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Showing posts from February, 2014

Things to Consider When Developing an ERP Business Case

How to avoid IT projects to fail! Buying an ERP accounting software or ERP for manufacturing industry (if you are in manufacturing) is not the only mission for you. Instead, being a customer, you must have a clear understanding of the results you are expecting from your project and how you’re going to achieve them. For this, you must employ the most common entrepreneurial mantra, “proper planning and preparation prevent poor performance”, which is also termed as six Ps. It is imperative to develop a solid business case. It will help you realize – can ERP help your business? The tips that can help you craft a business case include: What you want to achieve? Before selecting a specific business driven open source ERP software product you should work out on what you’re really out to achieve by investing on a new ERP system. You must be able to elucidate the tangible advantages like business growth, cost saving, and enhancement in functional proficiency and other soft benefits too lik

How ERP can Improve Business Forecasts

Most enterprises around the world have understood that in a dynamic business ecosystem, it is just not possible to develop and maintain a custom designed tool to address all their business needs and keep it updated. Realizing such needs of business, the ERP software vendors conceptualized and engineered best ERP software in India, which is an integrated technology solution to every operational process in any enterprise. What is ERP It is meant to develop synergies by automating and centralizing various necessary functions, which was earlier separated like sales, in human resource, inventory etc., in a single database to retain data for every function, enabling businesses to access and merge data quickly and easily. These data can be leveraged to create a well informed business forecasts. Business forecasting till date has been utilizing traditional data of the company to forecast the future of the business, which requires knowledge of inventory, cost and sales. Conventional businesses