Business requirements Anything that is new always causes what psychologists call “stress”. Stress can be negative or positive. Positive stress is known as “eustress”, whereas negative stress is known as “distress”. Implementing ERP should bring about eustress, rather than distress. Eustress helps you to make positive changes, which includes adopting ERP in a productive manner….
Offshore employees As the organization grows, investment in human capital also increases. HRMS has played an important role in managing the most critical resource of any organization i.e. human resource. HRMS can be used to manage not only your in-house employees but also the offshore employees working under your vendor. Tracking the Performance of Vendors:…
Software Delivery Models ERP delivery models have evolved over the years and given organizations many options to choose from. The basic points of consideration include work overload, cost economy, the flexibility of operation and data security. Before you choose any model, you must consider the implication it has on your employees, suppliers and customers. The…
Performance Appraisals Every company worth its name conducts regular performance appraisals of its employees. Performance appraisals are an important part of corporate culture and instil a sense of accountability, recognition, and discipline. This fundamental practice encourages collaboration between employees and employers and helps employees to progress towards personal and professional success. All this helps the…
Business management What is an ERP? ERP is the business management software that allows the organizations to manage its different facets like planning, operations, sales and marketing. It seamlessly integrates various departments of the organization to function as a single unit determined to achieve a common goal. The information fed in the system by any…
Exit Process Though most of us would not like to admit it, our employees probably will leave us one day or another. It is becoming increasingly rare for people to stay within the same organization all their lives or even for a decade, as it used to be the case, just a couple of decades…
Hidden Costs of ERP Implementing an ERP system brings about a revolution in your organization by improving the way you work. It needs perseverance on your part to make it a success. ERP projects demand both time and money. While ERP vendors will help you in determining the outright cost of setting up the system,…
ERP projects are implemented in order to reduce cost, streamline existing business processes and have greater visibility in operations that helps in making faster and informed decisions. Despite all these lustrous benefits, many businesses leave the project midway or fail disastrously. In many other cases, they are often plagued by missing project deadlines and overbudgeting….