In AR, refund is a transaction in which the company needs to pay back to his customer due to an overpayment or discount given on the payment. Usually in lot of companies the refund process will happen manually. Meaning, the AR teams tell manually to AP team to do the refund payment to the customer. [...]

ERPs are implemented to streamline not just the Business Processes of the organizations but to streamline the way data is captured and utilized. How easily a CEO generates accurate consolidated report on yearly/quarterly sales, not just depends on how the ERP is storing data, but more importantly on how the data from legacies have been [...]