ERP ROI

I’m a big believer in the power of reporting to help guide change management in large organizations. One of the biggest changes any organization can take on is the implementation of a new MRP or ERP solution. Sadly project teams usually don’t remain involved past a few support days once a new system is live. Reporting is usually lumped into these days with limited success. This leaves the organization at a disadvantage, and leads to lower ROI on what is usually a large investment. The project team don’t stay to ensure the data, people and processes have evolved to work with the new system. Management considers a project successful when there are no major disruptions and costs remained low, a low bar indeed.

MAXIMIZING ROI

Installing a system, setting up master data, and turning on the lights are only the first steps in any implementation. How are people adjusting? What does the team find frustrating and limiting? Do they have the training they need? Do they understand what the new data is telling them? These conversations are critical for maximizing your return on investment.

This becomes an iterative process to help the team understand what is possible outside the confines of your old system. This requires patience to limit business disruptions and errors, and allow a team to grow.

An implementation that maximizes ROI empowers employees to take ownership of the quality of the data they work with. Business intelligence customized to your environment should help employees see how their actions can improve the customer experience and the bottom line every day.

ARE YOU LEAVING GAINS ON THE TABLE?

To power up your ERP email [email protected].

Manchester Integrated Solutions

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Investment Priorities in Business

INVESTMENT PRIORITIES IN BUSINESS

The recent challenges for banks has highlighted the need for flexibility and the ability to adapt. See this article in the Entrepreneur about the inflexible work culture of Credit Suisse.

INVESTMENT FOR A HYBRID WORK ENVIRONMENT

With changes in the business environment in many industries there is a huge need for investment to empower and retain top talent.

Business intelligence and financial reporting are critical areas that require a robust technological infrastructure and the right tools for seamless communication and collaboration.

Organizations need to invest in technology that enables their teams to work with data from various sources. This includes tools for data integration, data warehousing, and data visualization. With the right systems in place, teams can collaborate and share insights in real-time, regardless of their location.

Businesses need to invest in reporting that integrates with operations systems to maximize flexibility and accuracy.

Remote work requires effective communication and collaboration between finance and non-finance teams. Finance teams must work closely with operations to ensure that reporting structure is consistent with the overall business goals.

BUSINESS CONTINUITY

Business continuity planning requires effective communication and collaboration among team members, especially in a remote work environment. Organizations need to invest in tools that will help employees communicate, share, and collaborate on critical tasks.

SUMMARY

Investing in the right tools is critical for supporting hybrid and remote work, and keeping both employees and customers happy. Ensuring your teams have access to the tools they need will lead to improved business performance and outcomes. Businesses are learning every day, data is key.

For help building your business email [email protected]

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