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 [...]
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So far Michael Cloutman has created 25 blog entries.
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. [...]
Privileged to be recognised as Enterprise Partner of the Year for achievements in FY18 South Africa, 10 January 2019 - SynergERP, providers of Sage X3 software, today announced they have been recognised as a winner of the Sage CEO Circle award program 2018. The program is designed to reward and recognise the outstanding performance [...]
Change lives through technology and be part of the SynergERP success story by honing your skills in the SynergERP CA Training Programme. As a trainee, you’re encouraged to work smarter, not harder. SynergERP is an accredited training office with the South African Institute of Chartered Accountants (SAICA). Our goal is to offer a solid foundation [...]
The government’s Making Tax Digital (MTD) initiative is a rapidly dawning reality across the UK. It has led to some elevated stress levels among many accountants and business owners, given the looming 2020 deadline for businesses to embrace and adopt MTD-enabled business software for the submission of Digital VAT Returns. Whilst there’s an element [...]
At SynergERP, our purpose is to change lives through technology, we live in a world where anything is possible because of it. Our goal as an organisation is to empower businesses by building solutions that achieve operational efficiency in all areas of a business, from operations to human capital management on a global scale. [...]
Businesses implement ERP software to improve internal business processes and overall business performance. But choosing the wrong ERP partner can quickly unravel all your plans. There are many stories of ERP flops such as customer accounts that aren’t migrated correctly, data that’s not imported accurately or overloading the system with too much configuration. The [...]