Professional Accounting Blog

    Accounting For Your Prosperity

    Re-thinking the Use of Email

    Posted by Scott A. Holter on Jul 2, 2020 10:11:02 AM

    Topics: ERP

    I’m sure just about all of us has said “I wish I could dig out from under all the emails.”  With a little effort, personally adopting and encouraging your colleagues to adopt some of the suggestions below should help get you out of the shackles of a burgeoning email Inbox.

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    The Benefits of an ERP Audit in the COVID-19 Era

    Posted by Kevin Heisler on Jun 9, 2020 4:32:53 PM

    Topics: ERP, Management And Technology Resource, Technology, COVID-19

    Over the past three months, the COVID-19 virus and the accompanying pandemic has single-handedly caused a rapid down shift in economic activity never before seen in the modern industrial and post-industrial world. A recent article in The Atlantic addressing the incongruity of a record stock market rally taking place during a time of economic upheaval and widespread joblessness cleverly described these strange times we’re living through: “The COVID-19 crisis is simultaneously thrusting Americans into the pre-urban homestead economy of the 1830s, re-creating the Depression-era joblessness of the 1930s, and pulling forward the virtual economy of the 2030s. We are living in the weirdest economy ever.”

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    The Advantages and Disadvantages of Cloud-Based ERP Systems

    Posted by Scott A. Holter on Apr 6, 2020 11:56:34 AM

    Topics: ERP

    Cloud-based ERP systems are simply a suite of ERP applications delivered to users over the Internet, usually accessed via a standard web browser. While these systems share most of same features as “on-premise” ERP systems (ERP software that runs on in-house servers), there are several critical areas we discuss with our clients when considering the advantages and disadvantages of purchasing a cloud-based ERP vs. on-premise systems. The best choice will depend on the organization’s structure and business strategy.

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    The Cloud comes to Manufacturing and Distribution ERP Software

    Posted by Scott A. Holter on Apr 2, 2020 1:14:52 PM

    Topics: ERP

    Background

    Twenty-six years ago, I was working for a large, multi-national chemical company and was put on a team to select a new enterprise-wide system to replace our separate Accounting and MRP software packages. This new (in 1994) software was called ERP (Enterprise Resource Planning).

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    How to Reach Your Business Goals with Your ERP Implementation

    Posted by Scott A. Holter on Jan 7, 2020 1:11:00 PM

    Topics: ERP

    There are probably more articles on executing a successful ERP implementation than actual successful implementations. This is of course said in jest; however, the point is that there are many references on this topic. One of the main tenets of successful ERP implementations is proper goal setting and measurement. As the author Lewis Carol said “If you don’t know where you’re going, any road will take you there.”

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    4 Considerations to Take When Planning Customizations to an ERP System

    Posted by Scott A. Holter on Dec 18, 2019 9:49:00 AM

    Topics: ERP

    The final decision to replace or upgrade your current ERP system most often ends up taking years to contemplate. Employees are comfortable, change is stressful, and change is costly. In addition, the one issue that rises above the rest to reassure you that the decision to stay put is the correct one is, “Our current system has been modified so extensively that it would be impossible to find any replacement system that will satisfy our needs.”

    Vendors used to be able to attract new customers with new features, but now, even the more successful products have matured, providing the same basic functionality. Today, organizations typically don’t select and implement a new system unless they have no other choice. Some reasons for this include:

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    Best Practice for ERP System Selections: Part 1

    Posted by Scott A. Holter on Nov 13, 2019 11:30:00 AM

    Topics: ERP

    This is Part 1 of a two-part series that gives you a better perspective on Best Practice for ERP System Selections.  

    As Steven Covey said, to begin you start with the end in mind. It’s very true when you start to plan for and design what the new ERP (Enterprise Resource Planning) system will look like for your company. At a high level, here’s some best practice tips on how to start a project like this:

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    What Does it Take to Have a Successful ERP Implementation?

    Posted by Meaden & Moore on Oct 23, 2019 2:17:00 PM

    Topics: ERP

    In our organization we always measure ERP implementation projects on 4 criteria: Was it on time? Did the system meet our objectives? Was it on budget? Was it within scope? You’ll see that these four criteria are some of the key indicators as to whether an implementation was successful. A review of the original scope document will tell you how well the planning and design stage went, and will answer the question: Did we stick to our plan? Forecasting budget to actual spending is another indicator of the project health. Lastly, was the project completed on time? Read More

    Deciphering Microsoft on the accounting, erp or crm software side

    Posted by Scott A. Holter on Jul 3, 2019 3:47:02 PM

    Topics: ERP

    Microsoft’s branding in general and the “Dynamics” brand, in particular, has created a lot of confusion in the market. Frequently, I hear that a company is running “Dynamics” but that’s just a brand akin to hearing that a person drives a Toyota or Ford without providing the specific model let alone the myriad of factory or aftermarket options installed.  

    Over the years, Microsoft acquired four Enterprise Resource Planning (ERP) systems and one Customer Relationship Management (CRM) system.

    Microsoft acquired iCommunicate in 2001 and re-named the software Microsoft CRM. Around that same time, Microsoft acquired Great Plains Software and, shortly thereafter, renamed Great Plains as Dynamics GP and renamed CRM as Dynamics CRM.  The Great Plains acquisition also brought the Solomon accounting software package to Microsoft which it renamed Dynamics SL.

    As these three evolved, they took on the year as the version. For example, Dynamics GP is currently marketed as Dynamics GP 2018. 

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    Before Investing in New Technology, Take Stock of Existing Systems

    Posted by Jim Rollins on Apr 11, 2019 8:00:00 AM

    Topics: ERP

    Rapid advances in technology combined with a tight labor market are prompting increasing numbers of manufacturers to consider investments in automation.

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