Blue Dog Inc. is a leading manufacturer in the high-end sunglasses industry. Blue Dog Inc. reached record revenue levels of over $250 million last year. The company is currently deciding on the possibility of implementing an ERP system for accounting and financial management. Many of the executives are nervous about making such a large investment in an ERP system due to its low success rates. As a senior manager at Blue Dog Inc. you have been asked to make a short memo about implementation of an ERP system.

Read the following articles and answer questions below.

"8 Benefits of ERP for Accounting and Financial Management" https://www.focussoftnet.com/mena/erp-systems/blogs/8-benefits-of-erp-for-accounting-and-financial-management

"Benefits of ERP - Advantages and Disadvantages of Enterprise Resource Planning" https://www.workwisellc.com/blog/15-benefits-implementing-erp-software/

"8 STEPS TO TAKE FOR A SUCCESSFUL ERP IMPLEMENTATION" https://www.sentrien.com/2020/07/20/8-steps-to-take-for-a-successful-erp-implementation/

1.Explain what Enterprise Resource Planning System is. How can it be used for Blue Dog Inc. accounting and financial management?

2.Identify at least three benefits and three disadvantages associated with implementing an ERP system.

3.Briefly explain which steps Blue Dog Inc. can take to ensure successful implementation of an ERP system.