About to upgrade your ERP system? Read this first.

A recent research study by Unisphere Research revealed that close to half of the respondents intended to move to the latest release of their Enterprise/ERP suite within the next two years. The chief reasons provided were:

  • End-of-support
  • Access new functionality
  • Applications to boost user’s productivity

In addition to the above mentioned reasons, 12% of upgrades were also used as an opportunity to undertake projects that were transformational in nature. Transformational effects include expansion of global boundaries, downsizing instances, and standardization of business processes.

When you are ready to upgrade, we recommend that you keep the following things in mind:

  • Cost and time involved
  • Support provided
  • Next level of technology
  • Scope for expansion
  • Customization of your needs
  • Applications available “On-the-go”
  • Downtime and testing involved

Overall, a successful upgrade is important to the continued productivity of your team. For more information on various options available for upgrade, contact the form below and we will provide a “no obligation” consultation.

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Source: http://www.oracle.com/us/products/applications/oaug-erp-upgrades-1531330.pdf

Optimize Your Operations with Cloud ERP, Blog #1 in the Series

Below is the first in a series of blogs discussing Cloud ERP.  In this series, we will start with the topic in very general terms and progress to specific advantages and disadvantages Cloud ERP applications.  Finally, we will cover specific functionality available in applications such as Oracle’s Cloud ERP.

As per National Institute of Standards and Technology (NIST), cloud computing is a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services). The resources can be rapidly provisioned and released with minimal management effort or service provider interaction.

When it comes to Enterprise Resource Planning (ERP) on the cloud, WhatIs.com defines Cloud ERP as an approach to ERP that makes use of cloud computing platforms and services to provide a business with more flexible business process transformation.

As noted in a recent PwC report, global revenues from cloud-based Software as a Service (SaaS) solutions have already surpassed new license revenues from traditional ERP systems. Corporations of all sizes, from mid-size companies to global corporations, are making the switch.  They are either moving to a complete cloud-based model or to a hybrid model that can scale to meet new customer demands. There are many advantages to cloud-based ERP systems, such as the Oracle Cloud ERP system. The three main are:

  • Comprehensive Portfolio: The entire ERP suite in the cloud is delivered at a much lower cost as compared to traditional ERP systems. Modules such as Financial Accounting, Risk and Control, Supply Chain, Procurement and Project Management can be accessed with the simplicity of the cloud. While the cost savings are significant, organizations are switching to cloud or hybrid models as a catalyst for strategic change.
  • Flexible and Modern: Cloud ERP systems also provide in-context analytics, role-based dashboard and actionable reporting functionalities. You can be sure you are getting the most out of your ERP system with a cloud-based model providing you with all the efficient process transformations and reporting.
  • Reliable and Secure: Cloud ERP systems are secure and offer flexibility in deployment. You can customize security settings based on the roles and responsibilities of the organization.

Leverage the cost advantages and flexibility of having a cloud-based Oracle ERP solution and base your operations on the growing needs of your business. This would ensure that your IT investment dollars are optimized, leaving you free to focus on the core necessities of your business!

We at Computer Technology Resources are certified Oracle experts and can provide you a no-obligation consultation on a Cloud ERP solution that would work for your business. Please contact Dick Kenny at 714-912-9719 or email dkenny@ctrworld.com

Sources:

http://csrc.nist.gov/publications/nistpubs/800-145/SP800-145.pdf
https://cloud.oracle.com/erp-cloud?tabID=1383678923770
http://www.forbes.com/sites/louiscolumbus/2015/01/27/five-catalysts-accelerating-cloud-erp-growth-in-2015/

Advantages and Disadvantages of Cloud ERP

This is the second in the series of articles about Cloud ERP. In our first article, we discussed some standard definitions of Cloud ERP and the basic features of Cloud ERP systems. In this article, we will go a step further by discussing the advantages and disadvantages of Cloud ERP in more detail.

Advantages:

  • Access to more features: Having applications on the cloud has the advantage of being able to access more standard features. Updates on the cloud are easier compared to upgrading an on-premise ERP system.  Since it is easier to update the application, it ensures that you have access to the latest and greatest features that your software provider has to offer.
  • Moving away from legacy systems: According to Gartner[1], by 2016, heavily customized on -premise ERP implementations will be viewed as “legacy” applications, and by 2018 some 30% of companies surveyed will have moved their ERP applications to the cloud.  The pace of enhancements for Cloud applications will exceed those of larger on-premise applications as the number of companies using on-premise systems shrinks and application development naturally follows the customer dollar
  • Faster implementation: Since the infrastructure and the software are on the cloud, the effort is towards moving the data from legacy systems to the cloud-based. From that point on, the updates are faster and customizable as per business processes.

Disadvantages:

  • Limited customizations: With every release, the cloud products are becoming more and more configurable.  This means that functionality that used to be considered customizations are now being offered as standard.  However the fact remains that with companies requiring very heavy customizations, especially with some functional suites, on premise ERP applications are still the best option.
  • Limited Product Suites:  Most companies offering cloud solutions are focused on particular applications like HCM or Financials.  Very few providers are offering a single suite of products that meet most user requirements.  This means integrating existing on-premise applications with newer cloud products.  This can potentially lead to additional costs, more complex process flows or lost functionality.
  • Cost considerations: Though, overall cloud solutions are quite cost effective, there are cost considerations to be looked into when talking about long-term costs for licenses and support.  When considering a move to a cloud application look at the 5 and/or 10 year Cost of Ownership.  The cost advantage of cloud product might not be as great as initially thought.

Ideally, some applications are best left as on-premise systems and wherever possible, you can move the rest onto the cloud. For example, applications such as Revenue Management Cloud Service [2] takes data from the Oracle e-Business Suite through pre-built integrations, and provides powerful revenue recognition capabilities not previously available.

Forrester Research [3] currently pegs Cloud computing expenditures at more than $40b globally, and growing at over 20% per annum. If not already, businesses should start assessing aspects of their IT processes to see if it makes sense to move them to the cloud and begin taking advantage of the benefits the cloud provides.

We at Computer Technology Resources are certified system experts and can provide you with a no-obligation assessment on Cloud ERP solutions that would work for best your business. Please contact Dick Kenny at 714-912-9719 or email dkenny@ctrworld.com.

Source:

  1. Gartner “Predicts 2014: The Rise of the Postmodern ERP and Enterprise Applications World” G00259076 12/5/2013
  2. http://blog.appsassociates.com/top-5-considerations-for-oracle-cloud-erp
  3. Based on an analysis of Gartner Group, Forrester, IDC, Wall Street Journal, and MarketsandMarkets.com projections and forecasts.

http://www.smartdatacollective.com/ephraimcohen/92981/analysis-cloud-erp-applications

Superior Performance for Business Success

Below is the third and final article on our series covering Cloud ERP.

As per Wikipedia, a best practice is a method or technique that has consistently shown results superior to those achieved with other means, and that is used as a benchmark.

Midsize companies can achieve consistently superior results when they adopt business best practices. These practices are nothing but steps or actions that need to be taken consistently to achieve better than the benchmark results and exceed goals.

For example, when a flag on a KPI indicator dashboard turns red, steps are taken to identify the problem. It is shared internally and securely with the team responsible for looking into that KPI and steps are taken to rectify the issue. An audit trail keeps track of all the changes made and the transparency within that circle is secured. These are the standard best practices provided by Oracle ERP Cloud Solutions.

While the templates provided by Oracle ERP Cloud Solutions are standard, they can be highly customized to suit the company’s business needs. Oracle ERP Cloud Applications are the best fit for companies who want to maintain their competitive/unique value proposition but at the same time move to the excellence in benchmarks, also known as the standard best practice in the industry.

What makes Oracle the choice?  – These need to be expanded upon.

  • Breadth of Product Offering
  • Depth within each Flow (Procure to Pay, Order to Cash)
  • Ease of Use

In order to implement these solutions, choose a partner that,

  • Is an Oracle Certified Partner
  • Understands your business needs, specific to your industry
  • Can personalize the processes to take advantages of the nuances of your business
  • Has deep product knowledge in terms of what is the latest in the industry
  • Adopts best practices
  • Has the right credentials

Oracle cloud solutions are the perfect fit for single country, single location mid-size company to a multi-national corporation with multiple locations across the globe.

We at Computer Technology Resources are certified Oracle experts and can provide you a no-obligation consultation on Cloud ERP solution that would work for your business. Please contact Dick Kenny at 714-912-9719 or email dkenny@ctrworld.com.

Source:

https://www.oracle.com/applications/modern-best-practice/index.html

http://www.ctrworld.com/big-data-insights-with-tableau-apache-spark-the-aadhaar-story/

https://pixabay.com/en/reichstag-berlin-government-366200/

Partnership Announcement with Netsuite

COMPUTER TECHNOLOGY RESOURCES, INC. (CTR) JOINS NETSUITE SOLUTION PROVIDER PROGRAM

Partnership with NetSuite allows CTR to meet increasing market demand for cloud solutions

Irvine, CA – October 10, 2016 – CTR, a system integrator and certified consultancy for several Tier 1 ERP platforms, today announced it has joined the NetSuite Solution Provider Program, delivering NetSuite’s cloud offering to the manufacturing, distribution, healthcare, and services industries. The partnership with the #1 Cloud ERP application allows CTR to quickly enter the cloud computing market in order to meet the growing demand for ERP cloud solutions from its client base.

Since its founding CTR has been helping companies realize the benefits of implementing end-to-end ERP applications.   CTR will leverage its years of domain vertical expertise and knowledge to implement, customize, integrate, and extend NetSuite cloud solutions.

“We are delighted to join the NetSuite Solution Provider Program. We have seen a tremendous surge in demand for a cloud platform that will allow our customers to shed costly hardware and IT infrastructure without sacrificing strong ERP functionality,” said Pankaj Mundra, President of Computer Technology Resources. We feel that NetSuite’s line-up of integrated applications provides a native cloud solution with a deep expertise in both the services and manufacturing verticals that we support. We are excited about the synergies that can be created by our strong team of experienced ERP experts combined with NetSuite’s word class platform.”

About Computer Technology Resources : CTR is a system integration company providing business and technology solutions. Founded in 1998, with offices in the United States, Canada and India, CTR has garnered an impressive track record of delivering successful results, with a noteworthy client list that includes mid-sized to Fortune 500 companies. We helpclients in a wide range of industries meet their tactical, strategic, and business goals through successful, cost effective implementation, integration and support of leading enterprise software packages and technology infrastructure. The CTR team consists of industry experts from a variety of different functional and technical backgrounds. Our people are recognized business and industry leaders with a passion for innovation. Our consultants strive to provide solutions that are customer focused and based on best practices. Visit http://www.ctrworld.com to find out more about CTR.

About NetSuite : NetSuite Inc. is the # 1 provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites. In addition to financials/ERP software suites, NetSuite offers a broad suite of applications, including accounting, Customer Relationship Management (CRM), Professional Services Automation (PSA) and eCommerce that enable companies to manage most of their core business operations in its single integrated suite. NetSuite’s “real-time dashboard” technology provides an easy-to-use view into up-to-date, role-specific business information.

About NetSuite Solution Provider Program : Launched in 2002, the NetSuite Solution Provider Program is the industry’s first cloud channel partner program and unites hundreds of channel partners and their cloud opportunities with industry-leading margins and incentives to grow their businesses. Designed to help solution providers transform their business model to fully capitalize on the revenue growth opportunity of the NetSuite cloud, the NetSuite Solution Provider Program delivers unprecedented services that begin during recruitment and range from business planning, sales, marketing and PS enablement, to training and education. For more information about the program, visit http://www.netsuite.com/portal/partners/main.shtml.

NOTE : NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between NetSuite and any other company.