The research of purchase and payment flow for ERP enterprises

Enterprise Resource Planning (ERP) is a process attempting to consolidate all the department and function units in an enterprise into a single computer system, which is thereafter able to serve specific needs for each unit. On the basis of ERP implementation, the traditional operation flow of the enterprise needs to be reorganized and improved to adapt to the new system. In this study, we established a novel purchase and payment flow fitting the ERP environment. In addition, we evaluated the potential risks in this flow and proposed the corresponding internal control measures.