ISLAMABAD: The installation of the Enterprise Resource Planning (ERP) system will help in the speedy automation and digitisation of Pakistan Railways. The Pakistan Railways has taken several steps recently to move towards automation. The installation of the new system is one of these effective steps to ensure the digitisation of railways. An official told that Minister for Railways and Aviation Khawaja Saad Rafique was briefed about the transition of railway operations to the ERP system in a recently held meeting. \u201cMost of the railway management issues will shift to information technology (IT) with the ERP system,\u201d he said. According to a report of the Pakistan Institute of Development Economics, about 50% of ticketing is now electronic, but the Pakistan Railways still lacked an ERP system that integrates all the processes from end to end. There is also a delay of 60 days in the flow of financial information within the enterprise. The government expects to complete the first phase of the installation of ERP within three months approximately. In the first phase of the ERP implementation, railways will be completely paperless. Our Correspondent
\nUnder the system, a dashboard will be available to the chief executive officers, the secretary and the ministers for monitoring all the data generated electronically.
\nAccording to a recent study by the Asian Development Bank, which recommends six policy reforms for regional railways, most regional railways do not adhere to internationally recognised commercial standards when it comes to accounting systems.
\nIn addition, the old systems cannot accurately measure and separate the financial performance of various railway entities.
\nA modern commercial accounting system that provides reliable and transparent real-time information about costs, revenues and financial performance is needed for the regional railways. It is also crucial to strengthen staff expertise in operating the system and using it to analyse railway performance.
\nTo increase productivity and profitability, railways need ERP systems to help them adopt more commercial approaches.
\nThe system will enable the railway planners to maintain an overview of existing railway resources, such as staff or rolling stock. They can also identify more efficient ways to use them.
\nThe study recommends that regional countries should examine the non-core activities of their railways and gradually separate or privatise them to allow operators to focus on operating railroads on a commercial basis.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: The installation of the Enterprise Resource Planning (ERP) system will help in the speedy automation and digitisation of Pakistan Railways. The Pakistan Railways has taken several steps recently to move towards automation. The installation of the new system is one of these effective steps to ensure the digitisation of railways. An official told that […]<\/p>\n","protected":false},"author":2,"featured_media":282376,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":{"0":"post-282366","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n