What are the advantages and disadvantages of ERP package?

Advantages:

Complete visibility into all important process of an organization. ERP integrates the important function of an organization.

Automatic & coherent workflow from one department or function to another.

A unified and single reporting system to analyze the statics in real time across all departments/ functions.

Disadvantage:

The cost of ERP software, planning, customization, configuration, testing and implementation etc. is too high.

ERP deployments are highly time-consuming. its might takes the longer time to get functional and fully operational.

There may be an additional indirect cost due to implementation such as new IT infrastructure.

Thru ERP package the processing of accounting become systematized and quite fast,but beacausen it is sytem generation it will need thorough and keen inputing of data.