ERP is Your Opportunity to Be Successful in a Competitive and Challenging Business Environment1/17/2020 According to the most recent McKinsey Global Survey on digital transformations, more than eight in ten respondents say their organizations have undertaken such efforts in the past five years. Digital transformation provides a valuable opportunity to move away from manual processes, increase productivity and efficiency, and allow leaders to focus on more strategic initiatives.
For a digital transformation program to truly create impact, it requires a solid strategy, foundation, and core: The ERP application (Dynamics NAV, Business Central And Oracle Fusion). ERP bridges the gap between business challenges and technology, simplifying functions such as finance management, accounting, and inventory management. Cloud-based ERP accelerates the speed of transformation while providing a single version of the truth to business users. When used correctly, ERP guides and supports the business on a daily and real-time basis, bringing revolutionary change to processes and how work gets done. The ERP core contains all the business rules which drive decisions, processes, and other business systems that require data and instructions. This is what will eventually automate the business, drive enhanced return on investment, and create a competitive edge in the modern business environment. The ERP strategy should be to maximize on all available functionality within the core application, reducing application and process duplication, ultimately reducing cost and business complexity. ERP: A Friend for Life When investing in ERP, don’t think short term. A strong ERP core can support the business beyond three to five years, and more likely closer to 10 to 15. Consider current needs, but also how the business will grow to ensure that decisions are made with longevity and the future business model in mind. Many business applications such as customer relationship management systems are short to medium term. ERP is the business foundation and not a short-term strategy. Implementing a future-fit ERP solution, organizations can easily incorporate new, emerging technologies such as business intelligence (BI), artificial intelligence (AI), and the internet of things (IoT). This will not only make the transformation process easier but also opens the door to greater efficiencies and growth, as well as opportunities to innovate. ERP fundamentally changes the business, if you allow ERP to lead your digital transformation program . ERP Leading the Digital Transformation Digital transformation failures are predominantly associated with no clear strategy or being underfunded. McKinsey finds that fewer than one-third of organizational transformations succeed at improving a company’s performance and sustaining those gains. Ironically, the lack of strategy creates the underfunding issue. A strong digital transformation strategy involves a radical reimagining of how the organization uses technology. Organizations that retrofit current processes to fit their new technology rather than rebuild their operations to most effectively use new technology are limiting ROI. Cloud provides an opportunity to accelerate the transformation and eliminate customizations. Organizations that take a “do what has always been done” approach are more likely to end up with one-off customizations that vendors may not support for long. These customizations also likely don’t follow leading practice recommendations, further lowering the probability of project success. Along with a strong digital strategy should be a strong strategy to change. Humans are creatures of habit and not comfortable with changes to their habits. Having a solid Organisational Change Management (OCM) plan can help. According to the global leader in change management best practice research Prosci®, the number one indicator of project success is active and visible sponsorship from leadership. Faster and more active adoption is more likely when executives and business leaders show strong support for change, as well as feeling they understand why change is happening. The digital transformation strategy exists because the business requires it for sound and justified reasons, including scaling up, improved security, market drivers, customer requirements or modernization. Conversely, the biggest risk to the business is the digital transformation program. Risk can be mitigated by building the core first in the ERP layer and then allowing the ERP to drive the digital transformation in achievable and manageable sprints. These sprints should be aligned with the business operational and financial strategies for the duration of the digital transformation. Digital transformation is a large step for most organizations, but one that can come with big rewards for those who plan correctly. Focusing on the core, your organization’s ERP system allows for the largest competitive advantage and future growth. Avaap is an industry-focused advisory service and IT management consulting firm. Headquartered in Edison, N.J. with global offices and customers around the world, Avaap has deep expertise in healthcare, retail, fashion, manufacturing and distribution, and other industries. Avaap has earned numerous industry accolades, including being named on Computerworld’s list of 100 Best Places to Work in IT since 2014; recipient of Infor’s Alliance Partner of the Year award since 2014 as well as winner of several other Infor partner awards; five-year honoree on the Inc. 500, KLAS Category Leader in Revenue Cycle, recipient of NJBIZ 50 Fastest Growing Companies since 2015, and multi-year recipient of Becker’s Healthcare and Modern Healthcare’s Top Places to Work awards. Avaap’s culture is powered by passionate people who are relentless in driving customer satisfaction.
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Microsoft Dynamics NAV is a fully integrated ERP solution that bridges the gap between you and your collaborators.
Complete ERP solution from Microsoft Business Solutions Microsoft Dynamics NAV is a fully integrated ERP solution that bridges the gap between you and your business partners. ERP (Enterprise Resource Planning) systems streamlines your business by automating and optimizing operational core functions. The right ERP system connects your business processes and improves your company's ability to cooperate and make faster decisions, thereby increasing the overall productivity of the company. You can customize Dynamics NAV to your company, as the system is based on modules and you only need to acquire the parts of the system which are needed in your business. Microsoft Dynamics NAV (Navision), with over one million registered users worldwide, is one of the most widely used ERP applications. The solution is easy to customize, use and maintain and can optimize and increase productivity without disrupting daily operations. Growth and development Microsoft Dynamics NAV is the ideal ERP system for growing businesses. But what is ERP and how can it benefit your business and company? Many small and medium-sized enterprises reach a critical point where the tools which until then has supported and been the basis for economic growth rather than an obstacle to the company's ability to act flexibly and insightful. The Information Department in your company is improved with Dynamics NAV. The information indicated in the database is available to all employees. This improves the overview for your employees with anything from production from inventory management to sales and marketing. Microsoft Dynamics NAV connects your employees, working routines and systems. Therefore, you can instead focus on the company's operations and future development and growth. Mobile ERP Microsoft Dynamics NAV mobile app is the mobile version of the ERP system and available to all users of Dynamics NAV. The application is fast to implement, easy to customize and especially user-friendly. It works on most platforms and devices which means that the app delivers reliable remote access to your Microsoft Dynamics NAV solution. Office 365 Integration Microsoft Dynamics NAV provides a direct integration to Office 365. This means that you can analyze and share data with your colleagues and thus improve collaboration across your company. Using Dynamics NAV Dynamics NAV offers everything you need from a modern ERP solution. The flexibility of the solution means that it can be adapted to match and comply with the unique requirements that exist in your company. As a certified Dynamics NAV partner, we have extensive experience from working with organizations of all types and sizes. Industries Microsoft Dynamics NAV complies with all the special requirements that exist in your industry. We have a thorough knowledge of some of the most well-known industries and the particular challenges that exist in your specific industry. The story behind Navision Dynamics NAV, or Navision, has a long history behind it. Since the beginning of 1984, when the solution was first developed in Denmark by PC & C Ltd. under the name PC Plus and up to 2002 when it was acquired by Microsoft, the ERP system had a number of different names. What is the price of Dynamics NAV? The price of Dynamics NAV is calculated based on your specific needs for the solution's functionalities, the number and type of users that are allowed to access the system, your need for support at the implementation process and especially how you choose to install the solution. Local or Cloud? Price-wise there is a great difference whether you prefer an ERP solution that is placed in the cloud or if you prefer it to be hosted by a Microsoft partner or locally on your own server. Read Also:
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. There are five steps that every company should take prior to upgrading from Dynamics NAV to Dynamics 365 Business Central. These steps will give you the valuable information needed to plan and execute the best possible upgrade scenario for your business. By taking the time to gather information and define business processes and requirements, your Business Central deployment will align with your business and enable your continued growth and success.
Assemble Upgrade Team Determining the members of your upgrade team is your first step. Ideally, this group will include representation from each department that works with the software including developers, technical resources, business analysts, and subject matter experts. Additionally, you should appoint an internal project manager who will work to keep the project on track and ensure tasks are completed. If possible, include a representative from corporate leadership on the team. Determine Upgrade Date The best-practice is to be conservative with your go-live date, which should be determined based on your initial project plan and how many steps and tasks need to be completed. We recommend including at least a one-week buffer from when you think you’ll be ready for any issues that may arise. Because your upgrade team includes a variety of people from varied departments, it’s important to take a good look at departmental schedules, upcoming vacation time, and prior commitments when considering a go-live date. Develop your Process Catalog and Library Your Process Catalog and Library are the foundation for your upgrade. These resources will identify all the current processes and activities both within NAV and in other software programs. This list can be quite extensive and usually requires both your internal IT staff and your software partner to develop. Complete Process Comparison Once you have your Process Catalog and Library built, execute a cross-comparison of those processes and functions to what is included in native Dynamics 365 Business Central. It’s likely there is new functionality you can leverage to reduce or eliminate custom code and third-party systems. There could also be functionality that you had been using that is no longer included in Dynamics 365. AppSource and custom code development is available to fill any gaps between the native system and your business processes. Review Custom Code List out custom objects, models, layers, and ISVs within your current system. Assess each customization to determine if it is still needed, if it can be replaced by an app, or if it needs to be transitioned into Business Central. Consult with your software partner for assistance in completing each of these steps, Microsoft Dynamics CRM and NAV integration is more art than science, but this tip provides the steps and paths to some readily available tools that can help.
Microsoft Dynamics CRM and NAV contain overlapping data. By combining the sales data found in Dynamics CRM with the customer data stored in Dynamics NAV, you can gain advantages and improve operational efficiency. Many organizations initially use Microsoft Dynamics CRM, only to later decide that they want to take advantage of other Microsoft Dynamics products. One popular choice is Microsoft Dynamics NAV, an ERP application. Although Microsoft Dynamics CRM and NAV are separate applications, there are benefits to integrating the two. Linking Microsoft Dynamics CRM and NAV together involves establishing data synchronization. This means that CRM data can be accessed through NAV and vice versa. As such, the end users can choose to work primarily in whichever product is best suited to their jobs. Identical data is exposed in both applications, but the data may be exposed in different ways. Microsoft Dynamics CRM customers, for example, typically keep track of sales quotes through the use of accounts. When Dynamics CRM and NAV are integrated, CRM users can use accounts to access customer information associated with NAV. Similarly, NAV users are able to create new customers based on CRM data. NAV users can also access quotes, opportunities and cases within Dynamics CRM without leaving the Dynamics NAV interface. Of course, customer accounts are only one example of areas in which there is overlap between Dynamics CRM and NAV. There is also sharing of data related to users, products, transaction currencies, units of measure and sales orders. How to integrate Dynamics CRM and NAV Microsoft's answer to integration between Dynamics CRM and NAV is the Connector for Microsoft Dynamics. Integration can be established for both the on-premises and cloud-based versions of the software. Integrating Microsoft Dynamics CRM and NAV is more art than science. At its simplest, integration can be established by installing the Connector for Microsoft Dynamics, turning on integration and importing your data. Each of these processes is relatively simple, requiring only a few steps. Microsoft cautions customers that integration is designed to work without customizations, but for the best results, you must customize it for your business and customer processes. The integration and customization process is based around the concept of entity mapping. Entity mapping is a fancy way of saying that because Dynamics CRM and NAV are two separate products, they do not share a common set of records, and therefore, database fields in one application need to be mapped to a database field in the other application. For example, Microsoft Dynamics NAV uses the concept of customers, while Dynamics CRM uses the concept of accounts. Entity mapping is therefore necessary to tell the software there is a relationship between customers and accounts. For each entity that is mapped, there are four pieces of information required for each entity. The first is the entity name. Second, the connector needs to know the connector source entity -- a NAV customer card, a NAV item card or a NAV resource list, among other things. Third is the synchronization direction. Synchronizations can be bidirectional, but in many cases, data is synchronized only from NAV to CRM, or vice versa. The fourth and final requirement is the connector destination entity. This is the location where the data is being synchronized to. For instance, if the Microsoft Dynamics NAV entity is Customer, the Connector Destination Entity is Account. You can see standard entity mappings and get help with custom entity mappings on Microsoft's Developer Network. Note that entity mapping can be quite granular. For example, Dynamics NAV uses several different fields within a customer record, and these fields need to be mapped to corresponding fields within a Dynamics CRM account. The customer's name, for instance, is mapped to the CRM Account Name field. The NAV customer Phone Number field is mapped to the CRM account's Main Phone field. The demands of the manufacturers are increasing day by day. Management in their periodic plannings, staffings, organizing, controlling, directing of the warehouse activities. Warehouse Management System (WMS) is essential to improving the efficiency of the company’s warehouse activities and the operations. “Prudence Technology” offers the best ERP System Microsoft Dynamics NAV For Warehouse Management Software solution (WMS Solution).
Warehouse Management System that provides the configurable Supply Chain processes required by the companies to provide the better customer service and control operational costs. Highly advanced logic-based stock put away, collection and intelligent direct stock movement features in NAV helps dramatically control the labor costs and the space utilization. The solution based on its Service Oriented Architecture offers the full integration to sales, purchasing, logistics, and other 3rd party systems. ....... Read Full Article Also, Read ERP Fusion Is The Better Option Than Agile PLM.
Over the past several years, there’s been a lot of talk regarding Oracle Fusion and many people struggle to understand what exactly this means. Essentially “Fusion” refers to Oracle’s Cloud infrastructure (“Fusion” Middleware) and the development of new applications specifically designed for the Cloud and subscription services. More recently, Oracle has focused communications on the business process value and business use of these applications and now refers to these applications and underlying technology simply as “Cloud”. For the purposes of this article, we’ll use the term “Fusion” to describe the underlying technology for those that care, and the term “Cloud” to describe business applications delivered by Oracle in a subscription service model. Oracle has invested heavily in Fusion middleware and applications and this is one of the biggest areas of growth for the company. On a recent conference call with Wall Street analysts, Oracle CTO Larry Ellison reported seeing 100 percent growth for Cloud-based software. On the call, Ellison was quick to point out the hard work Oracle developers have put in to build its new Fusion applications from the ground up. “We built everything, everything from scratch,” Mr. Ellison said. “Every single line of code in Fusion HCM [Human Capital Management app] is new for the Cloud, every single line of code where Fusion ERP is new for the Cloud. And those new Cloud applications are based on by far the strongest platform.” “Over the past several years, there’s been a lot of talk regarding Oracle Fusion and Oracle Cloud offerings. This is part of a series of articles to help demystify these offerings and what they mean to you.” While much of the Fusion buzz to date has been around HCM and ERP, as an Oracle Cloud Fusion Co-Development partner since 2012, we can attest that exciting things are coming for Oracle Cloud Supply Chain Management applications in the near term. How Oracle Fusion became what it is today As recently as 2013, Oracle Fusion was divided into four software categories, including customer relationship management, human capital management, enterprise resource planning and supply chain management. At the same time, these applications were being delivered through the Oracle Cloud in addition to on-premises setups. The Cloud application suite had rapidly gained momentum and there was new functionality being added regularly – with major releases up to three times per year. If you fast forward to today, Oracle is going “all in” and accelerating their Cloud offerings. The current Cloud Applications suite includes CRM; Financials; Governance, Risk, and Compliance; HCM; Procurement; Project Portfolio Management; and SCM and within each of these groups, there are sub-categories that provide companies multiple layers of services and modules. In our supply chain space, Oracle had previously only scratched the surface of Cloud SCM applications up to release 9 with the following releases:
The Oracle Cloud SCM applications differ from previous Oracle applications software, such as Oracle E-Business Suite, in that Fusion was developed within a modular framework that enables many of the capabilities to be implemented as standalone solutions in a hybrid of Oracle Cloud applications with your legacy systems or as a comprehensive fully integrated Cloud suite. A major benefit to Oracle Fusion is its ability to integrate with these hybrid architectures of Cloud and legacy frameworks through their technical Cloud infrastructure and platform offerings that encourage external development within their open-standards architecture. Oracle’s Cloud applications are rapidly evolving in both breadth and depth of offerings and they have considerable momentum. I’m personally fortunate to work for a leading consulting firm in this space such that I am actively engaged in the adoption of these new technologies by working with our cloud center of excellence, helping to implement these Oracle Cloud ERP applications for our own production use, and advising client early adopters of Cloud SCM. These are exciting times. I hope you enjoyed this article and feel free to reach out to us if you want to learn more about Oracle Cloud applications. Keep an eye on this blog for more information about Oracle Fusion and Cloud and what it means to you. Read More Article At first glance, ERP(Enterprise Resource Planning) might seem like common sense. After all, what firm can be afford to plan its resources use poorly? What the enterprise has the ability to run its operations from day to day without thinking ahead?
However, ERP (Enterprise Resource Planning) is not simply the application of basic common sense to business practices (although that definitely comes into it). It is actually a recognized suite of software tools and processes which, when used together, streamlines corporate systems, focusing employee time and company money where it can generate the greatest return. A Crucial Tool in Dealing with Complexity The key focus of a well-designed ERP system solution is to reduce the complexity and allow the managers to know exactly what is happening within their organization. In most cases, modern firms grow, they become more and more complex. They spread geographically, adding the offices and the staffs. They add new product lines, which requires manufacturing processes and marketing campaigns. And they add the new tiers of management to cope with the complexity. All of the expansion has a cost – which is known as complexity. Left unchecked, company growth can lead to duplicated staff roles, loss of control over staff behavior, loss of quality control and poor communication – among many potential problems. That’s why successful firms are cautious about growing too fast or too easily. ERP is an important tool for firms that are seeking to expand safely. Although their operations and revenues are growing day by day, firms with an ERP strategy in place that works are able to keep their structures free of inefficiency. What Form Does an ERP System Take? ERP software systems are the primarily unifying tools, in that they bring important company processes like manufacturing, marketing, customer relationship management, inventory management, personnel, or product research under one umbrella. This takes the form of a unified IT package that can control all of the different -different processes at once. Most ERP packages are collections of the databases. They store company data as it is created, making it comprehensible for the managers and storing it for future use. This data could include anything from the bill of the materials to product stocks, unpaid invoices or purchase orders. If it affects the firm’s bottom line, it will be processed under the ERP software system.b What Kinds of Firms Use ERP? ERP software systems have been adopted most rapidly and extensively in the manufacturing sector. It is naturally suited to firms that need to balance the flow of the materials with purchase demands and the market conditions. This applies even more if the firm in question operates a just-in-time manufacturing strategy along with lean manufacturing principles. However, firms across almost all the sectors of the economy have begun to adopt the technologies. Any organization which relies on a combination of processes such as accounting, sales, human resources, and marketing can benefit from bringing them all together. This is just as relevant for public sector bodies and charities as small businesses. The Everyday Experience of ERP systems If they are implemented in a relevant and skillful fashion, ERP systems will allow all the employees to carry out their duties more effectively. Employees will have access to real-time information about their own department and that of others. They can coordinate more efficiently with each other, as well as with the managers. And they can benefit from the data that ERP software systems collect to plan their activities. From a management perspective, ERP (Enterprise Resources Planning) should provide a greater awareness of what is going on – in terms of successes and failures. It can highlight areas of waste, and areas where the productivity is lagging, and it provides a suite of analytical tools that can identify the emerging problems. Next To Read Oracle ERP Implementation
Prudence has a well-established Oracle practice that spans core Oracle and Oracle ERP applications. We have considerable expertise with Oracle Finance and Distribution and the Oracle E-Business Suite (oracle ebs) on application support environments. Prudence has highly evolved processes geared towards offshore development, with mature delivery models and methodologies in software development. Oracle Solutions
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Our team has expertise spanning several platforms, including Oracle applications, NT, UNIX, SUN, Linux, and databases such as DB2, DB2/400, Oracle, and SQL Server. Prudence has executed several projects involving application integration using products such as WebSphere MQ, LANSA Integrator, and See Beyond.
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What is Oracle ERP?
The Oracle ERP is a cloud-based software solution used to automate back-office processes and day-to-day business activities. It is a business management software suite that includes financial management, project management, supply chain management(Supply Chain Management Software), accounting, and procurement. Oracle ERP brings business processes together to boost the collaboration, drive business productivity, and support data-driven decisions. Benefits of Implementing Oracle ERP Oracle acts as one of the largest players in the ERP(Enterprise Resources Planning) market today. Oracle ERP offers an extensive suite of applications that allow businesses to make informed business decisions while accelerating performance and reducing the costs. With The Oracle ERP cloud solution, organizations are able to benefit from cloud technology to gain faster time to value and enhancing the scalability and the growth. Businesses are able to implement new functionality at a faster and more reliable rate compared to the conventional on-premise implementations. Oracle ERP benefits businesses by making reporting manageable and more customizable. With enhanced reporting functionality, companies can quickly acknowledge data requests without depending on an IT specialist or department. Locating the best certified Oracle technology partner is the key ingredient to a successful ERP implementation. Our certified Oracle developers ensure you to choose the right ERP solution for your business needs without jeopardizing data integrity or incurring any downtime. We modernize your organization's data infrastructure to streamline the disparate systems into one unified enterprise resource planning solution. Below we discuss the top 3 most common Oracle ERP modules beneficial to all businesses today: 1. Oracle ERP Financials One of the most important ERP modules to have is an ERP financial module. While every business may operate differently, financial data affects all the departments of an organization. The financial module in the Oracle ERP system gives the financial capability to empower the modern finance, expense management software, accounting engines, revenue management, and more. The three offerings in this Oracle module consist of the accounting hub cloud, financials cloud - consisting of expenses and budgetary control - and the Oracle Revenue Management Cloud. A great financial management module consists of an excess of features meant to manage all of your finances in your Oracle ERP System. The objective of this module is to streamline accounting and general ledgers, automate expense processing, and report on new KPIs with the cloud features like accounts receivables, accounts payable, and other related financial features essential to any business. 2. Oracle ERP Manufacturing Another essential ERP module that every business needs is the Oracle ERP manufacturing module. Businesses always need to know how much supply is left for incoming inventory estimates and order fulfillment processes. The goal of this ERP module is to provide complete inventory management and streamline production cycles as a component of the supply chain management system. This oracle ERP module consists of an inventory module, purchase order import module, process manufacturing, discrete manufacturing, and manufacturing intelligence. The Oracle ERP manufacturing module facilitates a complete set of reports and transactions for managing inventory control while compiling and analyzing real-time performance data to enhance the productivity and boost the profit margins. In addition, the process of manufacturing vs. discrete manufacturing offering provides organizations with the ability to streamline entire production cycles while ensuring multifaceted shop floor execution capabilities and manufacturing consistency. 3. Oracle ERP Procurement Manufacturing operations can rapidly fail if disconnected business systems and tedious manual processes consume time that should be allocated to strategic planning. The Oracle ERP Procurement module is an essential ERP solution that all businesses need in order to enhance the procurement operations while strengthening the bottom line. This module offers purchasing solutions that automate procure-to-pay transactions while enforcing negotiated pricing with approved suppliers. In addition, it can automate invoice validation via full integration with accounts payable, allowing for modernized procurement solutions. With self- service procurement, businesses can ensure the compliant spending from approved suppliers, allowing employees to make their own purchases with a user-friendly tool. The Oracle Sourcing Cloud helps manage sourcing goals, promote supplier competition, and make multiple bid evaluations across diverse criteria. Businesses can boost profit margins further with the ERP Procurement Contracts cloud module that ensures supplier compliance and performance. The ERP procurement supplier portal module gives organizations visibility into all source-to-settle activities with web-based connectivity and electronic invoicing. The Oracle ERP Procurement module now allows for improved insight and efficiency in a world where data-driven decisions and optimized procurement processes matter. Our Other Services
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