Enterprise Resource Planning, or ERP, is the management of all the information and resources involved in a company’s operations by means of an integrated computer system. It was first defined by Gartner in 1990 to represent a system to manage traditional distribution and discrete manufacturing organizations with repetitive processes. It first encompassed manufacturing resource planning,…
Cost of Maintaining Legacy Systems Many project-driven organizations still maintain legacy software solutions for a variety of reasons, but they are very costly to maintain and support. Many believe that maintaining legacy systems is more expensive than modernizing them. According to the United States Government Accountability Office, ten of the government’s legacy systems cost approximately…
When it comes to Enterprise Resource Planning (ERP), one size does not fit all, especially for project-driven companies. Project-driven work has clear goals, milestones and deliverables and a defined start and end date. Projects may take hours, months or longer — the duration varies with every project and business need. But the work is aligned…
Background A multigenerational family-run business headquartered in California, the team at Westerlay Orchids has a simple mission: to grow the most stunning and highest quality orchids. Westerlay’s path to producing some of the finest orchids available stretches back generations of horticulturists to the greenhouses of Holland. Company founder Joop “Joe” Overgaag was a greenhouse farmer…
An accurate budget is the basis of effective business management. Today, most companies prepare a financial budget. Some build budgets at an extremely high level (e.g., sales, cost of sales and expenses), others build a detailed budget (e.g., sales detail by type, expenses by department, capital spending, projects). Companies may also budget the Balance Sheet…
The medical device industry faces unique challenges when it comes to supply chain management. Suppliers and manufacturers must navigate strict regulatory requirements, ensure product quality and safety, and maintain a reliable flow of critical medical devices. To get ahead of these challenges – and those just now appearing on the horizon – medical device companies…
For medical device companies, track and trace software plays a crucial role in ensuring regulatory compliance, enhancing supply chain visibility, and facilitating efficient recall management. These platforms capture details about a product or asset, so you can track its status across the entire value chain. It’s similar to the concept of establishing provenance for historical…
When most people think of automation, they think of greater efficiency — and to be sure, that’s one of the biggest reasons to automate time and resource intensive processes. But these digital tools can offer benefits you might not have considered, especially when you use solutions from Avalara to manage tax and other regulatory obligations.…
In the ever-evolving realm of business, adaptability is the cornerstone of success for finance leaders. As the horizon of 2024 approaches, the call for agility, and efficiency grows stronger. The partnership between Velosio and KwikTag by Paymerang is an exemplary testament to addressing these challenges head-on, particularly in the domain of invoice management. KwikTag by…
When working with greenhouse growers, I often find that they are making their jobs much harder than necessary by operating in siloed environments. I’ve said this before, but do you find yourself pulling off “daily acts of heroism” to gather the information needed to make business decisions? It doesn’t have to be so hard. More…
