CFOs’ Cost Control and Financial Management with ERP Irrespective of the size of their business, CFOs are often involved in multiple functions in their organizations. One of their significant KPIs includes their ability to control business costs and financial operations. The sad reality is that 56% of CFOs struggle to [...]
SAP ERP Solutions for Supply Chain Transformation by CIOs Among the realities of modern businesses, supply chain disruptions often lead to product shortages and price escalations. Effective supply chain management is a priority for CIOs when addressing this business problem. However, recent surveys have revealed that most supply chain leaders [...]
The CEO’s Guide to Implementing ERP for Manufacturing Expansion The 2023 KPMG survey found that nearly three-fourths of global CEOs (73%) are confident of the global economy, compared to 71% in 2022. However, the same survey found that only 77% of CEOs are assured of their company’s growth. This figure is [...]
5 Ways Modern ERP Systems Can Benefit CFOs in Production Planning A recent Deloitte report states, “Digital transformation initiatives are helping CFOs gain efficiency and reduce costs.” The report adds that “transformation is more multi-dimensional, covering areas like financial reporting and operations, instead of focusing on any one business area.” Enterprise resource [...]
ERP for FMCG Business: How to Make the Most of Your ERP Systems The Fast-Moving Consumer Goods (FMCG) industry needs to maintain a high volume of both sales and production to thrive in today’s competitive market. Additionally, the companies must operate at low-to-medium margins while facing the risk of global [...]
6 SAP Business One Service Module Tools to Transform Customer Service To retain their customers, organizations must provide excellent customer service that can elevate their brand experience. A single poor experience is enough to drive the customer away from the organization. 90% of Americans rate customer service as the deciding [...]
How ERP Software Can Help Small Businesses Comply with Industry Regulations? Whether a large corporation or small business, every enterprise must comply with the prevailing regulations in their industry domain. Business compliance is all about adhering to rules, standards, legislation, and legal requirements. Enterprises violating these parameters will likely attract hefty fines, [...]
10 Ways to Reduce Errors Through ERP Standardization Companies in the manufacturing and distribution domain often adopt ERP systems to standardize their business processes. A primary reason for using standardization is to enable interoperability between various business processes and systems. Among its many benefits, standardized business processes in any enterprise [...]
Big Company ERP Versus Small to Medium Enterprise (SME) ERP Are ERP solutions suitable only for large corporations? Although this is widely accepted as the truth, it couldn't be farther from reality. The fact is that no business enterprise is too "big" or "small" to profit from the benefits of ERP. Therefore, [...]
Advantages of ERP Systems for Small Businesses As a software tool, ERP systems have benefited small enterprises and large corporations across industry domains. ERP systems for small companies have enabled them to integrate and run their internal processes efficiently. Do ERP systems deliver business value to small enterprises and enable them to [...]
