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Maximizing Return on Investment Using ERP Applications (Wiley Corporate F&A), by Arthur J. Worster, Thomas R. Weirich, Frank J. C. Andera
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Step-by-step guidance to achieving maximum return on investment for your company
Written by Arthur Worster, Thomas Weirich, and Frank Andera, industry experts at the forefront of the business processes arena, Maximizing Return on Investment Using ERP Applications provides accountants, IT executives, and finance professionals with a new way of looking at enterprise resource planning (ERP)-driven business improvement programs. This timely book explores how leadership can view its organization as an integrated enterprise and what this change in perception might suggest. It considers various aspects of running a business and how a different approach may present new insight.
- Incorporates all aspects of gaining "Return on Investment" from ERP investments
- Considers change management from all angles, including working with the executive levels on defining return on investment cases, working through political and cultural issues at the executive leadership level
- Includes a companion website featuring exercises, reference materials, and case studies
With the rapid implementation of ERP systems worldwide, business executives often have difficulty in determining the return on investment from such systems. Along with a companion website featuring exercises, reference materials, and case studies, Maximizing Return on Investment Using ERP Applications offers straightforward and hands-on guidance to lead your organization through the change process and ensure that the intended benefits can be achieved.
- Sales Rank: #1855888 in eBooks
- Published on: 2012-08-24
- Released on: 2012-08-24
- Format: Kindle eBook
From the Inside Flap
The business world that today's enterprises operate in has always functioned with integrated processes. It's only over the past fifteen years or so that the full effects of this integration and the techniques needed to manage integrated business processes are being exposed by the introduction of integrated IT applications such as Enterprise Resource Planning (ERP) packages. This isn't a case of something new—it is a case of our knowledge of these relationships finally becoming clear.
Written by Art Worster, Thomas Weirich, and Frank Andera—industry experts at the forefront of the business processes arena—Maximizing Return on Investment Using ERP Applications provides accountants, IT executives, and finance professionals with a new way of looking at ERP-driven business improvement programs. This timely book explores how leadership can view its organization as an integrated enterprise and what this change in perception might suggest. It considers various aspects of running a business and how a different approach may present new insight.
Maximizing Return on Investment Using ERP Applications examines:
- Unachieved Return on Investment as an undefined asset of the business
- Methods to identify, quantify, and organize the Return on Investment potential to pay for ERP programs
- The relationship between business process management disciplines and the best business practices recommended in ERP applications
- The roles that culture, politics, and organizational structure play in enabling or preventing changes to achieve Return on Investment
- How collective workforce knowledge can lead to more effective use of ERP applications
Featuring a companion website consisting of exercises, reference materials, and case studies, this visionary book addresses what the future may hold for companies that are successful in getting their houses organized in order to take full advantage of all of the ERP capability that is available today and in the time to come.
From the Back Cover
Step-by-step guidance to achieving maximum return on investment for your company
"This book emphasizes that the design, implementation, and management of ERP systems must be based on customer value creation and a business process view. It is a useful source of fresh thinking for both students and business professionals."
—Andrew Spanyi, author of Business Process Management Is a Team Sport: Play It to Win!, More for Less: The Power of Process Management, and Operational Leadership
"Before you go on a spending spree, I highly recommend you read and contemplate Mr. Worster's challenge for fellow executives to remain exceptional stewards of investor capital. Mr. Worster outlines a practical, experience-based approach that should be referenced often. The premise that we demand a business return for our business investment seems elementary. However, years of experience as personally shared by Mr. Worster and many in the industry prove that reality remains much different."
—Shad Adair, CEO, SpinifexIT, North America
"Art Worster has coupled his life experiences with sound research to explain the necessary interaction among business leaders, process owners, and work streams for achieving ROI using ERP. This should become a must-read for anyone involved in implementing technology for an enterprise or for students in business or MIS programs who aspire to contribute to the success of ERP."
—Suresh Ketha, founder of GEMS Inc. (now part of HP) and RISE Corp., a cloud technology business applications think tank
"I found this book to be very readable and informative . . . a real primer on the importance and evolution of ERP and the critical role of leadership in successfully implementing and driving ERP as a 'business' versus 'IT' process—and one that should be/could be measured the same as any investment."
—Bernhard Welle, former EVP, Shared Services, Dial, Inc.
"Maximizing Return on Investment Using ERP Applications is a valuable tool for business leaders and consultants. It provides business leadership teams a road map for understanding how the use of integrated business applications presents challenges to functional organizations and for evaluating the potential impacts. This book is a must-read for business leaders and consultants alike when designing and managing ERP applications."
—Eric Clark, Vice President, Application Innovation Services & Global Delivery, Hewlett Packard
About the Author
ARTHUR J. WORSTER is President of Worster Associates, LLC. As a business executive and later a global consulting leader, he developed and utilized methodologies to implement IT-supported change in Fortune 500 companies. He has also served as program consultant to a number of companies and executives.
THOMAS R. WEIRICH, PhD, CPA, is the Jerry and Felicia Campbell Endowed Professor of Accounting at Central Michigan University (CMU) and former chair of its School of Accounting. He has public accounting experience with both international and domestic firms and has served in the Office of Chief Accountant at the U.S. Securities & Exchange Commission.
FRANK ANDERA, EDD, is professor and past chairman of the Department of Business Information Systems at Central Michigan University. He is the Director of the SAP University Alliances program at CMU and an active member and participant in SAP University Alliances international and statewide programs.
Most helpful customer reviews
3 of 3 people found the following review helpful.
The benefit of effective leadership
By Al Decker
I found this book very useful in understanding how to gain the greatest benefit from and ERP systems. But more than just ERP, the examples and lessons offered provide the reader with great insight on how good management may improve any change to the business process. The authors could easily added “through effective leadership” to the title. The concepts and guidance provided in this book can be applied to any set of business initiatives in any industry. My major take away from this book was the significant benefits that can be realized by clearly and thoroughly understanding the business process being addressed, establishing an appropriate level of management oversight and commitment to an initiative, maintaining a view of the value, and the providing required training. While these seem like common sense steps, the book explains why they are often missed and how to overcome the shortcomings.
3 of 3 people found the following review helpful.
Maximizing ROI using ERP Applications
By Mike
Great book for executives, I.T. leadership and functional users. Provides great insight as to where ERP systems need to go in the future to allow companies to become/remain competitive.
2 of 2 people found the following review helpful.
Unlocking business value through ERP
By Harry Webb
A great guide on how to look at ERP differently: as a way to unlock business value, rather than simply as an integration tool. This central, and increasingly relevant message is clearly illustrated through practical advice and personal war-stories. It is full of insights such as seeing unachieved ROI as a corporate asset!
It is well laid out, easy to read, and provides a coherent guide to unlocking business value through careful examination of the real drivers and expectations behind ERP, and how this process should be guided by effective leadership and governance.
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