Select the options from the list that explain how the three systems (enterprise system, supply chain system, and customer relationship management system) affected these financial results.

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Skunk

Business

9 August, 06:19

Select the options from the list that explain how the three systems (enterprise system, supply chain system, and customer relationship management system) affected these financial results.

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Braydon Briggs · Answer 1

The business system affects the financial statements because based on it the actions to be taken by the company are taken, Therefore, we can see what are the cash decisions, the cash flow management decisions, between other situations decided by the business system.

Regarding the supply chain, the financial statements are affected because everything corresponding to the cost of sales and administrative expenses is placed in the statement of income. The reason why a company controls the supply chain is to save costs and be more cost-efficient, therefore, if they comply with these principles, the income statement must be more efficient and affect the net profit of the company.

Customer relationships directly affect what corresponds to sales revenue, because if a company has good relationships with its customers and handling the amount of products that are sold to its customers, through good relationships they can generate more and more revenue and also these relationships allow if the company sells credit accounts receivable are more efficient to convert them into cash.