An enterprise resource planning (ERP) system serves as the brainstem of any modern business; through it, your organization’s decision makers can gather data and issue informed directives at the touch of a finger. It's crucial that business leaders keep their ERP systems properly managed and maintained.
Big data is a widespread term used to refer to data sets that are too large and/or too complex to be adequately processed by conventional data-processing application software. Many tech experts have touted big data to be the most important tech breakthrough in the industry, and it’s easy to see why.
Not many industries are as rife with challenges as the hospitality industry. Being part of a service-oriented sector, hotels and inns are faced with so many challenges that can easily fold the unprepared. Those that find opportunities amid all the chaos are most likely to prosper.
In a business setting, customers are the life force of any company. Their decision to opt out of a product or service will determine a business longevity.
It's important to see every transaction through the customer’s perspective. This way, you’ll discover what drives them to make a purchase and what holds them back.
You’ve done your research and decided to invest in an enterprise resource planning (ERP) solution. Now you need to decide which of the many options makes the most sense for your needs. If you Google “Best ERP solution,” Microsoft’s Dynamics software is showcased in each of the top five results.
As tech companies scramble for market lead, businesses are left with a bigger and better selection of products, and that includes ERP solutions. One of them may have further elevated the Microsoft brand to unreachable heights: the Dynamics 365 Business Central.
The advancements in business strategies and technologies necessitate that chief financial officers (CFOs) adapt to increase revenue, overcome external pressures, and put their business ahead of the curve. This is often easier said than done, but there are a few things CFOs can do to meet the challenges of modern finance.
The year 2018 has been amazing for enterprise resource planning (ERP) software developers, vendors, and users alike. Businesses that implemented an ERP system have realized all the ways it can streamline accounting, reduce costs, and improve decision-making.
The role of the finance department is essential to any enterprise; managing assets such as cash, accounts receivables, and stocks. That’s why any delay, inconsistency, or error in reporting is considered critical. To prevent the business from steering away from their financial KPIs and goals, organizations use financial management systems.
Microsoft hit a homerun when they released Dynamics 365 Business Central earlier this year. This all-in-one, cloud-hosted business solution continues to be the choice enterprise resource planning (ERP) system for countless businesses around the world. If you’re still on the fence about implementing this robust ERP, read along.