Introduction

One of the most important resources to operate and manage modern-day organizations is information technology (IT). From operations to customer service to security, IT affects every facet of a 21st-century enterprise. Today, IT-enabled technologies that integrate the functions of the business across the enterprise have become the backbone of organizations. These technologies are referred to as enterprise systems.

Large-scale software solutions, enterprise systems track and control all the functions of a business. Enterprise systems automate the functions of a business and improve its ability to make decisions. A software that makes your company more efficient by allowing everyone in your organization to access and modify information pertaining to sales, inventory, accounting, manufacturing, human resources and finance, an enterprise system comes in many different shapes.

Some of the prominent enterprise systems include ETRM, ERP, CRM, Business Intelligence, Modelling and Machine Learning and Accounting and Financial Systems. Following is a brief explanation of each.

ETRM

An integrated system that enables the exchange of data among operations, accounting, trade floor, contract and credit functions, ETRM is built for a complex, multi-asset environment. In addition to trade and risk management, ETRM systems assist compliance, accounting, analytics and strategy. The system also ensures controlled access, market monitoring, and price transparency.

ERP

Probably the most well-known enterprise system along with CRM, an ERP or Enterprise resource planning system integrates and operates every aspect of your business. This includes tracking raw materials, planning and scheduling production, managing and optimizing inventory and even performing customer relationship management. With an ERP system, a business can eliminate inefficiencies, identify waste, facilitate real-time collaboration and improve customer relations.

CRM

An enterprise system that collects, organizes and manages the customer information, a CRM or Customer Relationship Management system can be used to find potential customers, improve the relationship with existing customers, and win back former customers.

Business Intelligence

An enterprise system that helps business managers, corporate executives and operational workers to make better business decisions, business intelligence or BI systems help a company to identify inefficient business processes, spot new business opportunities and cut costs. BI systems create insightful and actionable business information by collecting, integrating, analyzing and presenting the raw data of an organization. Some of the tasks performed by BI systems include data mining, reporting, querying and online analytical process. Common BI systems include OLAP, GIS, MIS, DSS and EIS.

Modelling and Machine Learning

An enterprise system enabled by artificial intelligence, a machine learning system automates analytical model building. An incredibly powerful tool, a machine learning system helps businesses by providing advanced customer analytics, accurate journey time predictions, and effective product suggestions.

Accounting and Financial Systems

An enterprise system that allows organizations to supervise and control their assets, income and expenses, an accounting and financial system can help your business to maximize profits and ensure sustainability.

Conclusion:

Many organizations have invested in great Enterprise Systems, such as Spotfire, Tableau, R, PowerBI, Excel, SAP, Lacima, OpenLink or others to help with making business decisions. However, the data professionals from these organizations are struggling to persist in structured, useful data into these tools, from which actionable insights can be gathered.

ZE can provide you with the right data to feed into these enterprise systems. ZEMA is the reliable solution that fulfils an organization’s varied data-intensive business needs. ZEMA provides a streamlined data collection service to give users access to an unrivalled catalogue of data sources and internal connectivity options. ZEMA also offers clients the ability to perform complex analysis of market data and easily integrates with third-party systems.

Benefits of ZEMA data powering your enterprise systems are:

• Ability to gather precise data from internal and external sources from multiple locations and in various formats.
• Reception of near real-time data on a scheduled basis.
• Comparison of disparate data sources through robust metadata

To find out more, about how ZE can help you find the right data to feed into your enterprise solution, get in touch with us today!