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Showing posts from July, 2019

ERP – Is the Mid-Market Being Left Behind?

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The need to adopt digital technology is now well understood by the business world, with the biggest companies showing the strongest signs of having a plan. Two-thirds of global CEOs say they intend to start focusing on digital strategies to improve customer experience by the end of 2019. And 34% of companies say they have already undergone digital transformation  Smart Insights  – while an additional 34% of companies say they’ll fully adopt digital in the next 12 months. Meanwhile, small businesses have already had their hand forced by Making Tax Digital. The legislation requires all companies to file digital tax returns – which meant that back in the spring when it came into force – many businesses who had not yet dipped their toes in the water had to get technology upgrades fast.  A lot of small solution providers did well out of it. Without too much up-front investment, small companies were able to pick up something which covers routine business processes...

4 Reasons for SMEs to Invest in Business Intelligence

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In today’s increasingly challenging environment, the use of the right technological tools is particularly important for SMEs. If you are wondering how SMEs can gain competitive advantage by using business intelligence technology, this article is for you! In efforts to gain a competitive edge in the digital economy, businesses are increasingly becoming more data-driven. SMEs have started deploying businesses intelligence (BI) solutions to derive useful information from the treasure trove of data that they collect daily. By doing so, these enterprises aren’t only improving their business processes, but also enjoying higher sales numbers and fostering meaningful relationships with customers that they serve. According to  Research , the BI market is expected to grow to US$22.8 billion by 2020, indicating more and more businesses will start deploying transformative solutions from this space. While big businesses are already leveraging BI tools to their advantage, small co...

The Top 5 Powerful Ways ERP Drives Innovation

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The benefits of Enterprise Resource Planning (ERP) software go beyond the capabilities of the system itself. The planning, implementation and eventual adoption of an ERP solution, by its very nature, causes a company to innovate. Innovation through ERP can make your company work smarter, faster, and ultimately achieve more. Many companies literally transformed by the adoption of an ERP system. Below are the top five most transformative ways one can witness ERP driving innovation for business. 1. Consolidating Independent Systems Ask the average IT manager how many systems they oversee and you might (or might not) be surprised. It’s not uncommon to have up to 30 different systems. How are those systems being managed and how connected are those systems expected to be? ERP can eliminate many of those disparate systems into one single source, or a system where through integration, everything is connected. The problems created by multiple separate systems can be many. ERP ca...

Three Signs It’s Time to Change Your ERP Software

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In tough economic times, it becomes tempting to sweat your assets. But running an outdated ERP system may become more of a liability than a saving in the long run. These are the top signs that indicate it’s time for new ERP software: 1. Functionality gaps If the software you’ve been using for years starts becoming outdated, you will start noticing functionality gaps, particularly when your business ventures into a new industry or embarks on new business models. Many businesses may try to address these gaps by adding external components to the system, or moving functionality outside the ERP system altogether. In the long term, independent or patched systems will need to interface and integrate to deliver optimal value, and ensuring that they do so can prove complex and costly. Investing in an advanced new ERP system ensures that all the functionality required by the business today is delivered in an integrated solution capable of meeting the business’s changing strategic ne...