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A Successful ERP Needs a Strong COA! / Drink a Ton of Coffee / Smart Food Labels / ERP in the Cloud / Ingesting Microplastics / Vegetables from Coal / Profiting from Traceability __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ A Successful ERP Needs a Strong COA! “Where’s my report on Gross Margin by Brand and trends over the past year!” asked the CEO. The financial analyst replied, “Well, we don’t have a code to track Sales and COGS to calculate Gross Margin by Brand”. What’s missing in this

A Successful ERP Needs a Strong COA!

A Successful ERP Needs a Strong COA! “Where’s my report on Gross Margin by Brand and trends over the past year!” asked the CEO. The financial analyst replied, “Well, we don’t have a code to track Sales and COGS to calculate Gross Margin by Brand”. What’s missing in this age of information? Tracking information at the basic level allows for smart queries and relevant information about the business. The Chart of Accounts (COA) is the key to business reporting and insights and yet is often the most overlooked element when embarking on a new Enterprise Resource Planning (ERP) system. Most companies use the COA they inherited and then struggle with the process of defining their new Chart of Accou

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