Have you ever thought about broadcasting a message or chatting within Acumatica? Biz-Tech Services has a solution.
Biz-Tech Services has developed a solution where users can broadcast a message or chat with other users in Acumatica.
Our solution allows users to enter a message or select from predefined messages and send it to all or selected Active/Online users.
Once the user receives the message, the sender would see on Notification Manager if the user got the notification and the recipient
can confirm the message back to the sender.
Acumatica vs. NetSuite: True Cloud ERP Technologies
Choosing the right ERP system for your business is important. With advances in technology, cloud-based ERP technologies are the way of the future. True cloud ERPs (ones that were built for the cloud) allow businesses of all sizes to take advantage of enterprise resource planning software. While there are multiple ERP options to choose from, most businesses typically decide between Acumatica and NetSuite. Here’s what you need to know about both of these ERP options to help you make your choice:
| Features | Acumatica | NetSuite |
|---|---|---|
| True Cloud | Yes | Yes |
| Deployment | Cloud, On-site, Hybrid | Cloud only |
| Mobility | All devices supported | All devices supported |
| Full Functionality | Yes | Yes |
| Export Type | Relational Database Export | Non-relational Export |
| Customization Framework | .NET and C# | Proprietary Software |
| Pricing | Resources Used Only | Resources and User |
| Scalability | Very Scalable | Very Scalable |
Cloud ERP Technologies
Both Acumatica and Oracle’s NetSuite are true cloud-based ERP technologies. What that means is simple: they were built specifically to work in the cloud. Unlike other ERPs and legacy software that was ported and reworked to have cloud functionality, both Acumatica and NetSuite were designed to utilize the power of cloud computing. The ERP software is accessed over the internet using a browser or a mobile app
True cloud ERPs provide a lot of benefits over other types of software including:
- Multi-tenant architecture
- No version locks
- Scalability
- Flexibility
Round Winner: Tie. Both Acumatica and NetSuite are true cloud options.
ERP Deployment
Once you choose your ERP, it has to be implemented and deployed for your business. This is where the differences start to come in between Acumatica and NetSuite. Because they are both true cloud ERP options, you can have simple cloud deployment with either choice.
But that doesn’t work for every business and some need on-site deployment (or a mixture of on-site and cloud). NetSuite only offers cloud deployment while Acumatica offers cloud deployment, on-site implementation, or hybrid choices.
Round Winner: Acumatica for offering multiple deployment options.
Features And Functionality
Choosing either of these options is going to give you access to most industry-standard verticals, with many functions within each category. These include:
- Financial Management
- Financial Planning
- Supply Chain Management
- Fulfillment and Procurement
- Human Capital Management
- E-Commerce and Retail
- Professional Service Automation
- Reporting
- Dashboards
- And More…
No matter which of these options you go with, you are going to get a fantastic ERP solution. They both integrate eCommerce, customer relationship management, business intelligence, and other core functionalities extremely well.
Small differences matter, though, and that may be what leads you toward one software over another. Inventory management, for example, is handled slightly differently in each ERP. With NetSuite, you can easily choose between different accounting methods including LIFO, FIFO, average, or group average. There are many options for Acumatica as well, but it is missing LIFO.
Perhaps a more serious difference is exporting. One thing that Acumatica handles extremely well is its relational database export. Being able to download your data in a relational format is important if you use other solutions for business analytics and reporting or plan on migrating data later on. This type of data export isn’t available with NetSuite so data migration can be very tedious (and expensive).
Round Winner: Again, both of these are fantastic choices for ERP software. If you have a very specific accounting need, NetSuite is the best bet. Because of their export functionality, though, Acumatica may be a safer choice.
Mobility
One of the greatest features of cloud-based ERP technologies is its ability to be accessed, implemented, and utilized via mobile apps. Both NetSuite and Acumatica do a great job with mobility. Neither ERP solution will require special apps to access or use and they are compatible with all devices.
Round Winner: Tie. Both options are great for mobile access.
Customization
Keep in mind that both of these ERP technologies were built in the cloud for a reason. Being able to configure your ERP to suit your business needs (and change them later) is a hallmark of cloud computing, and you are going to have highly configurable software with both of these options.
Customization is slightly different, though. If you need customization for your ERP, your developers will probably have an easier time with Acumatica. Acumatica was built with this in mind and was created with .NET and C#. Oracle’s NetSuite was created using proprietary software and tools which can make it hard to customize (or at the least get expensive to do so).
Round Winner: Acumatica.
Upgrades And Updates
Multi-tenant architecture is one of the main features that separate both NetSuite and Acumatica from other ERP solutions. Multi-tenant models are great because they allow a shared application (all businesses access the same software). This contrasts with single-tenant architecture where every business has a separate application and separate database.
With multi-tenant ERP technologies, all users will be able to constantly upgrade and update to the latest versions of the ERP software (whereas single-tenant options mean each company would have to be updated one at a time).
If an update is pushed out for NetSuite or Acumatica, you will be able to update your ERP software whenever you need to. The big difference is that Acumatica provides that option for free whereas NetSuite makes you pay if you want to update at a time of your choosing.
Round Winner: Both options allow for upgrading and updating, but Acumatica lets you pick the time of updates for free whereas NetSuite makes you pay.
Scalability And Pricing
Cloud software is made for scalability, and neither of these two disappoints. Acumatica and NetSuite are very scalable and can grow to meet the needs of businesses of any size. Even if you started as a small 5-person business and grew into a corporation with thousands of employees, both ERPs would grow with you.
Perhaps the major difference between these two ERP options is the pricing strategy. Both software packages are located in the cloud and you are charged based on the resources you use. NetSuite adds a fee for each user that you have. If you are a small or medium business trying to keep costs low, paying for both resources and users can quickly add up.
With scalability in mind, Acumatica has a pricing strategy that grows only as your business does. With NetSuite, you end up paying that same scaling resource-use cost as well as a fixed cost for the number of users you have.
Round Winner: Both are scalable, but Acumatica’s pricing options are cheaper than NetSuite.
Final Thoughts
Acumatica and Oracle’s NetSuite are both fantastic options for SaaS ERP software. Both providers offer excellent true cloud ERP technologies that will allow you to take care of everything from CRM and accounting to analytics and e-commerce. The differences lie in the small details, though. With relational database exporting, easier customization, multiple deployment options, and cheaper pricing, Acumatica is a great option for businesses of all sizes. If price isn’t a factor, though, NetSuite can perform much of the same; it will just cost more in the end.
Overall Thoughts: Acumatica 9.5/10, NetSuite 9/10
Here at Biz-Tech, we are certified Acumatica partners and can adapt a variety of ERP products to meet your organizations unique business needs, with full support throughout the implementation process. To see how our knowledgeable ERP consultants could help you take control, contact us.
Logistics And Supply Chain Management: SCM & Logistics ERP
What is logistics and supply chain management? What's the difference between logistics and supply chain management? How does SCM ERP and logistics ERP come into play?
The terms logistics and supply chain management have been used interchangeably for years. Most people say there isn't a difference between the two, and that supply chain management is logistics. To back that claim up, what we consider here in the United States as supply chain management (SCM) is actually known as logistics across Europe. Purchasing, logistics, handling of materials, inventory control and SCM have continuously evolved throughout the years. In the end, this caused many of these functional areas to intersect with each other.
The overlap of these functions has eventually blurred the line between definitions. While these two specific terms (SCM and Logistics) do have some similarities, they are actually different concepts. SCM is a concept that links multiple processes together to achieve a competitive advantage, while logistics correlates with the movement, storage and flow of goods, services and information within the supply chain.
What is Supply Chain Management?
Supply Chain Management (SCM) is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by supply chain firms to develop and run SCM in the most efficient and effective ways possible. SCM actives cover everything from sourcing, production, product development, logistics, as well as information systems need to coordinate these activities.
The end result is the combined efforts of a number of organizations working together as a supply chain that helps manage the flow of raw materials and ensures the finished goods provide value. Supply Chain managers work across multiple functions and companies to ensure that goods not only get to the end-user, but also meets all requirements. Logistics is a small part of the grand scheme of things in the SCM world.
What is Logistics?
Logistics is the process of planning and executing efficient transportation and storage of goods from the point of origin to the end-user. The goal is to meet customer requirements in not only a timely manner, but also cost-effective. Many organizations specialize in logistics, providing their services to manufacturers, retails and other industries with transportation needs. Large retailers and manufacturers typically run major areas of their logistics network. However, most companies outsource this function to third-party providers. When we think logistics, we think FedEx, UPS and DHL.
The two major functions of logistics are transportation and warehousing. Transportation management focuses on planning and optimizing the use of vehicles to move goods between warehouses, retailers and customers. This includes transport via ocean, air, rail and roads. Transportation management is an unsurprisingly complex process. This involves the planning and optimization of routes and shipment loads, order management, and freight auditing and payment, all usually done via a transportation management system software (TMS).
Warehousing, more commonly known as warehouse management, includes such functions like order fulfillment and inventory management. This involves managing warehouse infrastructure and processes. Most organizations deploy warehouse management software (WMS) to manage the flow and storage of goods. The majority of ERP vendors offer TMS and WMS modules with a more specialized approach to these specific needs.
Key Differences
Logistics management plays a vital role in supply chain management. Although the two are sometimes used interchangeably, logistics focuses on the moving of materials and products as efficiently as possible. On the hand, SCM covers a much more broad range of supply chain planning (SCP) activities, for example demand planning, sales and operations planning, and supply chain execution.
- SCM is a way to link major business functions and processes within and across organizations into a max-efficiency business model that drives competitive edge.
- Logistics refers to the movement, storage and flow of goods. This includes services and information inside and outside the organization.
- The focus of SCM is gaining a competitive edge, while the main focus of logistics is to meet customer requirements.
- Logistics is a function, or process, within a supply chain.
Logistics ERP And Supply Chain Management ERP
As organizations grow, they begin to recognize the benefits ERP has on logistics management and supply chain management processes. When it comes to managing business information, integrating systems and processes, and ensuring optimal operational efficiency, SCM ERP is king. Although logistics ERP and supply chain ERP are technically two different things, most vendors offer suites that are set up to do both out of the box. For example, Acumatica offers their 'Distribution Edition' which is a cloud-based ERP software that manages both logistics and supply chain activities. Going with a vendor that specializes in both, rather than one, makes life easier as you don't need to rely on two different software and can accomplish the needs of your organization in one suite.
Supply Chain ERP Integration
When integrating ERP with supply chain management systems, what's essentially being done is the supplementation of the SCM system by gathering information about company finances, sales and processes. SCM ERP integration comes with many benefits for distributors and manufactures, including:
- Streamlined Workflows: ERP software aggregates company data in one centralized database. When ERP is fully integrated to supply chain management tools, the need for double entry is reduced and workflows can be streamlined via automation.
- Inventory Optimization: When the SCM is supported with company-wide data, more accurate forecasts and inventory management is accomplished. Keep holding costs at a minimum, while protecting production schedules from disruption due to low inventory.
- Satisfied Customers: With the above in order, an effective supply chain ERP integration means organizations can produce high quality products quickly and deliver them accurately, and on time. These kind of performance boosts are likely to create satisfied customers who place repeat orders.
Logistics ERP Integration
ERP systems assist logistics management by reducing risks and company cost. Some of the ways logistics ERP can benefit organizations include:
- Inventory Management: With a centralized system in place, the data required for logistics management can be captured in one place. This includes orders, inbound and outbound sales, and deliveries. This allows companies to make more informed decisions and forecasts using historical data that the ERP software provides.
- Distribution Management: Manage flows and distributions effectively by gathering necessary information. The ERP system can manage the transportation of goods, ensuring customers and supplies receive products in a timely manner. The system also allows for live communication between drivers and coordinators, sending traffic updates, customer addresses, and emergency information.
- Reduced Costs: With accurate and real-time data that ERP systems provide, this allows companies to reduce monthly expenses, being able to make more informed decisions quicker and accurately. In some situations, cost savings can come from staff reduction due to how well ERP systems can manage logistic activities.
Acumatica Solutions
Distribution management is Cloud ERP software that helps companies manage their supply chain and logistics activities, including warehouse management, inventory management, and order management (sales and purchase orders). It integrates these activities with the company’s financials and sales. Wholesale distribution software can help companies improve customer satisfaction, reduce order times, and control costs across the entire supply and distribution chain.
Acumatica Distribution Edition includes Sales Order Management, Advanced Inventory, Requisition Management, Purchase Order Management, and Advanced Financials. It is fully integrated with Acumatica’s Warehouse Management System (WMS), Customer Relationship Management (CRM), Manufacturing, Field Service, and Project Accounting. Information only needs to be entered once for visibility across all modules and the entire business organization. Cloud access with the mobile application framework enables distributors to manage the entire sales cycle from opportunity to sales order processing in the office, on the road, or from a home office. Process purchase orders, transfer stock, and manage inventory levels remotely via phone, tablet, or laptop.
SCM ERP & Logistics ERP Impact
If ERP integration for logistics and supply chain management is a logical business move for you, it's vital to choose vendors that provide what you're looking for. As mentioned above, Acumatica offers an all-in-one ERP suite that puts logistics ERP and SCM ERP efficiency in your hands. Here at Biz-Tech, we're certified Acumatica partners and can adapt a variety of ERP products to meet your organizations unique SCM and logistics management needs, with full support throughout the implementation process. To see how knowledgeable ERP consultants could help you take control, contact us.
10 Common ERP Implementation Mistakes And How To Avoid Them
In our last post we discussed ERP implementation and briefly went over some common mistakes people make before, during and after the implementation of an ERP system. This post is going to cover those implementation mistakes in more detail.
Implementing an ERP system is a major undertaking. It's expensive, time-consuming and complicated for an IT department to take on. Unfortunately, potential delays and expenses are all too common. One of the most common questions we hear from organizations considering implementing an ERP for the first time is "how much is this going to hurt?" The simple answer is: It'll hurt. However, the more you and your organization prepare for it, the less of a burden it'll be.
The implementation of ERP is disruptive — rightfully so. Considering ERP solutions are capable of improving nearly every aspect of your business, impacting every single one of your departments and helping your business be more profitable. Good things don't come easy, and if they did, they wouldn't be very effective. It's essential that businesses are honest with themselves and accept the fact that it'll be a challenge. Prepare yourself for disruption and understand if that's something you're willing to accept.
That being said, here are the top 10 most common ERP implementation mistakes organizations make before, during and after implementation, and how to avoid them, in no specific order.
ERP System Mistakes: The List
Mistake #1: Improper Planning
Planning is arguably the most important part of a successful ERP implementation. Deploying an ERP system is going to affect every department in your organization, so you'll need a solid plan to tackle an ERP project. Most organizations don't do enough up-front planning, and this typically leads to confusion down the line which can delay and derail the ERP project all together. There's a simple solution to this: plan, plan again, then after you're done planning, plan again.
It's vital to think through the implementation of the new ERP system and establish your priorities. Having a plan in place will give you a good roadmap to follow, and will help you get back on track when you hit bumps along the way. In addition, businesses should assemble an ERP implementation team from departments across the company. Not only will this help the implementation of the ERP project move smoothly, but you'll have someone to turn to in each department to help put the new system into place.
It's also suggested that an internal audit is conducted of all current processes before selecting the ERP system to know where you stand.
Mistake #2: Not Weighing The Pros & Cons of On-Premise vs. Cloud-Based ERP
Before deciding between an on-premise and a cloud-based ERP solution, businesses should evaluate several factors. For example, a cloud-based deployment requires proper internet connectivity, subscription-type payments and comes with numerous benefits such as catering to remote employees. On the other hand, on-premise ERP systems require a dedicated IT staff, up-to-date servers and in-house hardware with large up-front fees, which is suitable for those who want to host the software on their own servers.
Software-as-a-service is quickly becoming the most predominate platform for new ERP implementations. SaaS may seem like the perfect solution for organizations who've experienced difficult implementations or have struggled to support their earlier ERP investments. While SaaS does offer solid benefits, clients need to understand that there's potential for new organizational challenges.
For example, SaaS cannot be customized to suit your business needs and users are forced to adapt existing business processes to the software. These process discrepancies can often impact integration with legacy systems, which can expand organizational change management concerns. Additionally, organizations with unique functional or industry-specific requirements will need a structure and approach to address necessary functionality which isn't provided by the new ERP system. This usually means you'll need to find work-arounds, third-party software or alternative means.
Mistake #3: Trying To Implement All In One Go
When implementing an ERP system, the single most important thing an organization can do to reduce delays is to focus on one task at a time. We know it may seem counter-intuitive, but you'll go a lot slower if you don't have priorities set, and are trying to do everything all in one go. We suggest starting with the features and departments that are most important to your business. Echoing above, planning ahead of time helps you identify which features are the most valuable for your business, and helps you understand that certain functionalities are dependent on others already being in place.
Mistake #4: Not Having An Active Load Testing Environment
The best way to see if your system is up to speed, and performing how you'd expect it to, is to run testing. Unfortunately, you won't be able to see accurate results based on a few test users. To really see if your ERP system is working as effectively as it should, you need to simulate your entire user load in order to see real-world effects of changes. Taking time to do proper load testing will not only speed up the implementation, but it will also better set your business up for success.
Kevin Herrig, president and CEO of GSI, an ERP software specialist with a primary focus on Oracle's JD Edwards products: "You won't be able to see the true results of your changes based on a couple of test users," points out Herrig. "You must be able to simulate your user load in order to see the real-world effects of changes and avoid costly unplanned downtime."
Mistake #5: Not Evaluating Your Needs
As obvious as it may sound, choosing the correct ERP solution from the start is very important. Sit down with the implementation team and evaluate what your business is doing well and what areas it needs improvement in. Think about where your business runs into issues: maybe it's inventory management, or maybe it's CRM (Customer Relationship Management). Whatever the answer to that question is, finding an ERP solution with features that suits your businesses needs will address these shortcomings. Additionally, keep your industry in mind when evaluating ERP solution vendors as there's tons of good small software companies that support industry-specific needs.
Mistake #6: Not Taking Time And Resources Into Account
Organizations grossly underestimate the time and resources required to implement a new ERP system. You're probably asking yourself how you can calculate implementation time. A rough estimate to answer that question would be to divide the cost of the ERP software by 100. For example, if the ERP software costs $50,000, then that would equal to approximately 500 man-hours, or roughly three months to implement the ERP solution using a certified consultant. Additionally, you may need to double those figures if you plan on implementing the new ERP system yourself with minimal professional assistance.
Mistake #7: Not Retiring Legacy Systems
The new ERP system that you implemented is more than likely a replacement, even upgrade, from your legacy system. It's important to make sure staff stops using legacy systems to utilize the ERP to its fullest capacity. Keeping legacy systems intact will not only cost you money, as you'll continue to pay for licensing, maintenance, and upgrades, but it will also undermine the effectiveness of the newly implemented ERP system.
"If organizations do not actively work to decommission applications during the implementation, the end result is an ERP with all of the original legacy applications hanging off of it," argues John Picciotto, principal, Application Modernization & Optimization at Accenture . "The end result is another piece of software that you are paying maintenance and support on, paying for hardware and upgrades, and paying for interfaces back into the core ERP," when the point of getting an ERP system was to streamline workflow and reduce costs and waste.
Mistake #8: Not Having A Maintenance Strategy
Like all tools, ERP systems need proper maintenance to function at optimal levels. Scheduling preventative maintenance can ensure the ERP system is fully taken advantage of, and will limit the chances of problems, which could end up costing organizations a lot of time and lost productivity down the line.
"Customers not conducting preventative maintenance are not taking full advantage of their ERP investment and their maintenance dollars," states Marco Valencia, vice president, Upgrade Office, North America & Latin America, SAP America. "By not applying maintenance, their systems will quickly become obsolete (from a technical perspective) as will their business processes." Moreover, he says, it is important to "keep the kernel up-to-date, with the right legal changes applied to prevent potential problems," and with improvements in installation technology, customers now experience only limited disruption when implementing support packs.
Mistake #9: Improper Training & Change Management
As emphasized before, implementing an ERP solution, like all big changes, will be disruptive, and there will be bumps in the road. Having an unprepared staff and not given them sufficient training on the new ERP system is one of the most common reasons ERP projects ultimately fail. Additionally, it can make employees hate the new system because they don't fully understand the point of the system, or how to use it. It's important to make sure staff has a chance to become comfortable with the new system before it launches. Communicating with staff members, and providing adequate training, will drastically improve the implementation process.
“Change management is an absolute requirement when implementing a new ERP solution,” states Jeff Carr, founder and CEO of Ultra Consultants, an independent research and enterprise solutions consulting firm serving the manufacturing and distribution industries. “The ability to effectively manage change may very well be the most important skill that executives, managers and employees need to master. Business transformations through ERP will not take place without effectively managing change across three key organizational areas: people, process and technology.”
“All too often, organizations look only at the IT technology to unify, streamline and simplify business operations,” says Akhilesh Tiwari, global head of enterprise application services at Tata Consultancy Services. “While processes and systems require deep analysis, the people factor needs as much careful consideration and strategic planning as the rest. This is even more critical during a cloud ERP migration.”
“SaaS solutions bring the promise of configurable business processes and more intuitive user interfaces than prior ERP software offerings,” says Frey. “This often leads organizations to assume that organizational change management and training are less important for SaaS projects.” However, “SaaS solutions place greater burdens on clients to adapt current business processes to the software.
“To avoid rework and ensure that end users thoroughly understand the changes that will occur upon go-live, organizations should identify necessary process changes early in the implementation project,” Frey recommends. “Additionally, end-user training must consider not only the transactional aspects of a user’s role but also the changing interaction with other users and with systems not part of the new solution. By delivering appropriate, timely training, users are likely to accept the new system at a faster pace and with greater success.”
Mistake #10: Underestimating Accurate Data
Garbage in equals garbage out. It is essential to ensure the new ERP system is set up with accurate and clean data, which will minimize the possibility of errors, and ensure that proper procedures and parameters are in place. ERP systems are remarkable tools that can scale your business like you've never seen, but at the end of the day ERP systems can only function properly with data being fed to them. Setting the system up correctly from the get-go will create far less issues down the line. It's suggested to review all your data sources. By doing this, it may reveal informational gaps in existing data.
"It is imperative that proper programming and procedural parameters are put in place right from the start to minimize the likelihood of errors," says Martin Levesque, director of Professional Services, iDatix , a document management and workflow solutions provider.
Takeaways
Hopefully this will guide your business in the right direction when ERP implementation inevitably becomes part of the game-plan. Implementing ERP solutions are not easy, but there are people out there who are willing to help. Are you ready to start your ERP implementation journey without any mistakes? Feel free to contact us at 818-484-5004, email us at sales@biz-techservices.com or simply fill out the form below. Additionally, you can visit our home page for a list of services offered and ERP system solutions!
ERP Implementation: The Ultimate Guide to Success
Enterprise resource planning (ERP) solutions have the ability to unlock your organizations potential by streamlining daily processes, like financial management for example, and boosting client and customer engagement. However, several businesses are struggling to grasp the concept of not only how ERP solutions work and how the implementation of ERP is done, but they're also curious as to what benefits it would bring to their business.
The reality is that 55-75% of ERP projects ultimately fail.
ERP implementation comes with a price. Not only numerical figures, but time and energy as well. It's absolutely essential for your organization to research and understand the process thoroughly before jumping into an ERP solution blindfolded. Having said that, we've put together this extremely in-depth guide on steps you should take to avoid failure, as well as exercising the best practices for success. We'll also be discussing the benefits of such a solution with expert tips along the way.
What is ERP Implementation?
Before we get started, let's understand what the implementation of ERP actually is. It's the process of collecting data on current business practices, strategic planning, installing software, testing software, streamlining operational procedures, cleansing and migrating data, managing change, training users, going live and maintaining support. Implementation of ERP is just the first step, but it's not a one-time setup, rather a continuous process or life cycle. Organizations green-light ERP implementation for a plethora of reasons. For example, streamlining operations, reducing manual labor, improving customer satisfaction or unionizing business processes. Keep in mind, the implementation process, timeline and complexity is dependent on the number of modules being deployed, data conversion, customization required and project management resources available.
Benefits of ERP Solutions
It's no secret. ERP solutions are expensive. There's a high cost to implement the system and then further costs to maintain it. Yet, organizations and businesses seem to use ERP every day and continue to purchase new systems, further improving their existing systems. For many, this does not come as a surprise. Considering the implementation of ERP systems can make your business run smoother by unifying and protecting data, automating processes and producing easy-to-understand reports, it's a no-brainer. With these and many more capabilities, the benefits of an ERP solution in business can make day-to-day operations and long-term planning much more efficient.
Steps to Successful ERP Implementation
I. Planning
II. Installation
III. Data Transfer
IV. Testing
V. Training
VI. Launch
VII. Post Launch
I. Planning
The first step is to understand why your organization needs the implementation of ERP. Define the vision, scope and need of an ERP solution. Furthermore, you will need to assemble an implementation team that can communicate effectively, efficiently and has the knowledge and willingness to guide the project from start to finish. Team members need be chosen based on expertise and knowledge in relation to the task at hand, as they will be the most affected and the most willing to see the ERP implementation software succeed. The team should include the following roles:
Team members should examine and document existing business processes and map out how they flow from one department to the next. It's vital to identify common issues or errors, duplicated and redundant efforts and missed opportunities with customers. Understanding your existing business processes will help you set goals and objectives for a smooth ERP implementation process. Additionally, figure out key performance indicators and quantify your desired results. Also, Define the exact requirements you want in your ERP solution and put together a reasonable timeline and budget.
II. Installation
Installing ERP software is your opportunity to evaluate current operations and re-engineer business processes into standard operating procedures. Define which processes to automate or to keep manual, then design a blueprint of how new practices will flow. The responsibility of installing the ERP software and building the infrastructure is on the application developer. Be cautious, don't lose track of progress and keep a flexible time line. At the end of the day, you are responsible for your ERP implementation, not the vendor or consultant.
III. Data Transfer
The next step in the implementation journey is the transferring of data, or data migration. Many organizations store supplier, customer and physical asset records in databases that contain errors and redundant information. This data needs to be reviewed and edited accordingly to maximize accuracy and uniformity before the data transfer or migration even starts. All outdated information should also be removed at this time. Once the data has been verified and updated, the application analyst transfers the data to the new system. This typically involves implementing new databases, transferring data and mapping database fields between ole and new systems.
IV. Testing
Now is when the quality assurance test engineer comes in to test the ERP system. It's important to make sure that all functionality, interfaces and reports work in real-life situations and transaction data. Users should also validate that business processes are communicating correctly and accurately between departments. It's essential the ERP system is thoroughly tested before launch.
V. Training
This is the step that is going to consume significant time, energy and effort. Employees are expected to carry out normal day-to-day responsibilities throughout the process. How long this training takes fully depends not only on the size and complexity of the chosen ERP solutions, but also on the mentality your employees have about adjusted work flow. Prioritization of in-depth training provides opportunities for users to give feedback and for the implementation to act accordingly.
Communication between staff, team members and the vendor can decrease the likelihood of lost productivity after launch. Keep in mind that 56% of ERP implementations result in some form of operational disruption after launch, which is frequently attributed to insufficient training. However, there are vendors that also provide training to users and offer on-boarding support to make implementation efficient. Be sure to ask your vendor what type of support it offers as it may include classes, online learning modules or written manuals.
VI. Launch
Depending on the scale of the ERP project and available resources, organizations can choose three different approaches when going live and launching the ERP software.
All-Out: All users transition from the legacy system to the new one in a single day. This is the fastest and cheapest option, but be aware of technical difficulties as they can cause major operational problems.
Phased: Users transition by department or function. The implementation team members can improve the transition period with each department, but the process will take longer and integrating ERP modules individually can be difficult.
Parallel: Users run both systems simultaneously. Since there's a legacy system to fall back on, this is the least riskiest approach. However, users tend to spend more time duplicating work on top of cost inefficiency as running two systems at once is expensive.
Be flexible and ready for unexpected challenges on launch day. It's a good idea to have additional or temporary IT staff on hand, as well as employees who can work overtime. Avoid system downtime by developing a communication strategy. Once the ERP software has launched, test and audit the system again to verify reliability, accuracy and speed. Prioritize the balance sheet, as well as the inventory and accounts receivable ledgers. IT should support users as they verify, document and modify businesses processes in the live ERP system.
VII. Post Launch
There's a common misconception that once the implementation of ERP is live, that's it and you're done. Unfortunately, it's not that simple. Implementation of ERP requires ongoing maintenance of the ERP software and support for all users who work with it. Budgeting time and resources to identify errors and fix them will be vital throughout the ERP solutions life cycle. Additionally, after going live, you should start evaluating the success of the ERP project. Take key performance metrics of objectives and goals of the project into consideration. Such as: costs compared to budget, ROI (return of investment), decrease in human error and increase in supply chain or manufacturing productivity.
Common ERP Implementation Mistakes
| Falling Back to Legacy Systems | Lack of Support | Vendor Aggression |
|---|---|---|
| Don't make a bad process faster with automation. Consider how to use the ERP solution to streamline your business, reduce duplicate work and manual labor, and improve employee communication and customer satisfaction. | The implementation team members should seek support from upper management. Make sure to get senior sponsorships as early as possible and manage expectations throughout the entire process. In fact, 65% of executives believe ERP systems have at least a moderate chance of hurting their business due to the potential for implementation problems. | Don't let vendors decide what you need and oversell you on unnecessary features. Define your ERP requirements early in the planning process based on your organizations goals and objectives. If possible, consider an industry-specific solution. |
| Short-Term | On-Premise ERP vs. Cloud-Based ERP | ERP Misconceptions |
|---|---|---|
| Don't make major business moves with short-term goals in mind. Plan for the long-term. Consider events like future upgrades or increasing the scale of the ERP software. Keep in mind that 23% of businesses are unable to grow as quickly as they'd like because they lack the tools required in their existing ERP system. | If your company doesn't have the financial backing to properly implement an on-premise solution, then consider utilizing a cloud-based ERP system. The initial costs are lower, and fees are charged by number of users or resources consumed. | Don't be misguided. Understand the realities of ERP implementation. Be realistic about timelines and budgets. Also make sure to give your project team and IT staff the resources they need to be successful. In fact, 61.1% of ERP implementations take longer than expected while 74% often exceed budget. |
ERP Implementation Consulting
ERP implementation consultants should have a proven implementation approach and methodology. Experience in your industry isn't necessarily a requirement for the consultant, but it may make the process efficient and possibly less daunting.
Consultants can help negotiate conflicts between ERP vendors and your business. That being said, vendors are usually motivated to up-sell more software bu pushing rich functionality. However, your business should mainly focus on adding only what it needs in order to simplify the process or generate more revenue.
The benefits of using a consultant are endless. Some major benefits are that consultants understand the ERP software, know how to apply and set the software up, keeps you focused on your ERP project, addresses the fear in organizational change and user training.
Depending on your resources and complexity of the ERP project, a consultant may or may not be right for you.
Conclusion
In the end, the implementation of ERP software can be a long and tedious, sometimes even difficult, process. However, with the right methodology, planning and strategy, you'll be able to dramatically improve your business in the long run.
To understand more about implementation and ERP solutions for your business, please feel free to contact us! You can reach us at 818-484-5004 or email us at sales@biz-techservices.com. Additionally, you can visit our home page for a list of services offered and ERP solutions!
What is ERP Accounting Software And Why Do You Need It?
ERP accounting software is software that enables the organization to keep tabs on financial transactions and data. However, ERP accounting software goes beyond the accounting process core. Enterprise accounting software comprises modules specific to billing and payroll, account receivable, accounts payable, general ledger, and more. Historically, enterprise accounting has been a solution that was installed locally, but with modern-day technology, these solutions can be cloud-based.
Some key features of ERP accounting software's main functions include:
- Billing & Invoicing
- Budget & Forecasting
- Fixed Assets
- Payroll
- Inventory Management
Accounting vs. ERP Accounting
As the world becomes more complex with technological advances, customer expectations for product personalization and data management is increasing. Software that supports operational efficiency of core business processes is absolutely essential. Organizations also require relevant features that serve the dynamics of industry-specific needs and challenges. This also applies to stand-alone accounting and financial management software as they fulfill only limited needs when compared to an end-to end ERP solution. Organizations like to erroneously use the terms accounting software and ERP software interchangeably. In realty though, accounting and financial reporting software is a subset of an ERP system.
- ERP systems are more versatile
- Stand-alone Accounting Software is not built for industry-specific needs
- Accounting Software & ERP solutions are not always GAAP compliant
- Accounting Software does not include sales or customer relationship management (CRM)
Small Business ERP
Benefits of using ERP accounting software include automation, visibility, cross-departmental collaboration, and streamlined processes. Enterprise accounting is set up to address the concerns of small business owners. This includes developing talent in the finance organization, providing inputs into enterprise strategy, and measuring or monitoring business performance. This is particular the case in ERP for small businesses. ERP for small businesses offers better financial control and management.
Financial control software also provides businesses with a full suite of accounting functions to track daily financial operations and generate quarterly and annual financial statements. In addition, enterprise accounting software provides tools for reporting, analysis, budgeting, and planning. ERP for small businesses are designed to make financial control and management easier, while still maintaining reliability even in the most complex organizational situations. Enterprise account software, like Acumatica's, provides users with a feature-rich accounting suite, fully integrated with Acumatica's Customer Management, Distribution Management, Manufacturing Management, Field Services Management, and Project Accounting product suites.
- Ease of Use
- Security
- Mobile Access
- Customization
- Integrated Modules
QuickBooks is Not Enough
Nearly every business uses accounting and financial management software. So, how is ERP accounting software better than stand-alone accounting software? Not long ago, QuickBooks, Sage, and Dynamics GP were undisputed accounting software leaders for small to mid-size businesses. As businesses faced stronger competition and their customers expected faster turn around times and more customization, the needs for ERP software became glaringly obvious.
The use of a stand-alone accounting software, like QuickBooks, can take care of basic accounting functions, banking and limited reporting. However, the standard packages that small and mid-size businesses have used for years, lack the ability to forecast the future. For example, QuickBooks, cannot scale with your company's growth because it only operates on a proprietary database. Such stand-alone solutions were not built to connect company-wide processes and deliver real-time visibility into the status of those processes. As a result, you end up with silos of data that cant provide a transparent and complete picture of your business operations.
The Future of ERP Accounting Software
ERP is increasingly making up a huge part of accounting software products today. Most new products in this category are ERP, as more businesses demand better integration of their operations. Furthermore, businesses are more integrated globally. This is a situation that an ERP software can address better than a stand-alone accounting solution. Granted, the term "accounting software" won't be forgotten easily, however, users have grown accustomed to using it for years. In short, accounting software and ERP solutions may mean the same thing sooner than later, when both systems are sold as a multi-tier bundle rather than two separate products.
To learn more about ERP and accounting and if it’s the right step for your business, speak with one of our experts! You can reach us at +1 818-484-5004 or email us at sales@biz-techservices.com. Additionally, you can check out our Acumatica General Business Edition page to learn more.
eCommerce ERP Integration Solutions Your Business Needs
What is eCommerce ERP Integration?
eCommerce ERP integration is the coordination between a company's eCommerce site and back-end accounting and inventory system. Proper eCommerce ERP integration enables the flow of information bidirectionally between the two systems, meaning data only needs to be entered into the system once. Integration of your eCommerce sales channels with your ERP system allows you to operate more efficiently as a business. Your main types of data - order, inventory, item, customer, shipping, and tracking - are communicated between your once independent systems. Typically, eCommerce ERP integration automatically passes data between your systems, so this eliminates your need to manually enter data from one system to another. While eCommerce sales channels can operate without connections to an ERP, how many tedious practices do you do now that you wish you could get rid of?
Benefits of eCommerce ERP Integration
- Streamline Inventory Synchronization
- Reduce Manual Data Entry
- Auto-Notify Shipping & Tracking Information
- Increased Efficiency
- Cost Effectiveness
Shopify Connector
Our Shopify connector is an integration link for two platforms - Shopify's eCommerce system and Acumatica's Cloud ERP. Not only does this ERP connector work with Acumatica, but is also fully compatible with Sage 100cloud. This Shopify integration supplies all the tools your business needs to improve its order processing strategy, simplify inventory management, pricing, payment, and streamline logistics processes. Bilateral synchronization makes it possible to manage orders in Acumatica and mark them fulfilled in the Shopify integration system automatically. Using our Shopify integration allows for better time management and facilitation of connections between the platform. Biz-Tech's Shopify connector is an essential business productivity tool you need to grow your business, boost your results and help save time and money․
- Simplify Data Flow
- Reduce Order Processing Costs
- Automate Tax Compliance
- Eliminate Manual Entry Errors
- Improve Stability
- Ease Payment Information Handling
Magento Connector
Biz-Tech's Magento connector solution allows companies to easily connect with Magento's eCommerce system and either Acumatica or Sage100's ERP system. This Magento connector makes it possible to link two platforms through bidirectional data synchronization which helps avoid duplicate entries and eliminate errors. The Magento connector facilitates the management of all eCommerce activities such as getting and importing orders, creating shipments, invoices, and credit memos. With the Magento integration in place, automate all eCommerce activities to improve productivity and see results.
- Automate Synchronization
- Eliminate Errors & Duplicate Entries
- Ease of Data Flow
- Simplify Payment Information Handling
- Reduce Processing Costs
- Easily Access Order Information
WooCommerce Connector
The WooCommerce connector is an integration link between the WordPress eCommerce platform and Acumatica's ERP platform. This WooCommerce integration supplies tools to improve order processing, simplify inventory management, pricing, payment and streamline logistics processes. Using our WooCommerce integration will allow for better time management and the facilitation of connections between WooCommerce, WordPress and Acumatica.
- Simplify Data Flow
- Reduce Processing Costs
- Tax Compliance & Tax Regulations
- Eliminate Errors
- Ease of Data Handling
- Improved Stability
CommerceHub Connector
Our CommerceHub connector allows companies to integrate with the industry's leading provider of supply chain solutions for multi-channel eCommerce merchants. The CommerceHub connector provides seamless integration for any organization to connect all their trading partners by securely exchanging documents via FTP. Easy to set up integration mappings and automated workflows can help businesses streamline their processes.
- No Manual Data Entry
- Automated Import & Export Functionality
- Cross-Reference Functionality
- Send Fulfillment Confirmations
- Sync Inventories
- Send PO Acknowledgements
- Import Purchase Orders
Biz-Tech Solutions
At Biz-Tech Services, we offer Acumatica and Sage eCommerce connectors compatible with Shopify, Magento, CommerceHub and WooCommerce. All of our connectors offer seamless eCommerce integration to your webstore. We are proud development partners with Acumatica and Sage and are committed to supplying your business with the correct tools needed for success.
Feel free to give us a call at (818) 484-5004, e-mail us at sales@biz-techservices.com, contact us here or fill out the form below to get started today!
Custom ERP Enhancements That Accelerate Business Growth
Biz-Tech Services offer custom ERP enhancements that will accelerate the growth of your business. Enhancements are ERP integrations that are modules or changes to pre-existing Acumatica or Sage 100cloud modules that automate daily processes. The implementation of these custom enhancements often result in maximized efficiency and reduce operational costs. There are plenty of on-premise ERP enhancements that Biz-Tech can assist you in selecting. Biz-Tech Services specializes in help you shape your software to fit your exact business needs.
Offline Order Entry
Offline Order Entry is an ERP enhancement that allows companies to enter sales orders whilst offline, or when internet connectivity is spotty. It's a native application purpose-built for the iPad and iPhone, so the app is fast and responsive. At trade shows, data connections tend to be unreliable and expensive. With our Offline Order Entry app, you can write orders and access all your order, customer and product info offline. This solution enables effective order management for sales teams. As soon as you’re back online, any orders you entered, created or modified while offline, will automatically be synced. In short, this means no downtime making sales.
- Internet connectivity and speed never interfere with productivity
- Take orders and access customer and product records at all times
- No order loss from technical failures
- Synchronization occurs automatically once a connection is established
- Scanning of product barcodes speeds up order entry
- Product Images will display in order lines
Kit Processing
Kit Processing is one of our most popular custom ERP enhancements. Kit Processing allows users to explode kit components right on the sales order processing screen. Most importantly, there is no need to open another maintenance screen or print a pick list to view kit components. Using the native sales order processing preferences screen, users can control the cost calculation basis for kit items entered on a sales order. In turn, this allows grater flexibility without having to make maintenance adjustments to inventory items. Giving users the option to explode kit components directly and make adjustments to any quantity improves efficiency and control during order entry.
- Simplifies visibility of kit items
- Change kit and component quantities with ease
- Efficiently add kits to orders without having to leave the sales order processing screen
- Powerfully manage kit pricing rules
- Works for stock and non-stock kits
Consignment Processing
Consignment Processing allows for better inventory management. Manage inventory that is stored with a customer but owned by the company. This enhancement makes it possible to track and manage quantities and valuation of inventory in multiple sales locations. The Consignment Processing enhancement simplifies the order process and gives better visibility of unsold inventory.
- Track the inventory sent to the consignee
- Track what inventory needs to be replenished at the consignee’s site
- Return unsold consigned Inventory
- Invoice consignee for sold or used inventory
- Efficient inventory management
Gift Card Processing
Gift Card Processing allows companies to manage gift card payments within the software. Utilizing gift cards lets companies offer perks for customers and drive sales and revenue. Gift Card Processing offers a flexible gift card payment solution for all size businesses and makes accepting gift card payments simple yet affordable.
- Receive batches of gift cards as serialized Items
- Cards are ready to issue as soon as they are received
- Track History of spends and balances
- Load a balance by selling the gift card as you would any other stock item
- Use gift cards as a payment method
- Allows one or multiple customers to use the same gift card
Alternate & Upsell Item Processing
Upsell and alternate item processing is the ideal extension to encourage customers to purchase higher-end products, an upgrade or an additional item. This cross selling system also provides alternate items in situations where items are out of stock. During order entry, if the desired item is out of stock, the alternate item cross selling screen will pop-up and provide a list of items that can be substituted. In addition to cross selling alternate items, a list of warehouses where the desired item is available will also be shown. users will be able to easily select the alternate item and it will switch the line with a cross sell item or warehouse item.
- Easy warehouse management
- Quantity adjustments
- Visual cues
- Full integration
Matrix Processing
Our Matrix Processing software provides additional functionality and streamlined entry of transactions needed to process items with up to 3-dimensional attributes. Complete matrix processing software for tracking quantities for user-definable size and color attributes for each style. Biz-Tech's Matrix Processing software also provides a fully integrated solution across all applications.
- Advanced inventory management
- Collaboration throughout multiple departments
- Combines project and functional management structures
- Efficient communication
Allowance & Deduction Processing
Allowance & Deduction Processing extends Sage 100cloud's functionality to allow the Sage 100 ERP solution to calculate multilevel allowance and deductions on the sales order invoice data entry screen.
Field Service Management
Field Service Management is system for managing end-to-end activities in a field service organization. That includes scheduling, dispatching, invoicing and billing. This provides users with a fully integrated ERP solution for automated repair center and field service management.
Loaner & Rental Processing
Loaner and Rental Processing extends Sage 100cloud ERP functionality for customers who need to track loaner or rental products. This enhancement allows for loan or rent items to be billed for a specific date range, return products back to the warehouse and sell damaged or missing goods from one screen.
Allocation Processing
Allocation Processing helps optimize the fulfillment process by finding and selecting orders that can be shipped based on availability. This allows businesses to shift overhead costs to cost objects using a rational basis of allotment.
Saw something that piqued your interest? Feel free to give us a call at (818) 484-5004, e-mail us at sales@biz-techservices.com, contact us here or fill out the form below to get started today!
The 5 Most Important ERP Modules for 2021
The value of ERP software can best be summed up by its centralization of a wide range of front office and back office processes. There are many different ERP modules available that can be added to a system to further customize the solution for your business. As your business scales, it can be difficult to ensure you’re keeping track of everything. From financial management to inventory management, implementing the right ERP modules can help you manage your business more efficiently.
What are ERP Modules?
Within an ERP system are modules and each module focuses on one area of a business process, including finances and marketing, just to name a few. Each module has its own set of tools and serves their own unique purposes and functions. When implementing ERP software for your business, it is important to consider the types of modules that your business will need and ensure that the vendor of your choice provides them.
Here are the five most important ERP modules that you'll find within an ERP solution implementation for 2021, the specifics on what each module does and how it will benefit your business.
1. Supply Chain Management
Maximizing supply chain management efficiency is an essential business process that needs to be done. Supply chain management is typically complicated due to the considerable number of moving parts. This is where ERP modules and ERP solutions come into play.
Similar to standalone software, real-time data is a vital feature of SCM ERP software modules. The ability to make decisions based on up-to-date data is a huge advantage to those who have it. With real-time information on your supply chain, you could easily catch issues in the production or distribution process before they become a problem. You can also measure the amount of time it takes on average to produce a product and compare that to the rate at which a product is being developed today.
In addition to demand planning, demand forecasting is another key feature of SCM ERP modules. Using predictive analytics, your ERP solution’s SCM module should be able to predict future demand for your products or services. You can then use this data to create a production plan that meets demand but doesn’t exceed it. An effective forecasting tool can alleviate costs by reducing spoilage and excess inventory.
2. Financial Management
Financial management modules are one of, if not the most, helpful tools you can implement in your ERP program. With finances being the backbone of your business, an effective financial management ERP tool will work with every branch in your company. For example, the ability to use real-time sales data to calculate revenue.
ERP at its core is about centralization of workflow and information. Utilizing financial tools will help aggregate and manage how money moves through your company. You have the ability to view the whole of your business's finance in the module. From HR departments to marketing departments. This includes features such as a general ledger, account receivable and accounts payable at the most basic level.
Reporting should also be included in the financial management module. Reports are crucial to managing your finances, and can significantly improve the development of actionable insights through advanced data analysis. Additionally, financial statements can help you develop budgets while also keeping your executives aware of your company’s financial status.
3. Inventory Management
Inventory management ERP software works closely with supply chain management, acting as a somewhat lite version. The basic principle of inventory management is that a business needs to know how much stock they have. This goes beyond simple data analysis and order fulfillment. The information could be used to accurately allocate space for incoming inventory as well.
These modules of ERP are incredibly important because they interact with multiple entities across your business. They are involved from acquisition to final shipping notification and work to achieve maximum productivity through tools such as invoicing, shipping and sales order management. Increases in profit margins, boost in efficiency and more satisfied customers are some of the common benefits of this tool.
It can be up to ten times more expensive to bring in new customers than it is to hold onto existing ones. Efficiency breeds repeat customers, and that’s one of the many reasons why an inventory management module is such a valuable resource.
4. CRM
A strong customer relationship is vital to every business, which is why implementing an ERP CRM solution is extremely beneficial. Using a CRM helps you better manage the sales funnel. Keeping track of your customers, sales and leads becomes a simple matter when you’re using the right CRM tool.
This module can help you manage customers, leads and sales processes. Some basic CRM features that are typically included in these modules include contact lists, interaction histories and basic analytics. These features are core components of CRM that can ensure that you are providing the most relevant product promotions for your customers based on elements such as their purchase history.
CRM modules can also help you find out who your top customers are and target them for potential cross-selling opportunities. You can discover additional sales opportunities where you previously may have thought there weren’t any.
5. Human Resources
Human resources is a module that deals with every department in your company. Because it contains valuable information and processes, it's a highly recommended module implementation.
Because HR software gathers data on every employee, it's constantly generating information from all your departments. An HR module collects information on every employee simultaneously, even if you’re working in different locations or remotely. Information can be shared between departments as needed. Some common HR tasks that can be automated through an ERP software module include tracking vacation days or timesheets or documenting coaching efforts or disciplinary actions. Your HR system can even track bonuses by pulling sales and commission data from a CRM module.
One of the most significant advantages of ERP system modules is the easy collaboration it creates across internal workflows. When systems are kept separate, data has to be shared manually. Therefore, if you don’t have an integrated human resources module, you might need to conduct reformatting in order to share information, which can be prone to human error.
Conclusion
There are countless of ERP modules available in today's market. This article is meant to guide you towards modules that can, and will, greatly benefit your business and maximize efficiency. Make a list of functionalities your organization needs to have as you search for ERP vendors and available modules. Don't overspend on implementing solutions you don't need. New modules are being added to the ERP market, and quickly. Your business may not need every ERP tool on the market, but it's almost certain that you'll find one that will impact your business in a positive way.
If you're interested in setting up your own ERP module solution, Biz-Tech Services can integrate that for you. Check out our Acumatica and Sage 100 pages. If you can’t see your favorite service, our skilled programmers will find a solution that suits your needs. To speak with one of our experts please call us at +1 818-484-5004, email us at sales@biz-techservices.com or submit a form on our contact page.
Cloud Computing in 2021: The Future of ERP
We have all known the advantages of cloud computing solutions. If we talk about the future of ERP, there are various cloud computing trends like hybrid cloud, serverless computing and containers that will rule the industry in 2021. In fact, cloud technologies are now embedded in enterprises’ business strategies. Ninety-two percent say their IT environment (infrastructure, applications, data analytics, etc.) relies on the cloud and is predicted to grow to 95% in 18 months. If that wasn’t convincing enough, 54% of enterprises’ cloud based systems moved from on-premise systems to the cloud. Meanwhile, 46% of them were purpose-built for a cloud computing solution.
The Power of AI in ERP
The use of Artificial Intelligence (AI) in ERP systems to help with (or actually perform) decision making processes. These will be supported by data analytics capabilities that are increasingly included in ERP solutions—or integrated with them. Examples of this trend include continually self-optimizing operational models and intelligent customer interfaces for configure-to-quote. Data analytics in general will play a bigger role in operations management.
Serverless Computing
Cloud serverless computing is a technique for implementing functions in the cloud on a required basis. The enterprises rely on serverless computing as it provides the space for working on the core product without the stress of operating or managing the servers. Such a serverless platform has the potential to change the game of enterprise preferences and conception of cloud adoption with endless advantages.
Hybrid Cloud
According to Gartner, the worldwide public cloud services market is about to grow by almost 17%, computing to produce a gross amount of $266.4 billion by 2020. This is a staggering number compared to the $227.8 billion, calculated in the previous year. Where the actual amount of enterprises using hybrid cloud was 58% in 2019 and 52% in the year 2018, the present year witnesses huge increment. When everybody was discussing this new technological existence, MarketsandMarkets also discussed the increased demand for hybrid cloud computing. They highlighted its feature, focusing on its multiple advantages. What advantages? Speed, Control and Security.
The Future of ERP
Cloud adoption has seen a significant increase over the last few years. The cloud is obviously here to stay. Many organizations are currently rushing to migrate to cloud computing solutions with the belief that cloud based ERP systems go hand-in-hand with advancement. Almost everything in the tech industry is connected to the cloud in some way or another — unless it’s specifically kept in local storage for security reasons. As tech giants and tech startups find new ways to organize, process and present data, cloud computing will further become an integral part of the industry.
To learn more about the benefits of transitioning into a cloud based ERP solution, you can check out our last blog here.
