An overview of the ERP system at Nagad Ltd – an MFS provider

Abstract

This paper has been conducted considering Nagad Ltd.’s ERP system. From inception, the company had to face some challenges on introducing the system. However, they were able to overcome those and are still in continuous thirst for improving their system. This report focuses on the company’s overall HRIS system and its contribution to many aspects. Such as, how their internal information system has helped to develop internal control, how it assisted in management practices and what are the substantial benefits derived from it. Additionally, the report highlights the motivations behind the implementation of such software and what were the faced challenges. The methodology adapted for this report is based on primary data. Nevertheless, one of the key findings of this study is the ERP system has enabled the company to take critical management decisions in a data driven manner as data has been more accessible. Furthermore, the internal control environment has also improved because of proper reconciliation techniques. To conclude, their effort and endeavor regarding development of this system is helping them to increase their brand value, goodwill, and employer brand image.