Business process

A business process is a collection of related, structural activities/requirements that are interconnected and that can be represented in a flowchart comprising of decision points and dependencies.

To find out more about business processes and ERP, do a quick Google search – there is plenty of information out there!

Many organizations follow the industry-specific nomenclature of business processes:

  • Record to report: This domain describes the process of managing financial and ledger information for any organization.
  • Order to cash: This domain describes the process of receiving and processing customer sales and its entire lifecycle until their payment.
  • Procure to pay: This domain describes the process of ordering and processing ...

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