HOW TO SHORTLIST AND SELECT AN ERP SOLUTION LIKE A BOSS

PostedOn: 2018-05-22 12:29:33

ow that you’ve decided to implement an ERP solution within your business’ IT ecosystem, you will soon be facing the proposition of identifying one vendor out of a pool of many. But be aware: The decision to go ahead with a vendor can take a long time when it’s an enterprise store planning item for consumption you’re considering. ERP can bring tremendous synergies into your business practices and drive inter-department collaborations to the next level. On the flipside, if the ERP isn’t potent or suitable enough for your business, it could cause severe process bottleneck and breed discontent among users. The purchase decision makers, hence, need to recognize the need for careful and diligent evaluation of ERP solution pitches. Here’s a guide that will help. Business first, tech second Don’t commit the cardinal mistake of buying expensive technology without understanding why the business needs it so badly. Remember, no single ERP can deliver you the best of all worlds.

ERP Cloud Security Risk Is Real Cloud-based ERP solutions are not immune to fraud, cyber-breaches, o

PostedOn: 2018-05-22 12:09:08

loud-based ERP solutions are not immune to fraud, cyber-breaches, or weak controls which are all serious threats to modern organizations. One core issue facing CFOs is understanding their role in Cloud ERP security i.e., ensuring that their organization minimizes the vulnerabilities of cloud-based platforms (which contain their most sensitive data), while still taking full advantage of the flexibility and visibility of the cloud. 71% of executives are concerned about moving finance and human resource applications to a cloud ERP platform. 17% of organizations have had a cyber-breach associated with their ERP solution. 75% of executives plan to allocate 3% to 10% of the total cost of a future cloud ERP implementation to security. Compliance is another issue on the radar when it comes to cloud ERP adoption. Auditors are enacting their financial auditing approach and frameworks to support the unique risk profile of cloud hosting, and organizations need to ensure that the compliance

Improve your business efficiency with leading ERP solutions

PostedOn: 2018-05-21 12:12:46

he current business landscape is as challenging to navigate as it is exciting. Fast-paced and tech-centered, it’s an environment survived by only the agile, characterized by increasing customer expectations, market fluctuations and growing comprehensive competition. And whilst expansion is key, spectacular growth can be a double-edged sword for businesses ill-equipped to scale and reorganize key processes. As your employees become less attached to the core of your business, they may begin to have less of an considerate of how their roles affect the bottom line, which could inadvertently result in unfavorable outcomes. Fortunately, there is a solution in the form of Enterprise Resource Planning (ERP) systems. Here are some examples of how exactly an ERP system will help your business thrive. Streamline your business processes As a business grows, daily operations will become more complicated. An ERP system helps ease this complexity by breaking down department barriers. It offe

ERP FOR MANUFACTURERS A LASTING SOLUTION TO INEFFICIENCY

PostedOn: 2018-05-21 11:40:05

nefficiency is a key challenge for all manufacturing businesses whether big or small. Inefficiencies can occur at any stage in the manufacturing process and its collision on businesses can be costly. How can a business overcome these inefficiencies and take charge to ensure they don’t hamper the momentum of a unbeaten manufacturing operation? Read on. There could be inefficiencies arising from the use of poor control systems, poor quality data because of disparate systems, or poor machinery amongst others. It is central for every manufacturing business to map out its processes to identify areas of inefficiencies and deal with these devoid of delay, but it can be challenging if the business lacks the suitable technology, or resources to carry out this exercise. Enterprise resource planning (ERP) solutions are powerful process management programs that manufacturing businesses can use as a lasting way out to drive out inefficiencies from their business. Here’s a few of the ways ERP

Methods drives profits, efficiency and digital transformation with ERP

PostedOn: 2018-05-18 11:37:39

ethods experienced explosive growth over four years and sought  to continue its momentum by enhancing financial and operational business administration while easily integrating with Salesforce.  As a result, Methods selected FinancialForce ERP, casing Financial Management and Professional Services Automation (PSA), to redesign back office operations. We selected FinancialForce as it met all of our requirements to digitally transform our financial and prepared aspect, and we were already using the Salesforce podium, CFO. The pace we saw results exceeded our expectations and it truly has changed the way we run our business and improved performance significantly. It has enabled us to focus further on strategy and business growth as well as cope with the rapid change in business models and adapt quickly in the new services economy. We have been able to achieve this with virtually no custom development. Methods is a perfect example of demonstrating the power of a platform-led approa

HANDLING RESISTANCE TO THE NEW CRM

PostedOn: 2018-05-16 16:30:18

hile management and board members may be all in for a new Customer Relationship Management (CRM) software, you may find some of the actual users are resistant to the idea of replacing the current system or scheme of handling your sales, marketing, and customer service related activities. Some may want it and some might not care, but it is best to look forward to that some will want to keep the status quo. It is critical that you address those resistant as they can negatively influence others on the idea and cause anon issues when it comes to adoption. Here are a few ways to anticipate and address resistance to a new CRM solution. 1: Have leadership and accountability in place The company president, wide-ranging manager, etc. all need to be on board and excited for the new software. From there, they can delegate to area managers so that they can help identify any potential resistance. This should be addressed without delay on an agreed upon measure based on the reasoning behind the pr

Outboard engine builder turns to ERP for early-stage support

PostedOn: 2018-05-16 15:09:11

new entry into the market for marine diesel engines has turned to an ERP provider to help it achieve the new objectives in its growth ambitions. It Power train is emerging from an intensive, decade-long program of product maturity to grow to be a vendor with the ability to handle transactions on a global basis.  To get there, it recognized the need to invest in ERP.  With operations already located in the US and UK, the firm required a system that could prop up its current manufacturing operations yet at the same time be scalable enough to ensure it possibly will meet future demand.  It is anticipating significant demand for a product that has been 10 years in increase. The outboard is attracting significant interest from military organizations because they are with authorization required to phase out the use of gasoline-driven equipment in favor of diesel engines.  The key drivers behind the choice of ERP system were twofold: scalability and cost. Other vendors reportedly off

STEPS TO A SUCCESSFUL CRM IMPLEMENTATION PART TWO

PostedOn: 2018-05-15 14:42:16

n part two, let’s take a look at even more steps your business can take when going through the process of a CRM implementatation. Assess the features/benefits As with the above step, this one’s really already fulfilled by creating the RFP document. Regardless, assessing the benefits and deciding which benefits and facial appearance are the most important to your business is a huge step in selecting the right solution. Typically, it’s best advised for you to create a list of benefits and categorize them as either wants or needs. some time ago you’ve categorized each of the benefits and features that you’re seeking to find, you’ll know the absolutely needs for your business, which any vendor must have in order for them to even be considered, as well as the wants for your business, which help distinguish the vendors that already have the basic needs you’re looking for. With these two lists of items, you’ll be well on your way to narrowing down vendors and picking a so

HANDLING RESISTANCE TO THE NEW ERP

PostedOn: 2018-05-14 12:13:26

he only thing that doesn’t change is change itself.  While this may be for better or of inferior quality, when it comes to getting new Enterprise Resource Planning (ERP) software, it is a huge change for your companionship and employees. As with other changes in life, some will love it, some will like it, some won’t care, and some will resist it. It is most important to address those that are against the vary as they can plant seeds of doubt in others and cause troubles during the implementation and adoption. Here are a few ways to anticipate and address resistance to a new ERP. 1: Have leadership and accountability in place Acceptance starts at the top. This assumes all management from the CEO, COO, CFO, etc. are all in agreement and on board. From there, you can delegate down to area managers to keep the team upbeat and see any resistance. Having strong leadership that is also willing to work hard and then see the benefits of the new ERP will go a long way down the corporate l

The CRM implementation process a step plan for success

PostedOn: 2018-05-12 12:36:13

successful CRM implementation process is one of the hardest tasks that modern businesses face. Finding and implementing a CRM which provides people in the organization with the information they need at the right time is difficult. The challenges in CRM implementation are considerable and most organizations don’t start the process with enough planning. So, what makes a successful CRM implementation? The bad news is that the challenges in CRM implementation are many, you need to get a lot right and each organization is different. Below, we’ll address: Bringing together an implementation team Creating a change management plan Forecasting a CRM implementation budget Rolling out your new system - migrating data,  Going live and how to plan for it Evaluating the success of your CRM implementation project  1. Create an implementation team At a basic level, you should include: Project manager: the leader. Application analyst: responsible for data migration and c

Hybrid Cloud ERP Model is Revolutionizing the Payments World

PostedOn: 2018-05-12 10:20:46

t might sound too good to be true, but there is a way to gain greater visibility over group cash, reduce payments fraud, and extract further value from ERP systems  without migrating decentralized subsidiaries into the ERP environment. Cloud technologies offer key remuneration in that aspect, but many users still have security concerns around how they can accomplish the better of two worlds – comfortable mobility and maximum security. There are many reasons to switch to the cloud including lower costs, scalability and improved collaboration. Nevertheless, many organizations are taking a cautious approach and reservations remain high. The idea of companies allowing data to leave the confines of their own four walls makes many IT pros shudder. The precision is, security doesn’t have to be compromised for the sake of increased flexibility. Quite the contrary, with constantly evolving cyber threats, it is extremely difficult for one business to keep under top of the changes. A speci

WHY CONSTRUCTION INTEGRATED MANUFACTURING IS A GAME CHANGER

PostedOn: 2018-05-10 11:26:16

he construction industry has a reputation for moving slowly when it comes to adopting modern technology and changing business processes. There are countless reasons on the road to believe that this is about to change and companies who don’t adapt and change will probably not survive. It is also a mistake to believe that the traditional large contractors will be the survivors as they have the financial muscle to transform their businesses. It could be argued that the larger the company the more likely they are to decline as they are more bureaucratic and less agile and slow to change. I believe this will be an accelerating trend, so what do we need to do to avoid being the next casualty? What are the trends and pressure points that we need to consider to be a champ in the future? GAME-CHANGING INDUSTRY TRENDS AND CHANGES The accelerating trend towards the adoption of construction-integrated industrialized and digital asset lifecycle are two areas that will have a game-changing e

How Data Is Making Us More Human

PostedOn: 2018-05-10 11:06:48

hey are all jobs that didn’t exist 10 years ago and they’re all a result of the super-fast scientific change something that shows no sign of slowing. That’s an impressive stat, but it’s nothing new. Remember, a decade ago the first iPhone had in a minute launched and Twitter was only just starting out. We are a generation familiar with invariable change and fast-paced innovation. I see headlines every day out about how robots will take our jobs and why AI could destroy more jobs that it creates. But in practice, I don’t see it and the data doesn’t show it. Globally, according to the International Labour Organization, the unemployment rate is predicted to fall and in France specifically, is at its lowest level since 2009. This is the clearest example yet of why people aren’t and won’t be cast aside by a new team of robots. The digital project of the future will be built and led by a nation who can augment their capability with data, not by robots. I would argue

USING SOCIAL MEDIA TO MARKET INSTAGRAM

PostedOn: 2018-05-09 12:20:23

any businesses are now using social media to market their business. What was once used as a tool to connect and communicate with others is now a tool that allows businesses to push their company message out to the loads. Social media is a great way to show personality, allow your following to know you better and meet your customer base where they are, which is from end to end their smart phones. It can also work as a great way to extend your customer service by giving customers an additional way to reach out to you. We discussed the importance of social media channel Twitter last week and how it can be used as a great way to market toward your specific audience. The wonderful thing about social media is that there are many other channels that have the funds for you the ability to use it as a marketing tool. This week let’s discuss Instagram and how the image based platform can help your business. What is Instagram? – A Crash Course For those who may not know, Instagram is a fr

The Future of Manufacturing ERP

PostedOn: 2018-05-09 11:12:10

t’s not breaking news that manufacturing ERP systems help organizations solve their operational challenges. Implementing ERP into any manufacturing operation is a potentially powerful strategy to reduce production costs, streamline processes and in the long term, impact a company’s growth. With the vast majority of businesses now focusing on going digital and the rise of digital transformation within the organization, ERP for manufacturing must be primed and ready to leverage the latest technologies, such as IoT and AI. Here are five trends and tangible examples that best illustrate ERP in action and help shed some light on the future of ERP in the world of manufacturing.  Powered by AI This same AI-based technology can also be used to boost efficiency in manufacturing. A built-in, voice-activated AI-powered personal assistant can provide manufacturers with convenient and easy-to-use tools to make more informed decisions based on more in-depth data analysis. Integrated AI tools

The Signs You Are Ready for Blockchain in Your ERP

PostedOn: 2018-05-08 12:22:58

he blockchain, in its essence, is a distributed digital ledger that is secure, tamper-proof, permanent and can contain any piece of digital information.  Right now the promise and many of the use cases for the blockchain within ERP are already defined, but these are early days. ERP vendors still are working on their implementations of the blockchain, and there are few examples in the wild of production-ready blockchain applications for ERP. But they’re coming. And they’re coming soon.  1. You Work with Lots of Contractors or Consultants  If much of your business value is created through a collaborative network of partners, you might be ready for the blockchain.  The blockchain can be useful because it can create a secure, tamper-proof, shared record of designs, orders or any other digital information to facilitate sharing among businesses working together.  2. You Need More Visibility in Your Supply Chain  Similarly, the blockchain is useful for any business that requires

The Valuable Lessons From Major ERP Fails

PostedOn: 2018-05-08 11:26:26

here’s no doubt that an ERP can bring immeasurable benefits to a manufacturing friendship. As the backbone of any organization, ERPs play a crucial role in keeping all back-office operations running smoothly. However, it can be easy to misjudge the time, effort and resources needed to successfully implement and maintain an ERP. Analysts have found that roughly 75 percent of ERP projects fail. Time and time again, businesses have been led astray by common misconceptions about ERPs. The result? Costly mistakes and lasting damages. Unfortunately, no company is immune to the devastating impacts of an ERP failure. Here are a few famous examples of what can happen when an ERP accomplishment doesn’t go as planned. In 2000, Nike lost $100 million in sales after a failed supply chain mission. The company was hit with a series of lawsuits and also saw a 20 percent dip in its stock. Right before Halloween in 1999, Hershey’s couldn’t deliver on $100 million worth of chocolate beca

Why the distribution industry is better off with cloud ERP

PostedOn: 2018-05-07 10:51:58

s a sole collection point for all an organization's data from multiple sources, a project resource planning (ERP) solution acts as a single source of truth eliminating data duplication, enhancing data integrity, and enabling users to drive growth, manage costs, and be more productive. The distribution engineering is a complicated one, and the technology chosen to run systems and processes can make or break a company’s bottom line. If you can’t deliver your orders on time and at the best price, another distributor certainly will be more than happy to do so. Cloud ERP can bring up to date and scale many processes to meet customers’ demands. It helps manage the unpredictability of the distribution market by empowering distributors to streamline processes from quote to cash, optimize the supply side of distribution operations, and make better financial decisions. Distributors who want to serve their customers from quote to cash are turning to darken ERP in growing numbers. Excelle

ERP BEST PRACTICES FOR LONG TERM SUCCESS

PostedOn: 2018-05-04 11:01:39

n today’s digital era staying up to date with the latest technologies is extremely crucial. The equivalent goes for businesses that use enterprise resource planning software. The software is designed to help run all daily business activities from project management to the financial aspects of a industry, and that is just a small part of what ERP can do. Because your business is working with a system so dense and rich with information and things to be trained, it is important to make sure that you are getting the most out of it.  When beginning your ERP journey, there are many things to think about. Picking the right system, vendor, going through the implementation process and guidance, there is no step worth skipping. 1.    Exercise Patience Successful ERP implementation doesn’t happen instantly. It is important to give the process time to work, as you learn the system. Planning and homework when implementing this classification is needed and it can take time. Investing the t

USING SOCIAL MEDIA TO MARKET

PostedOn: 2018-05-03 11:49:57

ocial media has become a tool to connect with others, share your thoughts and follow people with similar benefit. Once something that was just a small world, is now part of the everyday lives of millions. It is where people go to get their rumor and to learn about the world around them. Often times, we think as regards social media in proximity to our own lives, the everyday individual person. What Is Twitter? For those who may not be in the know about the widely used social media podium that is Twitter, allow us to explain. Twitter is a free social networking podium in which users are able to post short messages called tweets. How to Use Twitter to Market? As mentioned in our intro, via social media to market requires a plan. That plan typically involves developing a schedule, trial and error, reporting analytics and constant researching/keeping up with the latest social media trends. prolong reading to become skilled at more about the best ways to use Twitter to your marketing

Different Ways in Which IoT Can Enhance Your ERP Software

PostedOn: 2018-05-03 11:30:11

oT is the buzzword every enterprise and businesses are talking about. Almost all the discussions that start with innovation boils down to IoT (Internet of things). With the advent of IoT the world is connecting more, as each day a newer, different and a larger quantity of data is collected.  Let’s decrypt the term IoT (Internet of things) It means a thing (device A) communicating to another thing (device B). These connected devices and systems will collect data through embedded sensors or actuators in machines or other physical objects. The interconnection of these devices will create a wave of automation in almost every field. IoT is said to a perfect combination of the physical world with its virtual counterpart thus making it a perfectly connected world.  Just like IoT the aim of ERP is to serve its customer in the best possible way. The flood of data generated from IoT can be fed into the ERP Software to benefit the manufacturers in product life-cycle starting from its design

CRM Is Now The Largest Software Market In The World

PostedOn: 2018-05-02 13:40:12

ustomer relationship management software revenue overtook that of folder management systems at the end of 2017, making CRM the largest of all software markets in the world. In 2018, CRM software revenue will keep on to take the lead in all software markets and be the fastest growing software market with a growth rate of 16 percent. Of note to software-focused channel partners, the strong growth rate of CRM software revenue is driven in particular by the segments of lead management, voice of the customer and field service management, each of which is achieving more than 20 per cent growth. We have witnessed the rise of marketing technology and a recent revival in sales technology in the CRM market. However, the major vendors offering CRM suites covering sales, commerce and service are showing stronger than average growth and are successful at cross-selling additional modules to existing customers. Organizations are keen to avoid silos of in turn and to obtain a 360-degree view of th

Today’s ERP is All About Emerging Technology

PostedOn: 2018-04-30 12:25:12

ext-generation ERP applications will leverage emerging technologies like machine education, intelligent apps, Internet of Things, and Blockchain for efficiency. In the digital age, and with turbulent market conditions, many current business models are presented with substantial opportunities and threats. In organize to not only endure but thrive, organizations must be increasingly agile. Companies need to be able to make prompt, informed decisions about how to adapt to rapid and invariable changes and then implement new strategies. In addition, they need to be able to quickly manage performance, constantly monitor what’s working and what is not and redeploy resources to the best opportunities and returns. So, where does sponsorship fit into all of this? This is creating new demands on CFOs and their finance teams, which are driving finance to rethink their mission and operating model. The finance function will be data-driven, complete and secure by harnessing: Interactive Report

Financial Force Placed as Innovative Services-Based Cloud Finance Wholesaler in New Report by Conste

PostedOn: 2018-04-28 11:26:00

inancial Force, the number one customer-centric ERP cloud vendor built on the Salesforce Platform, has been named an intelligent cloud-based backing solution for the post-modern CFO, according to a report from Constellation Research, a Silicon Valley-based research and advisory firm. collection Research has also listed Financial Force on its Short Lists for Enterprise Cloud Finance Solutions and Smart Services Digital Monetization Platforms in Q1 2018. Cloud-based solutions with advanced revenue recognition and forecasting tools have helped shape and develop the new services economy. expertise buyers should seek vendor partners who have been recognized as category leaders through new product development and demonstrable growth. Constellation’s report identifies Financial Force among a group of vendors that support the fiscal operations and deliver the core foundation for ERP and back-office systems. Collaborative finance Financial Force Financial Management blurs the line bet

Why An ERP Performs superior In The Cloud

PostedOn: 2018-04-28 11:03:09

here are so many ERP options currently on the market that it’s easy for enterprises to find one perfectly matched to their unique requirements. Before diving into the details, however, it’s important for any prospective user to wish between an on-site or shade ERP deployment. There are advantages and disadvantages to both approaches, but with a doubt, an ERP performs better overall in the cloud. Management Is Handled For You Your IT players are one of your biggest assets. But when they have to spend their days on the maintenance, updates, and repairs that your on-site ERP system requires, their time is not well spent. When the ERP resides in the cloud, all of these schedule tasks are handled for you by a dedicated team of off-site experts. That ensures you always have the strongest, fastest, and most up-to-date version of the arrangement to use. Plus, it frees up your IT team to work on more industrious projects. Scalability Is Instantaneous and Unlimited The reason you’re pu

ERP HELPS THE HEALTHCARE MEADOW

PostedOn: 2018-04-27 11:10:09

nterprise resource planning, ERP as it is most commonly referred to as, is used by businesses to assist with daily business practices by integrating core processes such as built-up, procurement and finances among other things into a single system. When we think of enterprise resource planning software, what are the industries that you think need it the most? Often associated with the mechanized industry, ERP is more than just a one-industry software and to come back with that question, we could list a range of answers because the truth is, ERP software is a great fit for all industries who are in need of help with organizing their day to day production practices. 1. Stores Important Health-Related Data/Information Electronically The healthcare trade consistently stores important documents and information not just about the business, but about its clients too. It is important to keep that, in turn, both confidential and stored in a safe place. With ERP, both of those things are poss

Five CRM Maintenance Basics

PostedOn: 2018-04-26 12:07:45

ou may not know it, but your CRM is like a beginning of lettuce.  With time, your CRM data will start to wilt and go limp. Untended, it will decay further and rot.  Most data within a CRM has a shelf-life, whether months or years. The only firmness is that the data will decay with time. People will get new phone numbers and email addresses. They will change positions within a company or move to a new firm. Interest in a product at your company will evolve or decline over time. Customer sentiment after a good support interface will fade with time.  Further, your CRM itself will age. Custom fields that made sense two years ago might no longer be useful. Contact tagging will get messy over time. Duplicates will disorder your database.  1. Clean Data Regularly  The most important protection task is making sure your data is clean.  This takes several forms.  First, you must have some form of de-dulcification in place. This is often built into your CRM by default, but if it is not

Risk management and ERP completion Tips

PostedOn: 2018-04-26 11:03:23

any venture folks assume that granular processes relating to the definition and start of an ERP implementation, also suggests that any marginalization's and/or assurances associated with enterprise risk management will also be resolved once a system has been spun up. Unfortunately, while this claim may appear to be a reasonable premise, in reality this is largely untrue. According to the Online Business Dictionary: Risk management relates to; the identification, analysis, assessment, control, and dodging minimization, or elimination of unacceptable (business) risks. An institute may use risk assumptions, risk avoidance, risk retention, risk transfer, risk marginalization, risk validation and/or any other strategies (or combination of strategies) in order to create proper management of future events. Note that while the definition may be generally assumed to be applicable to a complex technical structure; subsumed within a larger enterprise business constitution, the classical def

MARKETING FOR A ESTABLISH COMPANY

PostedOn: 2018-04-25 12:06:32

here are many stance that go along with starting a business. It can be thrilling, finally getting your idea out of your head and into a mental form, but it can also be stressful having so many moving parts to juggle. Let’s add another moving part to a large amount of juggling that you are already doing, marketing. For a startup there is no pattern or blueprint as to how to market a brand new business, so the lot that a startup business owner would do in terms of marketing and branding is up to them. With this knowledge, set up business owners are able to create their own ideas for selling. 1. What Does Your Establish Consider to Be A Success? First, determining what failure means to your company in terms of marketing helps your company establish goals and work toward them t, erefore. Defining success varies from person to person, as it does from company to company. Maybe your company wants to achieve a specific amount of sales, or amass a certain number of customers. What are your

How to shun ERP project failures before they happen

PostedOn: 2018-04-25 11:38:59

RP implementation projects are complicated, and there’s no one-size-fits-all resolution. But even so, why do so many software implementation projects fail? Engage leadership Management assurance is critical to the success of any ERP project. A lack of leadership buy-in is often the reason why deployments fail. So, implementation will be easier if those at the top fully support the breadth of the process, the possessions it will take to do it right, and making the tough decisions that will likely shake up the status quo.  Pick the exact software There are tens of thousands of ERP solutions on the market. Some focus on whole industries, others on geography, and still others are segmented slices of industries. As a first step, organizations must do their strategic research, ask the right questions, and be clear on the answers. In selecting ERP software, what’s the end goal that aligns with the business requirements? How much might the business grow, short term and long term? And

ERP Security 101

PostedOn: 2018-04-24 12:15:42

s long as IT assets are accessible online (and sometimes even when they are not), there’s the risk of a cyber-threat. There’s no firewall or security measure strong adequate to entirely ward off the possibility of a security breach; enterprise IT is always meeting there waiting for the next attack.  This is true for any commercial IT system, and definitely the case for ERP systems housed in the cloud, allied to other systems online, and granting access to a wide range of employees with various skill sets and levels of security wakefulness. An ERP system is never truly safe.  There is a lot that businesses can do to minimize the risk, however. Here are six ERP security basics you should be following.  1. Manage Insider Threats  Let’s be clear: The prime risk to your ERP system is not outside your company, but within. Human error and mischievous or disgruntled employees pose a far superior risk to your ERP than Ukrainian hackers.  Make sure you minimize the risk of insider

Five Features You feel like in Your CRM

PostedOn: 2018-04-24 11:46:35

he process of selecting the accurate CRM for your business can definitely be long and deadly. How to choose when there are so many opposing options on the market?.  The most crucial skin for you will depend on your specific business, Are you a startup, an SMB or project? Are you B2C or B2B? Because businesses are different, there is no one-size-fits-all CRM that will benefit everyone. Nevertheless, there is some facial appearance that is undeniably important for every company. When picking the right CRM for your business, don’t compromise on the basics; make sure your CRM has these five features.  1. Analytics and Reports  Your CRM is a storehouse of useful information for marketing, sales and customer service. What separates CRM systems from expensive address books is how this data is used for actionable insight and visibility into your business.  All CRMs at least pay lip service to reporting and analytics. But go deeper; make sure your CRM focuses on automatically pulling t

Cloud ERP move requires Clutch of different types of cloud computing

PostedOn: 2018-04-23 12:20:16

loud is such a marketing buzzword that it can obscure the type of infrastructure you’ll get with a new ERP system. Here’s an introduction to the different types of cloud computing. One difficulty of planning to move your ERP to the cloud: The term is largely a marketing creation. Depending on who’s doing the talking, a cloud can mean many different things. No wonder there is still a lot of confusion about the different types of cloud computing. Cloud is more of a branding and marketing apparatus for the industry to package services in a consumable way than it is a term with concrete meaning, said Stephen Moss, senior vice president of managed technologies at PCM, an IT services provider. Cloud, on the other hand, carries the connotation of services and software being delivered and maintained by a provider, along with an IT infrastructure. The cloud to me is more based on next-generation services and the ability to continue to innovate and enhance your processes Cloud is, by

DO STARTUPS CALL FOR ERP SOFTWARE?

PostedOn: 2018-04-23 12:00:08

ompanies in the beginning stages of operating their businesses are considered startups. These entrepreneurial ventures tend to be small in both size and staff and are financed and operated by one or a very small handful of founders. What differentiates a startup from other businesses is that they offer a product or provide a check that is not on hand for purchase on the market or that its founders believe is superior to other services presently on the market. With a startup, it may be easy to believe that the whole lot can be run by one person, or a small few, yourself. However, it’s hard to know just how quickly selling can pick up, acquiring more clients means more work and over time it may become tough for your staff members to keep up with the additional work that comes along with running a startup. Will Venture Resource Planning Software Work? Enterprise resource arrangement software is meant to assist businesses with their daily business practices. Even though startups are t

Do you really need a new ERP?

PostedOn: 2018-04-20 11:37:50

verywhere you look there is another worksheet. As you walk among the people you hear complaints that the ERP is too hard to use and doesn’t yield the in rank required. Is it time to change your ERP, or could you alter your current one to the same effect? Diagnose your process problems Sometimes ERP troubles are really a symptom of processes that should be looked at first. drawing the flow of work as it is today. Are there any steps that do not add value or capacity be unneeded? Does everyone know who their inside buyer is and what requirements they have? Where could you simplify? If your ERP is in the family way trial in the sequence 1, 2, 3, then 4 but people are working 2, 3, 1, then 4 then the ERP just will not fit. If you are doing things wrong, the fanciest, most expensive ERP in the world won’t solve your problems. Understand why these occur Has your business altered? If you chose your recent ERP when you were a make-to-order business but now you are primarily a make-to

3 Key Benefits of ERP and CRM Integration

PostedOn: 2018-04-20 10:54:54

f you’re looking to streamline business processes and boost effectiveness, consider integrating your enterprise resource planning (ERP) and patron relationship supervision (CRM) software systems. Doing so will help remove data silos in your institute and optimize operations to enhance efficiency. Let’s take a look at three benefits of merging your ERP and CRM software. 1. A 360-degree observation of your customer  How well do you know your customers? One of the biggest advantages of ERP and CRM integration is that it gives you an entire view of your customer. From outlook to sales and support, to finance and accounting, together these systems present complete visibility into your customers’ needs, buying habits, order history, preferences, account standing, etc. Not only does this knowledge give you better insight into your customer base, it can help you build lasting relationships with customers and determine where there is potential for future growth. It can even help you an

Using ERP to Create Competitive Advantage

PostedOn: 2018-04-19 13:54:21

usinesses today operate in an economy that is structured around being dynamic. We hear technical terms such as disruption, industry 4.0 and platform economy on a daily basis.  However, is this really extending the continuum of business opportunity or simply a form of reframing? Innovation is widely mistaken for any technology that changes how firms operate or deliver their product or service. This type of innovation taking place at the early stages is considered to be inferior. Therefore, what exactly should innovation be and how can companies create competitive advantages?  The answer is not straightforward but lies in a company asking itself three questions as a starting point: What business are we in? How is the organizational ecology evolving? Why do we want end users to utilize our firm? If a business can adequately answer the above in three sentences, creating an advantage is not far out of your reach. Let me unpack my view on what tenets a firm should adopt: T

Why You Will Love a Career in ERP

PostedOn: 2018-04-19 11:49:40

f you are not already working in the ERP industry, it’s sometimes difficult at parties to explain to people what you do. When asked: “what do you do?” I simply explain that I am a product manager. This is a sufficiently loose term that in the current climate can be associated with either the development of a product or the ownership of someone else’s product. It keeps things nice and simple. Being ‘in ERP isn’t a profession or an industry that holds certain certifications or regulations, it is what it is. There are a lot of diverse roles that you simply don’t see in other industries. The important point about ERP though, is that ERP is the business system, used in millions of businesses, that keeps processes managed. This includes orders going out of the door, materials being ordered in, cash being requested and paid, and supporting the back office functions to ensure that children are happy on Christmas morning. Because in most cases, a child’s Christmas present pro

HOW CRM CAN BENEFIT ECOMMERCE BUSINESSES

PostedOn: 2018-04-18 11:58:28

hat was once something that only a small portion of the population did, is now a shopping staple. That thing is ecommerce shopping. Shopping online has become increasingly popular over the years because of its convenience for many shoppers. Being able to purchase desired items at home as well as having them delivered there too takes the hassle out of shopping at brick and mortar stores. It also allows shoppers to find items that may be difficult to find in store. Over the years ecommerce has become such a popular form of shopping that it has even caused a significance drop with in store shopping. With this form of shopping becoming such a standard, it is important for business owners to know how to properly market and operate their businesses. 1. Access to relevant customer information CRM systems can give you information about your customers that will allow you to better market toward them. Information such as items that customers purchased and searched for while on your site. You

WAYS ERP WILL EVOLVE THIS YEAR

PostedOn: 2018-04-18 11:40:47

nterprise resource planning software isn’t something that changes consistently, even though updates will occasionally have to be made. With there being changes in the world of software, you should also expect to see an evolution. Like all things, and software’s, nothing is meant to stay the same forever. Change can be a scary thing, however, in order to best keep up with the times and latest trends everything must evolve. The Possible End of On-Premise On our blog, we have talked about the difference between on-premise software and cloud software as well as what the pros and cons of using both are. If you aren’t aware, let’s do a quick recap on the difference between the two. On-premise software is when a company decides to run their software in-house. The software is maintained at the company’s physical office and ran through that same company’s IT department. On-premise essentially allows a company complete control over their ERP system. Cloud ERP tends to be more conv

Cloud Native is Key to Next-Generation

PostedOn: 2018-04-17 13:25:02

obile network operators are waking up to the fact that they must adopt Cloud Native architecture in order to transform themselves into digital service providers with the capability to deliver new software-based services as fast as their competitors. Cloud Native is a long-practiced IT concept introduced to telecom cloud in the form of massively distributed network software. Linking the reliability and precision of the telecoms industry with the agility and flexibility of the IT sector could transform the communications business. Network Function Virtualization (NFV) is being hailed as a likely catalyst for telcos that want to make the conversion to Cloud Native. The goal is to absorb the best practices of the IT industry while retaining the underlying telecom structure as operators advance from NFV to NFC (Network Functions Cloudification). According to a just-released white paper from Analysys Mason commissioned by Huawei, the Cloud Native concept is critical for companies making

ERP Consultants Cannot Own Your Project

PostedOn: 2018-04-17 12:49:48

e hear it every day from the ERP media yet another ERP project goes down the tubes, cost way too much, or the expected benefits never materialize. Usually, the post-implementation narrative from the consultants participating on the project goes something like this:   The project failed because our client did not take ownership of their system implementation. In other words, according to many ERP software vendors and implementation service providers, for some strange reason the client once again.  Was not committed to the project, Refused to contain the scope, Would not assign the right employees to the project, Failed to carry out their project responsibilities, Could not make decisions in a timely fashion, Saw no need or desire to learn the software, Modifying the system to the point it was no longer recognizable, Did not want to deal with organizational change, Refused to redesign their business processes, I must say, if client companies knowingly ignore the well-kn

TIPS FOR EFFECTIVE ERP TRAINING

PostedOn: 2018-04-16 11:32:49

nterprise resource planning software, most commonly known as ERP, can be a very large undertaking. There are many steps involved before a company even gets the chance to use it. Finding the perfect vendor that provides exactly what you are looking for, together with an agreeable price is key. The implementation process, arguably the most crucial part of ERP software, has to take place and should hopefully run smoothly. But one part of ERP that can make or break how the software good wishes your company, is the training process. Training is necessary because it helps each and every employee who plans to come into write to with the software learn all of the ins and outs of the software. Training gives employees knowledge of what the software does, how it can help make their lives easier and most notably, how the software works. Access to Training Training should be easily accessible to everyone who that comes into contact with ERP software. Depending on the vendor you choose to work w

HOW TO CREATE INTERESTING CONTENT FOR YOUR WEBSITE

PostedOn: 2018-04-13 11:46:14

ontent writing is specialized writing meant to provide relevant information. The aim of content writing is to draw in your specific target audience with information about your production and specific products that are of interest to them. It is easy to write content for a website, writing standard, even generic information. However, the overall goal is to create interesting and creative content that can draw traffic to your website, specifically a blog page. 1.Make Copy About Your Audience Creating written content with your audience in mind shows your customers that you are interested in catering to them. Using their inquiries and comments about your business, introduce it into your copy shows that you pay attention to them and that you want to provide them with relevant and helpful information.  2.Change Your Writing Approach The most interesting content writing is writing that isn’t the norm. Not only does changing your approach have the potential to interests your readers, it

4 Ways to Embrace Simplicity in Web Design for Higher Returns

PostedOn: 2018-04-13 11:24:54

he human brain is complicated, but it adores simple things. We hate what we don’t understand and stick what we know, in most part, because of this simple unwritten philosophy. From the position of a professional web design agency, simplicity is the tool that carves out perfection. It promotes fluid site navigation and clarifies the intended message in the bid to upscale signups, subscriptions and better returns on venture or ROI, for short. However, simplicity can be elusive in the world of design and beyond. Avoid getting stuck between web design minimalism, function and creativity as a web designer by taking a cue from these 4 tips.  The 80-20 Pareto Philosophy  The 80-20 Pareto rule is simple. Looked at from web designer’s perspective, it connotes that 80% of a design’s features should derive from 20% its functional aspects. The principle is the definitive guideline in the creation of a clutter-free interface theholy grail of an effective webpage. In line with this rule,

What is Project Based ERP

PostedOn: 2018-04-12 11:58:25

roject-based enterprise resource planning, also called project-based ERP, is a new approach to enterprise software that’s helping companies change the ways in which they utilize IT. Building on traditional ERP concepts, project-based ERP expands the conceptual capability of ERP tools beyond simple production, into systems that help business leaders plan and complete enterprise projects. Many experts would describe traditional ERP as manufacturing oriented. It was largely created to facilitate specific product management processes, often focused on orders and product units. It was good for analyzing production, but not as good at analyzing the stringing together of production tasks into a chronological life cycle. In fact, before the rise of project-based ERP, many companies took to working outside of an ERP platform to put together reports on entire projects, including chronologies, order fulfillment strategies, and other kinds of complex planning. One of the most fundamental defi

Modular ERP Advantages And Disadvantages

PostedOn: 2018-04-11 11:48:07

odular ERP systems have been around a long time. Many of the very first systems were modular and many of today’s systems still retain that quality. Back in the day, there were accounting systems that often consisted of a general ledger module combined with accounts payable and accounts receivable. Inventory modules came along later. Those opened the door for the planning of inventory, production, and resources. Advantages of modular ERP Modular systems allowed you to get only what you needed and not have to pay for unneeded extras. If your business was strictly cash, the accounts receivable module would not add value to your business. Today, modular ERP still allows a business to spread out the investment cost as modules are implemented one at a time. The cost of the ERP implementation is also spread over time. Individual modules implemented one at a time can be much less painful for the organization. Modular systems are also useful in two-tiered implementations. A parent compa

Five Steps to Implementing a Business Intelligence Strategy

PostedOn: 2018-04-11 11:30:14

usiness Intelligence is becoming increasingly important for organizations of all sizes: it provides real-time insight into a company’s data, ensuring that growth and savings opportunities are not missed. Large quantities of information provide valuable information that companies can use to make better decisions, improve productivity and boost revenues.  So how can your organization take full advantage of the benefits as soon as possible? Here are five essential steps to follow when implementing a BI tool.  1. Keep it clean  The very first thing to do if you want to implement BI successfully is to make sure your databases are clean and accurate.  Start by removing old and irrelevant records on a regular basis. Get into this habit before you implement BI, and you’ll benefit from it sooner.  You should also know exactly where you get your data from. Focus on prioritizing information produced by your business. Data from other sources can be unreliable, so the more you generate

CRM And ERP Is Increased Agility

PostedOn: 2018-04-10 13:10:33

oes your business need to be more agile? The answer is a resounding yes! Virtually every business is facing a future full of changing requirements. Your competitors are changing and your customers are making new demands. To be successful in the future, your company needs to be able to adapt to changes quickly and cost-effectively. Integration between your CRM and ERP systems will help you achieve those goals, and give you a competitive advantage. Why Agility is So Important According to the Harvard Business Review, digital disruption is the main cause of the increased turnover of companies that appear in the S&P 500. Naturally, there are many reasons for companies dropping out, but digital disruption is clearly responsible for a large share of that movement, according to the HBR. A big part of a company’s ability to deal with the results of digital disruption is company-wide access to information. Keeping your CRM and ERP systems separate prevents you from providing that informat

How ERPs Reduce Inventory Costs

PostedOn: 2018-04-10 12:07:51

istribution is an expensive business. In addition to the costs all companies absorb in overhead, such as rent and employee costs, distribution companies also have to consider inventory costs. Unfortunately, many companies do not manage their inventory as well as they could, and that fact can really hurt the bottom line. How Inventory Costs Companies Money Implementing an inventory management system will help, to a degree, because it makes sure that the company isn’t holding unnecessary amounts of goods. But not just any system will do. If a company uses manual processes, it introduces the possibility of mistakes and slows down the whole operation. To compound the issue, even if an automated process is in place, for example, in the early stages of digital transformation, duplication and the lack of intelligence such a system generates can still be a problem. Managing Inventory Turnover The first thing that distribution companies need to understand is that inventory is, ultimatel

7 Improvements for Running the Back Office with Management Software

PostedOn: 2018-04-09 16:37:52

nyone who hasn’t been involved in the business for a couple of decades would be absolutely taken aback by what they see if they walked back into a modern office. From products to people to processes, new software products are changing the game when it comes to back office management. Here are seven technologies that have changed the ways that human decision-makers create a path advance for a business: Inventory Management Tools Inventory management is one of the biggest improvements that have been made in all of enterprise IT. Inventory tracking and managing tools help make inventory operations entirely transparent anyone can see how much inventory is on hand, and historically, how much inventory the business has used. But this is just the tip of the iceberg when it comes to what inventory management can do. These software tools can effectively help companies consolidate and potentially close down warehouse operations because of the enormous cost savings it provides. Inventory

WHAT IS ERP TESTING

PostedOn: 2018-04-06 11:51:03

hen enterprise resource planning software is first implemented, you want to make sure that everything has been installed correctly and runs smoothly. How would you accomplish this? By conducting ERP testing. What is ERP testing? Here is a definition: ERP testing ensures the proper functioning and configuration of each module that will be used, per the organization’s needs. Testing the ERP implementation process is important because of the very crucial role that it plays in the day to day activities of your business. There are different ways to test your new enterprise software. In today’s blog post, we will cover the different testing types, which are all meant to ensure that your business is getting the most out of your enterprise resource planning software. Continue reading to learn more about the testing process in detail. Getting Ready to Testing Your ERP System  With ERP testing, the focus tends to be on ethe functionality of each module under specific circumstances and sc

THE IMPORTANCE OF A MOBILE CRM SOLUTION

PostedOn: 2018-04-05 11:38:51

elow, we will explore some of the various ways in which a mobile CRM system can enhance the effectiveness of sales reps and customer service professionals. Sales on the go Your sales reps aren’t always at their desks. And neither are your prospects and customers. In sales, timeliness can be the difference between a new customer and a lost sale. Without a mobile app, your reps are stuck relying on their desktops or laptop to carry out their follow-ups and other sales tactics this method of selling isn’t always reliable or feasible. Accessibility needs to be a constant. With a mobile app, your sales reps can send out pricing guidelines, product information brochures, email blasts, and any other marketing-related materials directly from their mobile devices. This helps eliminate the need to deliver in-person resources and other methods of delivery which can be costly and time-consuming. Mobility will give your reps a quick and simplified way to reach out to their prospects and cust

5 Kinds of Software that can Dramatically Improve Your Blog

PostedOn: 2018-04-05 11:20:24

he idea of starting a blog runs through the mind of many youngsters who want to declare their independence and prove their capabilities.  Indeed, blogging sharpens your mind and helps you filter information, improves your writing skills and boosts your confidence, gives you the opportunity of meeting new people and making money, not to mention the fact that you will become an inspiration for many readers out there.  However, if you rely on your blog to earn your existence and increase your online notoriety, prepare to face disappointing times. Traffic is another important factor that you cannot overlook. You have to set the target audience because after all, you need to know who reads your blog.  In order to attract quality readers, you must create useful and exciting content, engage people and give them a compelling reason to return every single time.  Choose the right blog software Always keep in mind the fundamentals of blogging, which include:  Finding your niche Be

HOW CRM CAN IMPROVE SEO RESULTS

PostedOn: 2018-04-04 12:07:32

RM is meant to help businesses better understand and connect with their customers. The software stores information about customers from their names and contact information to their previous purchases and even their social media activity. Ultimately, this information helps sales reps perform their jobs exceptionally. Search engine optimization, most commonly known as SEO, is the practice and process of increasing the quantity and quality of traffic to your website through organic search results. These are two different things, so what would customer relationship management software have to do with search engine optimization? Believe it or not, these two can work closely together. Using a business’s CRM software can help your business develop strong SEO results. Before we get into today’s blog topic, let’s talk in detail about search engine optimization, since it is a topic that we don’t normally discuss in our blog posts. How Does SEO work? As mentioned earlier,  SEO is the

The Biggest Improvements to ERP Software in the last 5 years

PostedOn: 2018-04-04 11:20:42

n a world that is constantly changing, ERP software has also had to evolve to meet customers’ needs and stay competitive. There have been significant changes over the last five years with some being more of an improvement than others. Here’s a quick look at some top improvements to ERP software since 2013. 1. Giving companies the opportunity to move to the cloud Without a doubt, one of the biggest improvements to ERP software involves a company’s ability to switch to the cloud. There are several reasons companies have had such a positive response to the cloud. For example, it offers greater security by frequently testing for vulnerabilities and making certain data is securely backed up with a disaster recovery plan in place. The cloud also offers anywhere access to information by partners, staff, and customers and eliminates the need to purchase additional storage/server hardware. As a bonus, the up-front costs tend to be less expensive. In fact, in Panorama’s most recent 

How Can Data Science Improve Risk Management

PostedOn: 2018-04-03 13:02:42

nowledge is power, and more data can translate into more insights. Risk management has always been a matter of measuring. The process aims to quantify the frequency of loss and multiply it by the severity of the damage. Therefore, data should be at the core of it, primarily since every transaction generates data and metadata which can be included in models. Yet, to be useful, it has to be correctly selected, filtered and analyzed.  Implementation of data science in an organization requires a dedicated strategy to avoid sub-par results and information overload. When done correctly, it can offer a competitive advantage, insights and even new ways to tackle old problems.  In a nutshell, risk management through the lens of data science becomes the ability to transform data into action.  How Can Data Science Change Risk Management? Employing Data Science to evaluate risks is a cross-disciplinary effort. For a thorough analysis, it is necessary to have knowledge about the domain, excel

ERP in the Professional Services Sector

PostedOn: 2018-04-03 12:03:57

any professional services companies may not have even heard of ERP or may assume that ERP systems are only suitable for manufacturing companies. Though it is true that most ERP vendors initially developed their products for the manufacturing sector, these systems actually offer an excellent range of functionality that can be deployed into professional services companies at a very affordable cost. These services companies may be dismissing systems that could be perfect for them and allow greater integration of their company’s functions. Professional services companies have a separate set of requirements to manufacturing companies. However much of the core functionality of ERP systems, such as Finance, Human Resources and Purchasing, is common to all types of businesses. While ERP systems in the manufacturing sector would focus heavily on the planning, development, and production of a physical product, ERP systems can aid professional services companies in planning and developing proj

MUST HAVE ERP FEATURES

PostedOn: 2018-04-02 14:03:53

et’s begin with a brief overview of ERP software. Enterprise software assists businesses of all sizes and in all industries with managing and automating day to day business activities. Those activities can including manufacturing, accounting and project management. Because ERP helps employees with tedious tasks, it is important to know what the software offers those who use it on a daily basis. Cloud and On-Premise Options Both options are truly based on what works best for your company and its employees. Cloud ERP provides flexibility of use. It is hosted by your vendor, so there is no implementation cost or process. You have the ability to access it through any browser of your choice, in any location. All you need is wifi access and you have enterprise resource planning software instantly. This makes it easier for employees who may work outside of your company office. On-premise enterprise software is all installed and used in the house. This version of the software has a larger

How could mobile phones be more useful

PostedOn: 2018-04-02 12:55:25

t seems that just about every single man, woman, child and their dog has a mobile phone. It doesn't matter what country I have visited, every person seems to have a quite powerful computer in their hands.  Most of the time those powerful computers, which are more powerful than the computers used to send men to the moon, are used for naught more than playing games, watching cat, dog, and baby videos as well as messaging each other about the understood cat, dog, and baby video.  The question I have is, what can be done to make these powerful tools more useful? However, that is probably a very dumb question to ask because the average person doesn't even use a typical laptop or desktop to its full potential.  There are, of course, a lot of programs available for these mobile computers which can make voice calls. As the saying goes, something you want, anything you can dream of, there is an app for that. It is pretty much true as well as you will find if you go to the application store

ERP, Supply Chain Reduce Healthcare Tools and Supply Spending

PostedOn: 2018-03-31 11:49:51

ealthcare organizations need to add ERP and supply chain solutions to their IT infrastructure to keep track of tools and supplies. down track of supplies and medical tools is an unacceptable reality for healthcare organizations. However, adding advanced supply chain management and enterprise resource planning (ERP) solutions to health IT infrastructure can reduce costs associated with medical tools and material and increase patient satisfaction. Forty percent of healthcare organizations stated that they have had to cancel surgical cases because of a lack of supplies, while another 69 percent reported that they needed to delay a case because of missing supplies, according to a recent Cardinal Health survey. Many organizations also reported expired products being used or that they have seen a patient be put in danger due to a lack of needed supplies. Many clinicians feel that supply management is complicated, which leads to clinicians hoarding supplies so they won’t be without or w

MUST HAVE CRM FEATURES

PostedOn: 2018-03-31 11:35:02

ustomer relationship management software is designed to help strengthen the bond between a business and its customers. Through consistently updating the software with customer information such as their name, address and each time they make contact with your business, you can learn exactly who your customers are. While CRM software is extremely important, you may never get the most out of it if you are not familiar with the ins and outs of the software. QuickBooks Integration OnContact CRM software has the ability to integrate with QuickBooks. If you are not familiar, QuickBooks is a popular accounting sosolutionor small and mid-sized businesses. It gives you the ability to manage bills, record and create recurring payments, creates checks and pay multiple vendors and bills at the same time. With this integration you can eliminate double data entry, granting you more time to be productive at work. You also have the ability to view customer information alongside financial dat

Is Your Business ERP Ready For Industry 4.0

PostedOn: 2018-03-30 12:54:45

n a business environment of increasing competition, growing markets and rising customer expectation, it’s not going to be enough for manufacturers to simply maintain the status quo. Industry 4.0 encompasses the current trend of automation and data exchange in manufacturing technologies, including IoT, cloud computing, and cognitive computing. Enterprise resource planning (ERP) vendors and resellers are developing solutions that are Industry 4.0 ready. This follows an expectation of a boom in Industry 4.0 technologies as well as an increase in manufacturing processes that embrace the principles of the fourth industrial revolution. So what makes Industry 4.0 so crucial in relation to ERP systems? Through the digitization of products and the processes that create them, a production environment that’s far superior, far more connected, and increasingly more efficient can be developed. What does your current ERP software architecture look like? ERP software acts as a central managem

The Significance & Benefits of Mobile Apps for B2B Marketing

PostedOn: 2018-03-30 11:55:10

obile has penetrated all spheres of our lives. With almost all business verticals embracing mobile to garner customer attention and generate more revenue, the world of B2B marketing is no different. From personal marketing and traditional paper-based ads, the techniques of B2B marketing has greatly evolved to change its fundamentals. The old-school marketing methods have now been replaced by what we surprisingly call Mobile Marketing. But how? Let’s comprehend it through a brief B2B marketing history.  The B2B Marketing Story  Several decades ago, business-to-business marketing was direct and personal. People acquired customers by selling their products locally because going global was synonymous to dream in those days. Then came the concept of mass marketing communication that allowed businesses to target a wider customer base bypassing the market segmentation approach. Omnichannel Presence & Wider Customer Reach:  With the ever-growing use of mobile and mobile applications,

How To Prepare For Your First Cloud ERP Implementation

PostedOn: 2018-03-29 11:27:54

reparation for a cloud ERP implementation, also known as system planning round, represents a first-principle when it comes to any successful technology implementation. While there are some digital platforms that involve little or no effort during a system spin-up, unfortunately, the setup of an ERP system doesn’t happen to be one of them. There are a host of reasons for this assertion, but most of them come down to the fact that user confidence must be paramount once an enterprise switch is flipped, and the system begins to wind around and through most, if not all, internal business processes. As a result, we thought we’d thrash out some of the more critical prep steps in order to give you a better sense of what you’ll have to think about in the real world. Here are the big five: 1. Soup-to-nuts process analysis The implementation of a cloud ERP system offers an opportunity to catalog and investigate business processes from the ground up since by their nature, these element

What are the 6 Main ERP Components

PostedOn: 2018-03-29 10:56:31

nterprise resource planning (ERP) software is much the same. Your ERP system can be jam-packed with innovative and intuitive features, but if it doesn’t have one of the main components, it’s simply not worth it. So while you’re evaluating ERP vendors, make sure that they have each of the six main ERP components. And if they don’t, look elsewhere. What are those six main ERP components? Well, we’re glad you asked: 1. Human Resources Managing your employees should always be priority number one. Without them, you don’t have a company. Your HR ERP component should be able to handle the full spectrum of employee management, from onboarding to offboarding, and from benefits administration to timekeeping. The biggest feature you need from an HR component is payroll software. Manually submitting payroll and issuing direct deposits is incredibly time-consuming and, frankly, not worth your time. Instead, an HR component automates payments, including tax and benefits deductions.

5 Reasons Why Cloud ERP Wins the Federal Government in 2018

PostedOn: 2018-03-28 12:14:03

loud-based enterprise resource planning (ERP) solutions are poised to win inside the U.S. federal government in 2018 because of a mix of policy and technology changes. Legacy federal applications, especially ERP, aren’t aging gracefully and are in need of an upgrade and, in many cases, outright replacement.  Here are five reasons why cloud ERP is poised to win in the federal government sector.  1. The MGT Act and the Move to Shared Services It’s well known that federal government IT is is movingly. Legacy systems, including ERP, have a much longer lifespan than they would in a commercial organization of the same size. authorizes each federal agency with a chief financial officer to establish an IT system modernization and working capital fund to improve, retire, or replace existing IT systems and so enhance security and efficiency. The fund also aims to help transition legacy IT systems to the cloud and other innovative platforms and technologies.  2. Recent Natural Disaster

7 CRM Integrations Process

PostedOn: 2018-03-28 11:42:17

ustomer relationship management (CRM) solutions are pretty dull and commonplace for many people. But, as we enter 2018, some CRM implementations and product offerings make you just go.  1. Salesforce–Google Cloud Integration  Even with their work with analytics and artificial intelligence (AI), Salesforce and Google recently announced an integration between their two platforms. The amalgamation means that Google Cloud becomes the preferred public cloud for Salesforce regulars. There’s also integration between Salesforce CRM and G Suite. Such an integration also speaks to the evolving infrastructure requirements that enterprises have for today’s cloud CRM solutions. 2. No Cortana Integration with Microsoft Dynamics 365  Voice integration with data-intensive applications such as CRM or business intelligence is becoming a trend to watch with the launch of Amazon Alexa for Business. Flying in the face of it all, Microsoft recently announced that it’s dropping plans to int

5 Tips for Designing an ERP Training Program That Works

PostedOn: 2018-03-27 13:20:37

fter months of research, planning, and preparation, you’ve decided to implement a new enterprise resource planning (ERP) system. Promising, exciting, and positive changes are on the horizon but first comes the training.  1. Create Clear Expectations in Advance  Start by clearly defining your expectations for your ERP training program. Then, determine the desired outcome prior to beginning that training. How do you decide what these outcomes are? Start by speaking with project managers. Evaluate business data. Determine which employees will require special training for specific ERP modules. Gathering this information helps you determine the direction of your training program and target that training for your staff.  2. Involve All Your Employees   Some of your employees will use the new ERP system more than others, so it’s important that you involve all your employees in the training process. When everyone at your company has at least a baseline understanding of the system,

CAN CLOUD ERP INCREASE PRODUCTIVITY AND REVENUE?

PostedOn: 2018-03-26 12:21:44

e have discussed the differences between on-premise software versus software that lies in the cloud on our blog before. There are pros and cons to using both. It truthfully all boils down to personal preference and which style works best for your company culture. We don’t want to push or pull you in any specific path when it comes to the type of ERP software you are looking for, but when using the software you want to get the most bang for your buck, so we want to give you as much advice as possible. What are some of the things that a company needs most from its employees? Productivity is probably very high on that list. Goals and deadlines have to be met on a daily basis from those in high executive positions to those just beginning their professional careers. Reaching those goals ultimately helps with overall company revenue, which is also important to a company. Everyone acts as a small part to create its whole. Enterprise resource arrangement software helps to accomplish those g

A successful ERP project features three key phases

PostedOn: 2018-03-26 11:56:47

RP projects have never been easy, but they are becoming more complicated as the market for offerings matures. Increasingly, companies are tackling a blend of on-premises and cloud environments and the expectations of customers about what an ERP project should cover are only getting more extensive.  So how to go about choosing a vendor? Ultimately, that choice depends heavily on the range and depth of the rations that a company draws for its ERP. The range can speak to the extensibility of a solution platform, while the depth represents the ability of the ERP project to satisfy industry-specific or unique requirements.  The right partner is also critical for making or breaking an implementation. It can also shorten a sponsor’s tenure at an organization.  An ERP project typically falls into three distinct phases:  The launching of the project requires the collection of requirements: A firm needs to build some understanding of the ERP marketplace and assess organizational and pro

The Future of ERP Starts with Industry 4.0

PostedOn: 2018-03-23 11:32:28

he common impression that many have of enterprise resource planning (ERP) is based on the early functions of the systems. For example, an early function included manufacturing resource planning, which was designed to tackle a specific business process such as managing the mass production of standardized goods on assembly lines. ERP was initially based on industry and manufacturing and geared predominantly to mass production, an inflexible process that limits the variety of products available to consumers. With mass production, the products produced on one production line are identical, making it very difficult to introduce variety and range to satisfy diverse needs. This type of manufacturing was in direct opposition to customization, a more expensive proposition. Mass production lends itself to only a limited amount of customization, and only when the customer is willing to make it worthwhile for the manufacturer/producer. A minimum order threshold needs to be reached for a new lin

Essential Web Design Tips for 2018

PostedOn: 2018-03-23 11:02:04

eb design is a fast-moving field. If web developers don't make a conscious effort to stay up to date with the latest developments, then they will struggle to remain ready for action. Outdated web design practices will stand out and will reflect poorly on the designer responsible. It is amazing how quickly a new trend can become a standard design practice. therefore, a website can very quickly become outdated if it is neglected.  For website owners who are looking to make their sites stand out this year, there are a number of trends you should be aware of. Originality is important, but you must also make sure that your website is intuitive to use and meets visitors likely expectations in terms of quality features and optimization.  The following web design trends are among the most important for web developers to be aware of. If you want to demonstrate to visitors to your site that you are mindful of current trends, then these are the markers that they will be looking for. Mobile-

SOCIAL MEDIA MARKETING HOW CRM CAN HELP INCREASE YOUR ONLINE PRESENCE

PostedOn: 2018-03-22 12:38:10

n order for businesses to succeed, they have to adapt to the latest ways of advertising, marketing, and branding. Keeping a watchful eye on the newest marketing trends can give your business a boost because trends are around at least for a season and if you’re lucky, trends become staples. Being able to try something new to market your business requires valor and a willingness to take a risk. A Crash Course on Social Media Marketing So what is social media marketing? Let’s explain. Social media marketing is a form of internet marketing involving creating, sharing and curating content on social media networks to achieve a business’s specific branding and marketing goals. The social networks that tend to be used for marketing and branding are Twitter, Facebook and LinkedIn, just to name a few. Creating a Social Media Strategy Taking social media lightly isn’t a thing for businesses. There are end goals that they want to achieve and it can only be done by creating a plan for

Here Is How Businesses Are Using Block chain for ERP

PostedOn: 2018-03-22 12:17:41

he blockchain is having quite a moment, having emerged from its prior position as an underlying architecture supporting cryptocurrency transactions into an incredibly hyped technology that industry analysts predict could be applied to a variety of use cases, including contract management, real estate transactions, and the supply chain. Businesses are beginning to evaluate how they can apply blockchain successfully to their enterprise resource planning (ERP) platforms to improve the accuracy, efficiency, and transparency of transactions. Here’s how companies are already using blockchain with their ERP systems and what it might tell us about where this hot technology is headed.  Blockchain, ERP, and Supply Chain Transparency  Because blockchain is, in essence, a mutually distributed ledger of transactions, it’s not difficult to see how it could play a role within an ERP system. Major ERP system providers are already taking note, beginning to experiment with blockchain within thei

RED FLAGS IN YOUR ERP IMPLEMENTATION PROCESS HOW TO SPOT AND FIX THEM

PostedOn: 2018-03-21 11:44:50

s we mention often in our blog posts about enterprise resource planning software, it is a complex system designed to help businesses manage their day to day business activities. Those activities include accounting, manufacturing and project management, just to name a few. With a software that essentially helps run a business, the implementation process is crucial. When implementing ERP software, all businesses hope for a smooth process, and it’s possible to have that so long as research and a watchful eye are always involved. Speaking of being watchful, let’s get into what today’s blog is all about red flags during the implementation period. Continue reading as we discuss potential causes for concern, how to avoid or fix them during this pivotal process.  1: Not Following Your Set Implementation Schedule   No matter the implementer that your business chooses to work with, a set schedule should be put in place in terms of when the implementation process should begin and end.

ERP Strategy When is it Time to Upgrade?

PostedOn: 2018-03-21 10:59:16

n important part of your company’s ERP strategy should be to regularly measure the effectiveness of an incumbent system against alternative ERP solutions. If there is sufficient evidence suggesting the system is underperforming against the alternatives then it is almost certainly time to consider upgrading. The first factor to take into account is the length of time your system has been installed. Many analysts recommend upgrading an ERP solution after five years, especially in a small business environment. They argue that although the software will still meet your original business needs, you won’t have access to improved code or the latest business intelligence improvements. Your ERP upgrade strategy should take into account any functional limitations your company is currently experiencing. For example, older systems can have difficulty dealing with online integration and more recent engineering concepts. Additionally, older systems may not be able to properly handle collabora

HOW TO BEST MARKET A RETAIL BUSINESS

PostedOn: 2018-03-20 11:22:44

hether you work in retail or are a consumer, the retail business is one that most of us deal with on a weekly or even daily basis. Marketing in the retail realm has changed over the years thanks to the online shopping takeover. Consumers mostly know what they are looking for and marketers often have trouble trying to encourage shoppers to purchase things that are not on their shopping list. An additional problem is being stagnant when you do begin your business. It is a tricky market and being ahead of the curve is essential. Marketers have to learn the ways to best market to their audience, but how?  What is Retail Marketing?  Before we get into the ways to best market with the retail world, let’s give a quick description of what exactly retail marketing is: Retail marketing is the process by which retailers promote awareness and interests of their businesses and the products and services they provide all in an effort to generate or increase sales from their customer base.

4 Data Management Practices That Improve CRM Performance

PostedOn: 2018-03-20 10:53:39

usinesses spend thousands of dollars on customer relationship management (CRM) solutions. Seeing a positive return on investment takes time, especially when your workforce hates using your CRM solution of choice or doesn’t update customer data regularly. With current CRM solutions spanning multiple departments, there is no shortage of ways to handle your data management practices to improve your CRM system’s performance. You may think of enhancing data management to increase the number of prospects you get and the percentage of conversions. You can also use some of the suggested practices in this article to help with marketing communications, improve the speed at which your organization can fulfill product orders, or increase quality in support of your business.  Data Management Strategies  As the first step in better managing your company’s data, assess and improve your strategies for seeking and developing additional business from among your current customers. Look to impro

How to achieve a healthy, balanced relationship with your ERP provider

PostedOn: 2018-03-19 12:28:30

bserving the enterprise software market today is like observing a major relationship crisis where one side is failing to listen to the other. It appears that suppliers are unrelentingly pushing their customers to move to the cloud. Their customers want to move to the cloud too, but not to rip and replace their perfectly functioning back-office systems of record. From the customer perspective, the cloud may be more suited to their datacenters or infrastructure as a service (IaaS) or platform as a service (PaaS), but not necessarily their ERP applications or SaaS systems of engagement that extend the reach of business processes and functions to employees, customers and partners. That is a very big ask and an enormous unplanned cost that is not budgeted and won’t be any time soon. These forced strategies are leading customers to realize that their relationship is in serious trouble. However, with the right actions, it is possible to regain a healthy balance in your supplier rela

What Will 2018 Have In Store For ERP

PostedOn: 2018-03-19 12:01:07

he data highlighted a growing need for companies to adopt a simple solution to improve efficiency and workflow for employees who rely on computers to access business systems. 2018 should bring with it an increase in awareness of mobile ERP solutions so that all employees can enjoy some level of quick and easy access to core functions appropriate to their job from any mobile device. Here’s what else we can expect to see as the year progresses:  1. Cloud ERP  Cloud ERP will continue to make gains, although vendors that are choosing to go all in with cloud are pushing customers away. They may even experience a backlash, with some customers insisting on on-premise and switching vendors if they can’t accommodate.  2. IoT  ERP systems will increasingly be hooked to IoT, tapping into data from systems such as Manufacturing Execution Systems (MES) that have machine efficiency data and other big data harvested from sensors for analysis purposes.  3. Social  Virtually all ERP sy

Three things you are doing wrong with security

PostedOn: 2018-03-17 12:50:07

ith information security, we like to think that everything is locked down and in check. Systems are resilient and will hopefully withstand an attack. The truth is that you never really know how resilient your systems are until they’re fully scrutinized by an attacker or security professional performing a formal vulnerability and penetration test. Odds are that your security is not as good as you think it is. 1. A serious lack of software patching.  Let me be clear, I don't envy anyone in charge of keeping software up-to-date in a business environment. I shudder at the thought. That said, missing operating system patches for Windows, Mac OS, and Linux along with updates needed for third-party software such as Adobe Reader and Java contribute to what could be the majority of malware infections, incidents, and complete breaches. I see many people attempt to address software patching using free tools from Microsoft but this is an area that you definitely get what you pay for. Further

ERP And The Food Industry

PostedOn: 2018-03-17 12:09:32

he food industry has often invested in technology for an edge. In the 19th and 20th centuries, bananas drove the advancement of cooling technologies. Tea led to the development of faster ships, the famous Clippers that raced between East and West to get the best tea prices.  The modern food industry remains at the cutting edge. Modern food and beverage companies have to be very flexible to stay competitive from disease and food hygiene to a new set of laws and taxes to evolving customer tastes to even nature’s temperaments, it’s a dynamic market. A dynamic industry Food companies face the general challenges of manufacturing, but also experience more nuanced impacts. A steel manufacturer might get away with a product that is not quite the same color, but an off-color peach or inconsistent-looking milkshake will immediately turn off customers. This is why banana companies invested so much in cooling and shipping: even though a brown a banana is perfectly fine, nobody will buy one

Five Ways to Harden Mobile Security

PostedOn: 2018-03-16 13:10:28

usinesses have risen to the challenge of securing enterprise resources and handling bring your own devices to a point. Enterprise mobile security has come a long way, and gone is the wild West where any employee could cart corporate data off-premise without oversight or protection.  With that in mind, here are five ways you can get more proactive with mobile security in your enterprise.  1. Invest in Employee Knowledge  The people in your organization can be your biggest asset or biggest weakness. Most security breaches come from employee mistake, especially on mobile devices. So the first step is helping employees understand what’s safe and what is not.  Most people know to call their credit card company when they lose their wallet, but many people take it as just a personal tragedy and fail to report a lost or stolen mobile device even if it has corporate data on it.  2. Set and Enforce Mobile Device Policy  Many businesses now have BYOD policies, but often they go unenfo

How To Ensure A Tactical Financial ERP

PostedOn: 2018-03-16 11:04:57

f you are overseeing a financial ERP implementation, upgrade, or reengineering project, you have probably noticed a motif among the industry analysis. The top research firms advise you to think in terms of short-term versus long-term system goals. Between improvement and differentiation. Strategic advantage versus stable system of record. On top of all that, you are faced with technical differences between platforms. Cloud versus on-premise. Hybrids thereof. Whether you are deep-rooted in the implementation team or observing from the distance of the steering committee, do keep in mind industry trends and topics. These are crucial aspects of today's ERP. But in the method, don’t discount what you already know.  General Ledger   Can you produce your income statement and balance sheet using only the Natural Account in your chart of accounts? At month-end, can you close and reconcile within three days? Does the system produce reports for you that identify reunion items between

Eight Keys for Better ERP Training

PostedOn: 2018-03-15 11:50:56

RP systems are huge, complex and generally not the most user-friendly software. Cloud-based ERP has improved usability, but ERP still isn’t a simple affair.  Getting employees on-boarded and both properly and fully using ERP software, therefore, can be a challenge, and there’s no easy fix for this problem. With some best practices for schooling employees on ERP, however, the process can be made less painful.  With that in mind, here are eight keys for better ERP training. Key #1: Provide Anywhere Access to Training  To help make ERP training easily reachable, make sure you providing anytime, anywhere access to your company’s ERP training. This helps ensure that users automatically improves an employee’s knowledge of the system because he or she can get answers immediately when questions arise.  Key #2: Train to Your Business Processes  Educating human resources on how to use your ERP system is not enough. One mistake that many businesses make with ERP training is lean

CRM DOCUMENTATION WHAT IS IT AND HOW CAN BUSINESSES UTILIZE IT

PostedOn: 2018-03-15 11:27:37

hen introducing your business to a new software, it is important to be sure that they have both the time and resources to become acclimated to the new system. There are many ways to achieve that. Whether that is through extensive training done with your vendor or added online research, if your employees have no clue how to use software that will become a daily part of their work lives, money could be wasted and very costly mistakes now have the potential to take place.  CRM Documentation – What is it?  Documentation is a written text that accompanies software and/or products. The documentation acts as a guide, explaining to users how a product works and how to use it. CRM documentation is the exact same thing, but specifically for customer  How to Make a Documentation – A Cheat Sheet  When creating documentation there are general practices that you should follow. Let's cover them in an effort to make your documents as clear and concise as possible.  1.     Write just

Why People Are the Most Important Part of Your ERP Implementation

PostedOn: 2018-03-14 11:39:21

ne of the keys to a smooth ERP implementation are the people you involve to make it happen. Your business may have chosen a great software, but if the people involved in the process aren’t ready to change, your ERP achievement will not be successful. To ensure your ERP implementation succeeds, some of the key players you’ll want to involve are listed below  Executive Engagement Let’s start at the top. Every successful implementation project needs an engaged executive team. They must be ready and willing to take on the responsibility of ushering in wide-scale changes within the company. They not only need to commencement the project, they must also remain active participants. To get more granular, it’s important to have an executive sponsor for your ERP implementation. This person not only lends their voice to the project, they also actively support everyone involved in the implementation process. The executive sponsor will lead your company by displaying unwaverin

Five Surprising Takeaways from the 2018 ERP Software Report

PostedOn: 2018-03-14 11:14:46

oday we published our brand new 2018 ERP Software Report, which summarizes the results from nearly 300 recent ERP implementations across the globe. While the data tells a similar story to years past, it also contains a few surprises. We summarized and analyzed this broad data set to arrive at some conclusions regarding trends in the industry, challenges companies to face when implementing new ERP software, and lessons learned. This is the twelfth consecutive year that we have conducted the annual study. Some results are not surprising to those of us that have been in the industry for a while. Others were a big surprise to the Panorama team and me.  1. Cloud ERP software adoption may have finally reached a tipping point.  We saw a very large increase in cloud ERP software adoption this year compared to past years, with this year’s mix of SaaS and cloud deployments increasing to 85%, compared to 15% on-premise deployments. While this number may not be striking on the surface,

The 5 Hidden Economic Benefits of Cloud ERP

PostedOn: 2018-03-13 11:55:08

he cloud has been a major topic of conversation among manufacturers over the past few years. With good reason too: it has definitively proven its economic value. Obviously, the cloud offers compelling ways for manufacturers of all sizes to reap cost savings, especially when it comes to capital spend. But cloud ERP promises even more fiscal win falls that aren’t quite as obvious. Just consider the following:

5 Ways You Can Get More out of Your CRM Software

PostedOn: 2018-03-13 11:15:38

o you believe that you could be getting a better return from your customer relationship management (CRM) software investment? The reason you purchased a CRM solution in the first place was to reap the benefits of a centralized database to use during the many departments of your organization. Perhaps you aren’t taking advantage of some facial appearance of your CRM software; maybe your employees aren’t using the software to its full potential. Here are five tips to help you get the greatest return on your CRM purchase.  1. Update Your CRM Data  One of the first things you can do to get better value out of your CRM software ensures that the software is up to date, which may mean purchasing an upgrade to the latest version. Contact your CRM provider for the most recent updates relevant to your unique business needs. Updating your CRM software also ensures that you get the latest security updates. If you’re using a cloud-based CRM solution, you should be receiving the latest secu

Top Functionality Needs of ERP Buyers

PostedOn: 2018-03-12 13:17:21

RP buyers are primarily distributors and manufacturers across dozens of verticals (pharmaceuticals, food/beverage, industrial machinery etc.). While retail ERP is a large software market unto itself, few retailers contact us for advice on ERP purchases. Software Advice looked at 200 buyer interactions to highlight why companies want to invest in ERP systems, specifically. within distribution, manufacturing and food/beverage manufacturing.  Researcher Commentary One of the key benefits of an ERP system is that integration between modules (warehouse management, transportation management, order/inventory management etc.) enables full traceability of items throughout your supply chain. Our analysis uncovered the fact that the need to improve inventory tracking is a key driver of ERP purchases, with 22 percent of buyers citing the need to improve lot tracking specifically.  Key Findings Distributors are prioritizing lot tracking as a “must-have” feature, with 44 per

A Typical ERP Business Scenario to Explain Why ERP is Required

PostedOn: 2018-03-12 12:16:30

he very basic question to any beginners is why Enterprise Resource Planning also called ERP is required? To answer this, let's examine this typical business scenario. Suppose a client approaches sales team asking for a particular product. The sales team contacts to inventory department to check the availability of the product. To their surprise, sales team found out that the product is out of stock. Before we actually see in detail, what ERP is and how ERP can help in your business process, we will understand how different departments are involved in the whole business process, right from the ordering of the raw material to manufacturing goods to delivering final goods to the customer. Here is the whole process that is followed by any business unit. Client contacts the sales team to check the availability of the product Sales team approaches the Inventory department to check for the availability of the product The In case the product is out of stock, the sales team approaches

What Does 2018 Bring for Mobile App Development?

PostedOn: 2018-03-09 11:37:56

obile apps used to be considered just an optional addition to a company’s marketing strategy, but that’s not the case anymore. Given the fact that today mobile apps are one of the main ways to build brand awareness and increase sales, they have become a necessity when it comes to developing a business. And that’s not all! These apps have become part of our daily lives and we don’t even realize anymore that we use them for almost everything that we do. With that being said, we can only expect for these apps to become even more present in our lives. So here are five mobile app development trends for 2018:  VR and AR Apps  There’s no doubt that both Virtual Reality and Augmented Reality have really taken the industry by storm last year and will definitely continue to do so in 2018. According to Dot Com Info way, the total number of mobile apps with built-in AR capabilities will cross 1580 million in 2018. Maybe the main reason why these technologies have really taken over i

Six Hacks for Streamlining Your HR Software

PostedOn: 2018-03-09 11:11:24

e love complexity as humans. Keep it simple is not in our DNA. But complexity is almost never good, and that sure holds true for human resource software.  Complexity in HR software leads to inefficiency and underutilization. That’s bad for business.  Thankfully, the industry’s move to the cloud is changing that. Just as software for other industries and business functions has gotten simpler and easier to use as they systems have moved off premise, so too has HR software.  But that doesn’t mean things are simple enough; for many companies, there’s still the need for reduced HR software involvedness and simplify processes.  Over the past few years, businesses have seen an evolution of technology in HR work processes. By streamlining HR technologies and processes, businesses will reap huge rewards not only in cost-savings but also in productivity, employee happiness and happiness index. With that in mind, here are six ways you can streamline things.  1. Skip Best of Breed 

Report: Moving ERP to the cloud boosts productivity Sticking with on-premises enterprise resource pl

PostedOn: 2018-03-08 11:37:14

ticking with on-premises enterprise resource planning solutions instead of moving into the cloud may cost recalcitrant managers far more in lost productivity than it saves them in capital expenses.  That is the conclusion of a new report that highlights some of the overlooked benefits that can be realized in moving critical systems into the cloud. According to Michael Mandel, a senior fellow at the Mack Institute for Innovation Management at the Wharton School in Philadelphia, advanced tools that are part of cloud ERP can ramp up productivity in unexpected ways. Unlike a growing number of tech critics, who argue that smarter devices and software have done little to change productivity, The ongoing shift into the cloud is spearheading a new productivity boom that could add up to $2 trillion in gross domestic product growth over the next decade.  But for that to happen, advanced technologies need to be easily accessible and must be simple to adopt and use,  The cloud helps to address

A CRM that populates itself with leads Too good to be true?

PostedOn: 2018-03-07 11:36:26

s account based strategies grow in importance, sales and marketing teams increasingly rely on artificial intelligence to help them decide the accounts on which to focus their efforts. But there are a couple of key challenges that any account based approach ultimately depends on for success a robust data foundation and a flexible configuration to fit an established strategy. Account Scoring is the latest CRM product to emerge from Data Fox. It has been designed to help businesses to work out quickly and easily which clients to prioritize. Data Fox already has information on more than two million companies to help firms evaluate which companies to add to their CRM database and which to prioritize.  Data Fox has been harvesting company data based on a range of criteria, including firmographic, technographic and signals data.  Customers scores apply to all of the two million plus companies which Data Fox is following. This extends beyond AI scoring, adding an additional human element an

Best CRM Features for the Hospitality Industry

PostedOn: 2018-03-07 11:06:51

n the hospitality industry, customer satisfaction is top priority. Companies rely on feedback to determine the success of a invention or service and to indicate areas that need improvement. Customer relationship management  software helps hospitality businesses with tasks, services, and business processes related to customer relations, increasing customer satisfaction, and their likelihood of success.  There’s more to the hospitality industry than pricing, quality, and accessibility, however. These elements may be the core customer services, but many other factors exist, as well. CRM features and tools customized to the hospitality industry include:  Data collection Maintenance tracking  Interactive platforms Mobile access  Travel agency partnerships.  An essential tool in the hospitality industry, CRM helps companies meet and exceed customer expectations by enabling them to create and build real relationships with their clientele as well as provide what their custom

Cloud solution tackles simultaneous call recording and storage

PostedOn: 2018-03-06 11:19:09

all recording is becoming an essential piece in the overall VoIP universe. Larger organizations are faced frequently because of regulatory or legal demands with a need to record and store calls but will sometimes need to record and encrypt calls simultaneously, across an organization.  While call recording software has long been on the market, what is new is the capability to store calls in the cloud, particularly as they can quickly absorb memory on physical servers held on-site. Deploying such capabilities inside a VoIP system just got significantly easier, however, making VoIP a natural fit for such demands.  The VoIP Appliance has been designed with ease of use in mind: it is plug-and-play, any customer can be up and recording using the software in a matter of minutes.  The appliance provides the customer with encrypted, compliance-ready recordings. It is built to capture calls on any PBX, buffer the calls, encrypt them and upload them to the  Cloud. All calls are stored in th

What CEOs should know about ERP implementation

PostedOn: 2018-03-06 10:58:54

hoosing the right ERP tool is one of the most crucial investment choices to make for a business. Given the size of the outlay, it is also an important decision for you as a CEO. Picking out something for your organization, even if it’s from the stable of an established corporate software provider, will require a fair amount of deliberation. Everyone will tell you that you need a strategy to pick out the one that’s right, you’ll need the right resources to tailor and make to order it for your business, and that you’ll need a whole lot of time to get it embedded into your workflow. But is that all? Is there anything you need to know before you think about the right ERP for your company? Here are some things we think you should keep in mind before you make that decision: An ERP tool is a business Swiss army knife, but not a genie  The job of an ERP tool is to help you manage your resources correctly. It’s going to give you all the information you need to handle your busine

What Will 2018 Have In Store For ERP

PostedOn: 2018-03-05 11:43:36

t’s that time of year again where we take stock of what 2017 has presented us with and think about what might be in store for the next 12 months. Google’s 2017 in search data revealed how was the most popular type of question asked by internet users, as people looked for answers on how to offer help and make a difference. It’s been a chaotic year for many, and not just thanks to the extreme weather. This year, we surveyed 500 senior business decision makers in UK companies to find out just how mobile their businesses are. While 88 percent permitted mobile working, many staff in operations roles such as HR, customer service reps, and production staff rely on systems which leave them oftentimes chained to their desks with little chance of performing job functions from a mobile. The data highlighted a growing need for companies to adopt a simple solution to recover efficiency and workflow for employees who rely on computers to access business systems. 2018 should bring with it a

5 Cloud Computing Trends to Watch in 2018

PostedOn: 2018-03-05 11:20:32

e have seen cloud computing growing at an exceptional rate and nothing in this world can stop this. It is going to grow even higher. Saying that what cloud computing trends we should expect in the upcoming year?  While it might be hard to predict since there are many new features and changes, most of the cloud providers have already rolled out. More to that, the businesses of today are more vocal about what are their specific needs from the providers.   Since the businesses are more and more inclining towards this technology, let's have a look at the cloud computing trends that will be highlighted in this new year.   IoT Almost all the devices including cars, mobiles, and appliances are going to have an integral relationship with each other. Almost all IoT devices will be connected to the cloud to communicate with each other. And as the cloud landscape will grow further, more devices will be added to it.   While IoT has witnessed tremendous development last year, it is go

STRATEGIES TO GET YOUR BUSINESS IN THE DOOR

PostedOn: 2018-03-03 11:13:15

etting your business in the door is one of the biggest challenges in sales. Let’s take a look at some strategies to help make the job of your business development specialist a little easier. Seek to Understand We need to stop thinking about sales in terms of what we need, and instead, put ourselves in the shoes of the prospect. This individual is likely very busy and doesn’t have a lot of time to waste the last thing they want to do is set up a time to talk with a business development specialist about a product or service. you need to be able to show them the value of what you’re trying to sell. You need to know that there’s going to be a return on investment, that the product or service is going to truly benefit the prospect. Once you have all of these considerations in order, you’ll be in a much better position to actually get in the door of the prospect and start building a relationship. Establish Yourself You can’t get in the door if you’re unknown. When you fee

Six ERP Data Best Practices

PostedOn: 2018-03-03 10:51:11

RP systems are first and foremost a storehouse of company data. They are the system of record and the nerve center of a business. A good ERP system, properly deployed, helps almost every business function from procurement and logistics to creature resources and deliberate planning.  Much of ERP’s value depends on good data governance and management, though. There are efficiency and competitive advantage when data within ERP systems is managed properly and inefficiency and missed opportunities when it is not.  Managing ERP data properly is thus of prime importance. Here are six best practices for managing data and getting the most out of your ERP system.  1. Take a Holistic View  Silos can be a huge issue for proper data governance, especially in light of Europe’s new General Data Protection Regulation (GDPR) that goes into effect later this year. Properly managing and syncing data without duplication requires a holistic view that gets beyond the silos and maps out how data i

Structured Product Development and Management of Product Information

PostedOn: 2018-03-02 11:46:11

here is a constant and relentless challenge to innovate and introduce the next range of products to the market along with the expected digital assets to support the sales and marketing activities of both the company their channel partners, and their customers. planned product development is key for industries which are driven by seasonality where a high percentage of new items are launched or released on a seasonal or more regular basis. The lifecycle of these products is relatively short from thought to launch to retirement and obsolescence.  Some companies may not have a defined structure or process for product development. A structured come close to may be required as a company grows and the responsibility for product development moves beyond a relatively small group of people, and as the number of stakeholders involved increases. A structured product progress process allows an organization to establish a consistent approach to product development which can be implemented, review

The ERP Failure Factors

PostedOn: 2018-03-02 11:16:09

he definition of failure is a bit fluid but certainly means the projects did not reach their objectives. At the extreme end, the new systems did not work in any meaningful way or the cost overruns were 100% or more. This level of failure must be daunting to any institute planning to renew or replace its ERP systems. So the choice is the key because some systems are better at particular aspects of ERP than others. For example, manufacturing, giving out and supply chain or the provision of services all have different needs and some vendors specialize in the matching functionality. For enterprises in specialized sectors the needs and the emphasis may be quite different from their counterparts in middle-of-the-road business and selling services differs radically from products. In conglomerates and multinationals, what suits head office may not be suitable for certain subsidiaries. But in any context, ‘better’ has to be the judge of the users and management and suitability for the part

3 KEY BENEFITS OF CRM AND ERP INTEGRATION

PostedOn: 2018-03-01 11:33:12

f you’re looking to streamline business processes and boost productivity, consider integrating your enterprise resource planning (ERP) and customer relationship management (CRM software) systems. Doing so will help remove data silos in your organization and optimize operations to enhance efficiency. Let’s take a look at three remunerations of merging your ERP and CRM software.  1.     A 360-degree view of your customer How well do you know your customers? One of the biggest advantages of CRM and ERP integration is that it gives you a complete view of your customer. From prospect to sales and support, to investment and accounting, together these systems provide complete visibility into your customers’ needs, buying habits, order history, preferences, account standing, etc. Not only does this knowledge give you better insight into your customer base, it can help you build lasting relationships with customers and resolve where there is potential for future growth. It can e

5 Tips for Using CRM to Deliver Better Customer Service

PostedOn: 2018-03-01 11:24:49

he information sitting in your customer relationship management (CRM) system is worth its weight in gold. Unfortunately, too many organizations use this in rank only during the pre-sale phase of the customer life cycle. The body of data in your CRM system is one of the most valuable tools you have and could have a significant impact on customer service levels, customer retention, and future sales.  1. Live Collaboration  When it comes to solving customer service issues, time is of the essence. For tough issues, you’ll want to put the best technicians on the case. The live dashboards and monitoring tools in CRM applications enable live sharing of chats, phone calls, email chains, and service documents across the whole team so that any new specialists jumping on the problem can get up to speed quickly. Documenting these issues and their resolution within the CRM system means that incidents can be saved and cross-referenced for any future problems.  2. Understand Your Customers 

4 ERP Security Issues That Can Easily Be Overlooked

PostedOn: 2018-02-28 11:25:41

nterprise resource planning (ERP) systems are designed to help companies maintain an efficient and consistent level of business operations. Formerly the job of numerous, disparate systems, ERP software integrates many tools into one, coordinating and maintaining the most important business-related tasks and financial transactions. With all these integrated programs and process, ERP systems require attention, not just for maintenance and updating but to ensure that attention is given to all security issues, even those that can easily be overlooked.  ERP software systems decrease the need for multiple independent applications, helping business improve the efficiency and effectiveness of their daily business operations. However, as ERP systems are so comprehensive and cover such a broad spectrum, system weaknesses, security issues, and vulnerability are inevitable. Here are four ERP security issues that businesses can easily overlook. 1. Weak Access Controls  ERP systems maintain som

5 Ways to Improve User Engagement with Your Cloud ERP Solution

PostedOn: 2018-02-28 11:11:46

oving to a cloud-based enterprise resource planning (ERP) platform as so many enterprises have brought with it new opportunities to improve user engagement, regardless of whether the cloud-based ERP application is replacing a legacy solution or is the first ERP solution you’re rolling out for your organization.  Here are five ways to improve user engagement with cloud ERP.  1. Create a Cloud ERP Road Map  If you’re making the transition from a legacy on-premises ERP application to a cloud-based solution, it’s important to create a cloud ERP roadmap to improve user rendezvous. You can break this roadmap down into quarterly or monthly feature releases depending on your ERP vendor, solution, and industry. Important information for the roadmap includes:  Feature documentation, including a short, descriptive snippet of the feature and links to citations and training (if available online);  Date the feature becomes available to users;  Planned integrations betw

4 Ways Today Digital Disruptions Affect Your ERP

PostedOn: 2018-02-27 11:07:13

digital disruption occurs when new digital technology changes affect the way businesses perceive the value of their current services and products. Digital disruptions can include the massive wave in the increase of mobile devices for work and special use. This phenomenon is known as the consumerization of IT and has raised the potential for digital disruption in multiple industries. The role of current enterprise resource planning (ERP) systems is to provide a scalable and flexible IT infrastructure despite the digital disruption. Modify Your Business Model to Survive in a Digital Economy  It may sound like a complete overhaul of your business, but you can make slight changes to your business reproduction by examining your current ERP operations. Keep any changes to a minimum, and use your existing resources. It doesn’t cost much to change a policy here and there. Processes should be evolving anyway. Use your ERP software to implement these changes: Don’t underestimate its powe

Big Bang Versus Phased ERP Implementations

PostedOn: 2018-02-26 11:42:20

he phrases big bang and phased are used to describe ERP strategies for introducing new systems into an organization. A big bang ERP implementation is typically used to describe a go-live or cutover scenario where a business switches from their old ERP system to their new system at a single spot in time. In contrast, a phased approach describes a scenario where fundamentals or modules of the ERP system are introduced in a planned sequence, replacing the old systems gradually. Many factors need to be painstaking when deciding on a go-live strategy. For example: Does the implementation cover a single site or multiple sites?  A big bang implementation on a single site is considerably easier to manage than a synchronized big bang across multiple sites. However, interdependencies between sites could dictate that a phased approach isn’t viable.  Does the implementation cover a single business or multiple businesses?  If multiple business units are involved then i

Getting More Value from your ERP System - Sustaining User Training

PostedOn: 2018-02-26 11:19:18

ost organizations recognize that good quality user training during an ERP implementation project is one of the key drivers that will ensure the expected project benefits are delivered. What is less commonly understood is the way that the benefits gained may start to erode over time, unless the training is addressed on an on-going basis. The typical training model used in ERP implementations is based on a train the trainer approach, where a selected group of key users are given system training by the ERP vendor. Each of these key users then provides training to their classmates. When done properly, this approach is well proven, usually keeps training costs down to manageable proportions and ensures that system knowledge is transferred, at least to the key users. After the system is implemented, the key users continue to be the source of training for new users and the people in the organization who are consulted when the business necessities dictate that the system might need to be