Today Small and Medium Enterprises have a significant part in framing the economy of a country. In various financial divisions, SMEs can drive development and competition. ERP implementation is very common nowadays. With changing nature of the market, solid competition confronted by worldwide professionals, SMEs are encountered with different key issues that may not give…
Many organizations tend to hustle with ERP implementation projects without realizing its side effects. ERP implementation without ERP readiness assessment often results in disaster not only in terms of financial overruns but also failed implementation. It costs dearly to the company to have wasted umpteen labour hours and energy without knowing whether or not the…
HR department produces a lot of information about employees. Information recorded may include qualification, skill sets, over time, work preferences and other personal details. However, how does accumulating information from every employee on a day-to-day basis help if it is not put to better use?
A sales order is an official agreement between a business association and a sold-to party concerning the delivery of products or provision of services. It includes defined costs, item amounts, and conveyance dates. Every timely delivered sales order establishes you as a trustworthy name in the market. When the number of sales orders starts soaring,…
In most organizations, employees’ salary forms the biggest chunk of expenses. Therefore, it is extremely important to keep a track of employee attendance and productivity. Time-tracking software enables an organization to improve the accuracy and reliability of attendance information. The information, thus collected is interlinked with HRMS to generate payroll. There are heavy consequences for…
Enterprise cloud adoption has accelerated over the last few years. Business owners especially with no prior cloud experience have often shown signs of nervousness about the suitability of cloud infrastructure and their readiness towards handling it smoothly. While all technical aspects are given thorough attention, what owners forget is the need for training employees both…
ERP solutions should be well within the budget of the company. Implementation costs both visible and invisible should be meticulously worked out and included in the budget to avoid aftershocks. External and blind interpretation of ERP solutions accompanied by hustled implementation by business owners often leads to more turmoil and less productivity, as stated by…
It is high time that business owners and HR managers acquire clarity about employee data access in cloud HRMS. An HRMS application contains sensitive information about employees including salary levels, deductions, contributions, bank details and other personal information. Nobody in the organization will feel comfortable knowing that their personal information is viewed by an unauthorized…