As we move further into the 21st century, more and more businesses are making the switch to cloud-based ERP systems. This is in part due to the many advantages that these systems offer, including increased flexibility, scalability and agility. However, as with any major change in business operations, there are some risks that need to be considered. One of the most important things that businesses need to do in order to prepare for the future of cloud ERPs, is to ensure that their data is clean, accurate and up-to-date.
Companies need stability to achieve consistent profits. Markets are not always stable, but it’s easy for businesses when there isn’t much uncertainty about what will happen next with the economy or industry-wide prices stabilize enough so that you can make your profit objectives without too much worry of losing money.
Small to medium-sized businesses (SMBs) have always had to work harder than their larger counterparts to survive. This is especially true during times of crisis, such as pandemics. In today’s world, where a variety of unpleasant surprises can arise at any time, SMBs must be well prepared to avoid becoming overwhelmed.
The last few years have been a perfect example of why agility is so important for SMBs. The global landscape has changed drastically, and businesses that were not able to adapt quickly enough have suffered greatly. The pandemic has forced many businesses to close their doors permanently, but those that were able to pivot and find new ways to operate have been able to weather the storm.
In the business world, things are always changing. Customers' needs and wants to evolve, technology advances, and competitors enter or leave the market. To stay ahead, businesses must be able to adapt quickly. This is where organizational agility comes in....
The world is changing at a record pace and the landscape of business has been irrevocably altered as well by shifting customer preferences, new technologies and geopolitical changes- all within the last few years! If your company is struggling to adapt to these quick and challenging transitions, you are not alone.
Sustainable thinking is about more than just recycling and using renewable energy. It means laying the groundwork for future employee and customer growth. An organization with sustainability as one of its core principles has a better chance of success in the future.
Oh my, the sky is falling and SAP says ECC support is due to expire in 2025(See the note: 1648480). While no one, including the big wigs in Waldorf, can say with certainty that these dates will hold true without dire warnings and the fear that support will end in 2025 then how can they spur reluctant companies to convert to Hana?
As the saying goes “the only constant thing in life is change”. We change our shoes, our jobs, even our relationships. In business knowing when is the right time for change, and how much change is the secret to strategic planning.
Recently, the Department of Defense (DoD) released CMMC v2.0. This new version streamlined the original v1.0 from 5 levels down to 3, and walked back the third party audit requirements to exclude all companies at Level 1 and some companies at Level 2. Companies no longer have to be fully compliant at the time of the contract, and v2.0 brings back Plan of Action and Milestones (POA&Ms) to address any deficiencies.For more information about v2.0 check out our website here.