Enterprise Resource Planning

Benefits of ERP: Advantages and Disadvantages of an Enterprise Resource Planning System

Deciding which technologies your businesses should and shouldn’t invest in is difficult, to say the least. On the one hand, you want to be the one responsible for innovation and growth within your company. But you also don’t want to be the one to pull the trigger on a failed project. So, is an ERP software investment worth the risk? To find out, you need to weigh the benefits of ERP, specifically how ERP system advantages and disadvantages breakdown when compared against each other.

Kim O'ShaughnessyBenefits of ERP: Advantages and Disadvantages of an Enterprise Resource Planning System
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How Do ERP Systems Work?

There’s a large number of available software solutions on the market for a wide range of processes. Whatever your business is, there’s likely already a software solution out there that meets the specific demands of your industry. One solution that companies of all sizes tend to purchase is ERP software. ERP stands for enterprise resource planning. But what exactly does this term mean, and how do ERP systems work? We’re glad you asked. Read on to learn more about what exactly ERP entails, basic features of the software, installation and implementation.

Lindsey JenkinsHow Do ERP Systems Work?
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ERP Strategy: What to Keep in Mind Before Implementation

When you’re buying software, it’s important to keep in mind the various costs associated with implementing an ERP solution, in addition to the price of the license. Due to factors such as cost and scale, it is especially important to develop a specific ERP strategy for your business before you make the move to implement your solution. After all, you wouldn’t buy a house before having an inspection done or getting your financial affairs in order. It’s the same premise with ERP software.

Lindsey JenkinsERP Strategy: What to Keep in Mind Before Implementation
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How ERP Contract Management Boosts Business

ERP software contains a variety of features that vary from vendor to vendor. Some ERP features are pretty standard across the industry, but there are additional modules and add-ons available on a case-by-case basis that can assist your business with more specific needs. ERP contract management is one of these special features that can speed up manual workflows and increase revenue.

Lindsey JenkinsHow ERP Contract Management Boosts Business
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ERP Components: The Core Parts to Enterprise Resource Planning

ERP software has a wide range of features and add-ons available from vendor to vendor. However, you don’t want to put the cart before the horse by looking at add-ons before locking down the main ERP components that you need present in your software. You wouldn’t go to a car dealership and start asking about customized rims before looking at features such as mileage and safety ratings. The same thinking applies to ERP systems.

Ultimately, ERP software is very modular and you can usually pick and choose which features you want to have present in your solution. We’ve created this list of six of the most commonly desired features to help you formulate an idea of some of the functions you might be interested in having for your business needs. But first…

Lindsey JenkinsERP Components: The Core Parts to Enterprise Resource Planning
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8 Reasons Why ERP Systems are Important in 2019

With the global ERP software market expected to be worth $41.69 billion by the year 2020, the impact of these systems is evident. While that number is impressive, those who’ve never used the software may find it difficult to understand why ERP is important to their business. But as globalization squeezes the market for many industries, it’s essential to seek out any and all tools to give your business a competitive edge. For many companies, this is achieved through the use of ERP software.

Kim O'Shaughnessy8 Reasons Why ERP Systems are Important in 2019
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ERP Requirements Template and Checklist

According to Ed Featherson, VP of Cloud Technology Partners, it’s very common for buyers to spend too little time gathering their ERP requirements. Understandably, many buyers focus on how their current processes will transfer over into the new system. However, ERP software is more than a replacement for pen and paper. It’s quite transformative when used correctly, but the only way to do that is to think about that transformation from the beginning. To accomplish this, it’s important to think about everything an ERP system offers. To help you get started, we’ve created an extensive list of the most popular ERP requirements and features.

Kim O'ShaughnessyERP Requirements Template and Checklist
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SAP vs Oracle: Which ERP Software Wins in 2019?

With all the research you’ve done so far, your motivation to find the perfect ERP might be waning. But, wait! You’re so close! As the top two solutions on our Enterprise Resource Planning (ERP) Leaderboard, it’s likely that many of you have already narrowed down your choices to these two products. But when deciding which ERP software to invest in for your entire business, confidence is key. Are you fully aware of the difference between SAP and Oracle?

Kim O'ShaughnessySAP vs Oracle: Which ERP Software Wins in 2019?
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Compare Best Cloud ERP: Which Systems Win in 2019

In 2019 and beyond, the factors that drive organizations to compare cloud ERP (enterprise resource planning) systems often begin with a few strong focuses. In particular, product quality, production and process monitoring, an increased use of analytics and business intelligence (BI) applications and the need for greater mobility are becoming necessities for companies adopting new ERP software.

Kim O'ShaughnessyCompare Best Cloud ERP: Which Systems Win in 2019
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EAM vs ERP: A Comprehensive Comparison of the Difference Between Them

The business software world is full of buzzwords, some of which are so similar they can be very confusing. For example, what is the difference between EAM and ERP? While these two acronyms may seem similar, they actually refer to very different types of software. Let’s break down the differences between EAM vs ERP.

Bergen AdairEAM vs ERP: A Comprehensive Comparison of the Difference Between Them
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Unique Industries Served by ERP Solutions

ERP, also known as enterprise resource planning, has always had deep roots in the manufacturing sector. The term was originally used to describe the MRP systems of the 1990s that were also able to manage things like accounting, human resources and more. But in the 40 or so years since the term was coined, the ERP industry has undergone major changes. This has prompted many professfionals to ask the question, “What industries use ERP software?”

Kim O'ShaughnessyUnique Industries Served by ERP Solutions
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The Best SME Accounting Software

Imagine what would happen to your business if you woke up one day, started running through your balance sheet and discovered huge discrepancies. (Houston, we have a problem.) Accounting is a fundamental part of running a successful business, and accounting software for SMEs — small and medium-sized enterprises — can often mean the difference between business bang or bust. Use the right SME accounting software and everything runs like a well-oiled machine. Choose the wrong one, and you’ll break the bank — literally.

Zachary TotahThe Best SME Accounting Software
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ERP Software Demo Best Practices To Reduce Vendor Confusion

In order to narrow down the choices for an ERP software solution for your manufacturing company, it’s beneficial to utilize planning and forethought to reduce vendor confusion among your various ERP options. Due to the amount of time and effort companies spend on ERP discovery and product demonstration, effective preparation is recommended to provide maximum value and reduce the blurring of vendors during your search. Carefully planning your ERP demo assures that your company’s needs are met, your questions are answered and all requested information is available to facilitate a well-educated ERP selection.

Daniel EricksonERP Software Demo Best Practices To Reduce Vendor Confusion
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Discrete ERP Market Guide

According to Statista, the ERP market is expected to reach almost $85 billion in 2021. As ERP software technology becomes more affordable and the manufacturing sector more competitive, manufacturers of all sizes are increasing their efforts to adopt enterprise resource planning (ERP) technology. For some manufacturers, this means adopting a discrete ERP. The main reasons for the high acceptance of ERP will be discussed further below.

Gabriel GheorghiuDiscrete ERP Market Guide
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ERP Software Trends: What You Should Know for 2019

An ERP software system is often one of the biggest investments a company will have to make. Not only is it a major financial decision, but an effective solution can impact all parts of your business, like human resources, accounting, manufacturing, marketing and more. As such a critical component of business, buyers should research not only what’s currently available, but also what ERP software trends are coming down the pipeline.

To help our readers out (and sate our own curiosity), we spoke with several leaders about what ERP trends we might see in 2019 and the years to come. Between a movement to the cloud, disruption cycles, competition from Amazon and more, it looks like 2019 is shaping up to be an exciting year for ERP.

Kim O'ShaughnessyERP Software Trends: What You Should Know for 2019
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What is Project-Based ERP?

Experts in software are continually asked, “Is ERP dead?” But frankly, this question isn’t very useful. As the disruption cycle shortens, ERP software vendors are continually adding the features and functionality their customers need to succeed. While one ERP may be ineffective for your company, there’s likely another that could be very beneficial. For instance, many businesses that don’t find traditional ERP useful are looking towards project based ERP.

Kim O'ShaughnessyWhat is Project-Based ERP?
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ERP RFP Template and Step-by-Step Guide

According to a 2018 report from Panorama, 28 percent of respondents described their ERP software implementation as a “failure.” What’s more, that’s a two percent increase in the rate of reported failures from their study in 2017. While nobody has all the answers on why the failure rate is so high, one reason may be that businesses simply don’t have enough information to make an educated decision.

Kim O'ShaughnessyERP RFP Template and Step-by-Step Guide
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Process Manufacturing ERP Software Market Guide

Although the manufacturing industry employs far fewer Americans than it did 50 years ago, there are still sectors thriving and even experiencing substantial growth. Interestingly, most of these sectors belong to the process manufacturing sphere. As the name implies, process manufacturing refers to the processing as well as combination of raw materials and ingredients to create finished products. To deal with the specific challenges in this field, many businesses turn to process process manufacturing software.

Gabriel GheorghiuProcess Manufacturing ERP Software Market Guide
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11 Manufacturing KPIs Your ERP Software Should Track

As you likely know, manufacturing is one of the biggest industries around the globe. According to The World Bank, manufacturing added over 12.3 trillion USD in value globally in 2016. While there are many industries within manufacturing, there’s still an enormous amount of competition and pressure to produce goods quickly and cheaply. However, the right manufacturing software (ERP) can help your company track manufacturing KPIs.

Kate M. Orbeck11 Manufacturing KPIs Your ERP Software Should Track
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