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Showing posts from March, 2022

Next Level Of Digitalization Driven By Enterprise Internet Of Things

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Global digitalization is growing to a new level across retail, healthcare, manufacturing, and many other industry verticals, which is driven by advanced digital technologies like   Internet of Things (IoT) . It empowers enterprises to go beyond just connecting and sharing data to reinvent their business processes with analysis and automation creating a better customer experience. The IoT is often considered as primarily an industrial and consumer technology; however, based on  IoT development  in the last couple of years, today business leaders are seeing IoT as the most essential tool to take a leading role in digital transformation in a broad spectrum of business applications in companies across industries. According to global IoT survey reports, investment in  the IoT market  is expected to grow at a rate of 13.6 % per year through 2022. Although large companies have been investing significant resources in  IoT technologies  for years, small an...

4 Ways To Increase Business Profitability With ERP Software

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For most businesses the major marker of success is profit generation. The more profits a business generates, the better the overall growth potential becomes. In most cases, it means focusing outward, on increasing sales, improving marketing efforts and pushing into new or untapped geographies. However, there are other ways to grow or complement existing growth strategies. It starts with integrating the whole organization as one. Often daily activities of running a business can be overwhelming and leave no scope or time for evaluating the various processes within your organization. While process evaluation is imperative for any organization, it often takes a backseat especially where necessary data is not readily available. As a result, the businesses suffer inefficiencies and fail to achieve their productivity and profitability goals. One of the most efficient ways to reduce inefficiencies and promote growth and profitability is to implement the right ERP solution. Below we have listed...

4 ERP Software Implementation Success Factors

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First, let us briefly discuss “What is an ERP”. The acronym ERP stands for Enterprise Resource Planning. ERP integrates a company’s core processes such as Finance, HR, Manufacturing, etc. into a single system. It enables improved business performance, supports business growth requirements, provides flexible real-time decision support, eliminates limitation in legacy systems, and provides competitive advantage by faster access to accurate and relevant information. Dropping quality standards, delayed shipments, faltering customer satisfaction ratio, inefficiency in data, etc. are some of the dead giveaways that your company is in dire need of an ERP solution. Choosing the right software is the most important aspect in any ERP project. A company must choose a software that is a perfect fit for its business or requires minimum customization to support key requirements otherwise it will risk overspending on the software and the implementation budget. A diligent ERP software selection proces...

Business Intelligence & What it is and why it is important for your business

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Business Intelligence & What It Is And Why It Is Important For Your Business In today’s competitive world, businesses need to go the extra mile to stay ahead of their competition. Business Intelligence or BI is a tool that helps them do exactly that and much more. Let us first understand what Business Intelligence exactly means. Business Intelligence is a platform that helps transform apparently meaningless heap of unsurmountable data into critical business insights. It helps businesses make technology-driven decisions and presents right data to the right person in the form of graphs, reports, dashboards, etc. With the help of BI management can make fact-based decisions using concrete data instead of relying on their gut feeling  or hunch. From processing raw data to creating graphical reports, various  BI tools  are used to get the desired information. In this blog,  by businesses to ensure increased profits and efficiencies. Import...

Streamline Your Business Operations With An ERP System

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  To improve your business productivity and foster rapid growth and diversification, it is imperative to streamline your business operations with ERP System. An ERP Software Solution not only automates all the functions in an enterprise but also provides accurate real-time data from Production, Planning, Materials, Finance & Accounts, Inventory, etc.  Also, there are many other critical factors why streamlining your business operations with an ERP System is extremely important for any enterprise. Let’s discuss them! Critical Factors Why You Should Streamline Your Business with ERP Solution: Though there are many reasons why your business should be streamlined with an ERP software system, some of the major ones are listed below: When you want to handle everything from Procurement to Production on one platform. When you want to have access to all your information from anywhere and at any time. When you want to have easy access to operational data and want to make informed de...

5 Steps When Transitioning To A New ERP System

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  Are you planning to implement a new  ERP System ? Well, it is easy to get excited once you have chosen a new  ERP software  to augment your business’s digital transformation effort. Usually, the team is all set to transit from that old system and excited about the opportunities that modern technology will bring. But very often it has been noticed that organizations rush from phase to phase in a reactive manner rather than having a structured comprehensive transition plan in place. Probably they don’t realize that the transition from selecting an ERP system to implementing an ERP system is undoubtedly the most significant aspect of their entire project. The implementation stage of your project will determine whether your plan is successful, your Return on Investment (RoI) expectations realistic, and your anticipated business benefits achievable. Therefore, it is imperative that rather than just jumping in and spending a ton of upfront cash, it is essential to have a...