Process – the key to developing your ERP system’s business case Businesses are driven by processes. In Banking, for example, there's a defined process for opening savings accounts for new clients. If that process isn't followed, then inefficiency and errors will result. Processes make complex tasks simpler, resulting in predictable and higher quality outcomes. [...]
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So far Michael Cloutman has created 20 blog entries.
The Platform Economy, Digital Transformation, the Internet of Things, and Artificial Intelligence are exciting new business models and technologies that are changing the way the world does business. Your core business platform – ERP – will stand at the centre of these technologies. But is it modern enough to work in the new world of [...]
If you’ve been running your distribution business on whiteboards, pieces of paper, computer spreadsheets, or using a standard ERP system then you may already be considering a system that understands the challenges of your industry. But in a tight economic climate, how do you justify the upgrade and adoption of a new system? What [...]
If you’re replacing or upgrading your enterprise resource planning (ERP) system, you may be considering whether you will host it On-Premise or in the Cloud. Until recently On-Premise ERP was the standard, but Cloud-based ERP systems are becoming increasingly popular. Which one is right for your organisation? In this article, we’ll look at three [...]
By transforming and adopting a platform business model, traditional companies can re-emerge as strong competitors in the Platform Economy. But so far this has not been happening very quickly. While more than 30% of global economic activity — some $60 trillion — will be mediated by digital platforms in six years’ time, only 3% of established companies have [...]
Platform businesses outperform value chain businesses because of their superior economics and the value of network effects. As a result, platform businesses are growing faster, and taking leading positions in industries once dominated by value chain businesses. However, as the following case study demonstrates, the ability to leverage platforms is not limited to the upstarts [...]
Digital transformation, driven by the Platform Economy, is highlighting the importance of technology. It’s forcing companies to rethink their technology strategies and re-evaluate their legacy systems, especially the system that is arguably the most important to any business – Enterprise Resource Planning (ERP). Previously, we discussed how the Platform Economy has grown at an exponential [...]
More than 30% of the world’s economic activity — about $60 trillion — will be delivered by digital platforms in 6 years’ time, according to a McKinsey research report. Yet it’s estimated that only 3% of established companies have adopted a platform strategy. And first mover advantage is important in a digital world where often the winner takes [...]
The Open Platform is an exciting development in ERP, but how will it impact your business now and in the future? The success of companies like Uber and Airbnb is well documented, and though they operate in different industries they both have one thing in common: their success is based on the principles of [...]
Attention CFOs The problem that many traditional ERP’s have is that they follow a rigid structure when setting up the chart of accounts. From a definition standpoint, a segmented General Ledger (GL) is one in which the chart of accounts is a single, concatenated string that consists of various segments that capture specific information. [...]