Would you describe yourself as risk-averse or open to risk? You might think you fall into the first category, but if you’re not working with a single version of the truth, you’re taking a number of risks. The first and most apparent risk is that your data will be riddled with inconsistencies and inaccurate data.
Inconsistencies and inaccurate data cause several problems for your company. Read on to learn how having a single version of the truth can prevent this situation from arising and causing irreparable harm.
ERP workflows will help your bottom line. We link the steps we are supposed to take in our process as connected ERP transactions. Errors caused by disconnects, when one person performs a transaction and a second person makes a transaction that doesn’t fit with the first, are usually eliminated.
Workflows can be a short series of regular tasks or a lengthy annual process. Whatever form they take, they can greatly benefit a business that wants to reduce errors and cost.
How many people at your company are convinced that their version of data (any kind of data) should be taken as the absolute, singular truth? If it’s more than one, you’ve got a problem.
In the business world, decision makers take action based upon the information they have at the moment. When there are conflicting sources of information, it’s exponentially more difficult to make any decision – right or wrong. Instead of making a choice, firms settle into inertia. Inertia is one of the risks companies face every day when they don’t have a single version of the truth, and it costs them money and hurts their reputations.
If you type the term “nothing lasts forever” into Google, you’ll get almost 2 million results. There are a number of books that come up and a couple of songs.
While it won’t come up in search results, the phrase “nothing lasts forever” also applies to tech support. Over time, tech support for legacy systems (including ERPs) becomes more and more expensive. Then, the manufacturer stops offering it. If this is the case with your ERP system, the end of tech support is good sign that you should invest in a new system.
How many steps does it take to perform a single action in your ERP system? If you have to stop to think of the answer, that’s not a good sign.
When you first purchased your ERP system, software wasn’t expected to be user-friendly. The expectation was that it would do a certain job, no matter how difficult it was for humans to utilize it. That mindset has changed, and now user-friendly software that’s intuitive to boot is the norm. If your ERP doesn’t fit that description, read on to learn why it’s time to change it.
When you first purchased your ERP system, you believed that it would transform the way you did business. Your ERP system would make you more efficient and competitive. A number of years have gone by – do you still feel that way?
Chances are that you probably don’t, and many of the system’s users share your sentiments. One of the biggest reasons for your change of heart is because your ERP system has limited functionality. Read on to learn why your ERP’s limited functionality is holding your business back, and why it’s a good time to switch to a new ERP system.
Merit Solutions, a provider of global supply chain solutions based on the Microsoft Dynamics 365 platform, announces today that V&V Supremo Foods, Inc. (V&V Supremo) has chosen to implement the Microsoft Dynamics 365 platform.
V&V Supremo is a 50-year old Chicago-based producer of premium, all natural, and authentic Mexican style food products. Throughout years of steady growth, the company adopted numerous business systems. These disparate systems increased ongoing IT costs, inhibited growth, and lacked data consistency.
After evaluating Microsoft Dynamics 365, SAP, and Infor, V&V Supremo ultimately chose the Microsoft Dynamics 365 platform due to its lower total cost of ownership, increased flexibility, streamlined implementation, strong product roadmap, and the integration between ERP, CRM, BI, IoT, and mobile capabilities.
Continue Reading: V&V Supremo Foods Implements Microsoft Dynamics 365.
When you first purchased your ERP software, it might have been the latest and greatest thing on the market. Or, perhaps you felt forced into purchasing an ERP system because everyone else was doing it, and you thought you could derive a competitive advantage from it.
Before you implement a new process or solution at your business, you want to be certain that it’s going to work, you’re going to benefit from it, and you’re going to see a return on your investment.
Fit gap analysis is a problem-solving methodology. Through it, you identify gaps in your current business processes and then the solutions to fill them. The benefits of using fit gap analysis are it can be used at any time, it gives you a clear, defined path to solve your problems, and it delivers greater efficiency to your organization.