An enterprise information system that supports financial accounts and processes, including accounts payable, accounts receivable, procurement, cash management, budget planning, assets, general ledger, and related activities is called a ________.
A) financial management system
B) supply chain management system
C) human capital management system
D) customer relationship management system

Question

Quizplus · Accepted Answer

A financial management system is specifically designed to support financial accounts and processes such as accounts payable, accounts receivable, procurement, cash management, budget planning, assets, general ledger, and related activities. Supply chain management systems focus on managing the flow of goods and services from the point of origin to the point of consumption. Human capital management systems focus on managing employee-related data and processes such as performance management and payroll. Customer relationship management systems focus on managing customer interactions and relationships.

An Enterprise Information System That Supports Financial Accounts and Processes