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Showing posts from May, 2019

What Role does the ERP Software Play in Digital Transformation?

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Digital transformation has now become a necessity for organizations. ERP software, which we can describe as the first step of digital transformation, takes a critical role throughout the process. Explains the important role of ERP software in Digital Transformation: The ERP solution is an integral part of the company – It is here that all business data converges. Every new solution or process changes or expands the functionality of the ERP software. In a networked world, an ERP solution not only guarantees the security of processes and process results, but also the security of the data. By contrast, the ERP solution of the future is open to the outside world and ensures the security of data and processes. It does not matter if the application runs on site, hybrid or completely in the Cloud. The ERP solution prepares decisions In a networked world, enormous amounts of data accumulate. These can be analyzed and interpreted in the cloud using statistical methods, machine-le...

Top 5 ERP Trends That You Should Not Miss This Year

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ERP is no longer a luxury but a need. Let’s take a look at the trends that have been realized with this fact and the trends in ERP, where demand is increasing day by day; ERP is no more a buzzword or a concept; it is real and here to stay. With most businesses looking to streamline their process and work to become profitable, the demand for an Enterprise Resource Planning solution is on the rise. Tailor-made solutions, compliance of regulations and cloud-based will be among the topmost trends in ERP technology this year. More organizations will want to change their service providers including their enterprise solutions. Those businesses looking to add or modify their enterprise solution will expect more features and search for those providers who offer them. These features would help to improve output and influence disruptive tech that’s become the norm today. Being aware of the developing trends in ERP offers you an opportunity to know what you must do in the organization to ...

ERP Asset Management

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ERP asset management modules handle tracking functions across production, including maintenance schedules, uptime and downtime, compliance and warranty management. Learn the features of asset management in the ERP asset management module. ERP with Asset Management Module goes hand in hand with inventory management, but the difference is that inventory management is about the physical goods that are in the warehouse. Asset management is about the equipment. Some vendors offer asset management software as a separate application; others make it part of a suite of applications. Some smaller vendors offer standalone applications for capabilities such as assets, inventory and warehouse management. For the purposes of this guide, the term refers to ERP asset management modules that tie into the backbone of an ERP system. Key functions include tracking for: ·          Maintenance schedules ·        ...

The Value of ERP Systems in Our Age

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ERP systems are now accepted as the backbone of modern enterprises. These systems, replacing pens, papers and spreadsheets, are the first step in terms of the digital transformations of the enterprises. ERP is often considered the backbone of modern business. Decades ago ERP transitioned businesses away from pen and paper spreadsheets. Today, with advanced applications, intelligent technology, and the dominance of mobile, ERP has grown to be a critical business asset as enterprises undergo digital transformation. The traditional benefits of ERP still ring true today. The software offers all the advanced technology businesses need to improve efficiencies, reduce costs, and grow in one scalable and secure environment. But the digital age brings unique challenges, like how to deploy massive enterprise systems with little to no business disruption, manage and analyze the massive amounts of data businesses generate, and access critical systems from all over the world as businesses ...

Ramadan Kareem

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The holy month of Ramadan is a rhapsody of joy, unity and equality. It is when we are the most delighted when the night turns to dawn, and feel the most thankful when the day turns to dusk. This divine season is when people from different faiths come together to show compassion toward fellow human beings, when the wealthy and the poor live a similar life and share the same objective: to forgive and be forgiven. It is a time for thought, action and change. Along with clarity of mind, comes a greater focus that illuminates fairer judgments as well as sincere dedication to rearrange and reach our goals. With the start of the sacred month of Ramadan, Milestone sincerely wishes you an abundance of prosperity, wealth and happiness in life! Happy fasting!

Five Risks Businesses Face by Not Using ERP Software

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Enterprise Resource Planning allows organizations to manage their daily business activities. Without software as dense as ERP, businesses often times have trouble performing at top condition. As scary as that sounds, there are many businesses who do just that. Below, we’ll talk about risks that businesses take when they opt out of using this software. Risk #1: Multiple Software’s in Place for Different Processes  Many businesses have outdated processes in place that never change simply because it has always been there. Having multiple systems run separately can cause confusion and truthfully waste time in the long run. There’s no reason to be afraid of change, especially if that change can create a more convenient and refreshing stream of work for everyone involved. Switching to an ERP system allows companies to keep track of everything from sales, and customer orders to receivables and payables all in one place. Risk #2: Redundant Data Using this software gives compan...