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Stage_1_%E2%80%94_ERP_Native\"><\/span><b>Stage 1 \u2014 ERP Native<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Prioritize native capability when:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ERP systems already have the necessary functionality;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The workflow is relatively standardized;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The data is already in the ERP system;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The requirement does not need specialized processing.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For example:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">GL standard;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AP\/AR standard;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">fixed assets;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Standard reporting.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Stage_2_%E2%80%94_Configure_ERP\"><\/span><b>Stage 2 \u2014 Configure ERP<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This should be a preliminary check before purchasing additional software.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The configurations may include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">workflow;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">approval;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">role;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">tolerance;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">account mapping;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">financial codes;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">report;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">payment term;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Posting rule.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A capability exists but has not yet been configured. <\/span><b>That doesn&#039;t mean ERP doesn&#039;t have that capability.<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Stage_3_%E2%80%94_Extend_Customize\"><\/span><b>Stage 3 \u2014 Extend \/ Customize<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Customization can be considered when:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">requirement is in strategic ERP scope;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The standard configuration is insufficient;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company has the IT capabilities to maintain it;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The risks and costs of customization are acceptable.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">However, customization should not be automatically considered a better option than integration.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Stage_4_%E2%80%94_Integrate_Specialist_Solution\"><\/span><b>Stage 4 \u2014 Integrate Specialist Solution<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A specialized solution may be suitable when:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">in-depth workflow;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">large transaction volume;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The data comes from multiple sources;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">high exception complexity;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Source data is outside of ERP;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">specific reconciliation requirements;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invoice processing is complex;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">separate expenses workflow;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AR collection is unique.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You shouldn&#039;t write &quot;ERP can&#039;t do it&quot;. A more accurate way to express it is:<\/span><\/p>\n<p><b>Current capacity does not meet the desired level for the actual workflow.<\/b><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Stage_5_%E2%80%94_Fix_Process_First\"><\/span><b>Stage 5 \u2014 Fix Process First<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Before investing in additional technology, businesses should review their processes if:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The process has an unknown owner.;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Overlapping approvals;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The master data is not clean;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Exception has no rule;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Users have to use workarounds too much.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In this case, purchasing additional software might just be the solution. <\/span><b>Digitizing is not a good process.<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Decision_Matrix\"><\/span><b>Decision Matrix<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<tbody>\n<tr>\n<td><b>Question<\/b><\/td>\n<td><b>If any<\/b><\/td>\n<td><b>Otherwise<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Does the ERP system have the capability?<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Check configuration<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Module\/integration evaluation<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">What is a standard workflow?<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Native speakers preferred.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Review bill<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Is the data stored in the ERP system?<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Native advantage<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Consider integration<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Fewer exceptions?<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Original automation<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Specialized handling<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Does the configuration meet the requirements?<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Configure<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Extension\/integration<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Can IT maintain customization?<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Customizable<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Consider specialist solution<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Checklist_trien_khai_quan_tri_tai_chinh_ERP\"><\/span><strong>ERP Financial Management Implementation Checklist<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_1_%E2%80%94_Xac_dinh_muc_tieu_va_KPI\"><\/span><b>Step 1 \u2014 Define goals and KPIs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The overarching goal shouldn&#039;t be simply &quot;implement ERP for digital transformation.&quot; Goals should be linked to measurable results, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce manual entry;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">shorten the processing cycle;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">reduce reconciliation backlog;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improve the closing process;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce overdue receivables;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increase financial control;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improve reporting.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_2_%E2%80%94_Mapping_quy_trinh_tai_chinh\"><\/span><b>Step 2 \u2014 Mapping the financial process<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Each process should be mapped as follows:<\/span><\/p>\n<p><b>Process Owner \u2192 Input \u2192 Control \u2192 Approval \u2192 Exception \u2192 Output<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Priority processes may include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AP\/P2P;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AR\/O2C;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">R2R;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fixed Assets;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Budget.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_3_%E2%80%94_Chuan_hoa_Master_Data\"><\/span><b>Step 3 \u2014 Normalize Master Data<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Data groups need to be checked, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Chart of Accounts;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">document sizes;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">vendor;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">customer;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">lock;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">bank;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">asset class;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">cost center;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">business unit;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tax code, if applicable.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Master data is the foundation of automation. If the input data is not standardized, workflow automation cannot solve the root problem on its own.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_4_%E2%80%94_Thiet_ke_Control_va_phan_quyen\"><\/span><b>Step 4 \u2014 Design Controls and Assign Permissions<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Clearly define:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who created it?;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who reviewed it?;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AI approve;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who posted this?;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who pays?;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who changed the master data?;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who pays the installment?.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Simultaneously check the principles. <\/span><b>Segregation of Duties<\/b><span style=\"font-weight: 400;\"> To avoid concentrating too much power in one role.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_5_%E2%80%94_Mapping_Integration\"><\/span><b>Step 5 \u2014 Mapping Integration<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Businesses should create a mapping table between the source system and the ERP system:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Source System<\/b><\/td>\n<td><b>Data Object<\/b><\/td>\n<td><b>ERP<\/b><\/td>\n<td><b>frequency<\/b><\/td>\n<td><b>Validation<\/b><\/td>\n<td><b>Exception<\/b><\/td>\n<td><b>Original<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Procurement<\/span><\/td>\n<td><span style=\"font-weight: 400;\">PO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">PO\/AP<\/span><\/td>\n<td><span style=\"font-weight: 400;\">According to the transaction<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Check the data.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">PO error<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Procurement<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Bank statement<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cash\/Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">By period<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Compare<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not a match<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Treasury<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Specialist Solution<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Invoice data<\/span><\/td>\n<td><span style=\"font-weight: 400;\">AP<\/span><\/td>\n<td><span style=\"font-weight: 400;\">According to the transaction<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Validation<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Invoice exception<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Finance<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_6_%E2%80%94_Test_Happy_Path_va_Exception\"><\/span><b>Step 6 \u2014 Test Happy Path and Exception<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Testing for a happy path isn&#039;t enough. You also need to check:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Valid transaction;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Insufficient data;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">duplicate;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">mismatch;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The approval was denied;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Integration failure;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Master data is incorrect;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The transaction belongs to an accounting period that has been closed.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This step is particularly important because the actual effectiveness of finance automation often depends on how the system handles exceptions, not just the number of transactions that run smoothly.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buoc_7_%E2%80%94_Go-live_va_do_KPI\"><\/span><b>Step 7 \u2014 Go live and measure KPIs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Go-live is not the end.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After commissioning, the following steps should be taken:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">monitor;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Review exception;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Collect user feedback;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Refine the process;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check data quality;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitor KPIs.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Do_hieu_qua_quan_tri_tai_chinh_ERP_bang_KPI_nao\"><\/span><span style=\"font-weight: 400;\">What KPIs are used to measure the effectiveness of ERP financial management?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A single benchmark for all businesses should not be implemented without appropriate data sources or comparative context. Instead, businesses can track KPIs by process group:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Drain<\/b><\/td>\n<td><b>Suggested KPIs<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>AP<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Invoice processing cycle time<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Automation<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Automation rate<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Exception<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Exception rate<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Supplier payment<\/b><\/td>\n<td><span style=\"font-weight: 400;\">DPO<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>AR<\/b><\/td>\n<td><span style=\"font-weight: 400;\">DSO<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Cash\/Reconciliation<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Open reconciliation items<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>R2R<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Days to Close<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>man<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Manual journal rate<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Budgeting<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Budget variance<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Joint<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Failed\/suspended transactions<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">These metrics should be monitored before and after implementation to assess changes within the business itself, rather than applying a single threshold of &quot;good KPIs must be below X&quot; to all industries and sizes.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bizzi_tich_hop_ERP_de_tu_dong_hoa_mot_so_workflow_tai_chinh_nhu_the_nao\"><\/span><strong>How does Bizzi integrate ERP to automate certain financial workflows?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Bizzi is not a replacement for ERP.<\/b><span style=\"font-weight: 400;\"> ERP can still serve as the core financial management system and data source; Bizzi can be used as a specialized automation layer in certain workflows and connect data with existing ERP.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to information released by Bizzi, the platform supports three main integration methods:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Open API:<\/b><span style=\"font-weight: 400;\"> Suitable for cloud applications;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Customer-side API:<\/b><span style=\"font-weight: 400;\"> Connecting APIs and data from the client-side system;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>File Integration:<\/b><span style=\"font-weight: 400;\"> Suitable for some on-premise systems or architectures that exchange data via files.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The architecture can be envisioned in the following way:<\/span><\/p>\n<p><b>Operational \/ ERP Data<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> \u2195<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span> <b>Joint<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> \u2195<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span> <b>Bizzi Specialist Automation<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> \u2195<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span> <b>Validated \/ Processed Data<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> \u2195<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span> <b>ERP Finance \/ Accounting \/ Reporting<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The goal is not to replace ERP with Bizzi, but to create a specialized processing layer once the business has identified a specific workflow gap.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Workflow<\/b><\/td>\n<td><b>ERP still plays a role.<\/b><\/td>\n<td><b>Bizzi can provide support.<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>AP \/ Invoice<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Vendor, PO, GR, AP, accounting<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Collect, extract, validate, match<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>AR<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Customer, AR, invoice, accounting<\/span><\/td>\n<td><span style=\"font-weight: 400;\">AR management\/collection\/reconciliation capabilities are confirmed.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Expense<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Finance master, budget, accounting<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Request, approval, expense workflow, documents<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Joint<\/b><\/td>\n<td><span style=\"font-weight: 400;\">System of records<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Data exchange via API\/File<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<figure id=\"attachment_999982324\" aria-describedby=\"caption-attachment-999982324\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999982324 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/giai-phap-tai-chinh-erp-2.webp\" alt=\"How does Bizzi integrate ERP to automate certain financial workflows?\" width=\"1024\" height=\"1024\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/giai-phap-tai-chinh-erp-2.webp 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/giai-phap-tai-chinh-erp-2-300x300.webp 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/giai-phap-tai-chinh-erp-2-150x150.webp 150w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/giai-phap-tai-chinh-erp-2-768x768.webp 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/giai-phap-tai-chinh-erp-2-12x12.webp 12w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/10\/giai-phap-tai-chinh-erp-2-120x120.webp 120w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-999982324\" class=\"wp-caption-text\">Bizzi is an invoice processing and payment control automation platform designed to seamlessly integrate with popular ERP systems (SAP, Oracle, Microsoft, Odoo, Bravo, etc.) via API.<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Vi_du_Invoice_Processing_va_3-Way_Matching\"><\/span><b>Examples: Invoice Processing and 3-Way Matching<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">ERP systems may already include AP and invoice matching. However, businesses may still need a specialized layer if the actual workflow requires it to handle:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The invoices come from multiple sources;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">extraction and standardization;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">validation;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">document matching;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Forced processing;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Connect the results back to the ERP system.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bizzi can be evaluated within this use case group once the business has clearly identified the gap and a suitable integration plan. Further details on automated invoice processing and reconciliation can be found here.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, the coexistence of ERP and a specialized automation solution is not an unusual model. Bizzi currently offers ERP\/SAP integration options and various connection mechanisms.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Vi_du_AR_Cash_Reconciliation\"><\/span><b>Example: AR \/ Cash Reconciliation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If the actual collection or reconciliation process still involves many manual operations, or data comes from multiple sources, businesses may consider using a specialist automation layer instead of completely overhauling the ERP system.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Vi_du_Expense_Workflow\"><\/span><b>Example: Expense Workflow<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In cost workflows, the automation layer can be considered around steps such as:<\/span><\/p>\n<p><b>Request \u2192 Approval \u2192 Budget\/Policy \u2192 Supporting Documents \u2192 Expense Processing<\/b><\/p>\n<p><span style=\"font-weight: 400;\">However, the scope of functionality should be defined according to the actual capability of each solution; a product should not be assumed to have all the functions of an ERP system.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"ERP_va_Bizzi_co_the_cung_ton_tai\"><\/span><b>ERP and Bizzi can coexist.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Several implementation cases published by Bizzi demonstrate that ERP models and specialized automation layers can coexist, for example:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>La Vie:<\/b><span style=\"font-weight: 400;\"> Microsoft AX integrates with the invoice automation\/integration layer;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Guardian:<\/b><span style=\"font-weight: 400;\"> Processing invoices in large volumes;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Imexpharm:<\/b><span style=\"font-weight: 400;\"> SAP ERP in conjunction with Bizzi&#039;s invoicing automation project.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These examples should be understood as evidence of capability. <\/span><b>Combining ERP with specialized solutions<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><b><i>Learn how Bizzi integrates with existing ERP systems at <\/i><\/b><a href=\"https:\/\/bizzi.vn\/tich-hop-erp\/\"><b><i>This<\/i><\/b><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cau_hoi_thuong_gap_ve_quan_tri_tai_chinh_ERP\"><\/span><b>Frequently Asked Questions about ERP Financial Management<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">ERP financial management involves applying financial modules to an enterprise resource planning (ERP) system to automate, synchronize data, and optimize economic decisions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Below are the most frequently asked questions when learning about and implementing this solution.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Quan_tri_tai_chinh_ERP_co_giong_phan_mem_ke_toan_khong\"><\/span><b>Is ERP financial management the same as accounting software?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Not entirely. Accounting is an important part of ERP Finance, but ERP Finance can also link financial data with purchasing, sales, assets, cash, budget, and other operational processes.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Phan_he_tai_chinh_ERP_thuong_gom_nhung_gi\"><\/span><b>What does the financial module of an ERP system typically include?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Common groups include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">GL;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AP;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AR;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">cash\/bank;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">assets;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Budgeting\/planning;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">reporting;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">controls.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The specific scope depends on the ERP system and modules that the business implements.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"ERP_co_the_tu_dong_doi_chieu_hoa_don_khong\"><\/span><b>Can ERP systems automatically reconcile invoices?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes. Some modern ERP systems support invoice matching at various levels, including two-way and three-way matching. For example, Dynamics 365 Finance supports matching invoices with purchase orders and product receipts according to a configured matching policy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, it should not be assumed that all ERP systems have the same capabilities or level of automation.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Doanh_nghiep_nho_co_nhat_thiet_can_ERP_Finance_khong\"><\/span><b>Do small businesses necessarily need ERP Finance?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">No. Businesses should evaluate based on:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">complexity of the operation;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">transaction volume;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The level of interconnectedness between departments;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Request for reporting;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">vehicle control;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">origin;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Scalability.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A rigid threshold based on the number of employees or revenue should not be used to conclude that a business &quot;must&quot; use ERP Finance.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Khi_nao_nen_tich_hop_them_giai_phap_chuyen_biet_voi_ERP\"><\/span><b>When should you integrate additional specialized solutions with your ERP system?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Consider this after the business has clearly defined its objectives:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">actual capability\/workflow gap;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The native ERP or configuration is not suitable;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Integration offers clear advantages over customization or manual workaround.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Bizzi_co_thay_the_ERP_khong\"><\/span><b>Can Bizzi replace ERP?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">No. Bizzi should be described as a specialized financial automation solution class that can integrate with existing ERP systems in appropriate use cases, rather than as an ERP replacement system.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>Conclude<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">ERP financial management is a layer of financial management directly linked to a company&#039;s operational data, and can cover a range of areas. <\/span><b>GL, AP, AR, money and banking to assets, budgeting, controls and reporting<\/b><span style=\"font-weight: 400;\">. The value of ERP Finance therefore lies not only in accounting recording but also in its ability to connect transactions, data, and controls throughout the entire process.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, one should not judge a <\/span><b>ERP financial solutions<\/b><span style=\"font-weight: 400;\"> This is just a list of features. Actual capabilities depend on the ERP system being used, modules and licenses, configuration, quality of master data, internal processes, integration, and how the business handles exceptions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When a capability gap arises, businesses should follow this order: <\/span><b>Check native capability \u2192 review configuration \u2192 consider extensions\/customization \u2192 integrate specialized solutions if needed \u2192 simultaneously fix the process if the cause lies within the process.<\/b><span style=\"font-weight: 400;\">. This approach helps avoid purchasing additional software just to digitize a workflow that wasn&#039;t designed to be suitable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For specialized financial workflows such as invoice processing and reconciliation, businesses may consider an automation layer integrated with their existing ERP system. In this model, <\/span><b>Bizzi complements ERP, rather than replacing it.<\/b><span style=\"font-weight: 400;\">, This helps businesses keep ERP as their core financial management and data system, while automating relevant workflows at the specialized layer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sign up for a free trial now to discover the ultimate cost management solution for your business, designing fast, transparent, and efficient task approval processes.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><i>Register now: <\/i><\/b><a href=\"https:\/\/bizzi.vn\/dang-ky-dung-thu\/\"><b><i>https:\/\/bizzi.vn\/dang-ky-dung-thu\/<\/i><\/b><\/a><\/li>\n<\/ul>\n<\/p>","protected":false},"excerpt":{"rendered":"<p>Qu\u1ea3n tr\u1ecb t\u00e0i ch\u00ednh v\u1edbi ERP gi\u00fap doanh nghi\u1ec7p t\u1eadp trung d\u1eef li\u1ec7u k\u1ebf to\u00e1n, ng\u00e2n s\u00e1ch, c\u00f4ng n\u1ee3, d\u00f2ng ti\u1ec1n v\u00e0 b\u00e1o c\u00e1o tr\u00ean&#8230;<\/p>","protected":false},"author":37,"featured_media":999982323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[369],"tags":[],"class_list":["post-999978888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chuyen-doi-tai-chinh"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999978888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999978888"}],"version-history":[{"count":3,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999978888\/revisions"}],"predecessor-version":[{"id":999982325,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999978888\/revisions\/999982325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999982323"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999978888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999978888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999978888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}