Good internal communication is the hallmark of every successful business. An organization that knows how to facilitate communication between different team members and employees will have solved half its problems. As we all know, miscommunication or a lack of communication are the reasons why most projects fall behind their expectations. While ERP does a lot…
Every organization engages in initiatives to improve performance, address key issues and grab opportunities to make modifications to processes, organization structure, or job roles. To do it efficiently, in a business, every employee needs to adopt and embrace changes, without which the initiative would not deliver expected results. Hence, change management is a vital element…
Studies show that manufacturers usually have an ERP in place for their day to day business operations. However, they do not make optimum utilization of their ERP. They may use not for billing, tracking equipment and managing inventory. However, an ERP can do a lot more than just that. While most ERP installations take place…
While most businesses may already have ERP implemented, they probably don’t consider ways to make ERP smarter. To make ERP smarter, it needs to re-integrate with smart technologies such as artificial intelligence, blockchain, etc. Most ERP vendors usually offer solutions that are geared towards automating day-to-day enterprise operations but fail to address the need for…
Recent surveys show that most companies purchased their ERPs many years ago, and a majority of these ERP users have not upgraded to the latest versions of their tools. What’s more, these businesses continue to use ERP solutions that have not been updated with newer features and integrations. Consequently, businesses do not see the results…
The hierarchy of every company puts particular emphasis on the phenomenon of business forecasting. It is an essential aspect of business stratification where numbers are assumed based on the current and past performance records of business and then planning is carried out for the times ahead. All business forecasting whether it is of sales, growth,…
While financial technology has risen rapidly thanks to artificial intelligence and Blockchain, FinTech organizations still find it difficult to manage their own internal business processes. With more than 80% of financial institutions planning to collaborate with FinTech startups, FinTech industry based organizations have a tough task to forge ahead and remain efficient. Surprisingly, ERP adoption…
ERP or Enterprise Resource Planning Software is a business management solution that helps a venture manage tons of information and data with the help of many integration applications. ERP for e-commerce is found in varieties that are exclusively designed for managing the challenges and chores of digital stores on the verticals of distribution, manufacture, services,…