CAF-3 · Chapter 8 · Question 14 of 15
In the financial services sector, ERP systems are frequently integrated with specialized platforms to support automation, regulatory compliance, and real-time transaction processing. These specialized platforms are known as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Core Banking Systems
Explanation
In banking and finance, ERPs are heavily integrated with Core Banking Systems to provide a unified platform that supports automation, real-time reporting, and regulatory adherence
More The ERP Implementation Cycle MCQs
- Q1What is the primary purpose of an Enterprise Resource Planning (ERP) system within an organization?
- Q2A company needs to generate accurate financial statements, track money owed by customers, and manage its budgeting. Which ERP module…
- Q3A manufacturing firm wants to monitor its stock levels, manage the purchasing of raw materials, and track vendor performance. Which ERP…
- Q4The warehouse manager uses the ERP system to analyze historical data and trends to estimate how much stock will be needed for the upcoming…
- Q5During an ERP implementation, the IT team transfers years of historical customer records and transaction data from their old, legacy…
