cloud erp mistakes

Rootstock: 10 mistakes to avoid with Cloud ERP

Cloud supply chain and manufacturing Enterprise Resource Planning (ERP) solution provider, Rootstock Software, identifies ten common challenges to overcome to ensure a quick solution rollout for your organization.

Mistake 1: Not knowing why you need cloud ERP

Don’t just gather requirements for moving business as usual into the cloud. Take the time to think and talk about what you want your operation to look like after implementation.

Mistake 2: Letting your expectations get out of hand

Be patient. If you choose the right solution and implement it in a deliberate, strategic fashion, you should expect meaningful results. For example, Matouk, a high-end, custom linen manufacturer, implemented Rootstock Cloud ERP and Salesforce CRM. In six months, they achieved an ROI of 223%.

Mistake 3: Moving ahead without a committed executive sponsor

ERP will be the central system of record that impacts your end-to-end business processes, so getting cross-functional involvement is critical. The ideal sponsor is a CTO or a senior operations executive with technical expertise. But whoever takes on this task must be committed, engaged, vocal, and visible.

Mistake 4: Ignoring the change management imperative

Accounting for the human factor is paramount. Be honest with the change management involved because some won’t like change and others will embrace it. Be prepared and empathetic but be clear that this is happening.

Mistake 5: Not having enough (or the right) people assigned to the implementation project 

You’ll need a seasoned project manager to guide this implementation. Someone who knows how to define the new business processes you’ll want to enable with your new ERP solution, and the cloud platform you’re migrating to, is critical.

Mistake 6: Ignoring maintenance requirements 

Maintenance is no longer a dirty word with the cloud. It’s prudent to make someone responsible for ensuring that your system is always running well, progressing in capability, and is functionally up to date.

Mistake 7: Limiting your vendor evaluations to the usual suspects 

Competition has also created more vendors focused on the needs of specific manufacturing verticals. Consider both large and small ERP vendors that have real experience in your chosen industry.

Mistake 8: Implementing everything at once

Break your implementation into small steps, consistently seek user input on requirements, test the system, solicit feedback on results, and adjust as needed.

Mistake 9: Automating what you do rather than thinking about what’s possible 

Keep an open mind. Native cloud ERP brings many benefits: scalability, a platform that offers plug and plays customization, mobility enablement, the agility to simultaneously support multiple manufacturing modes, and so much more.

Mistake 10: Keeping things quiet

The best way to keep an implementation moving forward in a positive manner is with clear, open, and frequent communication.

Source: Daniel Brightmore

ERP vendors 2020

Solutions Review Names 4 ERP Vendors to Watch in 2020

Solutions Review’s ERP Vendors to Watch is an annual listing of solution providers we believe are worth monitoring. Companies are commonly included if they demonstrate a product roadmap aligning with our meta-analysis of the marketplace. Other criteria include recent and significant funding, talent acquisition, a disruptive or innovative new technology or product, or inclusion in a major analyst publication.

The process of searching, evaluating, purchasing, and deploying an Enterprise Resource Planning (ERP) solution is not as simple as it once was. There’s no such thing as a one-size-fits-all approach when it comes to ERP software. Solutions today come in a variety of different flavors, each features a particular set of capabilities, strengths, and drawbacks. Choosing the right vendor and solution is a complicated process—one that requires in-depth research and often comes down to more than just the solution and its technical capabilities.

In that spirit, we’ve turned our gaze to the future of ERP software. Whether its inclusion in a recent analyst report, the release of an innovative new tool, or a bump in venture funding, these are the ERP providers that have earned watch list status from Solutions Review for the year ahead.

ERP vendors 2020

Infor is a global provider of cloud-based business management software products for companies in industry-specific markets. Founded in 2002 as an ERP software company primarily focused on manufacturing, Infor has since expanded to offer ERP solutions to industries such as automotive, distribution, construction, fashion, food & beverage, hospitality, retail, and more. Today, Infor offers industry-specific CloudSuite solutions for businesses of all sizes. Building on robust ERP systems such as Infor LN, Infor M3, and Infor CloudSuite Financials, CloudSuite solutions deliver last-mile functionality for process and discrete manufacturers; global and SMB wholesale distributors; and service industries requiring end-to-end financial, supply, human capital, and enterprise performance management.

ERP vendors 2020

In 2016, Oracle acquired NetSuite in a definitive agreement saying “Oracle and NetSuite cloud applications are complementary and will coexist in the marketplace forever.” That being said, the two offer leading cloud-based ERP solutions designed for small, medium-sized and large enterprises. From advanced financials to supply chain management to billing and beyond, NetSuite and Oracle ERP solutions give companies the tools they need to accelerate growth and drive innovation, in industries such as financial services, healthcare, education, manufacturing, and retail. Oracle NetSuite ERP is a horizontal package designed for a wide range of industries. It permits customers in any industry to manage their front and back-office functions, plus web operations, all from a single and reliable source.

Founded in 2008, Acumatica provides cloud and browser-based business management software designed for small, mid-sized businesses and large enterprises. Acumatica delivers adaptable cloud and mobile technology with a unique all-inclusive user licensing model, enabling a complete, real-time view of your business anytime, anywhere. Acumatica ERP provides the full suite of integrated business management applications, including financials, distribution, manufacturing, project accounting, field service, Commerce Edition, Construction Edition, and customer relationship management. Acumatica provides its Studio feature, which empowers business process changes while enabling software customization instead of requiring businesses to change their business processes.

Epicor ERP 10

Established in 1972, Epicor Software Corporation provides cloud-based industry-specific business software designed around the needs of manufacturing, distribution, retail, and services organizations. With three ERP platform offerings, (Epicor ERP, Epicor Prophet 21 and Epicor Eclipse) ERP solutions from Epicor help customers harness data and automation to stay productive and profitable. With capabilities spanning from customer relationship management, content management, BI and Analytics, to eCommerce and sales and financials – Epicor ERP products give you room to scale and evolve with a software system that helps you keep pace with technology in the age of Industry 4.0.

Source: Solutions Review


Data V Tech is proud to be one of the leading ERP vendors in Vietnam. For further consultation, please feel free to contact us.

Horasis Asia Meeting 2019

Horasis Asia Meeting 2019

Data V Tech Solutions Company Ltd. is proud to participate in the Horasis Asia Meeting 2019 in Binh Duong, Vietnam. Here are some pictures we took in the event:

Data V Tech Horasis

Ms. Trinh, Lan Phuong (rightmost) and some international guests at Horasis Asia Meeting 2019 in Binh Duong

Horasis Asia Meeting 2019

Further information on the event according to Horasis:

24-25 November 2019, Binh Duong New City, Vietnam

Horasis will convene the 2019 Horasis Asia Meeting in Binh Duong New City, Vietnam, over 24-25 November. The event is co-hosted by Binh Duong Province, Becamex IDC Corp., and VSIP Group. The Horasis Asia Meeting will bring together over 500 of the foremost business and political leaders from across Asia and the world.

Delegates will discuss how to shape the path forward through Asia’s big transitions and how to adopt innovation to build towards a resilient Asia. This year, Vietnam plays again host to the Horasis Asia Meeting. The country aims to become an export economy that can grow fast and provide more jobs with higher income for the people of Vietnam and the whole of Asia.

Horasis Asia Meeting 2019 Horasis Asia Meeting 2019
Trinh Dinh Dung, Deputy Prime Minister, Vietnam Plenary panel at the Horasis Asia Meeting

The annual Horasis Asia Meeting is Asia’s premier gathering of the region’s most senior leaders from business and government. The meeting is poised to be the ideal platform to explore and advance regional cooperation, impact investing and sustainable growth. The location of the meeting rotates annually and recently has been held in Bangkok, Thailand (2016), Kolkata, India (2017) and Binh Duong New City, Vietnam (2018). With this meeting, Horasis aims to present a systemic view of activities affecting the drivers of Asia’s economic success and how Asian businesses interact regionally as well as globally.

Binh Duong Convention Center,
venue of the Horasis Asia Meeting
Binh Duong New City,
Vietnam’s leading smart city

The co-chairs are:

Matlub Ahmad, Chairman, Nitol Niloy Group, Bangladesh
Fernando Gil De Bernabe, Chief Operating Officer Asia Pacific, Japan, and Greater China, Cisco, Singapore
Ed Bullecer, Chief Executive Officer, Paglas Group, Philippines
Herbert Chen Wu, Managing Director, The Economist Global Business Review, China
Thet Thet Khine, Member of Parliament, Myanmar
Don Lam, Chief Executive Officer, and Co-Founder, VinaCapital, Vietnam
  Nguyen Van Hung, Group Executive Chairman, Becamex IDC, Vietnam
Huynh Quang Hai, Group Executive Director, VSIP Group, Vietnam
So-Young Kang, Founder and Chief Executive Officer, Gnowbe, Singapore
Tadahiro Kawada, President, Kawada Technologies, Japan
Sanjay Kirloskar, Chairman, Kirloskar Brothers; President, AIMA, India
Hiroshi Komiyama, President, Kitakyushu Asian Center for Low Carbon Society, Japan
Nguyen Viet Long, Deputy Chief Executive Officer, Becamex IDC, Vietnam
Johan Nyvene, Chief Executive Officer, Ho Chi Minh City Securities Corporation, Vietnam
Ganesh Natarajan, Executive Chairman, and Founder, 5F World, India
Diana Sabrain, Co-founder, OneAgrix, Singapore Diana Sabrain, Co-founder, OneAgrix, Singapore
Vivian Secakusuma, Vice Chairman, Association of Indonesia Investment Advisors, Indonesia
Rita Sim, Chief Executive Officer, CENSE Media, Malaysia
Tan Yinglan, Founding Managing Partner, Insignia Ventures Partners, Singapore
Thong Le Tri, Vice Chairman and Chief Executive Officer, PNJ, Vietnam
Wang Dong, Secretary-General, The Pangoal Institution, China

Horasis – a global visions community committed to inspiring our future – provides a unique platform for companies from emerging and developed markets to globalize their organizations. In addition to the Horasis Asia Meeting, Horasis hosts the annual Horasis Global Meeting, Horasis China Meeting, Horasis India Meeting, as well as the annual gatherings of the Horasis Visionary Circle.

upgrade of ERP systems

8 Signs It’s Time to Upgrade to a Better ERP System

Few things are so daunting a prospect as a large-scale change in your ERP system. After all, the average ERP implementation project usually lasts around 6 months, some even 2 years. Likewise, the upgrade might take a few months, too. However, it is crucial and in many cases inevitable for the company’s growth. In this article, we’ll explain eight warning signs that indicate it’s time to upgrade.

Personnel is easily a company’s most significant cost. Once you factor in salary, benefits, employee development programs, the hiring process, personnel typically far outpaces anything else you spend on.

That’s what makes the right ERP system so crucial for your business. An ERP system that requires much manual processing to run on a day-to-day basis can negatively impact your employees’ productivity.

Not to mention, a plethora of manual processes also indicate a lack of scalability. So as you grow, your ERP won’t grow with you, and will instead require even more unproductive time from your people.

Reporting easily takes the cake as one of the most important functions of any ERP system. Thus, if your current ERP doesn’t enable you to quickly and efficiently view the most important metrics, it’s probably past time to upgrade.

Access to metrics is crucial to your company’s success. After all, without the right reporting, there’s no way for you to tell if your company will achieve its goals.

Few things kill a company’s growth momentum than a setback when audit time rolls around. Many smaller ERP tools or homegrown systems are unable to keep up with the ever-changing, ever increasingly-stringent requirements to maintain compliance. One slip-up here can be devastatingly expensive for your company.

Especially if your company currently or in the future would like to engage with any government contracts, you’ll need to ensure beforehand that you meet the strict compliance measures. Thus, it’s better to get the ERP upgrade out of the way now before that becomes a possibility, rather than have to miss out an opportunity down the line because you aren’t yet compliance-ready.

For the past few years, we’ve been saying that mobile is taking over. I’m here to tell you that today, mobile has taken over. Your employees are always on the go but also always have access to their smartphones. If your ERP system doesn’t have the mobile capacity, then you’re potentially missing out on hours of productivity.

How advanced is your tech stack? If your company is in any sort of high-tech or SaaS industry, part of the territory is a massively complicated tech stack to support all of the different functions of your business. Integrations are key for your employees to most efficiently leverage that tech stack to excel in their roles.

Having to constantly navigate between or manually send data across two different systems kindles unproductivity. If your ERP doesn’t play well with all of the other tools in your tech stack, it’s definitely time for an upgrade.

Though there may be myriads of technical, tangible factors of employee productivity, many of the elements that influence how well your personnel works are the intangibles, like morale. Don’t wait till your employees constantly complain about your current ERP and find it hard to do their job.

If someone’s motivation to work is being adversely impacted, you’ll get nowhere near 100% productivity from them. Don’t let your ERP be the root cause of a lack of morale.

Any large scale change to your organization, such as an overhaul, upgrade, or re-implementation of your ERP will require buy-in from upper management. Creating that buy-in is best done by building out a business case for the ERP upgrade.

As you build out that business case, you’ll be able to see the prospective ROI to make a well-informed decision. Take into account all of the systems and functions that you plan to upgrade.  Then compare the future state to the current state. How many hours per employee does each new or improved function save? How much is each hour worth? Will the impact of the new tool lead generation for your marketing team or conversion rates for your sales team?

Leverage the answers to all those questions while building out your business case. In the end, assess the RoI and see whether it outweighs the cost of an ERP upgrade. If it does, making the jump and committing to the improvement process is certainly a no-brainer.

The last but most tell-tale sign of an insufficient ERP system is an adverse impact on customer experience. As you well know, customers are the lifeblood of your organization. Your customer base waning means your organization’s death.

Research reveals that positive customer experience results in increased customer longevity as well as word-of-mouth marketing. A happy customer who enjoyed the experience of working with your company will also tell his/her friends about his/her positive experience. The net result of that means more dollars in your bank account.

But the opposite of that is so much truer. Customers are even more likely to share negative buying experiences than positive ones. Thus, if you’re providing a poor experience, your market will soon know about it. That’s why it’s absolutely crucial that you upgrade your ERP if some parts might contribute to adverse customer experience. Whether it causes a slow response time from your sales team or an overcomplicated purchasing process, it has to go.

Conclusion

If these warning signs show themselves in your organization, then it’s beyond time for you to consider upgrading your ERP. Daunting though the prospect may be, a dedicated team can help you implement your system upgrade easily and quickly.

Contact us to know more about how to upgrade your ERP.

21 Inspirational Quotes for Engineers

We, Data V Tech enginners work hard and still stay happy thanks to many inspirational quotes. Here are some of the best quotes for engineers that we would like to share with you.

Inspirational quotes inspire and motivate us to make better decisions in life. They also help us to be aware of negative conditions like stress and depression revealing how futile such things are and there is a choice to be happier. These days people are working like robots without a directional goal with the sole reason to earn but without the passion involved. Humans are blessed with infinite capabilities and we are yet to realize them. So, take a lesson from these motivational quotes that help you lead a better life.” (Quotesempire.com)

inspirational quotes for engineers

 

inspirational quotes for engineers

 

inspirational quotes for engineers

 

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data v tech inspiration

 

data v tech inspiration

 

engineers motivation

 

data v tech inspiration

 

engineers motivation

 

data v tech engineers

 

data v tech engineers

 

data v tech engineers

 

best quotes for engineers

 

best quotes for engineers

Collected by @Datavtech

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