When you think about mobile technologies, what most likely comes to mind is the concept of efficiency and increased productivity. What you might not realize is that mobile solutions can also boost a company’s profits or save money. This holds true of the life sciences industry. When field service technicians use mobile technologies, they can actually improve their firms’ bottom line – read on to learn more.
Merit Solutions, a global Microsoft Dynamics 365 platform and mobile solution provider, today announces it has attained the Microsoft Gold Cloud Platform Competency, demonstrating its “best-in-class” ability and commitment to meet the evolving needs of today’s companies with cloud-first enterprise ready business applications. This achievement validate’s Merit Solutions’ ability to enable client transformation and innovation in the digital era.
An ERP system represents an investment of time and money. Yet, many companies pay more attention to the deployment and everything that leads up to it. After the deployment, businesses invest less effort and time into making sure users are engaged.
Post-ERP deployment engagement actually matters quite a bit, because it affects the level of value and ROI you get out of the system. Read on to learn why engagement boosts user adoption and ensures that employees work more efficiently and productively.
The life sciences field has begun to embrace mobile technologies. Companies realize that it can make them more profitable and competitive. There are a number of ways in which mobile technologies can be implemented in this sector. This post will deal with how field service technicians in the life sciences field can become more efficient as a result of mobile technologies.
There is still time to join Merit Solutions and Microsoft for a Digital Roadshow event on April 10th from 1-5pm EST at the Microsoft Technology Center in Burlington, MA.
During this afternoon event, attendees will discover ways growing organizations can leverage digital technologies to:
Attendance is free and lunch is provided. Registration required.
Digital Transformations for Growth
Monday, April 10th, 2017
1pm – 5pm EST
Microsoft Technology Center
5 Wayside Road
Burlington, MA 01803
Learn more about the agenda on our event website.
Mobile technologies can boost a firm’s productivity, efficiency, and its revenue… if implemented correctly. Many of the articles and lectures praising the virtues of mobile devices leave out that crucial fact. That’s why it’s vital that if you’re going to implement mobile technologies at your organization, especially if it’s one that employs field service technicians, you understand what the best practices are so that you get the most out of these solutions. Read on to learn what steps you can take to ensure that the implementation goes smoothly and you reap the maximum benefits.
Is your Life Sciences company considering new financial management systems and processes?
Whether you’re preparing for Series A or B funding or managing financials for regulatory and shareholder reporting – Life Sciences companies have to be able to prove strong financial management capabilities. They need to capture R&D spend, comply with expense regulations like the Sunshine Act, control financial information, and better manage costs.
Register now and join presenters from Microsoft and Merit Solutions on April 13th at 12pm EST / 9am PST as we demonstrate the financial management capabilities of Microsoft Dynamics 365.
Improve Financial Performance & Reporting with Microsoft Dynamics 365
When: April 13th at 12pm EST / 9am PST
Duration: 1 hour
Life sciences companies are facing increased competition and experience periods of fast growth, especially after receiving FDA approval for a new product. As if that’s not challenging enough, there is increasing regulatory oversight which can be a distraction from core business processes. Early-stage and in-market life sciences organizations need more than entry-level software, but don’t need to invest heavily in costly ERP systems. Deploy a management solution that is flexible, agile and can support unique business operations today and well into the future.
Companies without a risk management strategy are vulnerable to disaster, where problems that were foreseeable deal a blow to profitability and even the organization’s existence. Proper risk management programs can help a company save time and money during internal and external audits. For companies regulated by governing bodies, risk management might be a required component of doing business by protecting things like public health records, financial statements, and consumer data.
In developing a risk management strategy, a company should follow a three-step process. The process kickoffs with working meetings that analyze business risks to discover the ones that pertain to the way the company does business. Once these risks have been identified, the company must try to quantify them by probability and extent of damage. Lastly, the company must develop a plan to manage and protect against each viable risk as well as developing a plan to mitigate consequences if the potential harm occurs.
A risk management initiative begins with an intensive look at a company because each organization is different. As important as risk management is to the success of the company, a program that is overly burdensome can negatively and needlessly hurt the bottom line. If a company is having trouble knowing what risks to focus on, they can reach out to professional consultants to guide them in the process. These consultants can help an organization create risk assessment groups of key stakeholders and business process owners.
Once these risk assessment groups have identified the specific risks to a company, they create a matrix of the probability of each risk combined with the impact on the business if the risk occurs. The higher the score, the more resources must be allocated to avoid and mitigate the risk. For example, risks that are likely to occur and would have extreme consequences if they did get the most attention. Conversely, low level risks that would inflict very little harm can be put on the back burner.
By assigning each risk to a business process owner, a company can assign responsibility to individuals, ensuring they get the attention they need. Without personal ownership, the risk can be forgotten and sneak up on a business. It is these business process owners who have the expertise needed to define an effective risk management strategy, ensuring that a mitigation plan remains relevant.
By now, you’ve probably read enough articles and sat through enough presentations about how fantastic mobility is for the enterprise. You’ve heard how it can boost productivity and effectiveness. But that’s not the only things they can do. Mobile technology can also increase profitability, especially if you have a business with field service technicians. Read on to learn how you can increase your bottom line with this kind of company if you use mobile technologies.