It takes a rock-solid ERP strategy to maximize the value of this high-stakes investment. A strong ERP strategy not only ensures a smooth implementation, it also enhances operational efficiency, improves decision-making, and drives growth. Unfortunately — building such a strategy is neither easy nor intuitive. This process involves a ton of careful planning, strong, cross-functional…
For those unfamiliar, NetSuite boasts an extensive range of built-in features. In fact, most of what you encounter on the platform is its native functionality. While many businesses might not utilize every feature available, it’s undeniable that NetSuite offers a comprehensive and diverse product suite. This article provides a Guide to NetSuite efficiency. In a…
For technology service providers, customer churn is a top challenge as we move towards 2024. According to Gartner, through 2025, technology service providers must adapt to changing buyers and buying conditions driven by transformed organizations and technology buyers within them. Business-driven and line of business (LOB)-resident technology buyers will drive more purchases, hastening moves to…
Background Fin Feather and Fur, a regional sporting goods retailer, found themselves managing their business with Oracle’s JD Edwards ERP solution, a system not inherently designed for retail. Set up to fit the solution instead of their business processes, they were able to operate their retail business, but it was clear the solution was not…
Engineers will continue to face challenges in 2024 including rising material costs, inflation, supply chain volatility, and skilled-labor shortages, while still needing to respond quickly to customer demands. Speed and quality are the two top priorities that customers expect from their engineering and construction partners. To meet these demands, engineering firms must invest in Industry…
Since the role of an architect is inherently creative, it is hard to put a price on every dash. However, to keep utilization and billable hours high, architects need to understand how much what they’re designing will cost so that they’re not setting client expectations too high or having to fix blueprints later. Homegrown or…
For project-driven organizations, every hour lost from designing or planning projects impacts the bottom line. Even so, many project-driven organizations still operate with a bevy of spreadsheets in a siloed environment. Homegrown or legacy solutions do not allow these organizations to consolidate and analyze data, stay on top of change orders, or collaborate effectively. Many…
Project-based organizations that are still utilizing legacy systems today have a host of potential system failure, compliance, and integration concerns. There are a number of reasons why organizations hold off on a digital transformation. One of the biggest is a fear that a “big bang” implementation will disrupt business. Although it might appear as though…
The ability to collect payments faster is more significant than ever. The economic landscape is increasingly volatile, with fluctuations in market conditions and currency values. This unpredictability makes it crucial for businesses to maintain a steady cash flow to ensure stability and resilience. Secondly, the rapid pace of technological advancements has raised customer expectations. Consumers…
Project accounting is an overly broad term. Its most general definition is processing financial transactions by project including costs, billings, and revenue. In reality, project accounting can be much more than that. What constitutes project accounting in a company is based on several factors including company type, the number of projects and company size. Companies…