Archive for the ‘Enterprise Applications’ Category
Continuing from earlier posting, ABC chooses dual ERP and implements with 30% reduction in cost and time for execution.
How to achieve a cost and time reduction:
Project Team: The Integration / Migration Project is handled by a team which has experience in both QAD and SAP. This knowledge enables them to understand the [...]
ABC Inc arrives at a revised IT ecology of QAD for Manufacturing, Inventory, Sales and Distribution and
SAP for Purchasing and Financial incl consolidation. ABC achieves the dual structure with 30% reduction in cost and time for execution. But how does ABC plan to achieve 30% reduction in cost & optimum TCO in this approach? It has to contend with implementation of both QAD & SAP and yet attain cost balance.
SOX has made Internal Controls to be looked at not as a one time exercise. For successful compliance the controls have to be existent, controls have to operational and continuously operational.
Does a multi ERP environment make sense in an SME? Or should companies move to a single ERP only? There are pro’s and con’s to both the approaches and much of it would depend on the business strategy of the company.
Compliance to Sarbanes-Oxley (SOx) and other Internal Control requirement is a business compulsion now. Ongoing compliance is essential to maintain financial certification, making SOx a daily part of transaction processing. If not for SOx, for companies coming under IFRS Convergence, will have to address the same for financial reporting purposes.