ERP Solutions: Confidence on the Business Pitch
Stripped of their kit, and at the most basic level, ERP systems integrate all the core processes needed to run a company. They combine all the essential silos including finance, manufacturing, and supply chain to facilitate the flow of real-time information across departments tactically placed along your pitch.
This company intelligence enables data-driven decision and performance management, meaning you can eliminate information bottlenecks by automating your core business processes. You improve as the game goes on.
In turn, this stabilizes regulatory compliance and transparency, and fast-tracks reporting and risk reduction, all the more critical now that the General Data Protection Regulation (GDPR) has been implemented and Clients Assets Regulation CASS is in full swing.
ERP Transformation: Get the Ball Rolling
As discussed, the main feature of ERP systems is a shared database that supports multiple functions used by different business units. In practice, this means that employees in different divisions—for example, sales and HR—can rely on the same information for their specific needs.
Further, ERP solutions play a pivotal role in backend office operations, inventory management, accounting, and asset management. When first developed, ERP systems were used mostly for large manufacturing companies, but today they benefit organizations of all sizes and across all industries. In fact, ERP systems are continually evolving, and a one-size-fits-all strategy will get you nowhere, very quickly. It’s an own goal.
Successful ERP Transformation leans towards a more flexible and service-centered architecture so we can leverage the potential of machine learning to optimize internal business operations.
It’s a game of two halves
ERP transformation also paves the way for better migration, integration, and business intelligence that can link multiple data points throughout an organization, building a more comprehensive picture of the way the business operates. While there is certainly an initial transformation expense, bringing in a company-wide standardized software solution to streamline your processes, reduce human error, and easily extrapolate data analysis will result in long-term benefits… just like paying the transfer fee of a top-flight footballer!
Hot Topic: View webcast recording “7 Steps to ERP Transformation” with Signavio Head of Strategy, Mark McGregor.
ERP Transformation: Goals and Tactics
ERP transformations mean large-scale changes, which are more profound than mere updates, the addition of a new module, or the general implementation of extra features to an existing system. ERP Transformation needs strong business tactics that support your team’s efforts during the company-wide disruption, and ultimately quantum leaps in improvement. It is also crucial to have in mind that technology, as critical as it is, is by no account the sole ingredient in ERP advancement.
ERP Transformation: Red Card!
Business leaders should not underestimate the importance of change management in achieving ERP transformation success. The company-wide modifications that occur through ERP transformation reach across people, processes, customers, technology, data management, and risk management.
ERP Transformation: Back of the net!
With new intelligent ERP transformations, there is a massive opportunity for businesses to optimize all of their resources, improve business processes significantly, and lower costs.
The benefits of ERP transformation include the ability to:
- Develop systems of differentiation versus the use of systems of record
- Make smarter use of process data to evaluate and accelerate change
- Reconfigure your staff and budgets
- Improve your strategic planning
- Improve your company culture
But the top “tiki-taka” play to successful ERP transformation is ensuring full business optimization and quick-step responses, from the perspective of your people, business process, and your organizational culture. A holistic approach to ERP transformation enables better change-acceptance and steadier disruptive patterns.
After all, you can’t score that winning goal if you don’t play as a team.
Webcast Recording: Be in the know
7 Steps to ERP Transformation with Signavio Head of Strategy, Mark McGregor.
Mark McGregor is Head of Strategy at Signavio. A former Research Director at leading IT industry analysis firm Gartner, Mark has an extensive background in enterprise architecture, business process management, and change management, having held executive positions with a number of technology companies.
Mark has authored or co-authored four books on business and process management, including “Thrive! How to Succeed in the Age of the Customer,” “In Search of BPM Excellence,” and “People Centric Process Management.” Widely respected for his knowledge and views on business change, he is the creator of “Next Practice” and has variously been described as a “BPM Guru,” a “Thought Leader,” and a “Master of Mindset.”
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