Top ERP solutions for your business

Investing in a reliable Enterprise Resource Planning (ERP) system is essential for a business to thrive in today’s global market. Many large businesses rely on an ERP in managing their operations particularly inventory, order processing, and production. The ERP also provides vital data about the revenue, orders, staffing, materials and production capacity of an enterprise. These important business activities can all be performed utilizing just one database management system with a user-friendly dashboard and accurate analytics.

Almost any industry or enterprise can use an ERP although it is commonly implemented in large industries such as manufacturing, pharmaceutical, banking, energy, agricultural, human resources, and retail.

Here let’s take a look at some of the best and well-known ERP solutions that might suit your business.

1. NetSuite OneWorld

One of the most widely used ERP solutions, NetSuite, offers an easily navigable hierarchal dashboard, straightforward report, customizable process workflow, and broad features that allow adaptability to different industries. According to NetSuite consulting experts from Tricension, a common problem with NetSuite OneWorld is that it can be a bit complex and difficult to implement. As such, you might need to hire a consultancy firm to help you simplify these complex processes and ensure a seamless implementation. But once in place, NetSuite OneWorld offers a comprehensive financial application that can be customized to the specific needs of your organization.

2. SAP

For almost fifty years now, the German software giant, SAP, has been perfecting ERP solutions. The SAP S/4HANA offers a real-time ERP for conducting digital business. It is equipped with SAP’s latest in-memory platform, SAP HANA, and offers customized, easy-to-use SAP Fiori. SAP S/4HANA can be deployed either on the business site or in the cloud. Regardless of the size of your business or industry, SAP S/4HANA can deliver value throughout your business.

3. Acumatica

Get a real-time view of how your business is doing with the use of the Automatica ERP system. This ERP solution offers a customizable mobile and cloud technology. An industry leader in the SAAS business management, Acumatica ERP solutions offers a suite with fully-integrated applications, run by a flexible and comprehensive platform.

4. DDI System

With over a thousand of wholesale businesses using the ERP innovation solutions of DDI System, one cannot question the capability of this ERP. Inform ERP, which is DDI System’s ERP solution, integrates real-time operations in financial management and inventory with fully functional customer related management, user-driven performance analytics, wireless warehouse management, sales and inventory management, and other features. All these are customized to meet the needs of your business.

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Article Credit: Agusta Free Press

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The future of ERP according to Pronto

Security, compliance and artificial intelligence are key focus areas, says the Aussie company’s MD.

Melbourne-based Pronto Software is an Australian success story in the highly competitive ERP (enterprise resource planning) market. Business IT spoke to managing director Chad Gates about software company’s plans for the coming year and ERP software in general.

A major focus area is security and compliance, Gates said. Laws concerning the mandatory reporting of data breaches in Australia came into force earlier this year, the EU General Data Protection Regulation starts being enforced on 25 May, and the Single Touch Payroll requirements will come into effect on 1 July.

“GDPR has everybody spooked,” Gates told Business IT, and is among the reasons why around 94 percent of Pronto ‘s new and upgrade business is now for cloud rather than on-premises.

The reasons why some organisations are staying with on-premises deployments include the need to optimise the return on previous infrastructure investments, regulatory issues (some public sector organisations have a restricted choice of data centres), and simply that IT departments want to keep control over their environments.

“People are wondering which cloud to trust,” because an opaque chain of providers can be involved. But Pronto owns its own cloud, he emphasised.

STP is “a big one,” he said. “We’re pretty much ready,” although testing and verification are still underway because STP has been “a bit of a moving target.” Thanks to a big effort by Pronto staff, Gates is confident that almost all customers will be able to go live with STP on 1 July.

Mobile app development has been accelerated, including the creation of a native iPad POS app for retailers that is being piloted with selected customers and will be made generally available later this year. Unlike most POS apps, it accommodates complex pricing algorithms and other features, he said, and is designed to handle high-volume situations such as pop-up stores.

Other features include full integration with Pronto Xi while still being able to operate offline, the option of using the iPad’s camera or a Bluetooth device for scanning barcodes, integration with payment terminals, stock availability at nearby stores, and daily reporting.

More generally, Pronto has done “a lot of work under the cove

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Article Credit: BIT

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Loot Crate ERP implementation leads to innovation

It isn’t often that an ERP upgrade sparks innovation, but that is exactly what happened when fan box firm Loot Crate partnered with NetSuite. Together, the companies created an assortment planner, which helps identify the best products to include in each crate and gain real-time analytics into business operations.

It’s now a core application for Loot Crate, the No. 1 player in the booming market for so-called “nerd boxes,” which are loaded with pop culture tchotchkes, such as a Back to the Future hoverboard replica or a Bill and Ted’s Excellent Adventure T-shirt and an array of action figures. Customers, known as “Looters,” subscribe to a crate that speaks to their fandom, but they won’t know what items are going to be included until the crate arrives.

SAP Leonardo: A Closer Look at a Year of Innovation

As SAP Leonardo turns one, businesses around the world are using its intelligence to achieve better results.

The path to digital transformation can be bumpy. Without the right strategy, technology, and partners, even the largest of companies cannot execute successfully. In fact, recent data shows that seven out of eight digital transformations fail.*

Sixty percent of human tasks will be automated by 2025. Voice and video recognition has become so sophisticated that we’re predicting 99 percent accuracy in the next two years. Image recognition is already 97 percent accurate, which is better than what a human can do. Trends such as these are changing everything from customer expectations to how employees work day-to-day.

The technology behind these changes is intriguing but the real story is about the business impact. There is more revenue to be made, more operational efficiencies to be found, better customer relationships to be built, and better employee engagement to be celebrated. Getting these results is not easy, but the opportunity is massive — value in the enterprise to the tune of $3.5 trillion dollars of opportunity.

Leonardo-SAP

Delivering the Intelligent Enterprise

Becoming an intelligent enterprise is about unlocking that value, plain and simple. To do that, your customer experience has to be the best, your employee experience has to attract and retain the best employees, your operations have to be efficient, and you need to beat your competition in the market. Every process that drives your business must be intelligent enough to help you do those things.

SAP responded one year ago by launching SAP Leonardo.

SAP Leonardo powers the intelligent enterprise, with intelligent technologies for every enterprise process, to create the best outcomes. SAP Leonardo has a comprehensive portfolio of technologies, but is not about the technologies, specifically.

Companies have been solving the same problems for a long time; problems such as cost optimization and efficiency gains. As new technologies emerge, there’s an opportunity to apply them to old problems to get a better solution. And while there will always be new technologies, SAP Leonardo focuses on a process to experiment with them that’s less expensive, less risky, and where past successes can be leveraged and repeated. And because we already have expertise in these technologies, customers don’t need to build new expertise and teams around them.

SAP Leonardo: Intelligence Inside the Intelligent Enterprise

Innovation is not about using technology for technology’s sake, it’s about applying the right technology in the context of your business process to drive a better outcome from that process. Industry and business process expertise means that SAP can apply the right intelligent technologies at the right points in a business process to deliver tremendous value and improve the outcome. SAP customers get access to SAP Leonardo in three ways:

  • Embedded in SAP applications: From SAP Ariba to SAP Hybris offerings and SAP S/4HANA, we are adding intelligence to SAP applications. When you use the intelligent capabilities of these applications, you are using SAP Leonardo.
  • Industry innovation kits: Pre-integrated capabilities that repeatedly accelerate solutions to common industry problems.
  • Open innovation:  Take a best-in-class approach to innovation, using intelligent technologies, on SAP Cloud Platform.

Regardless of how you access SAP Leonardo, you will gain intelligent capabilities, applied to business processes, that create better business results. And what are some examples of such results?

Delivering Previously Unattainable Business Outcomes

Over the past year, we have examined the data with our SAP Leonardo customers, and we’ve seen how analytics drives better decision making, giving customers the opportunity to optimize marketing campaigns, deals in the sales funnel, and growth in their top line. We’ve seen machine learning bringing efficiency to processes that are heavily repetitive. Such automation allows customers to deploy resources to do more meaningful work, reducing expenses and energizing employee engagement.

We’ve also seen maintenance costs go down and productivity rise, whether it’s choosing machine learning, artificial intelligence (AI), the Internet of Things (IoT), or any combination. For instance, our customers have leveraged IoT so that connected workers can perform in a safer work environment, leading to a healthier set of employees.

Trust Matters

Many companies that want these types of outcomes don’t know how or where to start. What they do know is that SAP is a trusted partner that deeply understands their business. With 77 percent of the world’s transaction revenue touching an SAP system each day, SAP is the system of record for the processes that matter most.  There are customers in dozens of different industries, and a global reach of more than 388,000 customers in 180 different countries. With an end-to-end portfolio of technology innovations, our customers know that SAP delivers solutions to their most pressing business issues.

Design Thinking in Action

As we celebrate its first year, the growing excitement about SAP Leonardo is amazing. We’ve seen incredible momentum and engagement, particularly around the five recently opened SAP Leonardo global design centers. This network showcases digital innovation and provides learning and enablement resources for customers, employees, and partners.

Within the SAP Leonardo Center locations, SAP Leonardo comes to life. Visitors can find the centers in New York, Paris, São Leopoldo, Bangalore, and most recently, Singapore. To date, more than 6,200 people from 1,300 companies have visited the various centers worldwide.

Adding Expertise: Industry Innovation Kits

New technologies will always be on the horizon, but businesses can’t invest the time, people, and financial resources to try them all. SAP Leonardo focuses on a process to experiment with them that is less expensive, and less risky, and where proven success with one customer can be leveraged by others.

SAP has deep knowledge across 25 different industries. Over the past year, our design-led approach and pre-integrated industry innovation kits were the key to success in discrete manufacturing, energy and natural resources, and in consumer industries. We currently have 23 SAP Leonardo industry innovation kits, including five newly launched at SAPPHIRE NOW this year — for telecommunications, retail, consumer products, sports and entertainment, travel and transportation, chemicals, utilities, life sciences, oil and gas, and mining.

SAP Leonardo in the Retail Industry: Acuity Brands Atrius IoT Solutions

Retail is one of the mainstays of the global economy, but increasing competitive pressure from e-commerce is causing massive disruptions in the industry. Smart retail companies are figuring out ways to become increasingly relevant in this changing landscape by offering unique experiences to their customers.

As North America’s largest lighting manufacturer, Acuity Brands has long been providing lighting, lighting controls, and building management solutions for its customers. The company is also providing connected building technology solutions that allow its customers to transform their buildings from cost centers to strategic assets.

You’re probably familiar with LED lights and how they’ve transformed the lighting industry. What you may not know is that there are lighting control systems that connect those LED lights to each other, to other building systems, and to the cloud. Acuity leverages that new digital infrastructure as a dense sensory network that improves operations in the businesses that reside in those buildings.

SAP and Acuity are working together to enable our retail customers to build new generation experiences. Customers of Acuity Brands Atrius IoT Solutions get insights into shoppers’ behaviors, like knowing the path that customers take as they walk through a store. Data gathered from the length of time they spend in each area, for instance, allows stores to intelligently improve targeted promotions. They can gain valuable insight about shopper traffic and engagement throughout the physical store. Merchandisers can use these insights to optimize product assortments, store layouts, and shelf stock availability.

A Big Idea for an Intelligent Future

Becoming an intelligent enterprise is a bold challenge and an opportunity to unlock massive value. By adding intelligence to key business processes, organizations can drive better results: higher sales, better customer experiences, improved worker safety, and so much more.

In its first year, SAP Leonardo has helped businesses achieve some incredible results. If you haven’t already, visit an SAP Leonardo Center near you and see the power of design thinking, intelligent technologies, and how businesses are accelerating their digital innovation.

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Amazon Chasing Netflix For Black Content Creators

Amazon just made its latest move in the ongoing chess game with Netflix for top black producers. Jordan Peele, the writer and director of the hit film “Get Out” has signed a deal that gives Amazon a first look at his Monkeypaw Production company ideas for television series. How important is it for these streaming giants to tap into shows with a strong black identity as a way to increase subscribers?

The Breakdown You Need to Know

Amazon CEO Jeff Bezos has made original content one of Amazon’s most public endeavors, even though they’ve never released figures for their total audience. The company is expected to spend about $5 billion on new original programming this year alone. This amount of money would mark just a drop in the bucket for a company projected to make $234.22 billion in its 2018 revenues.

CultureBanx notes Peele is joining the influx of black producers and creators teaming up with streaming companies. The Obama’s just inked a multi-year storytelling contract with Netflix to produce series and films under their company Higher Ground Productions. Netflix also has a multi-year content deal with award-winning showrunner Shonda Rhimes for reportedly $100 million.

Actor Tiffany Haddish, and directors Spike Lee and Ava DuVernay are among the other black people who have worked with Netflix. It’s also rumored ABC’s “Black-ish” creator Kenya Barris might join the team. Notably all of these creators have developed black-related content.

Netflix being the major player in the space has 125 million subscribers spread across 190 countries. The company is investing up to $8 billion in original content this year, which is significantly more than what Amazon is willing to do, as it looks to expand its subscriber number. New subscriptions for Netflix during the first quarter included more than 2 million U.S. users, which represents a growth increase of 50% compared to 2017.

For both Amazon and Netflix this push to collaborate with black creators makes perfect sense. If we look at traditional TV viewership, Nielsen found shows with a predominantly black cast or a main storyline focused on a black character are drawing substantial non-black viewership. This is clearly something Netflix has picked up on especially with Shonda Rhimes. Her “How to Get Away with Murder” show draws an audience that’s 69% non-black and her other hit “Scandal” had a 68% non-black viewership.

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Article Credit: Forbes

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Seattle fought Amazon … and Amazon won

This week, the Seattle City Council voted to undo a new tax that would have made big businesses pay per employee to generate money for public housing and help for the homeless. Seattle’s housing costs and homeless population have both exploded in recent years as the tech industry — mainly Amazon — has brought higher salaries and lots more jobs. But Seattle businesses, including Amazon, pushed back hard on the new tax. One month after it passed, the city council flipped the reset button. Mike Rosenberg, a reporter covering housing at the Seattle Times,  spoke with Marketplace Tech host Molly Wood about whether it was normal for businesses to fight city policy as hard as they did. The following is an edited transcript of their conversation.

Mike Rosenberg: There’s sort of this idea of “Seattle nice,” where you don’t really have so much hostility going back and forth, and particularly from Amazon, which really has been very quiet. I mean, it’s hard to get them to comment even on a lot of their own plans that they have with the city. And so for them to come out at all was some sort of comment on what was going on. But then you had other companies like Starbucks and smaller companies come out and not only say things that were critical of the city council but put that into action by launching this whole campaign.

Molly Wood: Does that speak to the proposal itself? Was there something about the head tax, was it too expensive? Or was it sort of a rebellion against the idea that business is creating these housing problems?

Rosenberg: On one hand, it was the idea of “OK, we’re job creators. We’re trying to make the city a better place by adding more jobs, and you’re going to tax us literally for every extra drop that we create” sort of sat wrongly with businesses.

Wood: I think there’s a little bit of this wave happening in the country, right? Where people don’t know who else to blame and so they’re saying, “These companies are creating these conditions. They need to be part of the solution.” Do you think that’s still the feeling in Seattle?

Rosenberg: Yeah, I think everyone sort of has their own bogeyman that they want to blame. You know, I think it’s a combination of a lot of things, but I think for people it’s a lot easier to point the finger. And the biggest change here in Seattle, which used to be a middle-class city where you could afford a house on a regular salary, is that Amazon came in and changed Seattle into the biggest company town in America, where we have all of a sudden 45,000 employees making $100,000 that weren’t here just eight years ago.

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Article Credit: Wesa

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3 Things Amazon Still Hasn’t Figured Out At Whole Foods 1 Year In

More work to be done.

One year ago Saturday, Amazon (AMZN – Get Report) shocked Wall Street by announcing its plan to acquire struggling Whole Foods Market for $13.7 billion. But not everything has gone according to the online retail giant’s plan. Here’s a look at what Amazon still hasn’t been able to figure out at Whole Foods.

High Prices

Shedding Whole Foods of its “whole paycheck” moniker was one of Amazon’s primary goals when it first took control of the health food chain in August 2017, but the price cuts didn’t continue into the new year.

“Shoppers have noticed a lot of pricing changes at their local Whole Foods since the acquisition by Amazon, but how did those price changes compare to other local stores?,” Andy Ellwood, co-founder of grocery price comparing app Basket asked. “Basket showed all local shoppers that while some eye catching reductions on popular items were actually the lowest those items had been in the past few years at Whole Foods, other ‘sales’ were simply getting the prices back to previous everyday prices.”

Customer Service

In the year since the deal, the company has been plagued by complaints over messy stores and out of stock signs, upsetting faithful customers used to Whole Foods’ robust customer service while failing to attract thrifty Amazon shoppers.

“The two business models are opposite in strategic positioning, and more importantly, in the appropriate supply chain infrastructure to make them successful,” Burak Kazaz, Professor of Supply Chain Management at Syracuse University’s Whitman School of Management, said. “They were able to reduce costs and drive a higher demand. However, this created a bigger problem of shortages, which hurts the current positioning of Whole Foods on the service dimension.”

Kazaz still thinks it isn’t too late for Amazon to turn Whole Foods around, however.

“Once Amazon learns how to balance these risks and plan better, it will be time for Whole Foods to steal market share from its competitors like Walmart (WMT – Get Report) ,” Kazaz said.

Prime Benefits

Adding another selling point for Prime memberships is one the best long term benefits Amazon got from purchasing Whole Foods, Gordon College finance professor Alexander Lowry said, but Amazon has yet to roll out the benefits nationwide. Prime members can save 10% on select items at Whole Foods and get free two hour delivery only in about half the country.

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Article Credit: TS

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