A loan amortization calculator can help you break down amount you will be paying each month. Generating a loan amortization schedule is especially beneficial if you want to compare two loan options. You can see which loan will lead to paying more in interest payments and which loan will take longer to fully repay. If you are looking for a consolidation loan, you can compare it with your current loan to see if will be getting a better deal.

There are many sites online that offer free loan amortization calculators. You input amount of loan, interest rate, period of repayment and calculate monthly amounts of repayment. By trying different inputs you can figure out monthly payment amount that will be best for you and will lead to higher principle payments and less interest payments.

Market Leaders The top five ERP vendors, SAP, Oracle Corporation, Peoplesoft, Inc. (now Oracle Corp.), JD Edwards & Company, and Baan International, account for 64 percent of total ERP market revenue. These vendors continue to play a major role in shaping landscape of new target markets, with expanded product functionality, and higher penetration rates. SAP dominates $6.7 billion ERP applications market in Europe with 39% market share. Oracle and PeopleSoft come second and third respectively, followed by SAGE Group and Microsoft Business Solutions.

The Future of ERP Industry analysts expect that every major manufacturing company will buy software, which ranges in cost -- with maintenance and training -- from hundreds of thousands of dollars for a small company to millions for a large company. AMR Research of Boston says consolidation among major players will continue and intensify. ERP vendors are expected to put more effort into e-commerce, CRM and SCM initiatives, with leaders redirecting between 50% and 75% of their R&D budget to these projects.

According to Gartner research group, rapid evolution of ERP has already lead to a new corporate must-have, ERP II, which is supposed to help businesses gain more competitive edge in future. The major difference is that ERP II involves collaborative commerce, which enables business partners from multiple companies to exchange information posted on eCommerce exchanges.

In next tutorial we will talk about popular ERP Products and Modules and Application related to them.

For more visualization of this article along with screen shots and more visit with step by step instructions, http://www.exforsys.com/content/category/17/260/342/