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The Value of BI in ERP Solutions

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While ERP solutions are the cornerstone for making data acquisition more efficient, Business Intelligence (BI) and analytics are at the core of high-level decision making in an organization. In fact, 48% firms claim  that cloud BI is critical to their business operations. In broad terms, Business Intelligence is the transformation of raw data  into actionable and meaningful insights that reflect upon the historical, current and predictive business trends and performance. BI tools allow companies to monitor Key Performance Indicators (KPIs) in real-time and take corrective actions; they’re like your organization’s eyes and ears. Simply having an ERP solution installed isn’t enough; you need to leverage BI tools to make the data work. BI enables you to push your business forward and stay competitive by facilitating data-driven decisions. Let’s look at some other ways how BI tools complement ERP solutions in driving a profitable business: Facilitates Predictive Analysis F
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Top 3 Perks of Using a Small Business Management Software

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Small business management refers to a set of strategies used by budding entrepreneurs to manage their operations. Due to a shortage of manpower, business owners are expected to be knowledgeable about a wide variety of business topics. They must be able to create financial reports, manage employees, acquire business assets, make timely decisions, and stay up-to-date with shifting industry trends.   Executing all of these tasks day after day is far from easy—and many fail. According to Forbes , less than half of all new businesses survive past the 5-year mark. To ensure that your business not only survives but also thrives in the market, you’ll need all the extra help you can get. In this article, we’ll go over the top 3 perks of using small business management software. Scalability During the early years, small businesses experience higher growth rates than their larger counterparts. One key benefit of small business management software is that it’s scalable. It accommodates
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Top 3 Benefits Of Integrating E-Commerce With ERP Solutions

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Long gone are the days of rough shipping estimates, multi-click checkout processes and unlikely product returns. The 21 st  century consumers expect full mobile functionality, end-to-end order tracking, fast shipping and friendly return policies. Your E-commerce site  can’t afford disconnected backend solutions in this high tech, fast paced world. Therefore, companies that integrate their web platforms with CRM and ERP systems enjoy higher conversion rates, enormous savings, streamlined administration and shorter order cycles. Here’s how an integrated E-commerce store enables great online experiences and powerful customer-service features: 1.  Cost Savings Reduced inventory and operational costs is one of the biggest advantages of integrating an E-commerce application with your ERP system. All the sales information appears in your ERP system promptly, and based on the information gathered from these web transactions, the ERP solution also updates the inventory. These r
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Is Your Food Product Labeling Missing All This Important Information?

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Food labeling is one of the main ways consumers get information on the product they’re buying. Food labels should be clearly visible  to consumers so that they can read off the information with ease and have a proper understanding of what the product contains. There are extensive rules and regulations that food producers must abide by in order to launch their product successfully. Depending on the kind of food and other factors, the rules are subject to change. However, there are a few basic rules that every food packaging must follow. Here we will discuss all the important information that food producers must provide on labels. Statement of Identity This refers to the common name that a food product has and not the brand’s name for the product. For example, a food producer that sells a variety of granola bars will have to mention the statement of identity as “granola bar” and not the specific name of that granola bar brand. Expiration Date and Storage Options The ex
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Food Companies Must Know What Chemicals Make Up Their Food Packaging

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Growing awareness of the harm that food packaging chemicals cause has led to regulations that require food companies to stop using them. Scientific evidence  has proven that largely ‘safe’ packaging materials react with food components to create chemicals that are dangerous to consumers. Obesity, cancer, and cardiovascular disease are just some of the harmful effects of the chemicals that are found in food packaging. Here are some types of food packaging and the harmful chemicals they contain. Takeaway Containers Convenient takeaway containers made the delivery of food items to our homes possible. However, these containers aren’t good for your body or the environment. When hot food products are placed within these containers, chemicals are released into the food, and eventually, into our bodies. These containers are made from materials such as Styrofoam, which has been shown to cause  conditions such as depression, weakness, fatigue, and even minor kidney problems. Styro
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Are You Using Best By Date for Your Food Product Labeling?

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“Use before.” “Sell by.” “Expires on.” The American food industry and consumers have struggled with these terms for years. The confusion about food safety leads to excessive food wastage. According to the U.S. Department of Agriculture (USDA) Economic Research Service, Americans discard approximately 133 billion pounds and $161 billion worth of food  each year due to safety concerns. To improve the quality of consumables and decrease the food wastage problem, the FDA decided to provide its own guidelines on labels  asking the food manufacturers to use “Best if used by,”  to show when a food product may be at its best quality. This guideline is now widely accepted and implemented in the food industry to store eatables. However, there are still some businesses that aren’t familiar with this practice. If you’re one of them, here’s why it’s important to introduce correct food labeling on your products. Understanding Food Labels: Food packaging should have all the necessa
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Post Go-Live ERP Optimization Tips

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Unfortunately, for many businesses, the effectiveness of ERP systems begins to decline post go-live or it doesn’t live up to the hype. New employees come in, business strategies are revamped, and workflows change while the system unsuccessfully tries to keep up. Reasons for failure are at times pinned to poor architecture, faulty implementations, or insufficient integrations. At its very core, less-than-impressive performance is due to a failure to incorporate the go-live phase within the ERP project plan. According to Technology Evaluation Centers , 50% of businesses are planning on upgrading or acquiring an ERP system, this wouldn’t be the case if there was a problem inherent to the ERP system itself. In this blog, we’ll go over a few post go-live ERP optimization tips that’ll help you avoid common problems. Adopt a Proactive Approach Even if there aren’t any complaints of system speed, it’s recommended to start measuring your system’s performance anyway. There’s a good ch
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