A lot of new ERP implementations come about due to financial reporting issues. More often than not, financial reporting difficulties can be traced to a Chart of Accounts (COA) which no longer meets the company’s needs. This situation results from the following: The original COA design did not allow for future growth. For example, account…
Whether you know anything about ERP implementations or not, chances are, you’ve heard that they’re pretty hard to pull off. Big brands like Hershey, Nike, and National Grid have lost hundreds of millions of dollars because of failed ERP projects, so it’s easy to assume there’s little hope for the rest of us. That said,…
This post is the fourth of our ERP implementation series. If you want to start from the beginning, or learn more about prior ERP implementation phases, take a look at: Navigating the ERP Sales Process: Successful VAR Selection Navigating the ERP Sales Process: Pre-Sale Requirements Review Preparing for ERP Implementation: Getting Started on the Right…
Too often, the ERP conversation focuses too much on high failure rates and lofty, but vague promises re: AI and automation, or the hidden power locked inside existing data sets. These tried-and-true bullet points strike the perfect balance between fear and possibility – aka they’re great for selling massively expensive enterprise software. The problem is,…
Project management is a business. As in any business, to survive, there is a constant need to add new goods and services to reach a larger number of customers, to drive sales. There are project management courses and schools. Degrees can be earned in project management at many universities and through various project management groups.…
Microsoft has announced that sales of on-premises versions of their SMB ERP solutions, including Dynamics GP (Great Plains) and Dynamics 365 Business Central on-prem, will conclude in October 2025. As business technology has evolved, most businesses are adopting cloud-based solutions like Dynamics 365 Business Central, which offers more flexibility, scalability, and security than on-prem counterparts.…
In part 1 of our customizations post, Customizations: Why, When and What to Look For we discussed how to research customization alternatives, secure and manage executive project support and stay within your company’s capabilities. Sometimes, after researching all customization alternatives, you might find that none are sufficient to meet your needs. At this point, a…
Cannabis growers and producers rely on entry-level accounting systems (like QuickBooks) and spreadsheets to run their complying with state regulations. Whether it’s entering data into a state-mandated system—like Metrc or BioTrack—or reacting to auditors who drop in for a surprise visit, there’s a lot of scrambling to manually compile all the data from the financials,…
Something seems off in the pricing for the vape cartridges you sell to one of your major retail customers. Or perhaps the terms for another customer that buys large quantities of edibles have been extended to 60 days, and you’re not sure why. Both cases illustrate the need for cannabis growers and producers to closely…
Overview General Ledger, journal entries (JE’s) are made for a variety of reasons. For example, JE’s are used to record GL adjustments, accruals and recurring entries (e.g. depreciation or expense allocations). If external systems are used and not integrated with the GL (e.g. Payroll), JE’s can be used to enter the external system’s transactions into…
