HORIZON ERP

How do today’s organizations go about justifying an ERP investment? The effort involves determining an expected return on investment, anticipating total costs and fully documenting the business case for investing in a new or upgraded system. It’s critical to document the business reasons for an investment in ERP, as well as the expected value to offset the cost. Identifying risk is part of the process, as is putting in plans to mitigate risk. Few organizations can effectively manage this effort alone. The five critical areas typically involve: ·          Performing an assessment of the company’s internal business environment ·          Documenting the current state business challenges ·          Clarifying the desired state and “value” of improved processes from ERP ·          Considering total cost factors of an ERP upgrade/new selection ·          Taking a close look at ROI of the ERP investment Exploring other reasons for ERP investments: Reporting : Is t

Implementing an ERP in the company helps in time management. Today every organization needs ERP software for an effective time management, especially the most challenging Construction Industry. With the implementation of an ERP, companies will able to create a strong customer base and make their business a success by managing their business process. Many of functions in the ERP software is one-step process for quick productivity information. ERP manages areas like Sales Management, Tendering, Material management, Supplier management etc. to enhance the internal business process. It helps the organizations in integrating all processes and data’s in a single unified direction which leads to a tight integration between all projects and site offices with the company headquarters. This will help to bring the highest visibility and profitability to the construction company. This all means that the company’s ERP strategy is likely to change, or perhaps the IT strategy will deman

When organizations decide to implement ERP software, they often jump right into ERP selection without taking the time to prepare. They assume they can select the right technology by simply evaluating software features and benefits. However, there are many activities that should precede ERP selection. Before starting to think about ERP vendors or perusing top ERP systems lists, consider focusing on these seven activities: Ensuring Organizational Alignment The key to a successful ERP selection is ensuring that stakeholders across the organization understand and agree with the organization’s strategy objectives. Then, decide how much technology is needed to achieve objectives, such as improving the customer experience, creating new business models or generating new revenue. Developing a Business Case What business benefits are expected from the new ERP software? What are the expected costs? Knowing the answers to these questions is critical to justifying an ERP i

There are many software solutions available today to help companies achieve greater efficiency. Two systems stand out in particular, especially in the manufacturing world: CAFM and ERP. Enterprise Resource Planning (ERP) systems have become a necessity for any modern business. This software is customizable to the business’ needs. With an ERP system, you can integrate all the core processes in your business including warehouse management, product planning and control. You can also integrate your main administration functions including human resource management and accounting. An ERP helps companies: ·          Save money ·          Enhance productivity ·          Improve collaboration ·          Improve consistency and accuracy ·          Improve customer satisfaction Computer Aided Facility Management systems (CAFM) are also becoming increasingly popular in the service. These enterprise asset management solutions help companies to manage and control equipmen

A successful and on-time ERP project never happens by accident. Behind every successful public sector ERP implementation is a project manager who has taken the time to define project scope, assess resource commitment and set expectations and priorities. Although keeping a large-scale ERP project on-schedule is challenging for even the best project manager, we have several strategies for facilitating an on-time delivery: 1.     Get Approval of Project Objectives and Scope : During the project charter meeting, the project manager should get sign-offs from the executive team on the project objectives and scope. By presenting the objectives and scope from the outset, there will be no surprises once the project schedule is more fully developed. Reaching a consensus at the outset also prevents the executive team from voicing concerns mid-project and suggesting changes that could cause significant scope creep. 2.     Understand Your Team : Before randomly assigning tasks to

Although ERP implementations and weddings appear to be two completely different matters, there are five major concepts that prove to be crucial to both. 1.     A clearly defined scope.  Since weddings are exciting, it is understandable that the magnitude of the event grows over time. Similarly, the scope of an ERP implementation is typically a vendor’s best estimate of your business needs prior to the project’s initiation.  If the ERP vendor does not clearly define the scope of the implementation from the start, it will be much harder for the project team to manage the scope later on. “Scope creep” is a common occurrence during implementation because vendors often discover business requirements that were initially overlooked or vaguely defined. 2.     Commitment is the key.  Wedding planning can be a trying time for couples because it challenges them to work together in ways they have not experienced before. Without the upfront commitment from both parties, planning a w

Facility management software includes workflow management,  extensive reporting , business analytics, and is often fully web based. As organizations move toward outsourcing FM services, modern facility management software includes functionality for contracting services and monitoring agreed quality, budgets, and performances. In addition to supporting space, maintenance and  services management , facility management software also assists managers with valuable information and analytics that help them make the right decisions, implement the right measures, and track the results. 1. What are the FM costs and where are potential savings? It all starts with cost transparency. In many cases, facility management software is connected with financial systems to reduce manual data input and ensure data consistency. FM software can show costs in  dashboards  like costs per square foot per year, costs per workplace per month, costs per user, or any other relevant report. These r

Most ERP implementations fail because they cost more than expected and/or take more time than expected.  The concern should be that most projects also fail to deliver the expected business benefits. ERP implementation failures are commonly discussed in the media and feared by corporate executives.  Companies spend millions of dollars on their ERP initiatives, so it’s not asking too much to expect that they fully take advantage of the potential functionality of the software they implement. So what’s a CIO, CFO or project manager to do? Here are a few things to consider if you’re truly focused on driving ROI for your ERP implementation: 1. Set the bar high for your ERP implementation.  It’s okay to shoot for the stars. Rather than operating out of fear – whether it be fear of the project failing or fear of losing your job – try aiming for something even higher, such as delivering a set of business processes and related ERP functionality that will take your business to the next

ERP success is hard to come by. The multitude of pitfalls, risks and landmines on the ERP implementation journey are difficult – but not impossible – to navigate. To complicate matters, most organizations only replace their ERP systems every 10 or 20 years, which doesn’t create enough internal experience to effectively manage these issues. The silver lining in all of this is that most organizations make similar mistakes along the way. To simplify matters even more, most of the issues and risks are related to people and processes – not technology. Below are five things that you will want to make sure you’re investing in to increase the odds of a successful ERP implementation: Project governance and controls You’ve probably heard at least a story or two about an ERP implementation that flew off the rails because it wasn’t managed properly. Too much customization, delayed go-lives, budget overruns – all are symptoms of a deeper root cause: poor project governance and co