Kale isn’t anything new – it’s not the invention of some mad scientists in a lab. So, why in 2012 did its popularity skyrocket? A campaign by a PR professional (who also really likes kale) catapulted the cruciferous vegetable into the spotlight, where it’s stayed ever since.
When faced with the decision to purchase and implement new technological solutions, the first thought that comes to mind is, “What’s the ROI?” Generally, ROI is expressed as a number – after all, the formula is ROI = net gain/cost. Let’s say you buy a $5,000 software system and you then go on to make $7,500. That’s an ROI of 50%!
Sometimes, the sources of ROI are less obvious. However, that doesn’t mean that they’re any less important or that they shouldn’t be considered at all. Read on to learn how four hidden sources of ROI in your ERP implementation can transform your entire company, making it more profitable and sustainable.
When your employees don’t use a single version of the truth, it puts your organization at risk in a few ways. There’s one way in particular that you might not have even considered. Yet, it has a negative effect on your company on a daily basis.
The existence of multiple versions of truth actually erodes trust and leads to coworkers becoming suspicious of one another. A lack of trust and high levels of suspicion creates a toxic working environment and can ultimately cost you money.
When any technology becomes popular, there’s an accompanying swirl of confusion. In the case of the cloud, the befuddlement centered on the variety of deployment options available to users. The hybrid model is one such choice; you can deploy software partially on premise and partially in the cloud.
Companies complain that they can’t implement the technology that would enable a single version of truth because they can’t afford it. They believe this technology is too expensive to do them any good.
However, what these businesses neglect to consider is the cost of not putting a single version of the truth in place. Read on to discover the expensive risks you take when you’ve got multiple versions of the truth.
In the past decade, the cloud has become a fixture in the enterprise IT landscape. Companies run entire workloads in the cloud, including mission-critical applications.
Applications such as ERP systems are now available in cloud versions, but are they right for you? Read on to learn what the major differences are between cloud and on-premise ERP deployments.
Imagine this situation: your family needs a second car because one vehicle just can’t get everyone where they need to go. So, you undertake extensive research and finally decide upon a fuel efficient yet powerful model. You decide the best way to inform your other family members of this purchase is by surprising them with the keys.
How familiar does this scenario sound: you’re creating an ERP implementation strategy, and someone suggests that end user training should be included. Someone else says, “That’s going to cost money. What do we get out of it?”
It might seem like a no-brainer to offer end user training as part of your ERP implementation, but it’s still necessary to make a business case for it. Read on to learn the benefits of providing this training to end users so that your ERP implementation delivers the highest ROI possible.
Henry Mintzberg, a Canadian academic specializing in business management, once said, “Strategy is a pattern in a stream of decisions.” When it comes to making business decisions, having a strategy ensures that you’re not taking random actions – you’ve got a goal in mind and a plan will bring you closer to it.