The Client
Based in the southeastern portion of the Wolverine State and founded in the 1950s, this Michigan-based water management authority maintains a public access water system station that spans over 50 square miles. It also doubles as a recycling and waste services firm although under a different name and business structure. The Challenge As a long-tenured entity, the Midwest water facilities authority had gone through numerous workflow process overhauls align with the needs of the day. Its most recent enterprise resource planning software program was Microsoft Dynamics SL for on-premises data management. Recognizing the expedience, portability, and flexibility of cloud-computing software, the public water management authority decided to upgrade to Microsoft Dynamics 365 Business Central. In doing so, this would allow the authority to save on operational costs by doing away with bulky servers by integrating and moving all its existing and future data into the cloud. The move made sense from an economical and practical standpoint as it had lost contact with its previous vendor that arranged the initial Microsoft Dynamics SL set-up, partially because it had used the legacy software longer than its intended use. In short, it was high time for an upgrade. That's where The TM Group was able to provide some needed direction. The Solution As a replacement to the legacy system, but one that featured several similar functionalities, The TM Group recommended Microsoft Dynamics 365 Business Central. This more streamlined solution was ideal for the authority's size and customer base (small to medium-sized organizations). Some of the modules included in the software were bank reconciliation, general ledger accounts payable, and accounts receivable. The Prudence Technology also helped with integration and installed a fixed asset management software architecture that enabled the authority to manage well over 500 individual field structures. The Outcome Shortly after implementation, Microsoft Dynamics 365 Business Central paid dividends by simplifying workflows and systematizing ongoing testing procedures to ensure quality and safety for the water system. This helped the client not only address and act on compliance protocols but increased production through better visibility into ongoing operations throughout the organization, not just in accounting management. Whether you're a private business, government entity, or non-profit organization looking to enhance performance with a lighter footprint, The Prudence Technology can get you there - and faster than you might expect.
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One of the best defenses against business setbacks, and an important driver of business performance, is having an up-to-date accounting system that minimizes risk and enables the creation and preservation of value. Successful organizations know how to take advantage of opportunities and counter potential flaws and therefore improve their performance, in many instances through effective application of controls. With a business solution from Microsoft Dynamics GP, whether in the cloud or on your servers, you are able to better manage your financials:
The move to the cloud is just part and parcel of the revolution happening in business today, with more flexible ways of sharing information and the ability to visualize and interact with data in real time from virtually anywhere. Microsoft Dynamics in the cloud can have your team sharing, connecting and reporting regardless of where they need to work, with security-enhanced access via a web browser. Only Microsoft offers a complete platform with the flexibility to deliver the solutions you need, from server to cloud, desktop to mobile devices. The Microsoft cloud, along with Power BI, gives businesses a connected platform that helps automate their core processes and lets them grow their operations efficiently by enabling better reporting with Management Reporter. Since its introduction, Microsoft Dynamics GP has become one piece of a total business solution that helps organizations focus less on their infrastructure and more on their strategic needs. As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. We don’t just install and configure the software — we also train your accounting staff to use it to create the reports they need so they can analyze data as needed. Our solutions provide accounting personnel the information they need to do their jobs well — wherever they are, in whatever application they choose to use. Take the next step toward growth with Microsoft Dynamics GP in the cloud or on your servers Enterprise resource planning (ERP) software is critically important for small to medium-sized businesses (SMB). Since these businesses often have limited IT resources and budgets, it is imperative for them to make sure they choose the right ERP system and do not go broke in the process. Facing such obstacles, every SMB should consider Cloud ERP, which offers lower cost and complexity and more flexibility than traditional on-premises ERP.
Cloud computing is a method of deploying services, applications and/or platforms over the Internet without requiring the user to install software, maintain infrastructure or manage servers. It is usually provided as a service on a subscription basis rather than sold as a high-cost software package. Users can access cloud ERP from anywhere using supported devices, which usually includes computers and mobile devices. Updates and maintenance fees are generally built into the subscription model. Adoption of cloud ERP has been slower than other business applications, such as CRM, perhaps because of the critical nature of ERP and some apprehension business decision-makers might have regarding the cloud. Nevertheless, the number of ERP vendors offering cloud solutions is growing. Cloud ERP offers a number of benefits, such as:
Deciding to move to the cloud is only the first step. You also need to make an informed decision about which cloud provider to choose. SMB Group has published a research report, Clearing the ERP Clouds, which offers an extensive look at the benefits of cloud ERP and advice on how to choose a good product and vendor. What is an ERP system?
ERP is a business management software that allows an organization to use a system of integrated applications to manage and integrate a company’s financials, supply chain, operations, reporting, manufacturing, and human resource activities. Now that you know what an ERP system is, learn the five steps you can take to implement a better solution for your business. Step one: Identify the limitations of your current system Here are three signs that it might be time to replace your legacy system and implement new software: Growth cap Has your current system kept up with you as you’ve as grown and added more staff, clients, and business processes or entered into new lines of business or markets? An ERP solution should allow your company to expand while it operates and maintains your company’s everyday business processes. Lack of insights Even though ERP software offers real-time visibility of an entire business, as well as insights into the industry landscape, many companies still opt for legacy software that works independently from other systems. This can lead to different departments working in silos. Software that ties all your disparate systems together while offering data analytics and business insights is a win-win offering productivity, growth, and a competitive edge. Costly legacy system Most companies have taken a deep dive into what they’re paying for their current ERP deployment fees and maintenance. Although they know about the hard costs, most don’t know about the pros and cons that come with each deployment option, whether it’s on-premises, in the cloud, or a hosted ERP solution. It may be time for an even closer look to decide if you should move to the cloud, keep things on-premise, or invest a combination of both. Step two: Remind yourself what an ERP system should offer Let’s start with the ERP nuts and bolts. Here are some of the basic components that every legacy ERP system should have: Financial management Not only should your system help you meet regulatory compliance it should also deliver accurate data and analytics to help you keep an eye on your budget, including the management of multiple currencies, cash flow management, and bank transactions. Manufacturing This function should give manufacturers the ability to access real-time data to optimize production planning, as well as project and cost management. ERP Software Solution manufacturing should also offer the ability to manage resources, and fulfill customer needs. Supply chain As the days of manually entering information and doing physical stock of goods become relics of the past, this function should improve warehouse and stock management and let businesses gain greater insights into their products and integrated logistics. Step three: Discover what a modern ERP system could offer Modern ERP systems offer built-in intelligence to help guide users to optimal outcomes. They also scale with your business as you expand into other markets, and help keep client and company data secure. Plus, a modern ERP platform goes even deeper into meeting your business needs by offering less costly customization. This means it can work with your legacy system, but also extends your everyday processes as you grow. Some of the other resource planning tools it offers could help you: Increase productivity.
Help you collaborate across your virtual organization. Support new locations that allow you to expand into new markets easily. Standardize a single ERP solution and help simplify your IT environment. Step four: Create a game plan It can be overwhelming when you think of ERP implementing an entirely new system or knowing what to add or take away from what you have now. The better your plan, the smoother the improvement or replacement of your legacy system will be. Start with these three steps: 1. Make a wish list Write down the ERP functions you’re already using. Even if it’s only a basic financial and stock tracking system. Now make a list of the features you’d like to have or need. Now that you have some options and ideas of what’s out there, you could also look into special features like adding pre-built applications or build custom applications. 2. Set your budget Now that you have your wish list, the next step is to set a budget. Like buying a new car, you should know whether your budget allows for a used car or a brand new one. Knowing this helps you focus on the systems and features you should be looking for. Start with the cost of supporting and maintaining a system then look for any hidden fees along the way. 3. Don’t be afraid to ask questions Don’t settle for a one-size-fits-all solution. Make sure the solution you’re looking for caters to your unique business needs. If you want to move from on-premises to the cloud, but have questions about security, find a technology partner to help you address those concerns. Step five: Choose your technology partner The most important part of implementing a new system is the technology partner you choose. It could be an ERP match made in heaven if you choose right, with the hope being that they’ll be your partner ‘til system do you part. Here are some of the qualities you should look for in your future implementation partner: Have they done implementations for a company like yours before? Will they make themselves available before, during, and after implementation? Do they have the right combination of technical expertise and product knowledge to help you? Our Other Services Oracle is Cost Savings in Operations & IT
Organizations that implemented On-premise ERP incur massive expenditure for one-time software license purchase and have to employ technical resources to maintain the software. Besides, currents ERP systems are too much expensive to upgrade the latest versions. However, Fusion Cloud cuts down the expenditure’s as it is a SaaS product and lowers dependency on IT. Innovation Opportunities Oracle ERP Cloud introduces oracle e-business suite application, the best features of all its on-premise solutions and advanced AI capabilities to increase user’s productivity. Current ERP systems are too much old and no longer meet exactly what enterprise’s needs. Oracle offers architectural design to support available and upcoming next-generation technologies in ERP Cloud, including adaptive intelligence (AI), artificial intelligence (AI), augmented reality (AR), the blockchain, chatbots, internet of things (IoT), machine learning (ML) and robotic process automation (RPA). Faster to Implement Cloud ERP products, compared to On-premise solutions, are faster to implement and easier to switch. Oracle has worked on data migration tools such as Oracle Soar to automate most of the migration process and allow enterprises to move to Cloud in around 20 weeks. Higher Return on Investment (ROI) Independent research shows the ROI of a cloud solution, when compared against a traditional on-premises system, is over 3.2x when considering multiple scenarios based on data from hundreds of customers. Increased Security and Data Isolation Oracle ERP Cloud uses a multilayer approach for better security. With cloud solutions, patching is integrated on the cloud side, distributed across systems and quickly implemented to minimize risk. Customer access to the Cloud is encrypted, with an option to use a secure VPN connection. With complete data isolation, no customer has their data co-mingled with other cloud customers in the same database, minimizing risk and providing update flexibility with embassy-grade security. Common and Modern User Experience (UX) With Oracle ERP Cloud, applications are very similar in appearance and in use, making end-user learning more efficient. With modern users design paradigm, new users rapidly acclimate to Oracle ERP Cloud applications regardless of their role and responsibilities. Support Next-Generation Employees An underlying principle of Oracle ERP Cloud is to address the experiences, education, and expectations of next-generation employees. As organizations compete for talent, especially for hard-to-fill positions in finance and other core business operations, the use of consumer-like applications that work with mobile devices and enable a work-anywhere, anytime, lifestyle will often drive talent acquisition, employee productivity, and career satisfaction. These are especially important as the millennial generation transitions to post-millennial generation Z. Data may be the new oil, but it needs an engine to become fuel. Many organizations find themselves lost at sea and buffeted by winds of uncertainty. They ride on an ocean of data but lack the capabilities to turn it into value.
Data-driven insight, however, enables organizations to innovate, compete and achieve their business goals. Ultimately, it’s not the data you have, but how you use it that counts. Here are just some of the ways the Oracle Cloud(oracle e-business suite) and the Oracle Autonomous Database are being used by organizations today to understand their data and unlock the power within it: Uncharted Waters Next month, six teams representing six nations will embark on the UK leg of the innovative SailGP boat race. During the race, 1,200 sensors attached to the boat and crew members of each team will stream up to 45 megabytes of data to an Oracle Exadata machine, before it is uploaded to Oracle Cloud(oracle e-business suite) for analysis. This data serves many valuable functions. It is streamed to the sailing teams, giving them valuable insight into sailing conditions. With information on wind speed, wave height, and crew vitals, teams can react to improve performance. This data will also be streamed to the audience to enrich their experience. SailGP encapsulates the power of data in the enterprise. On the day, each team will face great adversity in the same way businesses face the vast complexity of the market. Yet data helps them overcome, giving them the insight to fight on and win. We’re already looking at further ways to leverage the SailGP data collected. If you think you know all data has to offer, you’ve seen nothing yet. Survive and Thrive in the Smart Hive Bees are key to our survival as a species, but their numbers are in decline and for reasons unknown. Yet it’s impossible to take action without first understanding what the challenge is and how to solve it. [oracle ERP cloud - Oracle ERP Cloud can help you modernize your financial, procurement, and project portfolio management processes with flexible, intuitive, and accessible cloud-based tools. Accelerate your enterprise resource planning transformation to the cloud with informative online quick tours, live demos, or chat.] To discover this, Oracle is collaborating with the World Bee Project to create the world’s first network of connected hives. Data collected from ‘The World Bee Project Hive Network’ is fed into Oracle’s Cloud, which uses AI and data visualization to offer new insights into the relationship between bees and their environment. Using data on temperature, humidity and honey yield, researchers can closely monitor bee colonies and protect them. Over time, the project will reveal the conditions needed for successful colonies. These can then be emulated in other hives across the world, stemming the species’ decline. Insight Is Power Scientists at CERN are quite literally trying to understand the universe. Since 2008, the organization has been analyzing masses of data from the world’s largest particle accelerator to deepen our understanding of physics. Yet these efforts don’t exist in a vacuum. The project receives $1.1 billion from 22 states, but it soon may not be enough to provide the storage and computational power needed as the volume of data continues to grow. As a result, the power of the cloud has become vital. Success depends on the efficiency and protection of CERN’s physical and data assets. That’s why the team is using the Oracle Big Data Discovery platform to analyze technical engineering information produced by its 50,000 sensors and metering devices. With this insight, CERN can work out what technical and infrastructural investments would deliver the best outcomes. In time, its IT infrastructure will become more scalable, secure, and economical. With the right technologies, data can help us answer some of our most profound questions and businesses challenges. The potential of data to solve problems and deliver competitive advantage is limitless. Market Study Report, LLC, adds a thorough analysis of the ‘ Cloud ERP for Product-Centric Companies market’, offering a comprehensive report emphasizing every vital aspect of the business vertical. The study has collectively presented refined data characterized by market valuation, SWOT analysis, market participants, regional segmentation, and revenue forecasts, enabling stakeholders to make logical business decisions.
The Cloud ERP for Product-Centric Companies market study is an in-depth analysis of this business sphere which entails pivotal insights pertaining to industry deliverables, notably industry trends, market size, market share, present valuation, and predicts proceeds by the end of the projection period. The synopsis of the industry also recognizes the Cloud ERP for Product-Centric Companies market growth rate during the forecast timeline, triggered by certain catalysts, an essence of which has been decrypted in the research study, in the tandem with the leading challenges and prevailing growths opportunity. (oracle fusion cloud) Key components underscored in the Cloud ERP for Product-Centric Companies market report:
Cloud ERP for Product-Centric Companies Market Bifurcation: USA, Europe, Japan, China, India, South East Asia. Insight of incorporated in market study have been framed with respect to the industry indicator:
Product landscape: Product types: SaaS, Cloud-Based Solutions and Others Top observations included in the report:
Application segmentation: SME (Small and Medium Enterprises) and Large Enterprise Details highlighted in the report:
Manufacturer base of the industry: Oracle, QAD, Infor, Introv Limited and OptiProERP(fusion hcm oracle) Competitive overview outlined in the report includes:
Some of the Major Highlights of TOC covers: [business intelligence oracle] Cloud ERP for Product-Centric Companies Regional Market Analysis
Cloud Project Portfolios Management Market: Staring From Distribution Channel TO Regional Forecast7/28/2019 Global Cloud project portfolio management Market By Application (Project Management, Portfolio Management, Demand Management, Resource Management, Financial Management, Others) Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (Small and Medium Enterprises, Large Enterprises), Vertical(Banking, Financial Services, and Insurance, Healthcare and Life Sciences, Telecommunication and Ites, Manufacturing, Government and Public Sector, Retail and Consumer Goods, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Forecast to 2026
Global Cloud Project Management Market - Tough Market Competitors/Players Few of the major competitors currently working in the cloud project portfolio management market are
Global Cloud project portfolio management Market is expected to rise from its initial estimated value of USD 3.46 billion in 2018 to an estimated value of USD 9.89 billion by 2026, registering a CAGR of 14.00% in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in security and privacy concerns among various enterprises Market Definition: Global Cloud project portfolio management Market The cloud project portfolio management is a complete and integrated solution which dramatically improves the way project-driven organizations work, enabling efficient and effective project management while ensuring smarter business decisions based on a single source of project truth. It is very useful in various type of applications such as Project financial management cloud offering, project execution management offering among others. The high adoption of cloud analytics, improved business efficiencies for the SMEs among others are some of the factors boosting the growth of this market. Market Drivers:
By Application
Competitive Analysis: Global Cloud project portfolio management Market Global Cloud Project management market portfolio is highly breakable and the top players have used various strategy such as new products launches, agreements, expansions, joint ventures, acquisitions, partnerships, and others to increase their footprint in this market. The report includes market shares of cloud project portfolio management market for Global, Europe, North America, Asia-Pacific and South America. Key Insights in the report:
ERP has always been regarded as a tool that large organizations use to manage their complex business structure. Medium businesses on the other hand, with their simpler business process and limited operation fund, were never regarded as potential candidates for enterprise resource planning software. It had no scope till date in small and medium business arena. But with the business conditions changing globally and the demand for transparent, integrated, business process growing, MBs are now readjusting their position with ERP implementation. Cloud ERP software development added a new angle to the whole context.
It's been observed that the business challenges faced by medium businesses in this intermittent economics are similar to that of large organizations but the only difference is that MBs have less resources and fund to battle the situation. This results in unorganized business process, lost business opportunities, inefficient inventory management, unclear business goals and inadequate business insight. Medium firms, to thrive in the competitive environment and to enjoy competitive edge over competitors, need smart business process management, which can be achieved through implementing ERP system in the organization. This shift in focus for ERP market made entrepreneurial ERP vendors to regard medium business sector as a potential market for enterprise BI solution. The situation changed further with the introduction of cloud. Cloud computing solutions have brought enterprise technical advancements within the reach of medium businesses. Which were initially regarded as patented products of large software vendors became available to buyers with the introduction of open source technology. Cloud offered the platform where those applications can be developed and tested before being marketed. Cloud ERP software development and adoption became popular because:
Unlike before, today ERP systems don't take months to be implemented. Thanks to cloud ERP solutions which have shortened the planning phase and made the implementation process more resource optimized. It has made ERP system nimble and agile, which can grow with your business. With the scalability factor thrown in, web based enterprise management solutions make ideal choice for small and medium businesses that are at the verge of expansion and need more control over their operation. The advantages extended by a SaaS ERP solution are:
Software as a service is a broad concept. Unfortunately, many service providers are offering solutions that only mimic the exterior of a SaaS solution. Buyers beware policy therefore employs to users considering SaaS enterprise application development services. Francesca Patterson is a tech writer, who has written article on recent tech trends. In this article she is discussing about enterprise application development services providers who are involve in Cloud ERP software development for their clients. |